Selfpay

Selfpay
Selfpay logo Selfpay ICO Review
Selfpay ICO
Ticker:	SxP
ICO start:	0000-00-00 00:00:00
ICO end:	0000-00-00 00:00:00
Price:	1 ETH = 300 SxP
Tokens:	7,500,000 SxP
Tokentype:	ERC20
Hardcap:	25,000 ETH
Softcap:	1,250 ETH
Platform:	Ethereum
Distributed:	75%
Accepting:	ETH

Believing that the main problem for sellers and merchants to accept a cryptocurrency is both change resistance as well as core technology issues, we are proposing an innovative mixed solution with a clear update path to bring sellers to accept any cryptocurrency, anywhere, anytime.

Giving crypto reward for each transaction help to demystify the crypto currencies across merchants and give them a real incentive to use our solution.

Their Point of Sale can accept both credit cards and cryptocurrencies.

Description

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
Their product already exists (released in 2016) and is ready to be marketed and spread across Southeast Asia. They have a clear roadmap to ensure a product market fit at each step (offline sellers to online merchants).
A mature team
Their management team, composed of experienced and dynamic members and serial entrepreneurs, covers a wide range of skills.
Applying existing technology
They 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. They are leveraging the Ethereum blockchain technology to bring cryptocurrency transactions to small and medium businesses.
The right place
They 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. They 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

“

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. 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. 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. 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). 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. 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.

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Team

name:	title:	links:	group:	photo:	iss:
Julien Chalté	CEO	https://www.linkedin.com/in/julienchalte/en		Julien Chalté photo	3.4
Raphaël Tant	CTO	https://www.linkedin.com/in/raphaeltant/		Raphaël Tant photo	3.4
Vincent Birot	Vice President Business Legal Affairs	https://www.linkedin.com/in/vincentbirot/		Vincent Birot photo	3.4

External links

Selfpay on Twitter
Selfpay on Telegram
Selfpay on Facebook
Selfpay on Medium
Selfpay on Bitcointalk
Selfpay on Github
Selfpay Official Website
Selfpay Bounty
Selfpay Whitepaper