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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 I think we all know how secure blockchain technology is. |
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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? |
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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. Following regulations is always advisory; to avoid unnecessary legal battles |
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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/menapayYeah, the MenaPay group is really helpful |
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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 It's good to have offices at least in the areas you operate. Good one 👍 |
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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. The 25 million USD 8f raised, should be enough to cover the cost of this 👆 |
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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. I don't think we can overemphasise the importance of ICOs |
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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. Using an unstable coin or token usually results in failed projects, which I see Menapay working to prevent |
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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 At least we know that these are quite stable in value.. |
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The ICO is scheduled to end by march
Precisely, if everything goes as planed Which from all indications I'm quite sure it will 👍 |
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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 I'm quite sure menapay will hit the hardcap with the public sales starting soon. |
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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.. Surely, the number of users would grow and menapay would have no excuse not to expand |
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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 Credible board members I presume, |
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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 I think everyone in the crypto world an vouch for the Ethereum blockchain. |
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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 They are really spread around Asia. Nice one from menapay |
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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. You know, security is something all crypto users really look for. No one wants to lose tokens or funds to fraudulent persons. |
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What is the total supply of menapay tokens and why was its chosen at that number?
The total number of tokens are 400 million however the number was chosen for strategic reasons  I think this is a good number of tokens to work with 👍👍 |
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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 I just confirmed this from their official site |
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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. So basically, MenaPay is a payment gateway and MenaCash is a stable cryptocurrency. Nice 👍 |
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What is menapay core business ?
MenaPay is an Islamic finance compliant platform that allows P2P transactions on blockchain, with very low transaction fees and a seemless payment application. The low transaction fee is definitely eye-catching 👌 |
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