What's SGPay?
SGPay is a 3rd generation payments system built for the mobile platform. It aims to combine blockchain technology, a plethora of service providers and next generation e-payment systems – all in a single platform.
South East Asian payment solution provider SG Pay have announced that they are conducting an airdrop of their own via their Telegram channel and bot. The first 10,000 people who interact with their Telegram bot will be rewarded with a (currently unknown) number of SGP tokens, which are set to be worth roughly $0.50 USD at the end of their ICO.
To be entered into the airdrop all you have to do is use the link in the table below to go straight to their telegram bot and send a message with “/start” or click the start button if it appears. When you do so you will be prompted to enter your Eth wallet address and join the main Telegram chat channel. Make sure you stay in the channel until the end of their ICO and post every now and again to stay within contention for the airdrop.
As briefly touched upon above, SGPay are a company offering to produce a payment solution for people within South East Asia. The way in which they propose to offer a payment solution is by allowing users of their platform to make e-payments via a credit card using their crypto currencies.
To add to the promised ability of their proposed card they are also offering an app which will have functionality to track your entire cryptocurrency portfolio while also earning you rewards for using their system when shopping with their partners.
Another benefit to add the proposed rewards and tracking systems mentioned SG Pay are claiming they will have better diversity than other wallets by allowing you to track more currencies than the competition.
The SGPay Token is a brand compatible with ERC20 on the Ethereal blockade, e-wallet and e-payment platform 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 either in currency or cryptocurrency in selected merchants and incentives such as low transaction costs when buying or selling crypto on the SGPay platform.
Harnessing the Booming Mobile Payments Field in Asia
SGPay will be riding on 2 significant uptrends – the exploding mobile payments market and the emerging cryptocurrency market. By using Singapore as its base, SGPay will expand outwards to the greater Southeast Asia region, reaching tens of millions of new users.
*For institutional and/or large contributors – please contact us directly at hello@sgpay.org*
• Token Name: SGPay Token [SGP]
• Total Supply: Up to 13.8 million
• Total Public Supply: Up to 10 million
• Pre-Contribution Period: 1st Feb to 14th Feb 2018
• Pre-Contribution Supply: 2 million tokens @ US$0.40 each
• Main-Contribution Period: 1st Mar to 31st Mar 2018
• Main-Contribution Supply: 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
• Accepted Currencies: Ether (ETH)
• KYC/Whitelisting: Yes
ROADMAP
The development of SGPay system is already in progress. Following is an overview of the project planning breakup. With its expected completion by May 2018, we are planning to launch the initial version of the system by Jul 2018.
Phase I (2H 2017) – Prototype Stage
• Prototyping different various user interfaces
• Optimizing the best user experience for our application
• Coding the wireframe for our platform
• Seeking of various liquidity partners for our platform
• Defining prototype functionality
• Establish prototype objectives
Goal: To create a seamless, secure, yet expansive prototype that has the ability to add
much more functionality into the platform in future
Phase 2 (1H 2018) – Launch of Beta + Initial Release Version
• Evaluate and refine prototype
• Debugging and user-experience testing
• Full systems development initiated
• Full e-wallet functionality and support for 3 currencies
• ‘Incentive’ algorithm based on SGPay Token built-in
Goal: Launch of a bug-free, excellent mobile application with e-wallet functionality
built-in together with sufficient liquidity and transaction rewards based on the amount
of SGPay Tokens being held by each customer
Phase 3 (2H 2018) – Addition of Payments functionality
• Launch of e-payments functionality
• Support for debit/credit cards
• Potential support for more locally developed tokens
• Intensive Adoption Drive
• Lay groundwork for creation of APIs for partner services
Goal: Addition of e-payments functionality such that the platform can reach out to a
the much bigger pool of people and to expedite the growth of our user base
Phase 4 (1H 2019) – Partner Services API
• To partner with various technology providers to enhance the use cases of our product
• This will include insurance company tie-ups, mobile company tie-ups and partnerships with other big firms in other sectors
• This will open up whole new users to our wallet application and make it a truly all-in-one platform
Eventually, SGPay will evolve into an All-In-One (AIO) platform that will rival the
functionalities of AliPay in China and/or PayTM in India. This will bring up our current
initial valuation exponentially.
SGPay TEAM
For more Informations:
WEBSITE | FACEBOOK | TWITTER | TELEGRAM | BITCOINTALK | WHITEPAPER
Author: idup
Profil link : https://bitcointalk.org/index.php?action=profile;u=1826813
ETH: 0x162b4862c2Aa74eB272974EdF91B754a57A5f01e
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