SpacePay’s Concept That Simplifies Payments a Hit Among Investors – Potential Top Crypto Gainer?

With its utility-centric concept, SpacePay has recently gained major traction as a trending crypto presale. With the bullish market sentiments and its innovative payment solution, the project has quickly become a topic of discussion on major crypto media publication sites and communities.

Investors speculate huge growth for the token, given the current market condition and its growing ecosystem.

An Innovative Crypto-Based Payment Solution

While Bitcoin was initially created as a payment method, its large-scale growth has set it apart as a whole different and new standard entirely. Its use case, while possible in the future, is currently not accessible easily by common people in their day-to-day life. This is what SpacePay aims to change with their revolutionary payment solution system.

The project aims to combine the best of both worlds—traditional financial infrastructure and blockchain technology that prioritizes decentralization—to tackle the issues faced within the crypto space when it comes to payments and other daily transactions. Essentially, SpacePay offers a user-friendly software that integrates itself seamlessly into the existing payment infrastructure.

This may include card machines, third-party payment channels, etc., to allow consumers to utilize their cryptos and make purchases efficiently. The software shall support over 325 wallets and make crypto payments a quick and easy method for transactions.

Security has been prioritized, and the exposure that crypto will get as a more widely available payment method will also be beneficial for investors overall—in terms of making payments as well as being able to actually use their cryptocurrency holdings in real life. Merchants, on the other hand, will also be able to enjoy access to a new and dedicated customer base while also benefiting from faster settlements and reduced fees—courtesy of SpacePay.

While other merchants may have a fee model as high as 2.5%, the merchant transaction fee on SpacePay shall be a minimum of 0.5%, helping it stay ahead of much of its traditional payment software counterparts. Supported payment methods shall include some of the top cryptos like Bitcoin, Ethereum, USDT, and others.

The SPY Token Will Power SpacePay

SPY Token is the native token of the SpacePay ecosystem and will play a vital role in the sustenance of the software and its community’s growth. The token shall have multiple utility elements, with one of the main features being voting power.

Investors will be able to decide the route of development and have a say in future plans as holders of the token. Holders shall also be eligible for frequent loyalty airdrops, early access to other SpacePay features, and even enjoy a share of the revenue generated by SpacePay in the future.

Developers have also promised that investors could be part of a positive social impact, as token holders will be able to donate SPY, and a part of SpacePay’s revenue shall also go towards matching the amount contributed by the community.

With a total token supply of 34 billion tokens, the SPY token is set to distribute 20% of its allocation in the ongoing ICO. The project has already raised over $750k from private investors and has completed its Minimum Viable Product (MVP) as well.

It has already been awarded in the Corporate LiveWire Global Awards 2022/23 as a New Payment Platform of the Year—an honor that only solidifies its position as a popular and emerging name within the payment space.

An ICO Worth Investing?

There is no concern about any regulatory risks, as the project already complies with the regions it plans to be operational in and is currently in the process of strengthening its assets with IP to enhance its market position.

The project’s roadmap is ambitious but quite achievable, if one takes into consideration the various accolades it has already conquered. Built on the ETH blockchain, the token is currently priced at $0.002315, having raised more than $700k from retail investors already.

Its growing community seems to be highly bullish on the potential for growth, especially since the current market ecosystem does seem to be focused on projects that can provide real-life applications and value for everybody on a macro level. If the pace at which SpacePay has been growing continues, it may not be surprising to see the SPY token launch with a huge pump and make it to the top gainers list in the coming months.

Those who are keen on learning more about the project and potentially participating in its ongoing presale should consider following the project’s social media channels on Twitter and Telegram.

Visit SpacePay

Disclaimer

Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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