ABCC will add a new cryptocurrency, MPAY, for trading on 12:00, Jun 01, 2019 (UTC+8). This will increase our trading pairs to include MPAY/BTC.
Get ready to start Trading MPAY and experience our full range of services.
In the blockchain ecosystem, a token represents a fungible or tradable asset or a utility on a blockchain. MenaPay Token is a utility token which will be issued with a limited number of 400 million. 64% (256 million) of the total tokens will be owned by the public. MenaPay Token is used for mining purposes from the reserve by 2 ways:
-Peer to merchant (P2M) transaction in Menapay payment app
-MenaPay token staking
We apply this process via “Green Mining”. MenaPay token holders have the option of staking their tokens and earning more tokens according to the amount of staked MPAY.
MPAY will be buy-backed from exchanges after the listing to fill the Green Mining reserve using 75% of the revenue of the Menapay payment app.
Total Supply: 400 million MPAY
MenaPay is the first blockchain based non-bank digital payment gateway for building one of the biggest cashless societies in the world. It focuses on the MENA region primarily. The target market has over 440 million people whom are 84% unbanked due to religious beliefs and are eager to use a trustable Islamic compliant alternative to the banking system. MenaPay allows users to transfer money within daily life in a secure, fast and decentralised way.
The are surpassing the banking solutions by creating a digital transformation in the region by digitalising cash. It will enable mobile and online payments in the region, replacing cash and cash-on-delivery systems. Additionally, they are solving the monetisation problem of the online world and helping to boost the revenue of businesses which are integrated with MenaPay.
MenaPay has similar features with AliPay and WeChatPay including payment with QR code, barcode, merchant dashboards and integration APIs. Within MenaPay,
MenaCash is used for the everyday transaction purposes as its stable cryptocurrency which is 100% backed by USD. On the other hand, the major difference comes with the reseller network. Users can top-up their MenaPay wallets through the resellers such as PC Cafes, Jewellery Shops, Exchange offices, book stores and gas stations. We’ve already reached over 40.000 reseller points in the region which will help the digital transformation of cash.
Thank you for your support!
You should be aware that cryptocurrencies are subject to high price-volatilities. You are solely responsible for determining whether any investment, investment strategy or related transaction is appropriate for you based on your investment objectives, financial circumstances and risk tolerance. ABCC reserves the right to rescind and terminate our services to users in countries and jurisdictions where relevant laws and regulations apply.