Tanshul Kumar who is Co-founder and Lead Developer with MoxyOne tells us more about their project and token sale event;
Hello Tanshul, briefly introduce us to the MoxyOne project.
MoxyOne is an ingenious solution to the issue of under-utilised cryptocurrencies. It allows companies to incorporate a reliable financial infrastructure within their existing ecosystems that gives their token holders an opportunity to spend their tokens. With features such as a debit card, wallet system and virtual debit card, users will be able to make purchases within company ecosystems and “real-world” merchants worldwide. SPEND token holders will have the opportunity to utilise the MoxyOne infrastructure with many benefits such as a rewards system and negligible fees.
What is the current market size for your industry and how much of this market share do you envisage to control in 3 years?
Our main target market is all ERC20 based tokens, the whole of the crypto market (445B USD) is facing issues with liquidation and we are aiming to help improve the cypto economy by providing a way for crypto holders to spend these tokens in the real world.
In 3 years we hope to include at least 10% of the ERC20 token market and partner with multiple successful concluded and ongoing ICOs to offer their token holders branded debit cards.
What makes MoxyOne different from other card-based projects on blockchain?
Not only are we providing a debit card/wallet for our users (SPEND token holders), but allowing every cryptocurrency company to white label/co-brand our system under their own branding. This gives every cryptocurrency issuing company an opportunity to allow their users to spend their tokens within the company ecosystem as well as out in the real world.
How do you plan to build an ecosystem of users around the project?
MoxyOne is actively seeking potential partnerships with cryptocurrency projects in all sectors of the industry, for instance gaming, real estate and finance based projects. We have already secured two projects Social (SCL) and eBitcoin (eBTC) as white label partners and in negotiations with a few more projects that are interested in our payment infrastructure.
In addition to this we have hired solid marketing agencies for PR and community engagement, these are – Innowire Advisory and Mo Works, respectively. This is in effort to expose our services to the broader community.
How soon will your tokens be tradable on exchanges and any hints of which exchanges will be trading?
Tokens will be tradable after the public token sale concludes. Our exchange listing consultant is currently negotiating with multiple exchanges and we will do a press release about this once they are finalized.
Briefly run us through the process of your token sale.
Investors go to https://moxy.one/register to apply for whitelisting. They then fill up a simple form and wait for verification. MoxyOne will process their information and whitelist their ethereum wallet address for contribution in less than 24 hours. Users will be able to see the contract address to contribute to in their MoxyOne dashboard. SPEND tokens are distributed instantly and the bonuses will be released after a vesting period.
For more details, follow the MoxyOne ICO here.