this is it, Whitepaper is coming (*game of thrones OST)... this month will be a hit for DAO Movement. I will help promoting the project as soon as I have reviewed the devs objectives.
The dev's objective is to be you! see you! and do you! We got this shit. |
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PoSTOken Airdrop is also not that easy to participate. For example many people cant participate because of Point 6. of the Airdrop Rules "6.Your Twitter account must have at least 100 real followers before you retweet." Sad  I were able to participate without any follower lol. Right! there is a difference btw participating and actually receiving coins. Your lol might have been prematurely induced |
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Again this is just a guess on my part but as i aforementioned, due to SEC rules, the piecoin might have been conceived as an alternative to incentive Paypie customers/Paypie coin holders. Piecoin might be distributed as a form of dividend (note that i use the word a form to denote that its not an actual dividend) and the distribution could be exchanged on Paypie's platform for fiat. Since it's not the main coin associated with the project and only has internal use, i.e.( Paypie won't provide an exchange for it) this deflects any issue that the SEC rules might pose.
As for pegging to multiple currencies, am guessing they will peg it to the currency that's currently worth the most, and use exchange rates from that currency to pay out on other currencies. Again, am just guessing and none of this should be considered viable till statement is obtained from an admin
I think I have figured it out. But still guessing. I think you actually have it backwards. PPP tokens are the investment vehicle and PieCoin are stable stores of debit/credit value. Assuming PPP are the PayPie tokens that are traded on the exchanges. PPP will be converted to PieCoin (PIE) for internal transactions in the PayPie market. PIE are pegged to a several major currencies at the same time: a currency basket. For the sake of argument, assume the currency basket is 1 PIE = $1. You owe someone $300. Which means you are 300 PIE short. PIE can only be exchanged through PPP tokens. PPP tokens fluctuate, but according to the whitepaper the price per token starts at 1 PPP = 0.0011 ETH. If the price of $300 = 1 ETH you need to buy 1/0.0011 = 909 PPP. If PPP doubles in value, you need to buy 454 PPP instead. Your debt, in terms of currency basket value, has remained the same amount, ie. 300 PIE = $300. If you were indebted 300 PPP instead of PIE, after PPP doubled in value you would owe $600. Nice catch, and they can achieve that with PIE because it's only an internal token and it won't be put on exchanges. It's the only way to keep a token stable at the moment, there's this token, Corion in which devs claim that price will be always $1, isn't on exchanges yet but it will be on day, I'm going to grab a popcorn basket when their reserve to buy COR will finish (because at some point it will finish) Are we talking about PIECoin, as in https://coinmarketcap.com/currencies/piecoin/ ? I am really confused now  No we not talking about the shit coin on the exchanges called pie coin, rather we referring to an internal coin utilized on the paypie platform thats also named piecoin. Anyway, rigorous your explanation makes a lot of sense, hopefully a paypie admin can confirm if it's on the right track cos investors will deem such info vital. After re-reading the whitepaper again and again I think I got it completely wrong. The actual money owed on the invoice is not paid with PIE but through traditional ways, ie. bank transfers, VISA, whatever. I was misled by statements such as all transactions will flow through blockchain and validity of all transactions including sent invoices can be verifiedLender confirms, signs and funds get transferred to the company and published on blockchainBut it's not realistic to transfer money owed through PIE, as the PIE balance sheet would quickly eclipse the value of PPP and PayPie itself. Small-medium companies have balance sheets of up to $100 Million. The only things transferred through the PayPie network are documents such as invoices, and those invoices are put on a marketplace where the right to see or pay them may be bought using PIE. PayPie charges a fee on each marketplace transaction. You might actually be right, cos like i aforementioned maybe the payment might be allocated as pie, and the pie coin can be exchange for fiat at and only on Paypie platform. |
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I was thinking today, how do you prevent obvious abuses? Like somembody trying to make his company having a lot of good rating by making fake transactions?
that's the beauty of blockchain technology, it's transparent and every data is verifiable. Just the same way you can't easily fake a bitcoin transaction, it will be extremely hard to continuously fake a ledger transaction on the paypie blockchain. A dedicated investigator can easily detect the erroneous information/ |
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i've try alpha platform, and how to check my ticket when i purchase some tickets? and, how to use the ticket after purchase it?
In future the ticket barcodes can be scanned, maybe a password or ID check also is associated with it. The event promoters will have different options on how they wish their tickets to be validated. Also tickets can be resold and refunded according to customizeable Smart Ticket rules. But that still doesnt fix the reselling. Despite reputation system and pegging price of tickets, if just barcode will be used, than you can still print and sell the ticket for 200% profit. You wrote that it will be up to event promoters which system to use, but i think black market problem should be fought form the start of the chain and that will be your platform. Actually, I wonder if reselling at huge profit can be solved at all. One could simply sidestep the blockchain restriction by putting an advertisement for highly sought after tickets on a 3rd party site asking for additional payment (cash, bank, Paypal, Bitcoin, etc.) before starting the EventChain transaction. You could attack the problem from another angle, limiting the number of tickets per person, but one can work around that through fake accounts. Hell, you could ask for a copy of a passport and resellers would start a "photo of your passport for cash" business. Truthfully, it will be very hard to stop scalper, but if you can make their job a little more labor intensive then it could possibly have some positive effects. Currently a scalper can see a big act ticket and automatically buy 1000 tickets on one order. however, if said scalper has to provide identification for each of the 1000 ticket, the labor involved might reduce their acquisition from a 1000 to 100. |
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Which exchanges are you expected to be listed in in 2017 and 2018?
no company will provide any info of possible exchanges pre ico. Several things could go wrong post ico and if investors feel jaded that a promise wasn't delivered, it could really impact the company's reputation Actually some compaines are doing that. But you're right it's risky. About vibehub it already reached 4600 eth, so exchange won't be a shitty one. That's quite a good amount so far. Much lower than the max cap of 115000 ETH though - if it ever got closer to the cap, that would be a guaranteed acceptance on any exchanges of their choosing. Exchanges are the most unimportant in the development process. Its only important for standard cryptocurrencies, not for projects with a real market usecase (Unless you are a trader). I don't agree this. Maybe i can agree in long term exchanges are not important, because if a project is doing great, best exchanges want to add it even they don't apply for it. But short term and maybe middle term exchanges is the most efficent thing that will determine the price of coin. Crappy exchanges with low demand will bring the coins price down. Good exchanges with good demand will bring coin price up. Remember that he said exchange is unimportant to the dev process. The price of a coin is not indicative of the tech behind it, we all know of coin with great dev, who are constantly working/ improving on the tech of the coin and the aforementioned coin is severely undervalued. while another coin with inactive dev/ undelivered proposals are killing it in the market. if you in it for the long run, you will always want to bet on the active dev with constant updates. |
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I think I read the VIBEHub wants to buy the holoportation technique from Microsoft. Has anyone found anything about pricing and their licensing scheme? Maybe Microsoft will license it for free, but provided you use the Hololens. I'm not really sure which way Microsoft wants to go with AR. Do they want to profit on the software side or on the hardware side?
I reeeally don't think Vibehub will actually buy that from Microsoft. Don't think they have the cash for that. Licensing it is another thing however. In the latest video Matthew uses the word "purchase" (6:50). But alright, let's assume that's slang for licensing. Then it's not going to be a exclusive license, so there's bound to be similar applications like VIBEHub. It will come down to who can get the best artists in a working application to the users first. No I mean't purchase, We have already raised more then enough in the ICO to purchase this technology. We are going to be releasing videos monthly with our team demonstrating this technology  How do you guys expect this holoporatation technology to be worth millions of dollars??? It's not even close to that, microsoft has developed this at a reasonable price point and we will purchase it at a reasonable price point Well, that's good news to know that you'll be the owner of the product. The Hololens just cost 3000$, but how much cost the equipments to "virtualize" the subject, like in the rihanna video ? The rihanna video is just a 3D model of her, any 3D modeler could design this. However this is not future, to capture these images for the use of real time concerts, education streams and dates. Holoportation technology is the far superior tech For those of you that is still confused, a 3D model is a form of animation with set standards controlled by a coded script. So if the model is programmed to do a flip 30secs into the video, it will only perform that flip at the allocated time, not a sec earlier or later than instructed. However through holoporatation tech, you actually experiencing the visual of a live piece. So if an an artist were to stumble well performing, you would see/ experience it with the the audience viewing the artist in real live. |
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Again this is just a guess on my part but as i aforementioned, due to SEC rules, the piecoin might have been conceived as an alternative to incentive Paypie customers/Paypie coin holders. Piecoin might be distributed as a form of dividend (note that i use the word a form to denote that its not an actual dividend) and the distribution could be exchanged on Paypie's platform for fiat. Since it's not the main coin associated with the project and only has internal use, i.e.( Paypie won't provide an exchange for it) this deflects any issue that the SEC rules might pose.
As for pegging to multiple currencies, am guessing they will peg it to the currency that's currently worth the most, and use exchange rates from that currency to pay out on other currencies. Again, am just guessing and none of this should be considered viable till statement is obtained from an admin
I think I have figured it out. But still guessing. I think you actually have it backwards. PPP tokens are the investment vehicle and PieCoin are stable stores of debit/credit value. Assuming PPP are the PayPie tokens that are traded on the exchanges. PPP will be converted to PieCoin (PIE) for internal transactions in the PayPie market. PIE are pegged to a several major currencies at the same time: a currency basket. For the sake of argument, assume the currency basket is 1 PIE = $1. You owe someone $300. Which means you are 300 PIE short. PIE can only be exchanged through PPP tokens. PPP tokens fluctuate, but according to the whitepaper the price per token starts at 1 PPP = 0.0011 ETH. If the price of $300 = 1 ETH you need to buy 1/0.0011 = 909 PPP. If PPP doubles in value, you need to buy 454 PPP instead. Your debt, in terms of currency basket value, has remained the same amount, ie. 300 PIE = $300. If you were indebted 300 PPP instead of PIE, after PPP doubled in value you would owe $600. Nice catch, and they can achieve that with PIE because it's only an internal token and it won't be put on exchanges. It's the only way to keep a token stable at the moment, there's this token, Corion in which devs claim that price will be always $1, isn't on exchanges yet but it will be on day, I'm going to grab a popcorn basket when their reserve to buy COR will finish (because at some point it will finish) Are we talking about PIECoin, as in https://coinmarketcap.com/currencies/piecoin/ ? I am really confused now No we not talking about the shit coin on the exchanges called pie coin, rather we referring to an internal coin utilized on the paypie platform thats also named piecoin. Anyway, rigorous your explanation makes a lot of sense, hopefully a paypie admin can confirm if it's on the right track cos investors will deem such info vital. |
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is it true, this company/team members is based out of Kazakhstan or are you using the country for tax benefits?
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Which exchanges are you expected to be listed in in 2017 and 2018?
no company will provide any info of possible exchanges pre ico. Several things could go wrong post ico and if investors feel jaded that a promise wasn't delivered, it could really impact the company's reputation |
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I have seen a few of these similar ICOs. How would you compare yourself to your competitors?
What really set most similar ICOs apart, is the ability of the dev team to deliver on the proposed idea. Whichever team an investor feels the most comfortable with, should be the one, they entrust their hard earned money with. |
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So technically they just using this companies SDK, which any developer can choose to utilize. So it's not really a partnership at the moment, just incorporating Sony's data into their code. |
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All internal payments will be managed using ERC20 compatible stable “Pie Coins” that are exchangeable for fiat and pegged 1:1 against major currencies to avoid exposure to fluctuations in the prices of cryptocurrencies.Specifically I am curious how you can peg a crypto token to multiple major currencies at the same time. Pegging a token to a currency is something else than showing an exchange rate. I quote The Merkle's article " What is a Pegged Cryptocurrency?": It is vital to understand one cannot simply claim a coin or token is linked to the value of 1 US Dollar without enforcing this fact, though. To be more specific, the cryptocurrency project owners will need to have the specific amount of US Dollars in reserves at all times to guarantee the pegged value of their cryptocurrency. Hey rigorous remember that anyone can easily create an ERC20 token, i actually made several just for fun. But it's worth nothing, till you create a market for it. Thus the reason i insinuated that the token might only have internal use. Again this is just a guess on my part but as i aforementioned, due to SEC rules, the piecoin might have been conceived as an alternative to incentive Paypie customers/Paypie coin holders. Piecoin might be distributed as a form of dividend (note that i use the word a form to denote that its not an actual dividend) and the distribution could be exchanged on Paypie's platform for fiat. Since it's not the main coin associated with the project and only has internal use, i.e.( Paypie won't provide an exchange for it) this deflects any issue that the SEC rules might pose. As for pegging to multiple currencies, am guessing they will peg it to the currency that's currently worth the most, and use exchange rates from that currency to pay out on other currencies. Again, am just guessing and none of this should be considered viable till statement is obtained from an admin We still need someone to address, if this explanation is on the right note, or if a different approach is been utilized. thanks. |
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Im guessing it will be tricky to pay in REST tokens since the value will probably be changing constantly. The contract will have to be pretty flexible.
I feel the need to bump this question. cos it's quite vital |
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It wouldn't make sense for the Paypie token to be pegged. it would turn off investors. it's good that they clarified that it was an internal coin that will be pegged.
Actually the devs didnt clarified anything yet, its just a speculation here on forum. But since its a hot topic and kinda important aspect of the project, its essential that it gets explained. Actually, you should have read the original whitepaper before making a statement. it was always stated on the whitepaper that Pie coin (an internal coin) not Paypie coin would be pegged. But due to efforts from individuals who rather make aimless uninformed post than read, the information got misconstrued. |
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All internal payments will be managed using ERC20 compatible stable “Pie Coins” that are exchangeable for fiat and pegged 1:1 against major currencies to avoid exposure to fluctuations in the prices of cryptocurrencies.Specifically I am curious how you can peg a crypto token to multiple major currencies at the same time. Pegging a token to a currency is something else than showing an exchange rate. I quote The Merkle's article " What is a Pegged Cryptocurrency?": It is vital to understand one cannot simply claim a coin or token is linked to the value of 1 US Dollar without enforcing this fact, though. To be more specific, the cryptocurrency project owners will need to have the specific amount of US Dollars in reserves at all times to guarantee the pegged value of their cryptocurrency. Hey rigorous remember that anyone can easily create an ERC20 token, i actually made several just for fun. But it's worth nothing, till you create a market for it. Thus the reason i insinuated that the token might only have internal use. Again this is just a guess on my part but as i aforementioned, due to SEC rules, the piecoin might have been conceived as an alternative to incentive Paypie customers/Paypie coin holders. Piecoin might be distributed as a form of dividend (note that i use the word a form to denote that its not an actual dividend) and the distribution could be exchanged on Paypie's platform for fiat. Since it's not the main coin associated with the project and only has internal use, i.e.( Paypie won't provide an exchange for it) this deflects any issue that the SEC rules might pose. As for pegging to multiple currencies, am guessing they will peg it to the currency that's currently worth the most, and use exchange rates from that currency to pay out on other currencies. Again, am just guessing and none of this should be considered viable till statement is obtained from an admin |
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Can somebody from PayPie explain the concept of an "internal coin"? Otherwise these questions will continue to be repeated. There is little information about how that Pie Coin actually works.
Am not a paypie employee but my guess is an internal coin is a coin that can't be traded by the public, it's only usage in within the paypie platform. Only paypie employee have control of the coin and the aforementioned coin cannot be transferred out of the platform. My guess is with the SEC involvement, and issues it created this is a way to incentive PPP token holders without dealing with the wrath created from issuing dividends. It is my belief that the PayPie coin CAN be traded by the public (on exchanges), but it is worthless outside of the PayPie system. It means that paypie coin will only be able to be used inside the PayPai platform, you won't find any other uses for I, you could trade it in exchanges because is a speculative coin I guess, but nothing more, that is a good thing, meaning that if a company want more, they simply must buy it from exchanges or the system. Well that's a point most coins for a direct use will have as long as they are not build to be universal. But that's also a good think that you explained, because it gives a natural demand for it, as in the other direction no other coin can be used here and value will probably rise with time passing. |
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Beautiful undervalued coin with a great developer and a nice market cap with a sane supply.
Wich marketcap dude? Oh! Don't pay him any mind. Just a wandering newbie, trying to lay stakes to raise his post count up. |
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Try to apply on Cryptopia please, i want to buy your coin from there
i don't like nova or the other one
I also would like to see WBC on Cryptopia. Their trading system is quite user friendly and I did not have any issues with the exchange yet. Volumes however tend to be rather low, so it is important that WBC volume is not eaten away from other exchanges. I'm not sure whether or not you guys have looked at the costs involved with being listed on cryptopia but they charge thousands of dollars for a service that many other exchanges provide for much cheaper. It is practically extortion. We do not have the funds available at the moment to make that possible and honestly i think we would be much better off getting on 2-3 other exchanges for the same price as just one. I am hoping nova allows new users to register soon as it is causing a bit of a hindrance for us. Also yes you are correct in that we don't want more exchanges to divide our small volume but at the same time more exchanges means more people which means more chance of higher volume. I do not necessarily know if the coin is ready for a flight to more exchanges as we still appear to be building a floor but i certainly hope and will aim for it in the future. Rather than topia, I say shoot for livecoin or liqui. Am not sure what it takes/cost to get in there but their volume is much better than topia. Anyway, I agree with you about sticking with nova for the moment, the coin has had good daily trade volume on the platform and several successful coins are trading strictly on nova. |
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