ICO KYC Report
2 members invited
About Menapay
MenaPay is the first blockchain based non-bank digital payment gateway for building the biggest cashless society in the world. It focuses on the MENA region primarily.
MenaPay allows users to transfer money within daily life in a secure, fast and decentralized way.
MenaPay focuses on MENA as its primary market. It is fully compliant with Islamic finance rules which are very important in the region to provide a convenient and trustable digital payment solution. Blockchain technology meets the requirements of Islamic finance rules about money transactions between parties and earnings from the investments.
Three major statements in Islam are highly important in the region: Interest is prohibited. People can not generate profit via interest.
There should be at least 2 witnesses to approve any debt transaction between 2 parties. Earning money via money is allowed if and only if people invest in a real working business and/or asset.
Ratings
Miruna-Maura Barbulescu
Entrepreneur, Author and Marketing Specialist
Rated on Nov 29, 2018
Modified on Dec 6, 2018
Rated on Nov 29, 2018
Modified on Dec 6, 2018
5
5
5
21%
It seems that I am here to break the ice with the first expert rating on this interesting project.
After taking a look over the Menapay project, I can see that they have the optimum number of team members and they look well prepared for the job. Their designated team also passed the KYC on Ico Bench and this is a good sign.
Their vision is original and courageous as they planning to be the pioneers of blockchain-based payment gateway in the Middle East and Africa.
After my previous review, their team has contacted me and sent the full WhitePaper and product updates for me to analyze in order to provide a proper rating.
I have read their WhitePaper, it seems there are some errors with the WP they have uploaded on ICOBench and they are working on fixing them. The WP on their Website is also working now. I can always be happy when I can help projects better themselves.
After analyzing the information they have provided me, I am confident that Menapay is a project with a great potential and an outstanding product that will come to the market in the future. Their team also proved their dedication by spending time to provide me all the required information. So a big thumbs up for that!
+1Agree
+1
Disagree
Report
Gaurav Areng Chakraverti
Entrepreneur, Marketing Advisor, ICO Advisor
Rated on Dec 12, 2018
Rated on Dec 12, 2018
5
5
3
20%
The company's vision is extremely positive and they're aspiring towards something really great. It doesn't sound like an easy feat to achieve, but these are specifically the kinds of projects that I personally feel are instrumental in our hope for institutional and enterprise-level, or even government-level adoption tomorrow. So this is definitely a project that would do a lot of good if successful. The team seems strong enough to take on the task, but only time will tell how effectively.
With regards to the product, this is, at the end of the day, just a cryptocurrency. And there's no prototype currently available for how effectively and efficiently it can be used. Will be awaiting updates here.
Do wish you the best of luck. Overall, this looks like a well thought out, organized effort and it would be good to see this succeed.
Agree
0
Disagree
ReportExperts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.
Ratings and ICO analyzer results are being updated (re-calculated) every few hours.
Press Releases
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Team
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Financial
Token info
Token
MPAY
Platform
Ethereum
Type
ERC20
Price in ICO
0.1650 USD
Tokens for sale
256,000,000
Investment info
Accepting
ETH, BTC, LTC, BCH, Fiat
Distributed in ICO
64%
Soft cap
5,000,000 USD
Hard cap
25,000,000 USD
Milestones
1
February 2018
1st Round capital Team Building.
2
April 2018
Product Development Start Tokenomics.
3
June 2018
ICO Web Site Live Foundation Establishment.
4
July 2018
50 Merchant Integration.
5
October 2018
Mobile App Beta Test Ready.
6
November 2018
MenaCash Transaction Tests.
7
December 2018
Merchant Tools Launch - API & SDK.
8
January 2019
Pre-ICO Start & Mobile Payment Apps Launch.
9
February 2019
ICO.
10
April 2019
Listing on one of the top 10 Exchanges.
11
May 2019
Ne Security Feature: Face Recognition.
12
July 2019
Reaching 5 offices in MENA Countries.
13
August 2019
500 Merchant Integration.
14
September 2019
Reaching 5 million MenaPay Users.
15
October 2019
Parental Control for Family Accounts.
16
November 2019
MenaPay in Asian Countries and reaching 1.000 Merchants.
17
December 2019
Advanced AI Features: P2P Lending Payment Installment.