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Created using Figma

Last Update

Feb 11, 2019

S-PAY is an anonymous online payment system (www.s-pay.me) founded in 2008 by several thousand people, which aimed to simplify payments for customers and merchants on the Internet. Since the beginning of cryptocurrencies we have been working intensively on the subject and, among other things, several years ago integrated a Bitcoin interface which makes it possible to transfer Bitcoin in real time within the S-PAY system. Our customers have access to the Shopping Cart Interface (SCI) and Application Programming Interface (API), which can be easily integrated into their own software and websites to receive payments or for example to execute batch payments in real time. Also an own debit card (white label) will be provided for our customers/business partners.
Jan 1, 2019
May 31, 2019
100% completed
$300 000
hard cap
3% cap completed
Goal 38 000 000.00 USD
Cap 9 484 000.00 USD
Hard cap 140 000 000.00 USD
  • 1 SPC
    0.07 USD
Token Details
Total supply
Token Distribution
30% Marketing
12% IT & Development
25% Administration
15% Team & Employees
10% Sales & Commissions
8% Ancillary Costs
Accepted Currencies
Min Contribution
Company Details
Registered Company Name
FSE International Ltd.
Registered Country
United Kingdom
Company Founded
Jul 10, 2018
Bonus Structure
10% for direct referrals
1% for level 1 referrals
1% for level 2 referrals
1% for level 3 referrals
2% for level 4 referrals

payable in SPC or ETH
Additional Details

About S-PAY

The S-PAY Coin becomes the main payment instrument in the S-PAY ecosystem. S-PAY Coins can then be purchased on market exchanges or be earned via mining. They can be used for example to pay for fees and acquire credit cards.

Due to the underlying PoS protocol, the S-PAY Coin can not only be used by every user worldwide as a method of payment, discount or participation in the S-PAY ecosystem but in addition every S-PAY Coin owner can “stake” (“save”) his S-PAY Coins and thereby earn up to 10% interest per year. For this reason it pays off twice to own S-PAY Coins.


With the “new” S-PAY, we will completely change the way people work with cryptocurrencies. Instead of using a large number of different platforms, S-PAY enables all relevant services to be accessed from one account with one registration. Our customers will make cryptocurrency payments just as simply as they are already used to with FIAT currencies like the Euro and the Dollar.

Our customers can trade cryptocurrencies within the system, make payments in real time, swap directly into FIAT currencies or withdraw cash at an ATM. Even payments to people who do not have a Cryptocurrency wallet or an S-PAY account are possible.
Merchants can receive payment for their goods and services in Cryptocurrencies or FIAT currencies and eliminate exchange rate risk through the automatic conversion.

Companies can use the S-PAY client management system to create their own payment system with their own account models, fees and commission structures, for example to promote the development of an investment or even offer a precious metals deposit account system to their clients. The use cases are limitless and each company can utilize their own corporate identity.

A comprehensive API enables automated bulk payments – allowing direct integration into a company’s own systems.

An own debit card, which will be provided for all merchants and business partners (white-label, if they wish, is making the whole S-PAY service complete.

Technical Info

The innovative Basis of  S-Pay Coins: Proof of Stake (PoS)

Within the proof of stake (PoS) algorithms, an inequality is created/modified depending on the credit of a user's specific PoS cryptocurrency and not on the basis of block properties or calculations. Consider a user with address A and a balance of bal(A). Widely used PoS algorithms are based on these values using the following condition:

hash(hash(Bprev); A; t) bal(A)M/D


  • Bprev describes the Block that the user is currently computing
  • t represents the current UTC timestamp

Unlike PoW (proof of work), the only variable that the user can change/influence is the time stamp t in the left half of the equation above. The credit of the active address is blocked by the protocol; e.g. The protocol can calculate the balance based on the deposits on this account that were not moved/transferred for one day. Alternatively, a PoS cryptocurrency may use undelivered transaction outputs, similar to Bitcoin; in this case the credit will be automatically blocked. A PoS protocol limits the possible values t can take. For example, if t is not allowed to deviate from the UTC time on the network nodes for more than 1 hour, a user cannot test more than 7200 possible values of t. Therefore compared to Proof of Work (PoW), no resource-intensive computing power is required.


Together with a valid address A and a sufficient time stamp t, the user must provide evidence of ownership to this address A. To accomplish this, the user can sign a newly generated block with his digital signature; in order to create a valid digital signature the user must own the address A private key.

The time to find a block for address A is exponentially distributed at the rate bal(A)/D. It follows that the use of Proof of Stake (PoS) is fair: the probability of producing a valid block equals the share of the user's credit in the total amount of coins in circulation. The time to find a block for the entire network is distributed at the rate abal(a)/D.

Therefore, if the amount of available coins abal(a) is fixed or increases at a predictable rate, the difficulty D should be known in advance:



where Tex represents the expected time between blocks. In practice, D must be adjusted based on the last blocks since not all users/ coin owners participate in block mining.

S-PAY Roadmap

  • 1st January 2019

  • Beginning of the SPC - Token Presale
  • February 2019

  • New S-PAY platform - start of programming
  • 1st February 2019

  • Beginning of the SPC - Token Mainsale Phase 1
  • May/June 2019

  • End of ICO Phase 1 and distribution of S-PAY Coins to all token owners
  • Read More
  • 2nd quarter 2019

  • Beginning of the SPC - Token Mainsale Phase 2 and Betatest of the S-PAY Coin-Wallet and the POS-Mining Nodes
  • 3rd quarter 2019

  • Betatest of the new S-PAY platform
  • 4th quarter 2019

  • Distribution of the S-PAY debit cards, which can be loaded with S-PAY Coins and other cryptocurrencies and End of ICO Phase 2


30 Days Growth:

S-PAY Team

Verified 17%

Attention. There is a risk that unverified members are not actually members of the team

Michael Twieling
Fareed Nema
Andreas Söbbing
Hans Knaus
Erika Reinhold
Head of Support
Stefan Siegrist
Support Coordinator


Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

P. Lamhraidh
Trade Advisor
George Winkler
Legal Advisor

Former members

Felix Riedl
Strategic Advisor

S-PAY Interviews

Michael Twieling
As a team member, сan you tell us about your role in the ICO project?
I am founder and initiator of the S-PAY payment network, which started 2008 to realize anonymous off-shore payments. The S-PAY ICO is now looking for worldwide investors and partners to realize S-PAY 2.0, which integrates an own cryptocurrency, the S-PAY Coin, into the existing offshore payment system.

As CEO I am responsible for managing and leading the ICO together with my team of selected experts.
What do you think about idea?
I was always fond of the idea of free worldwide payment.

Therefore I regard cryptocurrencies and the blockchain as the greatest invention of the century. It will revolutionize the way of doing business in the world. Free markets will come and already came into existence by it.

With the S-PAY payment network and the S-PAY Coin we contribute to this new economy and create a valuable payment infrastructure for the people.

With our ICO we invite all people in the world to take part in this fascinating project and become the first ones to get S-PAY Coins as well as their shares in the S-PAY company.
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