How will funds raised from token sale be used?
TARGET PROCEEDS
US$4,800,000 (S$6,420,000)
DEVELOPMENTAL COSTS
US$2,000,000 (S$2,675,000) to upgrade and enhance SGPay security & feature set.
MARKETING COSTS
US$1,400,000 (S$1,872,500) for marketing and promoting SGPay to the general public.
OPERATIONAL COSTS
US$1,400,000 (S$1,872,500) for licenses, salaries, rental and other miscellaneous costs.