SGPay is a platform that combines virtual currency and fiat into a seamless wallet experience.
SGPay - A Wallet For Everyone
https://youtu.be/RvwFyPgAcsE
The thing that drove SGPay into '3rd generation' e-wallet and e-payment is caused by 3 factors:
The SGPay government's push toward electronic payments and 'non-cash' communities will provide much-needed public services and support to the SGPay platform.
The absence of a current payment platform that matches the approach of AliPay in China and PayTM in India
MAS's regulatory stance on Crypto in Singapore will assist in the acceptance and adoption of general implementation on SGPay platform
SGPay is special to put SGPay in the hands of everyone and can play well from the consumer to the merchant's corner. Since all merchants are on the road but not all consumers are merchants, we are essential to drive customer integration.
Singapore has quickly emerged as the preferred crypto center. Fintech-friendly status, government grants and accommodative establishment of Initial Coin Offerings (ICO) have made it a favorite for fintech companies coming to Singapore. MAS also takes an accommodative approach where compliance and security regulations apply when considering specific rules for future implementation.
The crypto community in Singapore is also quite active and this leads to a growing market for service providers associated with blockchain technology. However, the market is immature and many service providers also concentrate on overseas markets (similar to e-payment payments).
There is an opportunity to normalize, dominate and create a unique selling proposition (USP) in order for our project to succeed based on the current environment
The solutions offered by SGPay and the token 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 already have more SGPay tokens. SGPay will allow it to conduct transactions using its token, and to pay for additional services on the platform.
The addition of SGPay to PayPal in Singapore and Asia. There is a lower likelihood of a monopoly e-wallet and imposing 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 that is promoted and supported on popular payment apps, usage will increase by itself.
Blockchain Capital Pte. Ltd. and its partners will execute mobile strategies primarily to develop assets that can meet market needs.
SGPay TOKEN
SGPay Token is compatible with token ERC20 on blockchain Ethereum. It is promoted and used on SGPay, related business platforms and partner merchant outlets. Token holders enjoy a variety of lower transactions when buying or selling crypto on the SGPay platform.
Why blockchain Ethereum? SGPay chose to build SGP in Ethereal blockade, security, transparency and lower transaction costs. It is also a very large block of networking companies like Microsoft and UBS that are part of the Enterprise Ethereum Alliance.
Why choose Singapore? Singapore is good for the development and implementation of the SGPay function. Many payment providers have lost Singapore because of potential markets due to their relatively small market size. However, they fail to restore Singapore's ability to immediately launch innovative technology due to its highly educated workforce and 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 rebuilding us 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 the Southeast Asian region is poised to see tremendous growth. E-commerce and e-payment are 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 SGRay that will bind with our SGPay platform to offer monetized reward points and SGFund that will help support small businesses.
Goal of SGpay Token? SGPay's goal is to make SGPay mobile e-wallet and e-payment applications for everyone who lives 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
information:
Username: danil21
profile: https://bitcointalk.org/index.php?action=profile;u=1544106
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