Mokenex is a payment platform capable of processing payments in multiple cryptocurrencies. Find out how it works today in our review.
What is Mokenex?
Mokenex¸ found online at Mokenex.com, aims to provide the world’s most universal crypto payment and decentralized token swapping platform.
The platform aims to solve crucial problems in today’s crypto industry. One major problem is the lack of an easy way to spend cryptocurrencies. Digital payments are a $600 billion market, but only 5% of that market involves cryptocurrency payments. Merchants understand the value of accepting cryptocurrencies as payments, but they struggle to find an adaptable solution that meets their unique needs.
That’s where Mokenex wants to help. Mokenex is a multi-currency payment platform that will charge a 0.25% merchant fee – a fee that they claim is the lowest on the market.
The token sale for Moken tokens, or MOKNs, is underway until March 13, 2018.
What Problems Does Mokenex Seek to Solve?
Mokenex’s official website identifies two major problems, including:
It’s Difficult to Spend Cryptocurrencies. People have millions of dollars in cryptocurrencies sitting and waiting to be spent. Merchants, on the other hand, struggle to find working, flexible, and universal payment platform solutions. Mokenex wants to provide an efficient and effective payment platform that makes it easier to spend and receive cryptocurrencies as payments.
There’s an Ever-Increasing Variety of Digital Currencies. There are 1500+ digital currencies available today, and that number is growing on a near-daily basis. Users need to store digital currencies in different spaces, spend them in different ways, and trade them on different exchanges.
How Does Mokenex Work?
Mokenex aims to solve the above problems by creating a multi-cryptocurrency payment gateway.
Merchants can use that gateway to select different cryptocurrencies they wish to accept. Mokenex will charge the smallest transaction fees on the market – charging just 0.25% for each transaction.
Meanwhile, customers and shoppers can pay merchants with 11 major cryptocurrencies, including bitcoin, Litecoin, Ethereum, Dash, NEM, Bytecoin, Electroneum, IOTA, ZCash, Monero, and Cardano. As a buyer, you pay 0% fees. You just login to your account then pay from your cryptocurrency balance. There’s no need to pay deposit or withdrawal costs or worry about minimum amounts.
Exchanging tokens within accounts is also easy. You pay low rates when exchanging currencies within your account. Mokenex has a “Smart Quote Aggregation and Generation Engine” that creates a fair swapping process.
The MVP for Mokenex is expected to be released by the end of Q2 2018, with a beta version expected by Q3/Q4 2018. Right now, the Mokenex whitepaper is just five pages long, and there’s no public version of the platform available online. The project appears to be in the early stages of development.
Who’s Behind Mokenex?
Mokenex is led by three main team members, including Bahman Bromand, Erdal Karakaya, and David Robledo.
Bromand and Karakaya are based in Germany, while Robledo is based in Spain.
The Mokenex MONKS ICO Token Sale
The Mokenex token sale for Moken tokens (MOKN) is scheduled for January 22 to March 13, 2018.
Mokens are used for transactions within the Mokenex ecosystem.
There’s a total supply of 17 million MOKN tokens, with 15.2 million available to the public through the crowdsale. The remaining tokens are reserved for developers and core contributors (1 million), a bounty campaign (300,000), and a reserve fund for liquidity and new developers (500,000).
During the token sale, MOKNs will be sold at a rate of 1 ETH = 10,000 MOKNs.
Mokenex MONKS ICO Conclusion
Mokenex is a multi-currency payment gateway that will be marketed to merchants and their customers. The ecosystem revolves around Mokens tokens, or MOKN. The token sale for MOKNs is underway until March 13.
Mokenex aims to make it easier and cheaper for merchants to accept cryptocurrencies as payments. Merchants can set their rates in fiat currency or cryptocurrency, then customers can pay using 11 major cryptocurrencies.
As of now, there’s limited information about Mokenex available online. The whitepaper is just five pages long and features minimal technical details of the platform. The MVP for Mokenex, meanwhile, isn’t expected to be released until Q2 2018, with a beta version released before the end of 2018.
Obviously, Mokenex is still in the very early stages of development. To learn more about Mokenex and how it works, visit online today at Mokenex.com.