It has been a flood of ICOs lately, It's quite hard to identify legitimate and scams just by looking at the website. ICOs majorly promises to provide you with some specific solution but it depends on us to check pros and cons as well as think if respective ICO can keep their promises & to what extent?

When I personally do my research on ICOs. My first preference is to read out their whitepaper, check the team behind it, as well as the partnerships they have made so far. Secondly, if the solution being promised is actually achievable. Third, if there are competitors in similar space. If there is, then what are the differences.

MoxyOne is a solution which you'll find out quite similar to other Crypto Debit Card providers such as TenX, Monaco, TokenCard, yet different is many terms. This is the reason, made me write about this ICO.

What is MoxyOne?

MoxyOne is based in Australia. They are working towards providing white-label crypto debit cards for companies that are working on blockchain or providing their tokens/coins. As seen in the image above, companies have the option to place their logo on the debit card and can even mention customers' name on it. which not that much big of a deal but it makes them certainly the only company providing a crypto debit card with your name on it.

Smart Debit Cards

I personally find this feature very interesting. They are claiming to provide debit cards based on AI solution which is designed to provide the best value possible for your cryptocurrencies while spending or shopping. How this works is, at the time of making any kind of payments using the debit card, Mobile Application will provide you with notification, if your default crypto is some percent down and other is some percent up. For example, if I am using this debit card with Bitcoin as my default currency to spend while making a purchase let's say Bitcoin is 20% down but Ethereum is 15% uptrend. Their Mobile app will provide me with a notification by letting me know that spending Ethereum would be a better option for me but, this would be my own decision to accept the transaction with Ethereum or just let it spend BTC regardless.

Also, this is not necessary to order a physical debit card. They are also providing with Virtual Debit Cards to make it useful with other mobile payment solutions, such as ApplePay, SamsumgPay, AndroidPay, and others. Personally, I love the idea of having a virtual debit card rather than a physical one for obvious reasons. We are living in the world where mobile payments are as much widely accepted as physical debit cards.

Liquidity Providers

MoxyOne is standing out differently from TenX, TokenCard or any other crypto debit card provider based upon their Liquidity Providers' solution to back cryptos with fiat currencies. LPs are basically any company or organization ready to buy cryptos with fiat. As far as I understand from their whitepaper, if you are making a purchase in fiat using your crypto debit card, there is someone to buy the crypto you are selling to make the respective purchase. This enables spenders to save money from conversion fees. LPs are also rewarded to earn extra credits or MoxyOne's SPEND tokens.

To make this more transparent, there are some requirements to become a Liquidity Provider including verification process for compliance with local laws and anti-money laundering acts. Another requirement is to HOLD more than 100,000 SPEND tokens according to their whitepaper.

Debit Card Fee Structure



Debit card issuing fee is quite nominal as other providers in my opinion but no annual fee is really a catch with an amazing addon due to their Liquidity Providers ATM withdrawal, domestic as well foreign exchange fees are also standing at $0 for now at least, As you can see they have an open option to change these fees whenever required. Which in my opinion should not be a deal breaker as being a debit card provider it's necessary to keep few fee options open since we are living a world with various countries and laws to tackle with.

Partnership with Cobinhood

We know cobinhood is quite a competitive, now a days when it comes to exchanges like coinbase. According to their official website and whitepaper. They are already in partnership with cobinhood to list their token as soon as it ICO gets ended. Along with this, you'll be able to trade SPEND tokens at ZERO-FEE on cobinhood exchange. This is actually an assurance that as soon as the token sale ends, you already have the option to take an exit if required.

you can read more about this partnership on this medium article: https://medium.com/@moxyone/cobinhood-joins-moxyone-as-an-exchange-partner-ae53be723fdc

Industrial Support

Apart from launching their own tokens in ICO. MoxyOne seems quite legit to me as they are not only working on a blockchain solution by themselves but they are also making industrial partnerships which, I believe is a backbone of any business.

Just like, Bitcoin cannot reach heights without attracting institutional investors or make industrial partnerships, more and more people believe in bitcoin not only because it's the first blockchain solution, that is something which is not understandable for everyone. You see people while talking about bitcoin they start asking questions like: where can we spend it? or Can it be used like money?

MoxyOne Team has come up with their ICO by making some potential partnerships like Hosho for Smart Contract Security Audit, Raiden for Security And Payments Channel, Wings for Crowd AI with Ethereum and IPFS, DCorp for Blockchain Advice and Consultation, Sociall as white-label partner & Clearify for Spam Prevention. Last but not least, Cobinhood which I already mentioned above.

MoxyOne Coin Specifications & ICO Details

MoxyOneSPENDERC20 Token50 million35 million (token sale)10 million (marketing and partnership)5 million (MoxyOne team)1 ETH = 1000 SPEND0.01 ETH

There ICO is currently live with 20% bonus for next 6 days at the time of this post. Their ICO will end on 14th April 2018. This is also worth mentioning that it requires processing KYC before investments. Other bonus rates in ICO are following:

MoxyOne Token Sale, Bonus Rates

Bonus rate for the first 24 hours of the main token sale is 40%, being 1400 SPEND per 1 ETH.

Bonus rate for week 1 of the main token sale is 12.5%, being 1125 SPEND per 1 ETH

Bonus rate for week 2 of the main token sale is 11.5%, being 1115 SPEND per 1 ETH

Bonus rate for week 3 of the main token sale is 10%, being 1100 SPEND per 1 ETH



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