Cryptocurrency etymologically can be defined as digitally encrypted currency. There are two core parts to it: encryption and an exchange of value. In short, the primary function of a cryptocurrency is to be able to use it as a digital currency without a middle man, such as a bank.
For crypto to be of any value, it has to be adopted as a currency first and foremost. That was the initial goal for Bitcoin. Satoshi Nakamoto's vision was that Bitoin will replace Fiat currencies such the US dollar. You want Starbucks? You use Bitcoin to pay for it. You want to pay your employee? Again, use BTC.
Unfortunately, BTC, or any other crypto, has failed to live upto its initial promise. I can't go to any Starbucks and pay with my BTC. Or my Litecoin. Or Ether. Even if I wanted to, how would I do it? Take their wallet address, open up GDAX and send some BTC to it using my laptop? My coffee would be dead cold by then.
So how do we live upto Satoshi's dreams? Enter, MoxyOne. MoxyOne was wants to streamline the process of purchasing cryptos using FIAT, store your cryptos in a wallet, issue a debit card for that wallet, and let you use the debit card the same way you would use your normal debit card. This solves the fundamental problem of cryptos, which is its inability to be smoothly used a currency. Now, instead of whipping up your laptop to pay the hipster Starbucks barista in BTC, you would just use your MoxyOne debit card, and pay using your desired crypto.
MoxyOne is fueled by SPEND tokens. Moreover, you can also use SPEND tokens as a daily currency, using the same debit card. SPEND is also used to for all transactions within the MoxyOne blockchain ecosystem.
Another important aspect of MoxyOne debit card is that it let's upcoming ICO's streamline their token system. It reduces their burden of coming up with their own token distribution system. This lets ICO's focus on other important aspects of their business.
MoxyOne is a great solution to the age old crypto problem: adoption. It brings the currency back in cryptocurrency.
Website: https://moxy.one/
Whitepaper: https://moxy.one/whitepaper.pdf
Token sale: https://moxy.one/token-sale
Link to write-up bounty: https://steemit.com/cryptocurrency/@moworks/sponsored-writing-contest-moxyone-win-sbd?utm_source=airdrop&utm_campaign=afd242d34a-email_campaign_2018_03_16&utm_medium=email&utm_term=0_de6f1ab011-afd242d34a-67297891
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