MooPay: a Non-custodial, No Chargebacks, No Coding Required Crypto Payments Settlement Platform

While this is a welcome change, the current crypto markets landscape lacks companies that offer services that help users settle transactions comfortably with cryptocurrencies. This problem is what the team at MooPay have decided to face head-on to provide a solution. 

MooPay 

MooPay is a Non-custodial, no chargebacks, no coding required crypto payment settlement company that allows users to accept crypto payments anywhere, anytime, and from anyone in any currency. The platform allows users to automate and control their financial transactions easily. 

Currently, there are over 2 billion people worldwide who are unbanked, and MooPay is offering this set of people the opportunity to get their financial transactions done without waiting to get into the banking system. 

While the technology behind MooPay will benefit this group of people, it will also do the same to the e-commerce industry as that is an ecosystem that has enjoyed a highly beneficial system of financial transactions from both blockchain technology and cryptocurrencies to both customers and merchants alike in the developed and developing regions of the world.

Vision 

A world where payments are simple, fast, ubiquitous and cost low. This is the vision MooPay has for the world. The company envisions a world where payments are democratized and there is no need for heavy paperwork or complex setups. The team at MooPay believes the key to achieving all of these is by using the blockchain right and it is this belief that has made them create MooPay and the products and solutions that make up its ecosystem.

MooPay Solutions

MooPay Payments​

This is a complete suite of payments solutions, specifically built for the commerce industry. The MooPay Payments solution offers:

MooPay Swap​

This is an Automated Market Maker (AMM) that is focused specifically on Commerce. This product uses an algorithm that ensures the price remains close to the mid-market rates. After being integrated with MooPay's existing swaps that provide conversion and liquidity features for their customers, the MooPay Swap solution will be launched in Q1 of 2022. 

It will feature

MooPay Biz​

MooPay understands that the lifeblood of every economy is SMBs/SMEs. This is why they are building solutions that help users get fast and easy access to working capital/loans and lines of credit. MooPay Biz is such a solution. Blockchain technology is adopted here, and it makes the whole process simpler, more efficient, and a hassle-free experience for everyone.

The MooPay Biz offers various solutions that help users run their businesses in a faster, smoother, and more efficient way. This product provides an interactive dashboard to the merchants/vendors/commerce industry where they can easily manage all their finance-related operations. Features MooPay Biz offers to include:

MooPay Token

$MOO is the native utility token of the MooPay platform. It will be used to run the entire MooPay ecosystem and administer the platform's decentralized protocols. Since its introduction, the $MOO token has been fully functional and continues to add more functions and features for all stakeholders.

Some key utilities of the $MOO token include:

$MOO Tokenomics and Emission

As pointed out earlier, the MooPay Token ($MOO) is the fuel for the entire MooPay ecosystem of products and services. The token economics have been constructed in a deflationary way whereby as the network is used and there is more fee collection, the overall supply of the $MOO token reduces over time (50%).

Total $MOO tokens: 100 million 

Token Allocation 

Note: 40% of the entire fee that is generated will be burnt. 30% of it will be used to incentivize the token holders and the remaining 30% will be added to the MooPay treasury. This will help to support the product development and future improvements.

MooPay Products

MooPay is looking at extending its Payment solutions services to many parts of the blockchain space, and this is why the platform is building bridges to multiple chains. Currently, it is also utilising the existing decentralized bridges from Ethereum to other popular chains.

MooPay is building plugins for all the major website builders, CMS and eCommerce stores. They include:

among others…

MooPay Single Staking

A single staking smart contract where people can lock their $MOO tokens and earn a yield on them will be launched on the MooPay platform.

MooPay Launchpad

MooPay plans to launch a platform where new products can be launched and they can get access to a pool of users.

MooPay SDKs

MooPay will launch its Web and Mobile Software Development Kit (SDK) that anyone can custom integrate on their platforms to gain access to the rich suite of services that MooPay offers. SDKs that MooPay offers are:

MooPay Swap

This is an Automated Market Making (AMM) protocol that allows users to swap tokens/coins on-chain from Ethereum and other popular chains (through bridges) and then earn trading fees in exchange for providing liquidity.

MooPay Roadmap

Q4 2021

Q1 2022

Q2 2022

Q3 2022