Based in the UK, FXPay is a payment platform for the Forex Industry. It provides the users from Forex (traders, investors, liquid providers) a payment gateway system by providing a tool in a form of a token (FXP). By implementing this token usage on the Forex Market, users can perform transactions reducing the associated fees to 0.5%.

The FXP token is an Ethereum-based (ERC-20) cryptocurrency. It is the utility token that gives meaning to the platform, works as a gateway that allows users to convert their Forex market funds into FXP tokens.

Team:

• Patrix Liu: CEO & Founder. 
• Dhammarat K.: COO & Founder. 
• Tim Sukolrit: CMO & Founder. 
• Wannipha: ICO & Crypto Analysts Advisor. 

FXPay ICO began on August 1, 2018. The ICO token supply represents 40% of the total token supply, so there is a total of 200,000,000 FXP tokens available, for 1.25 USD each. The ICO funding target is 15,000,000 USD, the funding cap is 45,000,000 USD and is expected to end on October 10, 2018 or when the funding cap is reached. Any unsold/remaining tokens will be burned.

Token Reserve Split (60%):

• 20% HELD BY FOUNDERS;
• 10% HELD BY MERGERS AND ACQUISITIONS;
• 8% HELD BY R&D;
• 7% HELD BY AFFILIATED/BOUNTY;
• 5% HELD BY ADVISORS/DIRECTOR;
• 5% HELD BY TREASURY/AUDIT;
• 5% HELD BY RESERVE.

FXPay ICO features a bounty campaign as well as the following bonus structure, and the token will not be mineable.

Bonus Structure:

• 15% First round;
• 12% Second round;
• 10% Third round.