SGPAY A WALLET FOR EVERYONE

SGPay is a platform that combines virtual currency and fiat into a seamless wallet experience.
SGPay emerged as a 'third generation' e-wallet and e-payment with the goal of building unique unique selling propositions (USP) through integrated services and through partnerships with technology innovators and traditional companies. SGPay is also exploring possible partnerships with at least one local bank. The SGPay developers themselves believe that traditional money still has a place next to cryptocurrencies and partnerships will give more value to consumers in general. The integration of traditional sectors of the insurance industry, general retail, transportation, travel and leisure on the SGPay platform will generate more support and potential revenue than the outdated payment model. This brings SGPay to the relative valuation of blockchain projects 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.

SGPay aims to put SGPay in the hands of everyone and it 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.

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.

CURRENT COMPETITORS

They are as follows:

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

•  Key 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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MY PROFILE:

https://bitcointalk.org/index.php?action=profile;u=1817511

MY ETH ADDRESS:

0xE43De7C7101F40d4091a27C41E30eD5B4Da377fc