SGPay

Combination of virtual and fiat currencies into a seamless wallet experience.

SGPay taps into the US$12 billion e-payments industry in South-East Asia. Manage your virtual currencies like Bitcoin, make e-payments via your credit cards and shop online- all in a single platform.

CS Score

5.9

Outlook:

Negative+

SGPay – by ,
5.9/ 10stars

Ended

2018/03/01 - 2018/03/31
ICO
SGPay
Token
SGP
PreICO Price
1 SGP = 0.4 USD
Price
1 SGP = 0.5 USD
Platform
Ethereum
Accepting
ETH
Bounties
Available
Bonus
Available
Min. investment
1 ETH
Soft Cap
800,000 USD
Hard cap
4,800,000 USD
Country
Singapore

CS Score :

5.9

Outlook :

Negative+

Idea 50%
Idea 4.0
Competitiveness 2.8
ICO 6.1
Team 8.5
Community 7.3
Marketing 5.6
Documentation 9.2
Financials 6.0
Reliability 3.0
Feasibility 7.8

Our team believes SGPay has the potential to make a difference in the e-payment industry in Southeast Asia by differentiating itself from other e-payment service providers through the support of cryptocurrencies and the partnerships with merchants. However, the existence of strong e-payment competitors and a great number of alternative crypto wallets might lower their chance of being the leader in this field. In addition, whether cryptocurrency (hence, cryptocurrency wallet) will take off given the uncertain regulatory changes in Southeast Asia will have an enormous impact on the company’s success.

Idea
SGPay targets e-payment supporting cryptocurrencies and fiat currencies in Singapore and Southeast Asia countries. As the e-payment syst…

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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 Members

Deng Guangyuan
CEO

 

John Lim
Lead Strategic Development

 

Sufi Yusof
Lead Business Development

 

Bryan Ho
Lead Marketing Development

 

Vishal Maheshwari
Lead Platform Development

 

Sumit Rajput
Blockchain Developer

Deng Guangyuan
CEO

 

John Lim
Lead Strategic Development

 

Sufi Yusof
Lead Business Development

 

Bryan Ho
Lead Marketing Development

 

Vishal Maheshwari
Lead Platform Development

 

Sumit Rajput
Blockchain Developer

Advisors

Rolf Haudenschild
Adviser

 

Christel Quek
Adviser

 

Ankur Maheshwari
Adviser

 

Farhan Firdaus
Adviser

 

Joelle Pang
Adviser

 

Jenna Park
Adviser

 

Rolf Haudenschild
Adviser

 

Christel Quek
Adviser

 

Ankur Maheshwari
Adviser

 

Farhan Firdaus
Adviser

 

Joelle Pang
Adviser

 

Jenna Park
Adviser

 

February 2, 2014

The birth of mankind

Something really big happened around this period of time. It affected all of humanity. That explains everything.

February 2, 2014
May 10, 2015

The birth of mankind

Something really big happened around this period of time. It affected all of humanity. That explains everything.

May 10, 2015
June 21, 2016

The birth of mankind

Something really big happened around this period of time. It affected all of humanity. That explains everything.

June 21, 2016
Dec 2017
Creation of Team and Product Development
Dec 2017
Jun 2018
Platform Prototype
Listing of SGPay Tokens on Exchanges
Launch of e-Wallet Function
Jun 2018
Dec 2018
Launch of e-Payments Function
Dec 2018
Jun 2019
NFC, CC, QR Integrations
API and SDK Capabilities
Merchant Parnerships
Jun 2019