SGPay ICO (SGP)

A Wallet For Everyone


Singapore has been a hotbed of blockchain projects in the past year, resulting in successful Singapore-born cryptocurrencies such as DigixDao and Kyber Network. A call has been made by the Singapore Prime Minister Lee Hsien Loong to “simplify and integrate” e-payment services. SGPay is one such project borne from the ideas of innovation and integration. It aims to integrate numerous services into one platform, a digital wallet service for both cryptocurrencies and fiat currencies.

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3.8
ICO PROFILE
TEAM
VISION
PRODUCT
Ended
Token SGP
Platform Ethereum
Price 1 SGP = 0.50 USD
Country Singapore
ICO Start Date 01 Mar 2018
ICO End Date 31 Mar 2018

About SGPay

Our SGPay Token is built on the Ethereum blockchain in accordance with the ERC-20 standard. The SGPay Token (or SGP in short) is built as a utility token to be used on our primary platform SGPay. It will be adopted by our technology partners and affiliated merchants.

We chose to build SGP on the Ethereum blockchain because it brings advantages such as decentralization, security, transparency and lower transaction costs. It is also the preferred blockchain network of many large corporations such as Microsoft and UBS who are part of the Enterprise Ethereum Alliance.

Our primary platform SGPay is a 3rd generation e-wallet and e-payment mobile application that allows users to buy and sell cryptocurrencies, or make purchases using both cryptocurrencies and fiat currencies. Our objective is to make SGPay the leading e-wallet and e-payments mobile application for everyone living in Singapore and the region. Customers will be able to pay for their groceries, purchase movie tickets, book flights and more with SGPay. They will also be able to select their preferred mode of payment, either in fiat currency or cryptocurrency at selected merchants.

Singapore makes a good launch pad for the development and execution of the functionalities of SGPay. Many payment providers have ignored Singapore as a potential market due to its relatively small market size. However, they fail to recognize Singapore's capacity to quickly adopt innovative technology due to its highly educated workforce as well as tech savvy population. Singapore is also a leading financial center in Asia with one of the highest GDP per capita in the world. The Singapore government has recently advocated a national push towards e-payments which will increase the chances of investments and acquisitions in this sector.

After establishing our presence in Singapore, we will transition to nearby overseas markets such as Malaysia and Indonesia. Indonesia is the 4th most populous country in the world and the South East Asia region is poised to see tremendous growth. E-commerce and e-payments are also growing at an increasing rate in the region, posing a great opportunity for FinTech firms.

To encourage further adoption of SGPay, we will also be creating additional business platforms to support the use of our token. These include SGReward that will tie in with our SGPay platform to offer monetized reward points as well as SGFund that will help to financially support the expansion of small and medium enterprises (SMEs).

Team

Rolf Haudenschild member of SGPay ICO
Rolf Haudenschild
Christel Quek member of SGPay ICO
Christel Quek
Ankur Maheshwari member of SGPay ICO
Ankur Maheshwari
Farhan Firdaus member of SGPay ICO
Farhan Firdaus
Joelle Pang member of SGPay ICO
Joelle Pang
Jenna Park member of SGPay ICO
Jenna Park
Deng Guangyuan member of SGPay ICO
Deng Guangyuan
CEO
John Lim member of SGPay ICO
John Lim
Lead Strategic Development
Sufi Yusof member of SGPay ICO
Sufi Yusof
Lead Business Development
Bryan Ho member of SGPay ICO
Bryan Ho
Lead Marketing Development
Vishal Maheshwari member of SGPay ICO
Vishal Maheshwari
Lead Platform Development

Milestones

  • 1

    2017

    Creation of Team
    Concept Development
    Legal Structure / Framework
    Platform Development
    Blockchain Development

  • 2

    2018

    Confirm Advisory Board
    Platform Prototype
    Token Generation Event
    Listing of SGPay Tokens on Exchanges
    Launch of e-wallet function
    Intensive Adoption Drive
    Launch of e-payments function
    Community Marketing
    Support for more tokens
    Strategic Partnerships

  • 3

    2019

    NFC, CC, QR integrations
    API and SDK capabilities
    Merchant Partnerships

Financial

Token Sale Info
Token SGP
Token Type ERC20
Platform Ethereum
Price in ICO 1 SGP = 0.50 USD
Tokens for Sale 8000000
Investment info
Accepting ETH, SGD, USD
Soft cap 800000 USD
Hard cap 4800000 USD

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