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

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 third-generation mobile e-wallet and e-payment 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.

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

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.

* 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

* Implied Market Cap: Up to US $ 4.8 million

* Minimum Contribution: 1 ETH • Maximum Contribution: 100 ETH

* Accepted Currency: Ether (ETH)

* KYC / Whitelisting: Yes

SGPay TOKEN properties

The properties of the SGPay tokens are as follows:

Initial Limited Public Supply up to 10,000,000

Supply Supply Supply (No inflation)

SGPay Token is built on the Ethereum blockchain in accordance with the ERC-20 standard. The SGPay Token (or SGP in short) is built as a utility token to be used on our primary platform SGPay. It will be adopted by our technology partners and affiliated merchants.

Primary platform SGPay may be a third generation e-wallet and e-payment mobile application that enables users to shop for and sell cryptocurrencies, or build purchases exploitation each cryptocurrencies and act currencies. Team objective is to form SGPay the leading e-wallet and e-payments mobile application for everybody living in Singapore and also the region. Customers are able to procure their groceries, purchase picture tickets, book flights and additional with SGPay. they’ll even be able to choose their most well-liked mode of payment, either in act currency or cryptocurrency at designated merchants.

SGPay and its tokens helps to resolve these issues and promote the expansion of cryptocurrencies in Singapore and Asia. the last word beneficiaries of this improvement ar the first adopters of cryptocurrency.

Firstly, SGPay is associate e-wallet that enables users to shop for and sell cryptocurrencies. it’s associate integral incentive system that awards lower group action fees to users WHO hold additional SGPay tokens. SGPay can permit its users to additionally build transactions exploitation its tokens, and to procure added services on the platform.

Secondly, the addition of SGPay into the payments scheme additionally provides users larger alternative and variety for payments in Singapore and Asia. there’s a lesser chance of anybody e-wallet gaining monopoly power and imposing unfavorable terms on users.

Thirdly, SGPay can advocate the utilization of cryptocurrency for payments regionally. This creates a additional acquainted setting for users WHO ar already snug with exploitation e-payment apps. currently that cryptocurrencies ar promoted and supported on a preferred payments application, the utilization of them can increase correspondingly.

Further information:

Website: https://www.sgpay.org/

Whitepaper: https://www.sgpay.org/sgpay-whitepaper-final.pdf

Author (iyanfoursix46): https://bitcointalk.org/index.php?action=profile;u=1061980