Hi Mallyx, thank you for listing us. I send you a PM with a short update of the details. i also read your post on steemit, just want to be clearly, this is pre-ico if the pre-ico not succesfull, still continue for ico? but i hope your pre-ico and your ico success good luck for your team  Hi barnes13 yes this is our pre-ico and I am confident that we can raise the funds we need. I plan to move all unsold tokens to the reserve fund and freeze them there for the next ico. If this pre-ico was not successful, then we have to look for alternative ways to fund our vision. Throwing underpriced BlockPay on the market would harm every previous supporter and I want to avoid that at all costs. I do have a few questions:
- do these tokens have a function on your platform? or is it just to decide who has what stake in the revenue stream of your services?
- What percentage of the revenue are you planning to give to the token holders?
100.000.000 Blockpay tokens x 0,000288 btc = 28.800 btc
So if tokenholders would like to get a return of say 10% per year. Then you should at least realize an income stream of 2.880 btc. Which you have to pay out 100% to tokenholders, which is not a realistic assumption. So the income stream will have to be much higher.
- What are your expectations about the total income stream per year in a bad, average and good scenario?
- We are thinking about additional use cases for the BlockPay tokens. I really like the Dash Masternode idea, that you need an amount X vesting to get the feature Y. I could think about extra BlockPay fee discounts for consumers, cash back, additional stealth features if you have X amount of BlockPay etc. I am open for an inspiring discussion. - Today the tokens claim the stake in the revenue streams of our product and services. - I don´t have a clear percentage yet, however, I plan to share a fix amount before tax with BlockPay holders. For example, we pay up to 15% in sales commission to our BlockPay Ambassadors. Every BlockPay Ambassador earns a direct share in the transaction for each Store, Restaurant etc. he signs up. We have +60 BockPay Ambassadors today in more than 25 countries. Right, the point of sale business and mobile payment is all about transaction volume. We need a good amount per month to be profitable, however, if you consider the total amount we could get... It is a giant market out there. https://www.statista.com/outlook/296/102/digital-payments/europe Here are some figures. |
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This doesn't seem to look like how ECHO works when you previously announced it. Was hoping its like waves platform. Anyway, What sort of activity do you guys plan to for bounties after ICO. I can see youre giving bounties.
Echo will be WeChat on steroids  Secure chat, video, voice and messages, totally encrypted and decentralized, plus a powerful Blockchain wallet with stealth transactions where you can hold your Bitcoin, Ethereum, Dash, and digital versions of the EUR, USD, CNY, Gold or Silver. All on your smartphone. It will be more powerful than Wave because the Echo backend will be open for third parties. You can start selling your services, products, movie tickets etc. right out of the Echo app, just like WeChat is doing it today. I am planning to offer bounties for forum signature, FB, and Twitter and so on. We will publish more info about that soon. |
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Will legit companies allow stealth payments ? İ dont think so.. And who will you use as a escrow for the pre-ico ? Wille able to pay with btc in the first phase of the İCO to be equal with the OPENPOS holders ?
There are many scams like Opair which looked legit in the beginning.. thats why ask.
We are using the Escrow Services of CCEDK.com. They offer a all-in-one ICO package for start-ups. See here www.ccedk.com. We know the founders of CCEDK for a long time already and trust their services. Always important to ask and check if the products are legit I am doing the same when I invest in a ICO. The Pre-ICO prices seem high, however, if you think about the marketing and developing cost of a true WeChat, WhatsApp and PayPal killer it is rather small. Promoting a new Instant messenger like Echo on a global scale costs millions... Integrating BlockPay in major ERP & POS software solutions from GK Software, SAP, Ingenico, NCS and much more requires high license fees. 5 to 6 diggets per month just to be added in their hardware terminals...
We followed the success of the HEAT, Peerplays, Lisk, Wave ICO etc. very closely. I decided to set up a fixed price for this first ICO so that we can ensure we get the minimum amount we need to progress, but don´t get killed by the tax bill after the ICO. In comparison to many other ICO on this platform, we are publicly showing our registered company name, address, Nr etc. and are fully incorporated and will pay the taxes for this crowdfunding. CCEDK has proven to be a solid partner in the ICO space and provides an all-in-one Service for startups like us. They handle, the Token creation & distribution, multisig escrow, marketing, sales of tokens and much more. We are happy to use the CCEDK service since it saves us a lot of time.
You can't just set a fixed price, because you don't know what the real market price is. Talking about expenses doesn't justify this. Why not just raise BTC and see how much the market values theses tokens? If you are worried about being underfunded, leave something like 10% of new coins for yourself to fund future development. When the coin hits the exchanges you will get the real valuation of your work. Without knowing the real price you will not be able to see whether your business is profitable or not. We have a couple of years Startup experience and founded a few startups before. Usually, you base your evaluation on the discounted cash flow. We ran different scenarios and calculated the funds we need to make this company successful. You take this amount X and add your financing fees (5-15%) on top and define the amount you need to raise. Every serious business is following this model. It is time that we get Blockchain Startups out of the nieche market and use proven business methods to scale fast. |
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Thank you all for your questions, I am answering all the questions I can for you. Just one thing at the beginning, your faces are all over our websites and products. We are running a weekly VBlog on our Youtube channel and Steemi.com to share the latest updates with all of you. See here https://www.youtube.com/channel/UCb78hNwIPH_44DnpvFrA-NQ/videos and here https://www.youtube.com/playlist?list=PLjbx3qSmDe7T2kDfVS3av-qcCHt_i_mJm . I am looking forward to meeting you all in person on a Bitcoin Meetup, the Blockchain Week in Shanghai or the upcoming Bits&Pretzels Start-up Festival in Munich. We will be also at the Slush festival this fall to present BlockPay. Interesting, but isn't a price a bit steep ?
Phase1: 600,000 tokens @ 1:1.20 OPENPOS tokens/each
Phase2: 1,400,000 tokens @ 0.000288 BTC tokens/each
Phase3: 3,000,000 tokens @ 0.000360 BTC tokens/each
Meaning that even at cheapest phase of 2 if we multiply that by 100m (coins that will be created) would put an immediate 16m market cap, but as this is capped at 1,4m when we hit phase 4, ... average will probably be more like 25m.
What happends if not all coins are sold? Since you have a fixed price for tokens it means you have a fixed number of BTC that you wish to rise how much is that?
Hi BoldNinja, thanks for your question. We have developed 5 working proof of concepts over the last 10 months which are all documented on our youtube channels, VBlog on Steem and other sources. I am more than happy to demonstrate the working Apps at your local Bitcoin Meetup. https://www.youtube.com/channel/UCb78hNwIPH_44DnpvFrA-NQ/videos <-- All Videos are here. BlockPay is finished and is a point-of-sales system that supports Bitcoin, Ethereum, Dash, Litecoin, Dogecoin, Peercoins, Steem, BitShares and many more currencies natively. We are starting with 10 pilot stores and beer gardens here in Munich and are going to expand all over the World in the next months. We have set up a global BlockPay Ambassador program, 54 Ambassadors in 25 countries who will promote and sell BlockPay to stores, restaurants, bars, retailers, groceries and much more. We are negotiating with top Retailers in Germany, Netherlands, Israel, Argentia and much more. In comparison to most other Blockchain Startups, We have a product ready to ship, that solves a real world problem. We don´t develop a product that maybe can be used for an unknown problem in +10 years future. We develop real life business solutions for Users, Enterprises, Charities, and much more. More info at www.BlockPay.ch and www.My-Echo.comThe Pre-ICO prices seem high, however, if you think about the marketing and developing cost of a true WeChat, WhatsApp and PayPal killer it is rather small. Promoting a new Instant messenger like Echo on a global scale costs millions... Integrating BlockPay in major ERP & POS software solutions from GK Software, SAP, Ingenico, NCS and much more requires high license fees. 5 to 6 diggets per month just to be added in their hardware terminals... All unsold tokens will be added to the reserve fund. We have no access to the reserve fund and it is locked away by our escrow partner. So is Blockpay available in Odoo online demos? I would like to try it out a bit, see if I can seriously recommend it to small businesses. Odoo is an open source ERP program like SAP with many modules. We can introduce you as a future partner to Odoo if you are interested. BlockPay for Odoo will be added to the Odoo App store within the next weeks. You can see it working in the youtube video. 'Holding BlockPay tokens allows you to share in the rewards from BlockPay transactions as well as value increases from products built by the Company'
Can you please elaborate on what that means? Do you have any more information you can divulge prior to the IPO, it would be handy to see some kind of formula which will explain roughly what returns we can expect based on certain scenarios.
Thanks
We are a FinTech / Blockchain Start-up from Munich with three major projects under development, BlockPay, Echo and Stealth transfers. Beside that we also offer white label mobile wallets, full integration in our POS System, Loyalty rewards, and-and and. We have many Blockchain-based products we want to kickstart with sufficient funding. They all serve on purpose. To built business-ready tools for the whole Blockchain community! Why set price while most of the ICO's do not?
If we do not sell all the tokens on Phase 2 then moving to phase 3 will be impossible, What will happen then? I'm not saying it will happen, im just speculating. And why use CCDEK as escrow, why not just use trusted escrow here?
Sorry for a bunch of questions. Thanks.
We followed the success of the HEAT, Peerplays, Lisk, Wave ICO etc. very closely. I decided to set up a fixed price for this first ICO so that we can ensure we get the minimum amount we need to progress, but don´t get killed by the tax bill after the ICO. In comparison to many other ICO on this platform, we are publicly showing our registered company name, address, Nr etc. and are fully incorporated and will pay the taxes for this crowdfunding. CCEDK has proven to be a solid partner in the ICO space and provides an all-in-one Service for startups like us. They handle, the Token creation & distribution, multisig escrow, marketing, sales of tokens and much more. We are happy to use the CCEDK service since it saves us a lot of time. Hi cyberhacker, I answered Pat´s commentaries already. I hope that helps to answer his questions. Sound very interesting project, just one thing, you cant set the price of your ICO, if you have a good project the people invest in you.
Selling your coins at very high price is not the way to do.
I really want to say i would invest in your coin, but i dont like you want to collect +40,000 btc plus you are not showing your face or your team.
This will not happen, open an normal ICO, collect the funds with your project and plans, show your face, nobody want to invest in anonymous guy, what if you ran with all the btc, no way.
Start thinking what to do, you can end with millions of useless coins. You are not to late to do the right thing.
Hi lestherat, Our faces are all over the place on Linked In, Steem, Youtube and on your weekly VBlog, plus our websites. I am more than happy to invite you to our 3 monthly Blockchain events I organize here in Munich. Come over and I buy you a cold fresh drink with BTC in our favorite Bar Looking forward to chat. ICO again? Legit or scam? The images looks like scam. Have you seen our Vblog and videos already? I am more than happy to show you a live demo of our products. |
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This project looks great, coins with purpose and use would surely be a good investment.. on top it all its already 99% finish  If ever you need Filipino Translation, I would like to reserve.. thanks Yeah, we are looking forward to adding the .apk in Google Play, F-Droid, IPFS and many more places so that you can easily download the app. Please send me a PM for the Filipino bounty. Odoo integration is intriguing. Is there a particular region where you expect to see growth with this?
We are currently talking with the biggest Odoo Partner here in Europe. He manages over 10k Odoo installations all over D A CH and south Europe, especially hotels are perfect for BlockPay. So, like Plutus.it but without a working prototype?
Better than Plutus. BlockPay "S" and BlockPay for Odoo is working very smooth already and we are adding the latest features right now before the upcoming release. Please see our demo video from BlockPay "S" and our Smartcoins Wallet : https://www.youtube.com/watch?v=3vZ3o662RUw Here is the Demo video for BlockPay for Odoo : https://www.youtube.com/watch?v=N7h2bs-ZWXoWe have built up an international BlockPay Ambassador program with +45 members in +20 countries who are ready to start selling BlockPay to groceries, retail stores, restaurants, bars, cafes and much more. We pay a commission up to 15% for each transaction to our Ambassadors, please check here: https://blockpay.ch/community/blockpay-ambassador/ |
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Will there be "mining" or it will be pure "pos-alike" ?
Hi restless, unfortunately, BlockPay token cannot be mined. You will be able to buy the tokens on our website and on our ICO Partner CCEDK.com starting from August 23th. |
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Yes, This thread was the announcement for the whole BlockPay project. We also have separate Ann for Echo and for the new Stealth transactions. You will find all Pre-ICO details in this post here. |
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ICO again  any bounty ? Yes, We have translations bounties. Signature campaign will come up too. campaig twitter or fb ?? I would love to see Twitter, FB and Bitcointalk forum! Campaign manager please PM me for instructions. Thx. |
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ICO again any bounty ? Yes, We have translations bounties. Signature campaign will come up too. |
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Zero Cost, digital currency Point-Of-Sale systems WEBSITE · TWITTER · FACEBOOK · YOUTUBEHello and welcome to BlockPay - a team of FinTech and Blockchain enthusiasts who share the same goal of improving millions of people´s lives. The Blockchain is the most disruptive innovation of our generation and it’s up to all of us to make this happen.
We are happy to announce three awesome products and services for the Blockchain community; All revolutionary and groundbreaking in themselves!
Thank you for taking an interest in our work and I hope we can earn your trust in which BlockPay will build easy to use products for anybody so that we can all use digital currencies in our everyday lives. Join our growing community at the BlockPay live chat to get in contact with us. We would love to hear your opinion about our work!
Kind regards,
Christoph Hering, Founder & CEO
   BlockPay Announcements hereECHO Announcements here Connecting different merchants, whales, bankers, traders and individuals together on one public ledger raises privacy concerns. How can you, as a business, prevent blockchain espionage of your competitors? A lot of companies are afraid their competitors could analyze their daily sales volume, metadata, consumer behavior or daily turnover in every store. This would be an extremely competitive advantage! They now have to choose between a public ledger or a private ledger. We would prefer to offer them the third option, a public ledger that keeps their accounts and amounts undetectable.
Stealth Transactions gives anybody 100% privacy on a public ledger. Every balance and transaction is verified by the Blockchain but not traceable with a Blockchain Explorer. Read the official announcement about Stealth transactions.. You will love the ultimate in privacy. BlockPay is a FinTech / Blockchain development company specializing in digital payment services. We are passionate Blockchain enthusiasts and want to provide easy to use software for everyone. We develop Point-Of-Sale and mobile payment software based on modern Blockchain technologies.
BlockPay have been founded by two experienced entrepreneurs Christoph Hering - CEO and Rodrigo Crespo - CMO. We employ an international team of +40 developers and various Blockchain & cryptographic experts.
We are growing fast and have now reached a point where we are opening up our platforms to all Blockchain communities. We prefer to unite the Blockchain communities and give them a broad range of products and services that match their individual needs.
Contact us for more information: info@BlockPay.ch A total of 100,000,000 non-dilutable “BlockPay” tokens have been issued and will be distributed for early supporters, bounties, and campaigns throughout the full period and timeline of the Crowdfunding.
6,500,000 ”BlockPay” tokens will be distributed in this dedicated Pre-ICO during Phase 1, 2 and 3.
All remaining “BlockPay” tokens will be locked away in a dedicated reserve fund created by OpendLedger/CCEDK (they are acting as our escrow partner) and used in a 2nd Crowdfunding expected to take place in 2017. The BlockPay team has no access to these reserve funds. We offer you in this Pre-ICO a special discount of up to 42% from the initial sales price of 0.0005 BTC/BlockPay Token Phase 1 starts August 20th, 2016We offer a special deal for our early supporters and current OPENPOS holders. We want to personally thank everyone who supported us during our first crowdfunding December 2015. We would not exist without you! We offer you an early access and a special buy back deal where you can exchange your existing OPENPOS tokens to BlockPay tokens 1 to 1.20!
How do you do this? Simple. Send your OPENPOS TOKENS to account: ico.blockpay on OpenLedger or other bts supported platforms and await distribution. Your proof of transfer is on the blockchain and this amount is deciding how many BLOCKPAY tokens you will receive. The special offer runs only from August 20th to start of Pre-ICO.Phase 2 starts August 23th, 2016BlockPay tokens will be available for Bitcoin (BTC), Ethereum (ETH), BitShares (BTS) and Steem Dollars (SBD) and as well as multiple other digital currencies, using the ShapeShift exchange converting of all other currencies into BTC at a fixed rate during Phase 2 and Phase 3. We will move into Phase 3 when all tokens from Phase 2 have been sold.
All funds can be monitored at all times on the OpenLedger dedicated escrow account ico.blockpay and all BTC in this address are held in a multisig escrow account only to be accessed at the end of the ICO. All Escrow services are provided by CCEDK.
The Pre-ICO will end once the 5,000,000 BlockPay tokens set aside for crowdfund have been sold. You can purchase the BlockPay tokens at the Pre-ICO website:Limited Amount! Great discounts available in this pre-ICO, all based on Opening rate of 2017 ICO| Phase1: | 600,000 tokens | @ 1:1.20 OPENPOS tokens/each | Special Buyback | Ended | | Phase2: | 1,400,000 tokens | @ 0.000288 BTC tokens/each | 42.40% Discount | Sold out | | Phase3: | 3,000,000 tokens | @ 0.000360 BTC tokens/each | 28% Discount | Running | | Phase4: | 2nd ICO | @ 0.000500 BTC tokens/each | Initial Price |
How much have been sold so far?We added a short counter on our website with the funds raised. You will find our public address at BlockPay Reserves What do you gain from buying BlockPay tokens?By ordering BlockPay tokens you support the development and continued growth of BlockPay, Echo and Stealth.
With your help, we can expand the global digital payments network where you can earn, hold, and spend multiple digital currencies. Getting BlockPay to every grocery chain, retail, restaurant, vending machine or gas station isn’t cheap, but with your support, we can build this network together.
Holding BlockPay tokens allows you to share in the rewards from BlockPay transactions as well as value increases from products built by the Company.
 How are we planning to use the funds. Development and Pre-ICO timeline| 1. | Launch of BlockPay “S” in Google Play and BlockPay for Odoo | | 2. | Additional BlockPay integrations into leading Point Of Sale systems | | 3. | Development of BlockPay API | | 4. | Adding more Fiat Gateways, Exchanges and Escrow Services | | 5. | Development and introduction of Stealth transfers | | 6. | Development and launch of ECHO for Android and iOS | | 7. | Development of native iOS BlockPay “S” | | 8. | Adding new features to BlockPay and ECHO | | 9. | Building Digital Payment Infrastructure for the Future |
 Christoph@BlockPay.ch · WEBSITE · TWITTER · FACEBOOK · YOUTUBENews updates
Important Announcement!Phase 3 will close at Sunday 04.09.2016 8pm UTC+1. BlockPay distribution will start on Monday 05.09.2016 on the OpenLedger Exchange.
More info also at http://www.maxkeiser.com/2016/08/blockpay-announces-next-steps-after-the-end-of-pre-ico/#1d2CCIVkcGD3fYAb.99
Updates for the ICO in 2017
We will announce the detailed timeline, prices and ICO terms for the possible 2nd ICO when we need further expansion capital. ICO prices can be adjusted to meet future market conditions and to guarantee a successful crowdfunding.
Important Update #2!We are not related with the Echo crowdfunding of the PulseProject team! https://bitcointalk.org/index.php?topic=1596910.0 . That is a different team with a different project. We raise funds for our Echo messenger with the current BlockPay Pre-ICO.Q&AWe did a short Q&A for the upcoming Pre-ICO, answering some of the burning questions and showing our faces   TranslationsPlease PM me for a translation bounty. I am looking especially for Chinese, French and Spanish translations.
lxxtikk: BlockPay Pre-ICO Details in Russian
ShooterXD: BlockPay Pre-ICO Details in Portuguese
ether19: BlockPay Pre-ICO Details in Indien
restless: BlockPay Pre-ICO Details in Bulgarian and here
dansus021: BlockPay Pre-ICO Details in Indonesian
roncar: BlockPay Pre-ICO Details in Philippines
Bounty ProgramWe have a special forum bounty program for the Bitcointalk forum. You can find the full program managed by SFR10 here: https://bitcointalk.org/index.php?topic=1594462.0  Forbes · CoinTelegraph · Blockchain Asia · Blockchain Hong Kong · Bitcoin.com · Bitcoin Hub · Dash Merchants · Dash News |
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Really good idea, looks greats but i didn´t understand some things!
Nr.1 Why you register youre company in england and start in germany?
Nr.2 Why is everything in english, its hard to believe a Germany guy would do this if he whant to make business here.
It´s looks really for a nice projekt, if it will be start it can be big step in right direction!
Greets
Hi Cryptronika, 1. We choose to set up our company in Denmark because you can create a Compliant BITCOIN company without FSA and AML requirements: https://rexkern.com/company-structures/bitcoin-company/ Denmark is a great place to get a Blockchain company started. Please read the full Note on virtual currency such as Bitcoin and the act on money laundering by Danish lawyer here https://rexkern.com/wp-content/uploads/2015/09/Notat-vedr%C3%B8rende-hvidvaskloven_EN.pdf A Danish company can still decide to follow international KYC & AML standards as Coinify and Coinsbank (Formal Bit-X) do. 2. BlockPay launches in more than 20 countries at the same time. Since we are building a point of sales system for Digital Currencies why should we limit ourselves to the German market? BlockPay works globally and is a free App. |
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What is blockpay new altcoin wallet system online coin is five is your write or what but is new altcoin is i think section Annoucment altcoin is right placed , https://bitcointalk.org/index.php?board=159.0because all new altcoin listed in write in there ready bounty ready camapign signature or not Yes, BlockPay is a new platform that is preparing a crowdfunding with new coins. We are working on a signature campaign for you too. I will send you a personal E-Mail when we are ready. |
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