SGpay token e-wallet that allows users to buy and sell cryptocurrencies
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SGPAY TOKEN
WHAT IS SGpay?
SGPay Token is a brand that is compatible with ERC20 on the Etereal blockade platform, e-wallet and e-payment for all people living in Singapore and Southeast Asia. There are many things you can do with the SGPay platform like paying for your groceries, buying movie tickets, ordering flights and more with SGPay. You can also choose payment options in either currency or crypto in merchants and selected incentives such as low transaction costs when buying or selling crypto on the SGPay platform.
BENEFITS
Get it. Spend. Play.
Buy Bitcoin, create e-payment, rent a bike, buy movie tickets and shop online. All in one app.
Ease of Use
Buy, sell and manage your crypto-kripto on the go. SGPay provides 24-hour real-time portfolio tracking on mobile.
Ecosystem payments
Make a payment using fiat currency and also crypto at participating merchant outlets.
Greater Diversity
SGPay supports more crypto than other local wallets. This allows you to diversify your portfolio and reduce risk.
Integrated reward system
Earn reward points when shopping at our partner's online mall. No gimmicks, expiration date and long T & C.
The solutions offered by SGPay and its tokens are:
SGPay is an e-wallet that allows users to buy and sell cryptocurrencies. It has an inbuilt incentive system that provides lower transaction costs to users who hold more SGPay tokens. SGPay will allow its users to make transactions using its token, and to pay for value-added services on the platform.
The addition of SGPay to the payment ecosystem also gives users greater choice and diversity for payments in Singapore and Asia. There is a lower possibility of one e-wallet that gains monopoly power and imposes unfavorable requirements for the user.
SGPay will advocate the use of cryptocurrency for regional payments. This creates a more familiar environment for users who already feel comfortable with e-payment applications. Now crypto is promoted and supported on popular payment apps, its use will increase by itself.
FEATURES
Accessible from mobile devices on Android and Apple iOS
Tokens are decentralized in blockchain
The 'Cold-Storage' style wallet protects up to 99% of the crypto assets stored with us
Support for transactions involving cryptocurrencies such as Network Token SGPay, Bitcoin, Ether
Support for deposit / withdrawal of Singapore Dollar
API is built to support exchange of traders and users
Full access to users above their private key (platform will not save key)
Support for debit and credit cards during the e-payment phase
Deep integration with industry leaders from the fields of Insurance, Travel and others
Monetized reward system built into platform
Support for locally developed cryptocurrencies such as Kyber Network Crystals, Zilliqa Tokens and more. The full feature set of SGPay will be developed in stages. For a more detailed view as each feature will be performed during our development stage, please see our roadmap at the end of our whitepaper.
After establishing our presence in Singapore, we will move to the nearest foreign markets such as Malaysia and Indonesia. Indonesia is the 4th most populous country in the world and Southeast Asia is poised to see tremendous growth. E-commerce and e-payment are also growing at an increasing rate in the region, a great opportunity for FinTech companies. To further encourage the adoption of SGPay, we will also create additional business platforms to support the use of our tokens. These include SGRewards that will bind with our SGPay platform to offer monetized reward points and SGFund that will help support the expansion of small and medium business financially (SMEs).
SGPay Token is an ERC20 compatible token on the Ethereum blockchain. It is promoted and used on SGPay, related business platforms and partner merchant outlets. Token holders enjoy various incentives such as lower transaction costs when buying or selling crypto on the SGPay platform.
Why blockchain Ethereum? SGPay chose to build SGP in Ethereal blockchain because it brought benefits such as decentralization, security, transparency and lower transaction costs. It is also the preferred blockchain network of many large companies like Microsoft and UBS that are part of the Enterprise Ethereum Alliance.
Why choose Singapore? Singapore made a great launching pad for the development and implementation of the SGPay function. Many payment providers have ignored Singapore as a potential market because of its relatively small market size. However, they failed to recognize Singapore's ability to quickly adopt innovative technology due to its highly educated workforce and tech savvy population. Singapore is also a leading financial center in Asia with one of the highest GDP per capita in the world. The Singapore government recently advocated a national push for electronic payments that will increase investment and acquisition opportunities in the sector.
After establishing our presence in Singapore, we will move to the nearest foreign markets such as Malaysia and Indonesia. Indonesia is the 4th most populous country in the world and Southeast Asia is poised to see tremendous growth. E-commerce and e-payment are also growing at an increasing rate in the region, a great opportunity for FinTech companies. To further encourage the adoption of SGPay, we will also create additional business platforms to support the use of our tokens. These include SGRewards that will bind with our SGPay platform to offer monetized reward points and SGFund that will help support the expansion of small and medium business financially (SMEs).
Goal of SGpay Token? SGPay's goal is to make SGPay a leading e-wallet and e-payment mobile application for everyone living in Singapore and the region. Customers will be able to pay for their purchases, buy movie tickets, book flights and more with SGPay. They will also be able to choose their preferred mode of payment, either in fiat currency or cryptocurrency at selected merchants.
- Token Name: SGPay Token [SGP]
- Number of Supply: Up to 13.8 million
- Total Supply: Up to 10 million
- Pre-Contribution Period: 1 February - 14 February 2018
- Supply Pre-Contribution: 2 million tokens @ US $ 0.40 each
- Main-Contribution Period: 1 March - 31 March 2018
- Main Contribution Offer: 8 million tokens @ US $ 0.50 each
- Soft Cap: US $ 0.8 million
- Implied Market Cap: Up to US $ 4.8 million
- Minimum Contribution: 1 ETH
- Maximum Contribution: 100 ETH
- Currency received: Ether (ETH)
- KYC / Whitelisting: Yes
ROADMAP
The development of the SGPay system is already under way. Here is an overview of project planning. With an expected completion in May 2018, we plan to launch an early version of the system in July 2018.
Thank you friends who have taken the time to read the article from me related platform SGpay.Semoga with the article from me above can help you to understand what is SGpay.
FOR MORE INFORMATION PLEASE VISIT LINKS BELOW:
BitcoinTalk Thread : https://bitcointalk.org/index.php?topic=2804879.0
Website : https://www.sgpay.org/
Twitter : http://www.twitter.com/sgpaytoken
Telegram : http://t.me/sgpay/
Facebook : https://www.facebook.com/sgpaytoken/
ETH: 0x277F58a93f1c804C532eBaf5Aa3B9945743f6d06
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