From Revenue Share to Loyalty Airdrops - SpacePay is a New Crypto Sensation

With the crypto market now getting a second wind thanks to Bitcoin rising above the $90k mark, people don't think that utility cryptos are outlandish anymore. This has made the path clear for projects like SpacePay to grow, a project with innovative payment solutions that could bring more players into the crypto fold.

However, with a market already suffering from an influx of new web3 cryptos offering diverse payment solutions, how does SpacePay differentiate itself from the crowd? This article will shine a light on its many attributes while giving a proper assessment of its unique potential.

What is SpacePay?

SpacePay describes itself in its official whitepaper as a revolutionary new crypto project that could make adopting crypto simpler. Tying itself to card machine technology, SpacePay is a terminal-agnostic solution to the age-old problem - how to get a common person to engage with decentralized technology.

SpacePay's interaction with card machines is key here, as it allows this new blockchain innovation to walk on a familiar road and introduce novel solutions to consumers easily. The technology is said to be perfectly integrable with more than 325 wallets, allowing users to leverage their crypto and wallets like they use their payment apps. The card machines will allow them to scan the QR code and make payments.

The simplicity of this technology is said to come with many benefits - both for merchants and customers.

Customers who have mostly been skeptical about anything related to utility-centric crypto may be more receptive toward adopting SpacePay if they have something closer to home to work with. With no need to do anything different from what they already do - scan the machine and pay the bill - using crypto to pay for stuff will become a cakewalk.

Merchants, on the other hand, will expand their customer base, getting more done in limited time as SpacePay also promises to enhance transaction speeds. With features like volatility protection added, these merchants won't have to fear the market's volatility. No matter when they are getting paid in crypto, the basis will be the fiat amount, and the crypto paid will change according to what the fiat value is.

This could have more than a unifying effect on the crypto economy as a whole. However, it is the SPY token - the crypto asset powering SpacePay - that users will get the most use out of once the SpacePay presale concludes.

Now is your chance to get SPY tokens at a discounted price during the presale, before it hits major exchanges.

Transforming Investors Into Stakeholders of the SpacePay Ecosystem

SpacePay will function with the help of SPY, an ERC-20 token that will bestow upon users multiple benefits. Here are some benefits listed in the whitepaper:

• Loyalty Airdrops: Short and long-term investors will find their loyalty to the SpacePay app being rewarded using loyalty airdrops. Depending on how active a wallet is and how many SPY tokens are being held, users will have airdrops coming their way on a periodic basis.

• Voting Power: SpacePay is a DAO project, which means it allows stakers to have a say in how it grows. This is how the project handles centralization issues, ensuring the project remains with the people.

• Early Access to Special Features: SpacePay will also allow holders to have early access to special features. These could be new tokens being added or new facilities to interact with the crypto economy.

• Revenue Sharing: One of the biggest perks of holding SPY tokens is getting a piece of SpacePay's action, which means holders will get a share of the revenue it generates. This revenue pool will be filled with a 0.5% transaction fee charged per transaction. This is in addition to the recently introduced staking protocol, and it will focus on giving more to users.

• Webinars: SpacePay developers will hold quarterly webinars, keeping investors updated about the project.

What Will the SpacePay Price Look Like in the Future?

While there are no technical indicators available that we could use as focal points to predict SpacePay's movements and the crypto payment gateways market, Future Market Insights has forecasted that the crypto payment gateways market is expected to grow at a CAGR of 14.1%, and its market value is projected to increase from $1,294.1 million in 2023 to $4,853.8 million in 2033.

This growth rate could prove beneficial for SpacePay's growth. Combined with the overall mainstream view of the crypto space, it won't be impossible for SpacePay to carve a linear path to growth.

Early investors could be the biggest beneficiaries of this project, as the parabolic price action after its listing on any major cryptocurrency exchange will be positive. A 10x or 20x growth is also plausible, meaning that the token can potentially surpass the $1 mark from its current value of $0.002254 when it goes live.

Those interested more in this project's prospects should visit the official SpacePay website. Keep tabs on its social media profiles as well, as SpacePay has recently unveiled how the platform will actually work.

Visit SpacePay