MENAPAY: THE DEPENDABLE ALTERNATIVE TO TRADITIONAL PAYMENT SYSTEM

adeyod (42)in #menapay • 7 years ago

INTRODUCTION

Inhabitants of the Middle East and North Africa maintain Islam. In this respect, most of government offices, including keeping money organizations, rely upon the impact of this faith. According to the groups of religion:

individuals can't gain pay with interest;each assention must be within the sight of no less than 2 witnesses;Receiving easy revenue is conceivable just on the off chance that you put resources into a genuine business.

Every one of these decisions, which are regarded by 97 percent of the occupants of the districts recorded above, contrarily influence crafted by budgetary organizations and e-commerce. In different words, inhabitants of these nations can't utilize bank cards or portable applications to pay for merchandise and ventures.

Nonetheless, in spite of this, numerous individuals in the Middle East and North Africa bolster the utilization of Blockchain technology. The purpose behind the uplifting disposition to this technology is that it requires the interest of somewhere around 3 individuals to affirm every activity, which meets the necessities of Islam.

That is the reason, so as to guarantee the ordinary activity of web based business in nations with Muslim confidence, it was chosen to make the MenaPay framework.

Goal of the task

The primary objective of the engineers is to guarantee the likelihood of utilizing virtual money to pay for products and ventures in the nations of the Middle East and North Africa.

Guideline of activity

Connection on this stage will be completed between normal clients, retailers, organizations occupied with the arrangement of administrations, just as official resellers. At a similar time, so as to end up an individual from the MenaPay stage, every one of them should experience the enlistment procedure and give all the fundamental documents. Only in the wake of leading a consistence check will members be incorporated into the framework's work.

Enrollment of customary clients will be completed utilizing a cell phone and will be accessible just to people more than 18 years of age. Later in the framework will be actualized a parental control framework, enabling you to discard the way to youthful youngsters.

Totally all tasks on the system will be performed utilizing the inward cash of the MenaCash platform. This money, in contrast to most current cryptocurrency resources, will be steady, and its esteem will dependably be 1 US dollar.

This virtual cash can be utilized for the accompanying kinds of activities:

P2P;P2M;M2F.

Because of the utilization of technology Blockchain tasks utilizing this advanced money will have rapid and security.

The second stage token will be MenaPay. This token will be sold as a major aspect of ICO. Owners of this coin will have the capacity to benefit from the work site. However, it ought to be noticed that when utilizing MenaCash coins, shippers, affiliates and standard clients will likewise be allowed the chance to get MenaPay tokens, regardless of whether they didn't already possess the coins.

ICO Dates and Details

Inside the system of ICO, 256 million coins will be sold, which is 64 percent of tokens from the all out issue. The beginning of open deals is planned for February 2019. The expense of the first coin will be 1 dollar.

Softcap venture - $ 5 million, hardcap - $ 25 million.

The appropriation of tokens and assets is as per the following:

Conclusion

Considering the way that, in contrast to the customary managing an account foundations, the Blockchain technology is upheld by the Muslim confidence, it is sheltered to state that the MenaPay framework can undoubtedly enter the day by day life of individuals in the Middle East and North Africa. Another actuality for this announcement is that the principle office of this venture is situated in the UAE, which thus is the way to an effective start. Also, unique consideration ought to be paid to the group of onlookers of this task, which is ensured to utilize the administrations of MenaPay.

On the off chance that we focus on the way that most of the stage's incomes will be dispersed between the proprietors of the MenaPay tokens, it turns out to be evident that putting resources into this undertaking is entirely productive.

TOKEN DETAILS