Initial Coin Offering companies [ICOs] are developing technologically advanced blockchain assets, products and services. They will at some point, require an equally reliable payment system to enable their users to make purchases with their tokens. Currently, there exists no such system and MoxyOne aims to provide a seamless infrastructure for companies that trade with cryptocurrencies.
The MoxyOne infrastructure aims to allow end-users to utilise their cryptocurrencies such as Ether and others that will in the future be integrated within our system. MoxyOne will also support partner’s tokens. ICOs that want to offer a debit card for their token holders can apply to be a partner and use the MoxyOne infrastructure by white labelling our wallet system.
Our token, SPEND is the backbone of MoxyOne as it will be used for individual transactions and corresponding transaction fees. In addition, SPEND tokens can be used for daily transactions by token holders. We will provide our token (SPEND) holders with a MoxyOne wallet system. This allows users to spend their tokens at merchants or withdraw fat from ATMs around the world. Users will be able to perform various transactions with the MoxyOne wallet such as electronic purchases. By using our tokens, users will enable the circulation of SPEND tokens which will become a valuable asset for users as its value will grow over time.
By using blockchain solutions and payment networks such as COMIT and Raiden Network, respectively, we aim to improve security and speed while still being able to provide ease of use for every user and all involved parties. By doing so, we ensure that there exists a secure system that does not falter like current centralised systems that are prone to attacks and failure.