SpacePay is introducing a new way to interact with digital payment solutions as it bridges the gap between traditional finance infrastructure and blockchain technology. The aim is to tackle some of the obstacles that have affected crypto, which include accessibility and usability.
The platform offers software that works with many cryptocurrencies to allow a wide range of users to utilize its solutions and accept cryptos for transactional processes.
If SpacePay fulfills its mission, it will turn cryptocurrency into a widely acceptable means of transactions for everyday users and business people. It has put some measures in place to ensure this happens, with a structured roadmap that has been drawn out to make sure all the plans go smoothly.
Some SpacePay Features That Could Increase Crypto Adoption Rate
One of the measures implemented is a volatility protection mechanism that allows SpacePay users to pay for services with cryptocurrencies without fear of price fluctuations during the transaction.
Usually, when people pay with cryptocurrencies like Ethereum, the price could rise or dip during the transaction, affecting either party involved. This has discouraged many people from using cryptocurrencies for payment, leading them to transfer money to stablecoins before making transactions.
With SpacePay, this could be coming to an end, as users don’t have to make those transfers again. When crypto payments are made, the platform automatically converts the sent crypto to fiat currencies of the merchant’s choice. So, in the case of Ethereum used in the example, the merchant could receive the money in USD, which removes the fear of the value of ETH dipping following the transaction.
SpacePay’s solution is fully decentralized, giving users full control over their private keys. This reduces the risk of data theft, as users can secure their information as they wish. All transactions are also secured through robust cryptography to minimize the risk of fraud and unauthorized access.
SpacePay has wide compatibility with more than 325 wallets, allowing its users to leverage established infrastructure while handling high transaction volumes efficiently. Its platform and Android terminal are agnostic, integrating with many payment systems around the world. This allows users to use their existing traditional and crypto payment solutions for SpacePay.
It also allows people to use payment methods they are accustomed to while accessing more efficient solutions.
SpacePay is cost-effective for both merchants and customers. It charges only a 0.5% merchant fee per transaction. The solution ensures that there are no hidden fees, providing transparency regarding payments.
In addition, it offers instant settlement without waiting time. Users won’t have to wait for minutes, hours, or days to get their transactions processed.
Payments can be made by simply scanning a QR code. This automation allows users to process their funds without going through complex procedures or transferring funds through different platforms.
The SPY Token and Its Advantage
The platform also offers a native SPY token that powers various activities within the ecosystem and provides incentives for its holders.
The token incentivizes user engagement to potentially drive growth and development of the platform. Its creation adheres to various industry-standard protocols and smart contracts to ensure transparency, security, and maintain user trust.
There will be monthly loyalty airdrops for the most active participants within the SpacePay ecosystem each month. This is to appreciate users’ ongoing support and commitment to the community.
SPY token holders also have a voice in shaping the future of the SpacePay ecosystem. They get to vote once a month on crucial proposals, features, initiatives, and more that will affect the platform.
SPY holders will also have early access to features before the public. This exclusive access gives them the opportunity to leverage benefits before many others.
There is also a revenue-sharing model that allows SPY token holders to enjoy a portion of the platform’s revenue as passive income. This initiative links holders’ earnings to the platform’s growth. As the platform continues to grow, the passive income potential also increases, creating a win-win situation for the platform and its community.
SpacePay will also offer quarterly Connect webinars where users will have direct communication with the platform’s leadership team. These 45-minute sessions will help users receive updates and information about SpacePay’s progress, plans, and innovations to foster transparency, trust, and empower the community.
There are 34 billion SPY tokens in circulation, with 20% of this total planned to be sold in the ongoing presale. 18% will be allocated for various marketing and community-building activities to continue attracting people to the platform as it grows in popularity.
Another 18% will power strategic partnerships and collaborations with various ecosystems. 17% will be reserved for user rewards and loyalty, while 12% has been kept as reserved funds, 10% for the development of the ecosystem, and the final 5% is being held by the founders to show their commitment and belief in the project.
The presale keeps making progress: Here’s How to Join
The SPY presale has raised close to a million dollars already, with various investors showing interest in what the platform offers.
To buy the SPY token and participate in the presale, you need to connect your decentralized wallet like MetaMask, Trust Wallet, or Coinbase Wallet to the website. You can then load up your wallet with tokens like ETH, BNB, POL, USDT, USDC, AVAX, or BASE. You can also use your bank card.
JOIN THE SPACEPAY (SPY) PRESALE NOW