The Differences Between Tokens: MenaPay vs MenaCash
Do you know the differences between #MenaPay token and #MenaCash token?
MenaPay is a revolutionary payment gateway ecosystem designed to help accelerate the digital transformation of Mena, the Middle East and north Africa region. The bulk of revenue from the MenaPay foundation's token will be shared with the community using it - both giving them a significant share of income and incentivising wider use.
MenaCash is designed to be the transaction currency of the MenaPay Platform and can be used for transactions such as cashless payments between individuals and merchants. In other words, every type of daily life transaction... To be so transaction-friendly it needs to be stable, which is why MenaCash is a US dollar-backed cryptocurrency and distributed on a super fast private blockchain.
The nature of the two tokens is very different. The MenaPay tokens’ price is variable - it can fluctuate according to all kinds of commercial variables, like the number of merchants using it, number of active users, transaction volumes and the level trading in the community. To begin with, our plan is to price 1 MenaPay token at 0.165 US dollars. And MenaPay tokens will be implemented on the Ethereum Blockchain, applying ERC-20 standards.
By contrast MenaCash has a stabilised value, being pegged to the dollar. It will always be equal to 1 US dollar, in order to ensure the stable short term values needed for smooth transactions between users and merchants. MenaCash is a perfect solution for everyone who doesn't want to be limited to using slow and insecure traditional financial tools. MenaCash's $ pegging will create a non-volatile environment for the whole MenaPay ecosystem to be adopted, adding momentum to the digital transformation we're already seeing in the region.
For more information, watch the video and do not hesitate to contact us via our Telegram channel;
t.me/menapay
and also visit our website to fully understand the structure of MenaPay;
www.menapay.io
IOS: https://apple.co/2kzDKRX
Android: http://bit.ly/2pg5Ovw
Huawei: https://bit.ly/2XAMje9