01/06/2018

MoxyOne: A Debit Payment Infrastructure Platform

Moxy Homepage

MoxyOne will be launching an ICO for the SPEND token, a digital currency backed by a debit card that will allow holders to carry and spend a variety of tokens and a payment infrastructure allowing any project or ICO with a token to integrate with the wallet. The ICO presale will last from February 8th to March 10th, 2018 with the main sale taking place from March 14th to April 14th, 2018. The debit card is projected to be launched in Q2 2018 with spending enabled in Ether while SPEND and partnering tokens will be integrated in Q3 2018 and SPEND tokens will be listed on Cryptopia at the end of the token sale.

Cofounded by Lead Developer Mo Abbas and Lead Front End Developer Tanshul Kumar, MoxyOne has partnered with Social to provide a custom debit card to their token holders.1 Users can earn rewards by providing liquidity or referrals to the network. Raiden Network will be used for network solutions and Gladius for security. ICO's wanting to enable seamless transactions between their tokens and the user's native currency with an attractive promotional tool could make MoxyOne a popular item, but with Visa's recent move dropping cryptocurrency-backed debit cards from their network it may be a slippery slope.2

To learn more about MoxyOne, please visit their website at https://moxy.one/.

1https://ico.nexus.social/?utm_source=icobench

2https://www.cnbc.com/2018/01/05/some-cryptocurrency-backed-cards-dropped-from-visa-network.html

Authored by

Seth Goldfarb

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