[ANN] [ICO] SALPay TOKENS: Making Payroll and Remittances cheaper, safer, faster

[EdGutierrez]

SALPay Tokens ICO

Hi everyone,

I'm Ed, from Salarium.

Salarium is a payroll and e-banking platform that already provides services to hundreds of companies, and over 10,000 employees. Most of these employees already use SALPay, our debit MasterCard paired with an e-wallet. We provide banking services to Filipinos that no other banks can.

Most of our customers (about 50%) are BPOs, so they receive their money from countries abroad. Filipinos get paid twice a month, so the costs of sending the money every 2 weeks through traditional banking are incredibly costly. Not to mention that, once they get their money in the Philippines, they will have to transfer it into our e-wallet ecosystem to pay their employees!

SALPay Tokens solve this problem, that our clients have been asking about. In fact, when we released the first information about our ICO, several of our clients reached out to us to try it as soon as they can!

And SALPay Tokens don't only help us with that: Our currency will also help us tap into the remittance business, which is huge in the Philippines (overseas Filipinos send around USD26 billion every year, and growing). We can help them send their money straight into an account with a MasterCard, ready to spend or cash out.

With Smart Contracts, we will also be tapping into the freelancer market, putting the money in escrow and using our time and work-tracking tools to send the payment to the freelancer as soon as the work is done, or back to the employer if the contract hasn't been honored.

We're all very excited to be introducing Crypto into our existing ecosystem, and we hope you will too.


ICO SUMMARY

SAL Description
SAL goal is to make fund transfers for salary and remittances cheap, fast and secure using the Ethereum Blockchain technology
  
Ticker Symbol
SAL

Start of Pre Sale
22nd November 2017
  
End of Pre Sale
26th November 2017
  
ICO Start Date
27th November 2017
  
ICO End Date
31st December 2017
  
Air Drop/ Delivery Date
31st January 2018
  
Token Price
1 SAL equals 0.40 USD
  
Total Tokens
100M
  
Minimum Contribution Amount
0.1 ETH or equivalent in BTC
  
Percentage of all tokens offered to public
60% (10% Presale 50% ICO Phase)
  
Percentage of Tokens for Seeding Exchanges
10% (Exchange loan for liquidity)
  
Percentage of Tokens for Bounty
10% (For Fair Reviews and Videos)
  
Percentage of Tokens for Shareholders and Staff
20% (Lock in period of 6 months for all Salarium full time employees)
  
Soft Cap for ICO
10M (Refunds to participant if goal not met after 22nd December 2017)  
  
Project Status
In Beta  
  
PreSale Bonus
5%
  
Accepted Currencies for ICO
BTC/ETH

Our website (https://ico.salpay.com) just went up, so join us! You can read our whitepaper (currently in English, Chinese, and Japanese), join our Telegram (https://t.me/SalPay) and Slack (https://slack.salpay.com/) channels, check out our YouTube videos (https://youtu.be/TwQ9mLkL6Q0), or access our bounty program (https://youtu.be/hLLnyVQ-_SI) to spread the word.

 We're looking forward to seeing what the bitcointalk community's thoughts are, and we'll be here to be an active part of the conversation.

 All the best,
   Ed

[EdGutierrez]

What are the investment opportunities? Is it bitcoin and eth only? Or could I directly pay with fiat as well? 

We're definitely accepting fiat during our Pre-sale. All the information will be sent to you when you sign up through our site (https://ico.salpay.com)

[Fadzster]

Bounty Program!

https://www.youtube.com/watch?v=hLLnyVQ-_SI&t=2s

[EdGutierrez]

Bounty Program!

https://www.youtube.com/watch?v=hLLnyVQ-_SI&t=2s

That's correct! Feel free to send your reviews, everyone! Looking forward to hearing from you!

[Gretch30]

Hi Ed,

I was asked yesterday if what is my motivation in buying Sal Tokens. If this is for investment or (i forgot the other one)  But i guess it is something to do with the remittances etc. But for me, I would like to try this as an investment. Honestly, i didn't try cryptocurrency yet but i have a background with other investment types here in the Philipppines. I believe that this is being traded also in a exchange, so i would like to know the exchange where i can  see the historical performance of ETH and where can I avail this? I trust for your reply the soonest. Thanks.

[EdGutierrez]

Hi Ed,

I was asked yesterday if what is my motivation in buying Sal Tokens. If this is for investment or (i forgot the other one)  But i guess it is something to do with the remittances etc. But for me, I would like to try this as an investment. Honestly, i didn't try cryptocurrency yet but i have a background with other investment types here in the Philipppines. I believe that this is being traded also in a exchange, so i would like to know the exchange where i can  see the historical performance of ETH and where can I avail this? I trust for your reply the soonest. Thanks.

Hi Gretch,

 Thanks for your message!

 The plan is all detailed in the whitepaper, here: https://ico.salpay.com/wp-content/uploads/2017/11/SALPay-Tokens-Whitepaper-Ver-3.1-1.pdf

 And you will certainly be able to check the growth of our currency, post-ICO. There are many important advantages for our ICO, and if you bought during the pre-sale, you already have one (the 5% bonus)! Some of the main advantages that we have versus other ICOs:

- There's no barrier to enter for us. Many cryptos' value depends on user adoption. For us, the users are already there, and growing; we're building this for them.
- We solve 3 problems that are quite evident (BPOs salaries, freelance payments, and remittances), and the volume is considerable in all of them.
- We already provide banking services, and have distributed thousands of cards, so providing that to our customers is just our bread and butter.
- Many ICOs are projects. Very good ones, sometimes, but projects can be volatile. In our case, however, we are an established company, and we're not going anywhere. Our ICO is just a piece of the puzzle.
- To top it all off, SALs provide you with a reward in ETH monthly.

  I hope this helped. Feel free to let me know if you have any other questions!

[LieXurui]

what do you mean open bounty program explain use youtube video
why not create thread, write in here or explain and write in youre site

[MODIGO]

Do you have ru Telegram?

[EdGutierrez]

what do you mean open bounty program explain use youtube video
why not create thread, write in here or explain and write in youre site

 Hi LieXurui, thanks for your comment! I will create a new thread for this as well, but here's some more info:

 Our bounty program is targeted to people who have blogs, video blogs, and review ICOs or cryptocurrencies. We have put aside 10% of the total tokens for people that will write a fair review of our ICO.

 Basically, you send us a review article to see that it's a proper review, and we will give you SALs for it. You share info about us in crypto channels? You get more SALs. We are looking for people to help us spread the word about what we're trying to do.

 If you're interested, you can send a writeup to: f.yusof@salarium.com

 He'll review, and set aside your SALs (as long as it's a proper write up, we don't want spammers).

 Once you've proven you know what you're talking about, you can make another article or video blog with your opinion about:
       1) Initial impressions of the ICO
       2) Quality of Materials released (White Paper, Videos)
       3) Is our Value Proposition clear? Why?

 And for that you will get more SALs. After that, you can get more by doing any of these things:

     ● 1st 3-minute video on Salarium ICO video review on Youtube before Pre-Sale
     ● Pre-ICO announcement video on FACEBOOK of Channel
     ● 2nd 5-minute Video on SALARIUM ICO during Pre-Sale
     ● Share video on Crypto Channels
     ● Discuss ICO Token on Salarium Reddit Channel
     ● 3rd 3-minute video on ICO during Sale Period

 I hope this helps. Feel free to ask me any other questions!

[EastSound]

I just read a few days ago that SEC will be reviewing and treat ICO as a security token will the ICO be undergoing KYC?

http://www.manilatimes.net/regulators-eye-wider-virtual-currency-use/364344/

also, i dont see a signature campaign for this ICO it would be such a waste if this is not getting any exposure in the forums since this is the only largest cryptoforum in the internet

[jmelimanco]

A really great way for BPOs and call centers to save money! 

[EdGutierrez]

I just read a few days ago that SEC will be reviewing and treat ICO as a security token will the ICO be undergoing KYC?

http://www.manilatimes.net/regulators-eye-wider-virtual-currency-use/364344/

also, i dont see a signature campaign for this ICO it would be such a waste if this is not getting any exposure in the forums since this is the only largest cryptoforum in the internet

Hi, EastSound!

 Yes, we're already compliant with BSP in our current business, of which the ICO will become a part of. Regulation is not really a concern for us. And we are looking into a signature campaign for sure.

Regarding the KYC, yes, this is one of the items specified on the whitepaper:

The Salarium Initial Coin Offering will be subject to conditions, amongst others, that:
1) Provide Accurate Contact Details (KYC)
2) Execute the Sale Agreement
3) Remit the Purchase Amount

 Thanks for your questions! Let me know if you have any others!

[judahzhirsch]

Join the SALPay telegram for any discussions https://t.me/joinchat/AOdFfkkMyybPF-YXZ6w9jg

[EdGutierrez]

We got featured on the Huffington Post! We're building some traction!

https://www.huffingtonpost.com/entry/salpay-and-how-cryptocurrency-can-be-practical_us_5a1d2654e4b07bcab2c699b0

[EdGutierrez]

Another feature in unbox.ph!

https://www.unbox.ph/bitcoin-philippines/supporting-my-first-ico-salarium/

[Red_Sanford]

What are the benefits of using Sal instead of LTC or some other token ? Assuming that there are BTC ATM's in the country ? It seems that there will be volatility in SAL just like there is with BTC. Possibly even more since it is a low valued token

[EdGutierrez]

What are the benefits of using Sal instead of LTC or some other token ? Assuming that there are BTC ATM's in the country ? It seems that there will be volatility in SAL just like there is with BTC. Possibly even more since it is a low valued token

Hi Red,

Thanks for your questions! The concept of SALPay and the Exchange Network could theoretically be applied with other cryptocurrencies, but the problem in the Philippines and many other countries is that these cryptocurrencies lack liquidity and a network to actually exist.

This is why we are doing the ICO: to provide funds to get the licenses for the exchanges (the only way we can ensure low fees) and to provide liquidity for the network. We are adding it on to an existing fintech ecosystem that already has millions in demand and thousands of users to kickstart the network.

Our card will be the first in this market to enable spending or withdrawing through any ATM with crypto.

Our remittance clients won't deal with volatility since we can offer them a buy-and-sell near instantly removing currency transfer risk, but creating a huge demand on the token network.

If you want to know more about how our services will work, feel free to read our whitepaper: https://ico.salpay.com/wp-content/uploads/2017/12/SALPay-Tokens-Whitepaper-Ver-5.6.pdf

[Fadzster]

what do you mean open bounty program explain use youtube video
why not create thread, write in here or explain and write in youre site

We will be releasing a signup form for participation in a day or two. Thanks for your interest LieXurui!

[EdGutierrez]

Salarium and SALPay present
The SALPay ICO Bounty Program

Want to start or grow your crypto savings? Here's your chance!

We're giving away rewards for posts about SALPay Tokens (SALs) and our ICO! The SALPay ICO Bounty Program runs until December 31, 2017 and has 3 categories:

 (1) blog articles
 (2) videos
 (3) the Bitcoin Forum Signature Campaigns

Bounty Program Categories

Blog Articles - 50,000 SALs up for grabs!

Blog articles can be published on any blogging and social media platform and must be publicly accessible. It can be written in any language.
Qualifications
To qualify for our bounty program, a blog article must:
contain 1000 characters or more (excluding spaces);
do any of the following: (1) introduce SALPay Tokens, (2) review SALPay Token's white paper, or (3) offer insights on SALPay Token’s value proposition;
contain (1) at least 2 links to http://ico.salpay.com and (2) links to our Slack (https://slack.salpay.com/)  and Telegram (http://[Suspicious link removed]/SALPayICOTelegram) channels;
have unique content.
Submission of Entries & Rewards
To join, submit your blog article's URL using this form: http://[Suspicious link removed]/BountyReg .
The SALPay ICO Bounty Program Board will review the submitted entries based on their quality, uniqueness, and adherence to the given qualifications. Rewards for the chosen winners are divided into 3 categories: Gold (500 SALs), Silver (300 SALs), and Bronze (100 SALs). Up to 50,000 SALs will be given away for the Blog Article category.




Videos - 250,000 SALs up for grabs!
Videos can be published anywhere on the internet and must be publicly accessible. It can be presented in any language.
Qualifications
To qualify for our bounty program, a video must:
be at least 5 minutes long;
do any of the following: (1) introduce SALPay Tokens, (2) review SALPay Token's white paper, or (3) offer insights on SALPay Token’s value proposition;
have a description that contains (1) at least 1 link to  https://ico.salpay.com and (2) links to our Slack (https://slack.salpay.com/) and Telegram (http://[Suspicious link removed]/SALPayICOTelegram) channels;
have unique content.
Submission of Entries & Rewards
To join, submit your video's URL using this form: http://[Suspicious link removed]/BountyReg .
The SALPay ICO Bounty Program Board will review the submitted entries based on their quality, uniqueness, and adherence to the given qualifications. Rewards for the chosen winners are divided into 3 categories: Gold (5000 SALs), Silver (3000 SALs), and Bronze (1000 SALs). Up to 250,000 SALs will be given away for the Video category.



Bitcoin Forum Signature Campaign - 500,000 SALs up for grabs!
Posts or comments must be made on the Bitcoin Forum (bitcointalk.org) and can be in any language.
Who Can Join
Members with the following statuses are welcome to join the Bitcoin Forum Signature Campaign: Legendary, Hero, Sr. Member, Full Member, and Member.
Qualifications
To qualify for rewards, Bitcoin Forum members with the mentioned statuses must:
Use the SALPay ICO Signature throughout the campaign period (i.e. until December 31);
Write a minimum of 5 constructive (i.e. informative, conveys features and benefits, helps other members understand and appreciate SALPay Tokens better) posts in any thread or page per week on the Bitcoin Forum;
Write a total of 20 constructive posts during the campaign period.
Conditions
No changing of signature during the campaign.
Participants who will fail to post a minimum of 5 posts per week for 2 consecutive weeks will be disqualified.
Spammers and members with multiple accounts will be banned from joining the campaign.
Participants who will receive a negative trust or ban during the campaign period will be disqualified.
We do not offer rewards for members who will post the SALPay avatar WITHOUT the campaign signature.
If qualified, members will earn rewards based on their membership status at the time when they submitted their SALPay ICO Bounty Program Registration Form.
Rewards
To join, submit your post’s URL using this form: http://[Suspicious link removed]/BountyReg .
Rewards for the qualified members are as follows:
Legendary/Hero: 200 SALs
Sr./Full: 150 SALs
Member: 100 SALs
For members using the campaign signature AND the SALPay avatar: +10 SALs
Up to 500,000 SALs will be given away for the Bitcoin Forum Signature Campaign category.


Campaign Signatures
For Members:

-----------------  SALPay | Where Payroll Meets Blockchain  -----------------
Making Payroll and Remittances Cheaper, Faster and Safer
------    [/SALPayICOTelegram]Telegram] [Facebook] [Medium] [Reddit] [Ann Thread]    ------

For Full Members and others with higher statuses:

-----------------SALPay| Where Payroll Meets Blockchain | JOIN US  -----------------
Making Payroll and Remittances Cheaper, Faster and Safer
------[Slack]  [Facebook][Medium] [Reddit] [Ann Thread]  ------

SALPay Avatar:
Download the image here: https://drive.google.com/a/salarium.com/file/d/1i9p17DSaQTiPgJJC3ABYnDYpCzh_ztl-/view?usp=sharing

[silentmax]

hi guys check out this review of salpay ICO

SALPay ICO Review - Philippines OmiseGo?
https://www.youtube.com/watch?v=Oi2uSy-dOfg
The SalPay Project, is looking to open up the financial transactions in Philippines.Meet the cryptocurrency that will help both businesses and individuals send money to the Philippines without the usual costs and hassles.