SelfPay.asia ICO

Selfpay

Connecting traditional payments & cryptocurrency

https://ico.selfpay.asia/

About Selfpay

Taking the opportunity that, in Asia, the transaction fees are very high and always added on top of the final price, instead of proposing loyalty points to customers who are mostly tourists and will unlikely return, we are using those transaction fees to finance the SxP token masternodes and give our merchants and customers some rewards!

An existing product
Our product already exists (released in 2016) and is ready to be marketed and spread across Southeast Asia. We have a clear roadmap to ensure a product market fit at each step (offline sellers to online merchants).

A mature team
Our management team, composed of experienced and dynamic members and serial entrepreneurs, covers a wide range of skills.

Applying existing technology
We are building on top of other existing technologies such as using payment aggregators instead of setting up our own payment gateway, which is time consuming. We are leveraging the Ethereum blockchain technology to bring cryptocurrency transactions to small and medium businesses.

The right place
We are targeting Southeast Asia first - as an Asian-based team and company, we know that our product is the right answer to the local payment needs. Typically, SelfPay enables performing the critical step of entering credit card information on the buyer's device, helping to build up the trust that is needed to place such transactions in Asia.

A unique approach

Business-to-business (B2B)
While most of the projects are targeting Business-to-Consumer, we are also targeting Business-to-Business. We want to smooth up financial transactions between distributors, retailers and wholesalers by providing lower fees made possible by cryptocurrencies, but also by providing credit facilities, powered by other decentralized technologies.

Cross-border across S.E.A.
Business-to-Business cross-border payments in Asia happen everyday, although could be much improved: high fees, not working during weekends, high local bank fees, etc. It is slowing down the entire ecosystem in Southeast Asia.

RoadMap

1

2016: SELFPAY IS BORN

After 2 man years of development, the first alpha version of SelfPay was released in mid-2016.

This version was then iterated upon to work as a payment aggregator, and by the end of 2016, the new version was released incorporating aggregation functionalities and a new design. The release laid the groundwork enabling the product to work as a SasS (Software as a Service) to accept payments via different payment gateways.

This version of SelfPay was alpha tested in two Southeast Asian countries using Omise (creator of the OMG token) and CyberSource (the parent organisation of VISA) as payment gateways.

2

Q1 2017: SELFPAY BEGINS BETA TESTING

Building on top of the existing product, version 2.0 of SelfPay begun a period of beta testing with a few selected trusted testing users.

The payment aggregator functionalities became validated. Sellers could man age their own payments both offline and online with self-managed payment gateway keys and their own contracts with their preferred payment gateways.

During that time, while the team was investigating new ways of funding SelfPay to maintain its growth, the ICO project began.

During Q3 2017, the ICO project was officially launched.

3

Q2 2018: OFFICIAL PRODUCT RELEASE

Funds raised during the ICO are used to market the product across Southeast Asia.
- Ether cash back and SxP retribution process are added to the application.
- The SxP token is added to major cryptocurrency exchanges.
- Sales teams are set up to market the product in Southeast Asia.

4

Q3 2018: EXPAND CUSTOMER BASE

- Customers are able to pay using bank accounts as well as credit cards (bank to bank payments).
- Customers are able to pay using Alipay, representing 450 million potential Chinese customers.
- The inventory used by each seller is used to create a marketplace, enabling offline sellers using our solution to have a new eCommerce channel provided for free.
- Integrate SelfPay with remaining eCommerce platforms and shopping cart services (e.g. WordPress, PrestaShop, Magento, Wix, Weebly, Shopify).

5

Q4 2018: INTEGRATING THE BLOCKCHAIN

We offer the possibility to each seller to exchange their blockchain assets seamlessly from one user to another in a decentralized manner, removing any risks that is usually associated with current centralized solutions.

Each seller will be able to send transactions between each other using the SelfPay system, thus providing a B2B solution.

Crypto rewards can be received in any major cryptocurrency and ERC20 tokens, enabling sellers to manage a multi-cryptocurrency wallet of rewards.

Since fees are taken from the token transacted in, the most popular tokens used accumulate to the distribution contract, helping the value backing SxP tokens.

6

Q1 2019: SETUP SELFPAY EXCHANGE

Any seller can be paid directly in any cryptocurrency, achieving the original target to bring cryptocurrencies seamlessly to any seller.

Internal exchanges setup to optimize the cross-sell between the crypto rewards given to sellers and the rewards withdrawn by the merchants. Local exchanges are still being used to provide liquidity when needed.

The product is then being consolidated to integrate other Web 3.0 functionnalities coming from other blockchain projects including OMG, OpenBazaar and weTrust.

Financial

Token info

Token

SxP

Platform

Ethereum

Type

ERC20

Price in ICO

1.01 USD

Tokens for sale

7,500,000

Investment info

Accepting

ETH

Distributed in ICO

75%

Soft cap

1,250 ETH

Hard cap

25,000 ETH

Raised

Unknown

WEBSITE - WHITE PAPER - ANN THREAD

MY ETH WALLET: 0x6FEB883Ad01df9008E3500797383168248d9fA7D

Share on Google Plus

About rangga

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.