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If am to getting you right, your team is saying menacash will be backed in USD, right?
how can you assure transparency of the USD accounts?
Transparency will be quite easy, since menapay will be using blockchain technology |
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Like you said you have two tokens right? The stable token is called menacash, am I correct? What's the total number of menacash?
. Yes, we have two tokens. The Menacash doesn't have a fixed amount. It will be issued according to demand. The more it is being demanded, the more it is being issued right? Certainly 👍 |
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Like you said you have two tokens right? The stable token is called menacash, am I correct? What's the total number of menacash?
. Yes, we have two tokens. The Menacash doesn't have a fixed amount. It will be issued according to demand. |
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What is your take on regulations? And how do you plan to deal with it?
MenaPay Foundation recommends and follows the regulations if there is any. |
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What blockchain is the Menapay tokens built on? And why?
MenaPay is built on the Ethereum blockchain and this is because the Ethereum blockchain is the most widely used blockchain and it has been proven to be very secure in its application maybe this is a good choice for the project, I myself haven't been monitoring this project for a long time, because a lot of important information from the project was running, I didn't know it, does it reach the sofcap now? Yes menapay has been able to successfully reach its soft cap can you explain how much has been achieved? is it still a long way off, and my last question is when will the ico program end because it's clear I see a long time running Menapay public sales will start February 15th, if you want a detailed discussion, you can join our telegram group. www.t.me/menapay |
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Which countries do you plan to open your new offices and why do you consider such locations?
We would open offices in Bahrain, Riyadh and Cairo considering the population and wealth status |
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I see you have planned to raised up to 25 million dollars, is this correct and why?
Yes, it is very correct.. We are planning to acquire 1,000 merchants and open 5 regional offices in MENA region with the funds raised. |
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Why did you choose an ICO to raise funds, why not through another method.?
An ICO is the fastest way for MenaPay to mobilize opinion leaders and generate the necessary funds. |
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What makes menapay different from other blockchain projects?
Menapay is far different from other payment blockchain projects, most of them don't use a stable coin like menapay. |
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We all know of the unstability of the crypto Market currently, in what currencies will you back up the funds collected from Ico?
Funds will be kept in the value of Gold, bitcoin and ethereum |
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When will the Ico end?
According to the set road map, the ICO should end in March, 2019 |
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What is the Softcap and Hardcap of this project?
Softcap is placed at 5 million USD while the hardcap is placed at 25 million USD |
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I have taken a close look at the project menapay.
I noticed that you are only focusing on the Mena region why is that?
When the system and the user number grows it will be global and by the end of 2019 we plan to open offices in Asia and rest of the world, but at the moment we are focusing on the MENA region. |
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I checked out your team on the website?
I believe your CEO is missing, why is that?
Well, Menapay doesn't have a CEO. Instead they have a managing director and a board of members |
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What blockchain is the Menapay tokens built on? And why?
MenaPay is built on the Ethereum blockchain and this is because the Ethereum blockchain is the most widely used blockchain and it has been proven to be very secure in its application |
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Where is the Headquarters of menapay located and how many offices does menapay have currently?
The Headquarters is in Dubai, in the United Arab Emirates. They also have offices in Istanbul and Ankara in Turkey, and in Manama in Bahrain. They have a total of about 4 offices |
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Why will the Menapay platform be faster, better and easier to use than other platforms?
The Menapay non-banking mobile payment app has higher security for users, very easy to use with its advanced UI design in Arabic language and has the payment option via QR codes or barcodes between users and merchants. |
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What is the total supply of menapay tokens and why was its chosen at that number?
Total token supply is 400 million, and this number was chosen after much deliberation and analysis |
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What is the Ico price and when will it start?
ICO price is 0.165 USD, and public sales will begin in February 2019 |
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Can you give me some differences between MenaPay and Menacash, I want to understand more?
MenaPay is a revolutionary payment gateway supporting the digital transformation of the Middle East and Africa regions. MenaCash on the other hand, is a US dollar backed stable cryptocurrency on a super fast and distributed private blockchain designed t9 be used in every aspect of daily lfe transactions. |
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