SGPay - Mobile e-wallet and e-payment Applications That Allow Users to buy and sell cryptography,

SGPay is a platform that combines virtual currency and fiat into a seamless wallet experience.

SGPay Tokens are built on the Ethereal blockade that complies with the ERC-20 standard. SGPay Token (or SGP in short) is built as a utility token for use on our main SGPay platform. It will be adopted by technology partners and affiliate merchants.

SGPay is built on the Ethereal blockade as it brings benefits such as decentralization, security, transparency and lower transaction costs. It is also the preferred network of blocks from many large companies like Microsoft and UBS which are part of the Ethereal Enterprise Alliance.

SGPay's main platform is a 3rd generation e-wallet and e-payment mobile application that lets users buy and sell cryptography, or make purchases using cryptocurrency and fiat currencies. Our 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 can also choose their preferred payment mode, either in currency or cryptocurrency at selected merchants.

CRYPTOCURRENCIES IN SINGAPORE

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.

CURRENT COMPETITORS

NETSPAR - Paying leaders are gradually embracing a unified payment culture without cash. Their strength is at the vast point of sale (POS) of legacy systems currently numbering more than 37,000 merchant outlets. Their applications also allow users to get special offers from merchants. See above for a chart of how much mobile payments are made in Singapore.

DBS PayLah - This is a bank's payment application by Development Bank of Singapore (DBS) that allows users to transfer funds via mobile phone number. Their app also lets users make and request funds transfers, pay bills and donate money. However, similar to NETSPay, it lacks a wider service integration that will make it more useful for consumers.

CoinHako - The most popular local cryptocurrency wallet that allows users to transfer fiat funds for Bitcoin and Ethereal purchases. However, wallets suffer high prices relative to the rest of the market, some downtime and also the lack of mobile applications.

SGPays aims to put SGPay in the hands of everyone and this can play well from the consumer to the merchant's corner. Because all merchants are consumers by the way but not all consumers are merchants, we believe it's important to drive customer integration beyond just merchant integration.

In addition, merchant integration can be fostered more easily once we have a large user base. The focus of today's payment solution providers providing Point-Of-Sale (POS) systems to merchants is to create a highly saturated market that gives consumers a bewildering array of competitive solutions at the point of payment.

SGPays believes that the future of merchant integration lies in the same applications as consumers who will be using their wallet platform. Such integration also means QR Code will have an important role in play.

Blockchain Capital Pte. Ltd. and its partners will execute mobile strategies primarily to develop assets that can meet market needs.

SGPay TOKEN REVIEW

SGPay Token is an ERC20 compatible token on the Ethereal blockchain. These are promoted and used in 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.

LAUNCH SUMMARY

• Token Name: SGPay Token [SGP]

  • Total Supply: Up to 13.8 million

• Total General Supply: Up to 10 million

• Pre-Contribution Period: 1 Feb to 14 February 2018

  • Pre-Contribution Supply: 2 million tokens @ US $ 0.40 each

• Main Contribution Period: 1 Mar to 31 March 2018

  • Main Contribution Offer: 8 million tokens @ US $ 0.50 each

• Soft Cap: US $ 0.8 million

  • Inferred Market Mark: Up to US $ 4.8 million

• Minimum Contribution

To find relevant details about the current SGPAY project please follow some sources for the following references:

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