SGPAY
SGPAY PORTFOLIO
hello good regards this time i will discuss about sgpay project what is sgpay?
sgpay is a wallet app for storing cryptocurrency coins, which is very useful for investors to have a good security system transparency system and very reliable transactions
The company plans to raise $ 4.8 million at the expense of the first medal bid (ICO) for the sale of SGPay tokens in February. SGPay is an ambitious project that will be launched in June 2018 in the "all-in-one" digital wallet market. This is undoubtedly one of the most exciting projects in Southeast Asia that will come on the market this year. Go to the SGPay Official Website for more information about the project and become a member of the ICO.
SGPay Token is produced in accordance with the ERC-20 standard in the ethereal block chain. SGPay Token (SGP for short) was created as a utility programmer that is used as the primary platform in SGPay. Technology will be established and connected by our partners.
Our primary platform SGPay is a third-generation e-wallet and e-payment mobile application that allows users to buy and sell encrypted money or make purchases using cryptographic currencies and flat currency. Our goal is to make SGPay the leading e-wallet and e-payment mobile application for everyone in Singapore and the region. With SGPay, customers can pay for their food, buy cinema tickets, buy books, make flights and much more. In addition, they can choose the payment method they prefer, either the fiat currency or the cryptocracy.
ready Sunday a perfect launch disaster
The graph above shows the trend of mobile payments in Singapore. It is an important pioneer in comparison with other regional markets. Although small, the population of Singapore has shown that it is more willing to accept new trends in both mobile and electronic payments compared to neighboring countries such as Malaysia, the Philippines, Thailand and Vietnam. The reason for this is the mature technology area and the fact that every Singaporean has 3.3 handheld devices, including mobile phones.
The market has not found a truly integrated payment platform that has a mass audience, but it affects that mature base around the world. These include QR code. This trend is emphasized by the bilateral success of AliPayin China and PayTM in India.
NETSPAY - The current leading cashless integrated payments in Payroll are slowly embracing the culture. His strength lies in the point of sale (POS) heritage system, which now has more than 37,000 traders. With the apps, users can also receive special offers from the seller. See above for a chart that shows how big your mobile payments are in Singapore.
DBS PayLah - This is a bank payment request from Development Bank Singapore (DBS), which allows users to transfer money via their mobile number. The applications also offer users the possibility to transfer and request money, pay bills and donate money. Just like NETSPAY, however, a broader service integration is lacking that will make consumers more useful.
CoinHako - The most popular local encryption portfolio that allows users to transfer funds to buy Bitcoin and Ethereum. However, the portfolio suffers from high prices, multiple downtimes and a lack of mobile apps compared to the rest of the market.
SGPay intends to hand over SGPay to everyone and it is good for trading with a consumer. All traders are consumers in one way or another, but it is important that not all consumers are traders, but that is much better to develop customer integration than merchant integration.
In addition, merchant integration can be promoted when we reach a large user base. The focus of payment solution providers on delivering point-of-sale (POS) systems is to create a highly saturated marketplace that offers a series of confusing solutions for consumers.
SGPAY believes that the future of integration with retailers in the same application is that consumers use the platform portfolio. This integration also means that QR codes will play an important role. Blockchain Capital Pte. Ltd. and its partners will first pursue a mobile strategy to develop assets that best meet the needs of the market.
OVERVIEW OF SGPAY
SGPay Token is an ERC20-compatible marker in the etheric block chain. SGPay was promoted and used by the trading platforms and partner suppliers. Holders of a token enjoy different incentives, such as lower transaction costs when purchasing or selling crypto-currency on the SGPay platform.
RELATED PROJECT VALUES
Because of the regulatory environment of friendship, Singapore is a register of block bridge projects. Below is a non-exhaustive list of projects, their current market capitalization and a brief summary. Markers for each of the related projects are listed next to their name. All market capitalisations are correct on December 13, 2017 and will vary depending on market conditions.
- DigixDao [DGD] - $ 275 million in market value, is a gold-backed sign in the Ethereum blockchain. DGD is a value store in the blockchain and their marketer activity took place in 2016, which rose to $ 5.5 million.
- TenX [PAY] - TenX, with a market value of $ 255 million, has been built in collaboration with credit card companies to put crypto-currency on your card. This is done via liquidity providers that manage multiple assets offline. TenX performed the tournament event in June 2017 and managed to earn 80 million dollars.
- Kyber Network [KNC] - Market value of US $ 190 million, Kyber Network is a new system in the chain that makes it easy to change and change digital assets. This reduces the risk of users trading in encrypted currencies. The sale of Kyber Network Crystals succeeded in raising $ 60 million in September 2017.
- SGPay symbol [SGP] - SGPay, which has a full market value of $ 4.8 million, works in SGPay, our third-generation payment portfolio. The creation of the third-generation portfolio aims to integrate crypto-currencies, e-payments and other services in the blockchain.
The development of the SGPay system is already under way. Below is an overview of the separation of project planning. With the expected completion in May 2018, we intend to launch the first version of the system by July 2018.
Phase 1 (2nd quarter 2017) - Prototype Stage
- Prototyping of different user interfaces
- Optimize the best user experience for our application
- Coding of our project preliminaries for our platform
- Search for different liquidity partners for our platform
- Define prototype functionality
- Make prototype goals
Phase 2 (2018 Q1) - Beta + launch first release
- Evaluate and sensitize the prototype
- Debug and user experience tests
- Full system development started
- Full e-wallet functionality and support for 3 currencies
- Incentive algorithm based on the built-in SGPay tokens
Phase 3 (2018 Q2) - Functionality of adding payments
- Initiation of e-payments functionality
- Support for debt / credit cards
- Potential support for more locally developed markers
- Intensive adoption process
- Grounds for creating APIs for partner services
Phase 3 (2019 Q1) - Partner Services API
- Collaborate with various technological suppliers to improve our product use
- This includes merging the insurance company, links with mobile companies and other companies in other sectors
- This opens completely new users for the portfolio of applications and makes it a truly all-in-one platform
SGPay wants to be listed on various exchanges to increase liquidity and increase the potential buy-and-sell of SGPay Token. In this way, our users can more easily get rid of our cash or buy more tokens and allow more liquidity for our microprocessing system that is built into our platform. To achieve this, we work together with liquidity providers.
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author: Andrianebi
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