ICO Review - MenaPay Platform

What is MenaPay?
MenaPay is a Blockchain technology-based payment platform for transactions of residents in the Middle East and North Africa (MENA) region using a stable crypto token named MenaCash. This platform is the first blockchain-based non-bank digital payment gateway to build the world's largest cashless community. This focuses on the MENA region. MenaPay allows users to transfer money in everyday life in a safe, fast and decentralized way.
MenaPay aims to become the most commonly used cryptocurrency in the MENA region, using MenaCash. Focusing on 18 countries and 441 million people, MenaPay brings the mission of being the largest non-bank payment solution using blockchain technology while producing significant returns for investors. The business model that you can review in detail in this paper will create a new standard in the crypto industry by distributing 75% of the total revenue among MenaPay Token Holders. MenaPay Token holders will be at the core of a large community to disrupt the traditional banking system in MENA and will create the most advanced financial system that will cover all regions with structures that are in line with Islam, transparent and decentralized structures.

MenaPay Mechanism
MenaPay focuses on building a large community of consumers and traders who prefer MenaPay as their primary payment method for digital businesses such as e-commerce, and online / offline or traditional P2P transactions for every aspect of daily life, including cross-border P2P transactions. MenaPay can be used in various places, restaurants, coffee shops, shopping centers, gas stations, vending machines; a moment in every possible money transaction activity. Basically, MenaPay aims to be integrated in every possible industry.

MenaCash Token
MenaCash is a stable cryptocurrency MenaPay platform that will be used for daily transactions between 3 dynamics in the system; users, traders and foundations. Transactions between P2P (peer to peer) users, transactions between P2M users and traders (peer to merchant) and approved transactions between traders and the MenaPay Foundation for the conversion of their MenaCash to destination M2F fiat (traders to foundations) will be made possible by using MenaCash . MenaCash will be created on MenaChain's private blockchain to ensure safe and fast transactions between users.
1 MenaCash will always be equal to 1 USD, so users won't worry about the value of money. The exact amount of outstanding MenaCash will be held in several banks so that users can always be sure that their wealth is protected and available in the form of fiat currency.
When creating the MENA region's first blockchain-based payment system, the MenaPay Foundation will collect the necessary funds with the ICO, which is a safe and innovative fundraising method.

1. Total Number of Tokens = 400 Million
2. Available Token = 256 Million (64%)
3. Soft Cap = $ 5 Million
4. Hard Cap = $ 25 Million
5. Payment Methods Received = ETH, BTC, LTC, BCH, WAVES, USD, EURO, WON
6. Format Token = Standard Ethereum ERC-20
7. Don't forget, to join in the ICO period MenaPay visit www.menapay.io.

Conclusion
I think, MenaPay is the first platform in the North Africa and Middle East (MENA) region that offers easy transactions with MenaCash tokens and is supported by web and cellular applications. In addition, the MENA region is predominantly Muslim. Based on this, MenaPay as a payment platform has adopted an Islamic system.

Business partners

Platform roadmap

Information Channel
(website) (telegram) (ANN) (twitter) (facebook) (medium)

Author: Prolumuc23