SCOT-S LINE : SGPay is a platform that combines virtual currency and fiat into a seamless wallet experience

The SGPay Token For Next Payment

SGPay is an ICO project that combines fiat and virtual currency into a seamless wallet experience. This service is one simple platform that allows users to complete a myriad of tasks. Users can use a variety of SGPay services, buy and sell crypto, and make e-payment using their credit card.

SGPay combines tokens and platforms to do just about anything - from debit and credit card payments to fiat and crypto e-wallets - in the same location.

The biggest advantage of SGPay is the ability to manage and perform all your daily transactions using one app. SGPay makes it easy for users to manage some of their background crypto no matter your location and gives you the ability to trade on the platform itself.

Aspect

Crypto Transactions: Local e-wallet that supports crypto the most.

Online Mall: SGPay will work with their trading partners to incorporate them into their ecosystem.

Great Partnership: SGPay will work with industry leaders from all verticals to provide the best choice for their customers.

Stored Balance: Easily send fiat money to other users.

Card Payments: You automatically earn reward points when using their platform.

What is SGPay Solution?

The current problem with E-payment industry is caused by some mechanical deficiencies in the system. First, people can not send money to other users quickly. On average, it can take up to 3 days to send payments using a traditional platform.

Second, E payment can increase the cost at a very high rate. On some occasions, the company will charge up to 10% for each transaction. This can cause some users to become frustrated with the platform and look for better alternatives.

SGPay's solution is to create a platform where users can buy and sell cryptocurrency without having to wait for a long processing time.

And, SGPay gives users more diversity and payment options in Asia and Singapore. This reduces the likelihood of e-wallets gaining monopoly power and setting unfavorable requirements for users.

Finally, SGPay will allow the use of cryptocurrency to make regional payments. Doing so will appeal to users who already know how to use the e-payment application. Now crypto is supported and promoted on popular apps, it will increase.

Singapore made a great launching pad for the development and implementation of the SGPay function. Many payment providers have ignored Singapore as a potential market because of its relatively small market size. However, they fail to recognize Singapore's ability to quickly adopt innovative technology due to its highly educated workforce and tech savvy population. Singapore is also the leading financial center of Asia with one of the highest GDP per capita in the world. The Singapore government recently advocated a national push for e-payment that will increase investment and acquisition opportunities in the sector.

Push Towards E-Payment In Singapore.
Singapore has the "right materials" to be the Smart Nation, but lags behind other cities in certain regions such as electronic payments, Prime Minister Lee Hsien Loong said.

A payment system that integrates new technologies and trends like crypto that have a greater chance of generating a unique proposition versus the current market.

QR Code Payments are also shown as the center of attention. A newly formed payment board, set up to find ways to advance electronic payments in Singapore, has created a special task force to develop a common QR code for Singapore (SGQR) that can be used for widespread e-Island payments. The task force aims to introduce a standard QR Code that can be used by any payment application so that confusion can be avoided among Singapore Monetary Authority consumers (MAS) has advocated purely for true 'moneyless societies'.

Ready Market - The Perfect Launch.

The chart above highlights the trend of mobile payments in Singapore - which has held a huge advantage in other regional markets. Despite its small size, Singapore's population has shown a much higher readiness to accept new trends in both mobile and electronic payments compared to neighboring countries such as Malaysia, the Philippines, Thailand and Vietnam.

Cryptocurrencies In Singapore.

Singapore has quickly emerged as the preferred crypto center. Technology-friendly status, government grants and accommodative establishment of Initial Coin Offices (ICO) have made it a favorite for film-makers coming to Singapore. MAS also takes an accommodative approach where compliance and security regulations apply when considering specific rules for future implementation.

A Factor Award.
Our drive to build a '3rd generation' wallet is highlighted by the 3 factors above :

The government's push towards e-payment and 'cashless' society will provide much needed public infrastructure and support for our platform.
The absence of a current payment platform that is appropriate or close to AliPay's success in China and PayTM in India.
MAS's regulatory approach to Crypto in Singapore that will assist in general acceptance and adoption of driving on our platform.

Current Competitors.

NETSPAR - Incumbent leaders in the payments sector are slowly embracing a unified payment culture without cash. Their strength is at the vast point of sale (POS) of legacy systems currently numbering more than 37,000 merchant outlets. Their application also allows users to get special offers from merchants. See above for a chart of how much mobile payments are made in Singapore.

DBS PayLah - Bank payment application by Development Bank of Singapore (DBS) that allows users to transfer funds via mobile phone number. Their app also lets users make and request funds transfers, pay bills and donate money.

CoinHako - The most popular local cryptocurrency wallet that allows users to transfer funds to buy Bitcoin and Ethereal. However, his wallet comes from a high price compared to other markets, some downtime and also the lack of mobile apps.

SGPAY - CREATE WALLET 3RD GENERATION

Great Promise in the Payment Sector E

The E-Payments industry promises a lot for companies that are able to secure a firm footing in the marketplace. Cue assessment case for MC Payments - which was recently earned for US $ 59 million (S $ 80 million)

This sector holds great promise as the next milestone for the industry which will be the 3rd generation wallet platform that hosts payments, cryptococcal transactions as well as integrated services.

Relative Project Values

Singapore has become a hotbed of the blockchain project due to its regulatory environment. The following is a list of incomplete projects, current market capitalization and also a brief summary.

DigixDao [DGD] - Market Capitalization of US $ 275 million

A gold-backed token built on the Ethereal blockade. DGX is a value store on blockchain and their token event takes place in 2016, garnering US $ 5.5 million.

TenX [PAY] - Market Capitalization US $ 255 million

TenX is built in partnership with credit card companies to include crypto in your card. This is done through a liquidity provider that handles many assets. TenX held their token event in June 2017 and successfully increased $ 80 million.

Kyber Network [KNC] - Market Capitalization US $ 190 million

Kyber Network is a new system that is on-chain and enables the ease of conversion and exchange of digital assets. This reduces the user's risk when trading crypto. Sales of Crystal Network Kyber managed to collect US $ 60 million in September 2017.

SGPay Token [SGP] - Market Capitalization US $ 4.8 million [At Full Allocation]

SGPay works in the SGPay 3rd generation payment wallet. The creation of a 3rd generation wallet aims to integrate crypto, e-payment and other services on blockchain.

Problem

Solution

The introduction of SGPay and its token helped solve this problem and encouraged crypto growth in Singapore and Asia. The main benefit of this Improvement is the early adopter of cryptourrency.

First, SGPay is an e-wallet that allows users to buy and sell cryptocurrencies. It has an inbuilt incentive system that provides lower transaction costs to users who hold more SGPay tokens.

Full Feature Set

Accessible from mobile devices on Android and Apple iOS
Tokens are decentralized in blockchain
The 'Cold-Storage' style wallet protects up to 99% of the crypto assets stored with us
Support for transactions involving cryptocurrencies such as SGPay Network Token, Bitcoin, Ether
Support for deposit / withdrawal of Singapore Dollar
API is built to support exchange of traders and users
Full access for users above their private key (platform will not save key)
Support for debit and credit cards during the e-payment phase
Deep integration with industry leaders from the fields of Insurance, Travel and other fields
Monetized reward system built into platform
Supports for locally developed cryptocurrencies such as Kyber Network Crystals, Zilliqa Tokens and more.

Review Token

SGPay Token is an ERC20 compatible token on the Ethereal blockchain. These are promoted and used in SGPay, related business platforms and partner merchant outlets. Token holders enjoy various incentives such as low transaction costs when purchasing or selling crypto on the SGPay platform.

Launch Summary

· Token Name: SGPay Token [SGP]

· Total Provide: Up to 13.8 million

· Total General Supply: Up to 10 million

· Pre-Contribution Period: 1 Feb to 14 February 2018

· Pre-Contribution Offer: 2 million tokens @ US $ 0.40 each

· Main Contribution Period: 1 Mar to 31 March 2018

· Supply Main Contribution: 8 million tokens @ US $ 0.50 each

· Soft Cap: US $ 0.8 million

· Implied Market Mark: Up to US $ 4.8 million

· Minimum Contribution: 1 ET

· Maximum Contribution: 100 ETH

· Currency Received: Ether (ETH)

· KYC / Whitelisting: Yes

Token Properties

Initial Limited Public Supply up to 10.000.00
Fixed Supply Forever (No fluctuations)
Token utility on our platform. As adoption increases the token value increases as supply is limited.

Budget allocation

The development of the SGPay system is already under way. Here is an overview of project planning. With an estimated completion in May 2018, the plan launches an early version of the system in July 2018.

Roadmap