On Tuesday, March 14th, MoxyOne successfully launched the public sale for its token, SPEND. The company has raised more than 2,500 ETH to date and has the backing of hundreds of investors in the community to build a payment network. The payment network will enable Cryptocurrency users to spend their holdings at millions of brick and mortar stores worldwide.
Users will be able to store multiple cryptocurrencies, in addition to SPEND and use them for payments in physical stores with the issued card. MoxyOne does not offer just debit cards to cash out Cryptocurrencies. MoxyOne is deploying a payments platform which will be smart enough to decide which cryptocurrency to spend from your holdings in real time.
In addition to this, MoxyOne also offers an option for ICOs to partner with them and create their own branded Debit Cards. Companies can issue debit cards to their contributors immediately after an ICO. SPEND tokens can be used for transactions on the payment system with the debit card in addition to other cryptocurrencies.
However, using MoxyOne’s payment system requires a small fee which can only be paid in the form of SPEND, giving it additional value.
To ensure a smooth token sale, MoxyOne has partnered with popular Cryptocurrency exchange, Cobinhood. Token holders will be able to trade SPEND immediately after the ICO without any fee on Cobinhood. With a prominent exchange in place where traders can trade SPEND immediately after the ICO, it will be hard to manipulate prices because there is enough volume on day one.
SPEND Token Sale ends on April 15th. Investors who are interested in investing should do so immediately as the token sale is about to end soon.