BTC -1.44%
$64,149.85
ETH 0.04%
$3,522.97
SOL -0.75%
$133.30
PEPE 4.19%
$0.000011
SHIB -1.50%
$0.000017
BNB -1.19%
$585.95
DOGE 0.07%
$0.12
XRP -0.61%
$0.48
TG Casino
powered by $TGC

How to Buy SpacePay – Easy Guide

Gaurav Roy
Last updated: | 11 min read

If you’ve been looking for an enticing presale to participate in, SpacePay ($SPY) could be your answer. This payment-focused, regulatory-compliant cryptocurrency project aims to pioneer a new approach to digital financial transactions.

So, let’s see what this project is all about, its potential, and just how you can get your hands on this token before it is listed and becomes widely accessible!

SpacePay ($SPY) Token: Quick Overview


Before we provide you with a step-by-step guide to buying the token, here’s a bitesize summary of SpacePay:

  • Payment Protocol: SpacePay is a payment protocol embedded within card machines to facilitate crypto transactions in retail environments. This crypto payment software solution links traditional finance with decentralized blockchain technology and makes cryptocurrencies more accessible and user-friendly for everyday use. The project supports 325+ wallets for their day-to-day purchases while providing merchants with payouts in their traditional currencies. It is currently in a private beta stage.
  • Early Access: SpacePay is currently holding a presale for its SPY token, providing you with an opportunity to buy it at a discounted price of $0.00147 before it becomes widely and easily accessible to the general public. The presale is open to everyone and comes after successfully raising $750K from private investors.
  • Tokenomics: The project has well-designed tokenomics under which it has set aside a good 20% of its total supply of 34 billion for public sale. 17%, meanwhile, is allocated to reward users for their loyalty. A vast majority of the token supply is allotted to SpacePay’s development, partnerships, marketing, and expansion. Besides a future-focused token distribution plan, the project has already completed a buy-back option to drive further development.

How to Buy SpacePay Token ($SPY): A Simple Guide for Beginners


Spacepay Home Page

Now, for those interested in the SpacePay presale, here are the steps that must follow:

  • Step 1. Get a crypto wallet
  • Step 2. Fund the crypto wallet with ETH, BNB, MATIC, AVAX, BASE, USDC or USDT
  • Step 3. Connect the wallet to the presale website
  • Step 4. Choose the size of your investment
  • Step 5. Confirm the order and claim the tokens after the presale finishes

Read on for a more comprehensive guide on how to buy $SPY.

Spacepay Presale Page

Step 1. Get a Crypto Wallet

To get started, you have to first download a crypto wallet on your laptop or mobile phone. There are tons of options that you can utilize, though WalletConnect, Coinbase Wallet, MetaMask, and Best Wallet are some popular options supported by SpacePay that you can choose.

If you’re a first-time user, make sure to write down and keep your private key stored in a safe place when setting up your wallet because the private key is what gives access to your funds. Once the setup process is complete, it’s time to buy some crypto.

Step 2. Fund the Wallet with Supported Asset

Next, you need to fund your wallet with a crypto asset that the project supports for purchasing. SpacePay supports various cryptocurrencies, including ETH, BNB, MATIC, AVAX, BASE, USDC, and USDT.

To buy these supported cryptocurrencies, you can either use the wallet itself, though it will be an expensive option, or you can go to a crypto exchange such as Binance or Coinbase.

Step 3. Connect the wallet to the presale website

Now that you have funded your wallet with crypto, it’s time to go to the official SpacePay presale website. As you visit the website, you’ll find a widget to make the purchase right away. Once there, click on the ‘Connect Wallet’ option.

This will provide you with wallet options, choose the one that you have. You’ll then be prompted to authorize the connection.

Step 4. Choose an Investment Size

Once your wallet is connected, purchase by completing the presale order form. This requires selecting the crypto that you’ll use to make the purchase: ETH, USDC, and USDT. Make sure that you have enough crypto in your wallet to cover the fees.

Once that’s done, input the amount you will be investing. For instance, 1 ETH will get you 2608252.68 SPY tokens, while using either of the stablecoins will get you just over 680 SPY tokens. You can find this beforehand using the widget.

At last, confirm your presale investment by authorizing your transaction in your wallet. Confirming the transaction means you’ve successfully invested in the $SPY presale.

Step 5. Claim your Tokens

The $SPY presale has just begun and will last about a month. Once the presale is over, the tokens will be released and distributed to those who bought them in the presale.

So, when that happens, you’ll need to go to the SpacePay website, connect your wallet, and confirm to receive the tokens in the same wallet from which you made the purchase. You’ll be able to claim before $SPY gets its first DEX listing.

To know of the claim and listing dates, keep an eye on SpacePay’s socials, such as X (previously Twitter), Instagram, and Telegram.

What is SpacePay?


Founded by Maxwell Bunting, SpacePay is a London-based fintech startup that aims to empower payment companies and merchants with next-generation cryptocurrency solutions.

The idea is to completely transform the payment landscape by bridging the slow and costly traditional financial infrastructure with the innovative, decentralized, and transparent world of blockchain technology.

Spacepay App Interface

Unlike the majority of crypto projects that lack regulatory clarity, SpacePay here is adhering to all financial regulatory policies right from the start. As such, SpacePay operates like a public company, and through its native token, $SPY, it is offering investors a share of the revenue, full access to team calls, community voting rights on company direction, early access to private features and betas, charitable donations, and loyalty airdrops.

Besides being regulatory compliant, the platform, which is backed by global investors, addresses the major challenges obstructing crypto’s mass adoption: accessibility and usability in everyday transactions. With SpacePay, making transactions is as easy as scanning a QR code, simplifying cryptocurrency payments, and eliminating complicated processes and inter-platform fund transfers.

When tackling the problems faced by the crypto sector, the project utilizes its unwavering security, uncompromised trust, and community-driven innovation to change the traditional financial world.

For this, it utilizes its user-friendly software that allows SpacePay to be integrated with existing card machines. It is a win-win proposition for both the users and the merchants. While this enables consumers to make daily purchases with crypto from more than 325 wallets, it also empowers merchants to receive payouts in their preferred traditional currencies. Moreover, SpacePay is free for users and payment companies while involving extremely low costs for merchants.

Reasons to Invest in the SpacePay Presale


Here’s why SpacePay could be one of the best cryptocurrencies to buy in 2024:

The Payment Narrative

The world has been gradually moving towards a cashless society, a trend exacerbated by the COVID-19 pandemic. As crypto adoption rises along with increasing preference among consumers for new payment methods, digital assets are rapidly becoming popular across the globe.

In fact, a Ripple report on regional payment trends showed that Latin America and Africa are seeing a shift towards crypto-powered payment solutions. Meanwhile, Bloomberg reports that Russian companies are turning to crypto for cross-border settlements with China as G7 and the European Union (EU) consider sanctions on Russia’s SWIFT Alternative.

So, increasing digitization presents a big opportunity for crypto payments, which have faster settlement cycles and can be cheaper, to become an integral part of the global payments system.

Bold Vision

SpacePay doesn’t want to simply be a digital payment solution provider but be the decentralized equivalent of VISA and Mastercard for cryptocurrency. The project aims to have the same level of global impact that these payment giants have.

For instance, in 2023, every fourth out of 10 global card transactions took place with a Visa-branded card. Moreover, about 266 billion purchase transactions made worldwide last year involved Visa payment cards.

Spacepay Devices

With that goal in mind, SpacePay is all set to launch on over 4.5 million devices across 9 countries this year. Currently, in private beta, the protocol is also working on developing partnerships with the world’s largest card machine companies.

Moreover, SpacePay is developing the world’s first fully decentralized NFC technology that will expand its application and help position it as a leading innovator in the cryptocurrency payment sector.

The Roadmap

The project is currently in its pre-sale phase, which will help it generate the funding to support SpacePay’s development and marketing efforts. To ensure a secure experience, the project had its smart contract audited by a reputable third-party security firm, ensuring it is working as intended while maintaining the highest standards of security.

A successful conclusion of the presale will be followed by $SPY’s listing on major CEXs, starting with the MEXC Global exchange. CEX listings will make it easy for the broader, mainstream audience to access $SPY and will provide token holders with liquidity for trading. Exchange launches generate interest and increase its market visibility, which tends to be positive for the token’s demand and price long-term.

SpacePay’s flagship product, Payment APK, meanwhile, is currently in private beta. Once concluded, it will mark its rigorous testing to ensure seamless functionality and user experience. In the next step, users will be able to integrate crypto transactions into their daily routines with ease. Phase 2 will see an e-commerce API for merchants to integrate SpacePay’s payment solutions into their platforms, partnerships with leading payment processors and financial institutions, and implementation of community reward programs, including loyalty incentives and airdrops.

Clarity & Support

At a time when the crypto market is facing regulatory uncertainty, SpacePay offers a regulatory-compliant project. Following regulatory standards enables it to operate in all unsanctioned nations and have an unrestricted market reach.

SpacePay has also completed its Minimum Viable Product (MVP) and is now in the process of acquiring Intellectual Property (IP) to boost and secure its market position. Moreover, the project has had a successful fundraising of $750,000 from private investors, reflecting strong investor trust in SpacePay’s growth plans. Also, it has already reinvested in the project’s growth by completing a buy-back option.

How Much Potential Does SpacePay Have? Our Analysis


Given SpacePay’s grand vision and strong backing, it certainly represents huge potential. However, this depends on the market condition, how well the project executes its plan, and the market attention and adoption it attracts.

SpacePay has actually been awarded the “New Payment Platform of the Year” award at the Corporate LiveWire Global Awards 2022/23, a testament to the project’s capabilities.

It is currently early in the development phase, and a lot is yet to come, such as partnerships. The project is now preparing for a big launch, which marks a great beginning.

Spacepay Payment Device

Then, there is the native utility token, $SPY, which will play a key role in incentivizing user engagement and driving SpacePay growth. The token, which adheres to industry-standard protocols, will be used to reward active participation through monthly loyalty airdrops to most active wallets.

Token holders will even get a share in the platform’s revenue as a passive income in addition to exclusive access to quarterly connect webinars with SpacePay’s leadership team. They may even gain exclusive access to new products or services.

$SPY token holders will also be able to vote on proposals important for the future of SpacePay. This way, the protocol wants to not only empower token holders but also ensure that it aligns with the community’s vision.

The token has a total supply of 34 billion, of which 20% is set aside for public sale and 17% to reward users. Meanwhile, 18% of the $SPY token supply is allocated to strategic partnerships & ecosystem and marketing & community building each. Of the rest, 12% will go to a reserve fund, and 10% supply will be used for platform development, while founders will get 5% of the $SPY supply.

If you’re still interested in SpacePay’s upside potential why not read our detailed SpacePay price prediction for 2024 – 2030? We leave no stone unturned and explore all the factors and macroeconomic events that could impact this utility token’s future market price.

Conclusion


In the world of meme coin mania and short-term market plays, SpacePay has emerged as a promising project that offers utility and a long-term vision to revolutionize the payment landscape. This regulatory-compliant project offers an easy way for merchants to accept crypto at traditional POS terminals with unmatched cost efficiency, making cryptocurrency accessible and practical for everyday transactions.

In addition to revolutionizing retail payments with crypto acceptance, the platform drives user engagement by incentivizing them with airdrops, dividends, exclusive benefits, and voting rights via the $SPY token.

So, if you want to join SpacePay in its journey, you can participate in the $SPY presale which is a great opportunity to get in early and acquire tokens at a huge discount!

Visit SpacePay

FAQs


How to invest in the SpacePay presale?

To invest in $SPY, you must first get a crypto wallet and fund it with ETH, BNB, MATIC, USDT, USDC, or AVAX. Then, connect your wallet to the $SPY presale and select the amount of tokens you wish to spend. Now, confirm the transaction to reserve your right to $SPY tokens, which you’ll receive once the presale is over and distribution begins.

What network do $SPY tokens run on?

$SPY tokens support a wide range of blockchains; ETH, BNB, MATIC, AVAX, and BASE.

Does SpacePay offer staking?

No, SpacePay does not offer $SPY staking capabilities. However, SPY token holders do get loyalty airdrops, early access to new features, a share in revenue, and voting power.

References