|Industry:||Payment Infrastructure / Debit Card|
|ICO Timeframe:||02/08/18 – 04/14/18 (PreSale & ICO)|
|Token Supply:||50,000,000 SPEND (70% Crowdsale)|
Initial Coin Offering companies are developing technologically advanced blockchain assets, products and services. They will at some point, require an equally reliable payment system to enable their users to make purchases with their tokens. Currently, there exists no such system and MoxyOne aims to provide a seamless infrastructure for companies that trade with cryptocurrencies. The MoxyOne infrastructure aims to allow end-users to utilize their cryptocurrencies such as Ether and others that will in the future be integrated within our system. MoxyOne will also support partner’s tokens. ICOs that want to offer a debit card for their token holders can apply to be a partner and use the MoxyOne infrastructure by white labelling their wallet system. MoxyOne’s token, SPEND is the backbone of MoxyOne as it will be used for individual transactions and corresponding transaction fees. In addition, SPEND tokens can be used for daily transactions by token holders. The project / company will provide its token (SPEND) holders with a MoxyOne wallet system. This will ultimately allow users to spend their tokens at merchants or withdraw fiat from ATMs around the world.
PROS: Addresses the burgeoning need to establish a payment system and bridge real-world fiat currency and transactions with the crypto world (an extremely important linchpin in the long-term adoptability of crypto), impressive well-rounded management team with all key positions filled, has already landed a number of key partnerships.
CONS: A number of other debit card offerings out on the crypto market (although there is certainly room in the global marketplace for multiple solution providers, it is not the most novel idea).