The team of this coin inspires confidence much more than others such coins, everything is painted in detail and understandably, I will be stay tuned for this thread.  I agree! Welcome to our thread. The team answers all questions  I've been reading WP and I have questions, maybe because I'm still a beginner Please feel free to ask any questions if you have any. What's not so clear in WP? |
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I can`t understand how you can be useful to business? with Personal loans is less understandable
Very often it happens that small businesses struggle to get loans with lower rates because they have zero credit story. Therefore they are scared to get small business loans. With PayDay Coin such small business CEOs can get a loan with a lower rate for their business idea realization, and keep their business going while paying their loan. |
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Have you conducted any marketing research? Will your project be in demand?
Yes we have. Bank loans are in high demand now all over the world, and each country has their own interest rates. Why not erase the geographical boundaries between countries and issue loans at the best interest for both loan sides? btw do you have any bank loans? Yes. It will be wonderful. I am not better than others, so yes I have a loan. We all want to have a new car I understand you. The only thing scary about loans. So you become dependent on them. More and more you begin to rely on the credit system You're right, most ppl are scared to get loans, cause in many countries loan rates are so high! PayDay wants to change that situation and offer loans for a reasonable rate to those who need them. Hello! What are the rates to be calculated for borrowers? This is the borrowers themselves will determine how much I understand. And what is the deadline for payment of the loan? The rates will depend on the amount of loan, it's return date and on the credit score of the borrower. So, the borrower with good credit score will be able to get larger amount for longer time, than the borrower with a lower score. |
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Congratulation, team! Well done! Good news and I look at you for updates on the site. I had a problem with your wallet a few days ago. Already all problems are solved? We have large amount of transactions within blockchain already. From 3 to 15 per each block and there are already 7000 blocks. So it will take some time to get synch, about 15-30 minutes to synch from scratch. Please let us know if everything's ok now. |
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Have you conducted any marketing research? Will your project be in demand?
Yes we have. Bank loans are in high demand now all over the world, and each country has their own interest rates. Why not erase the geographical boundaries between countries and issue loans at the best interest for both loan sides? btw do you have any bank loans? Yes. It will be wonderful. I am not better than others, so yes I have a loan. We all want to have a new car Agree:) we hope that by using our loans everyone will be able to get new cars, new houses or get business loans. What do you do for life? I work in a bank in ordinary life, . Can I become an auditor in your platform? Hey @sheloa, for sure - apart from your ordinary life you can become a Pay Day auditor by verifying borrowers' docs and therefore becoming their guarantee. When the money is returned you get your commission, not bad right? |
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scam com again very sad news
At least thanks for upping our thread. Though with such words. Anyway, we'll appreciate if you give something more detailed but than empty statements! He just want to increase his posts counter  You're making the same Yes, probably. Well, at least I'm interested in thread. And not just without reason screaming "scam, scam" Now everyone screams scam, on any project. you do nothing about it. There are competitors so work It isn`t necessarily the competitors work or something like that. It just became too much the ICO, and really failed projects. This is a normal reaction to all failures The ICO theme became popular, that's all began to look for ways to earn easy money. I agree with you all members who see new projects immediately say 'a scam', that's why. Even don`t try to understand the topic In my opinion, a good marketing team should work to fight the screams scam. I also had doubts when I first studied this project What helped to kill your doubts?  It's funny to you? I like the work of the support team now. They are always polite and answer all questions Thanx guys, we're totally concentrated on the project and also trying to answer all coming up questions asap. |
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You have KYC requirements under masternodes, yet you are not disclosing your team members?  How can you gain trust especially you are dealing also with lending platforms that everyone else wants to venture with. Good question. I would also like to know the composition of the team? For any credit institution, the reputation of the team is important. That's a good question indeed, but NDA won't let us reveal that. But frankly speaking what will you get from knowing that? There are many successful projects, with no or partial info about the team. Also there are many examples of scam projects, having revealed that info from the very start. We truly believe that it's better to look at what the team is doing for the project and follow their progress, you agree? |
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You wrote In white paper that every participant of the system will have PayDay Card. How will this card be issued?
Hi @sheloa and welcome to our thread. We are going to be partners with several banks issuing such Cards that will be used in ATMs all over the world. By the way what banks your credit cards belong to? You can give more detailed information about the banks. And what type of cards will be supported? Of course we could say somethin like "We're negotiating with the major Swiss banks like CoinSuisse bank and BankOfBitcoin now" , but while we're actually negotiating: 1. There's NDA 2. Any ann of our dead cool plans without prior mutual confirmation is a scam coins' lot. That's why we'll be more specific when we're totally sure of the outcome, and the NDA lets us reveal that. btw what banks are the most popular in your location? Thanks for the answer. Yes, you are right to give verified information. We have a popular bank Ceska sporitelna A.S. Great @sheloa we'll surely consider it too. Europe is a big loans market full of people ready to issue loans to those who need them for a reasonable rate. Hope so. It would be great. Then you will have even more potential investors I would like to have the card from one of this banks! Hope they'll provide them soon! Why do the participants of the system need this cards? It's a strange question, actually Why do you need your debit card? To spend money! And here youll be able to spend your CRYPTOmoney! I meant: will it be my "profit money" or I just can deposit my cryptomoney from other wallets and use card for withdrawing them? I think it has to be only your PDX money. You can find more info in the WP or ask admins here.. Unfortunately, I did not find this information in wp. Apparently it is worth waiting for an answer from the admins That's right, you'll be able to keep your PDX coins in your PayDay wallet. If you need to spend some of that money, you'll be able to get fiat in your currency from any ATM |
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The loan limit and the stake will depend on the credit score of the borrower. That's pretty simple: the loan limit will be as high and required stake from KYC and Auditor masternodes low as the credit score be good. All loaners indicate what credit score they work with. The higher score you have the more potential loaners you get.
It turns out a kind of auction? Yes, sort of. If you have a score X, loan will be issued from those holders, who want to borrow with such score, group with lowest interest will be chosed among them Why should we choose the group with the lowest interest? Maybe biggest? The higher the return % of previous loans, the higher its rate and the lower its credit rate for the borrower and vice versa. Is that clear? |
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I was saying that there is no guarantee of the return of the investment. Did I understand correctly?
It all depends on what warranty you talking about. The only numbers we can warrant are from blockchain math. They hardcoded and unchangeable : 280*0.75 coins reward each 120 seconds evenly distributed across masternodes. So from this PoV you may feel safe. Earlier you get in, faster you'll mine. Say with 1 masternode in network you will get 21 000 PDX in return from 20 000 PDX in roughly 100 minutes. Wow, sounds nice. And where wiil I be able to sold PDX after that? Now we're figuring out the list of stock exchanges where PDX will be traded, take part in our poll here to add your vote! |
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I would like to know more about the project. It looks beautiful, but there are many common concepts. We need more details!
You're right! More and more similar projects are growing. How will we be identified among all this? I really want to see how you differ from the same projects? Hey @Kerandias that's a good question. So, our difference and uniqueness lies in the fact that we are not trying to overstretch ourselves, but to focus on solving a specific problem in partnership with other blockchains (KYC and Insurance blockchains). All similar projects were just trying to take these functions on themselves. Did I manage to answer your question? You Quite answered. I'm sorry that your telegram chat is not very informative. Will you have any activities to attract investors? Our Telegram will soon have more info and announcements, stay tuned! As for investors, we're quite ready and open for them. Now everyone can join and buy PDX on our website paydaycoin.io. Soon we're planning to enter stock exchange. Which of them would you prefer to buy our coins on? That'll be really useful! I don't like bitcointalk communications and prefer telegram. Telegram is currently the best messenger and information source in the cryptoworld, but in my country telegram were blocked. It is a pain. So bitcointalk is also a good tool for communication If your Telegram is still blocked you can use our Discord channel instead https://discord.gg/mpfRekm It has FAQ and support sections, if you struggle with anything we're always ready to help Discord is a bit unconvenient for me, because I'm not a gamer. Well, what will have to get used to. Thank you That's true you getting used to it quite easily. Also you can always use their support when you need to ask something. |
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Hello. I just came across your project. While I'm trying to figure out the details. Can you already have white paper in other languages?
Hi! There's just an English version as we are focused on other tasks at the moment. It's so sad, is there a translation of wp in bounty? For Bounty we decided to focus more on our channels in Telegram and Discord. What language you'd like to translate our wp to? |
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Hello everyone,I just started to study information about the project. I would like to know more information about the insurance structure. How will this be realized?
Hi @bpcguy and welcome to our project! Have you joined our Telegram and Discord already? Back to your question: When issuing a loan, insurance coverage works the following way: 1. A part of the credit body concerning no return is secured with KYC Masternodes stake (don't mess with PoS masternode, these are different masternodes) 2. Another part of the loan body in case of no return is guaranteed with Auditor Masternodes stake 3. The total amount of the support entirely depends on the level of the risk of the application. The higher the risk, the more security deposit to be required by the network. Could you explain the difference between a KYC Masternodes stake and a PoS masternode? Sure, KYC Masternode is verifying the borrower's docs and guarantee that it's done well, and after get their commission for that. PoS Masternode gets their comission from keeping money in their wallet. |
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Can someone explain me the situation with getting a card? How will we receive them? What will the map represent? Will there be problems with blocking?
Hey @crytocyprus We cannot reveal that due to NDA, but we'll definitely announce that as soon as we sign agreements with the major banks. We plan it to be as simple as to get a regular credit card. |
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Hello everyone,I just started to study information about the project. I would like to know more information about the insurance structure. How will this be realized?
Hi @bpcguy and welcome to our project! Have you joined our Telegram and Discord already? Back to your question: When issuing a loan, insurance coverage works the following way: 1. A part of the credit body concerning no return is secured with KYC Masternodes stake (don't mess with PoS masternode, these are different masternodes) 2. Another part of the loan body in case of no return is guaranteed with Auditor Masternodes stake 3. The total amount of the support entirely depends on the level of the risk of the application. The higher the risk, the more security deposit to be required by the network. Yes, I've already joined them, thanks! That's an interesting. But where are this insurance money come from? Who pays them? If you look through the whitepaper, you'll be able to find that info. Part of money will be paid by the KYC masternode by itself. To get a reward you'll have to check the loan details properly and risk by your own money. Ah..thank you for the explanation. Now I got it Do you think will there be a lot of KYC masternodes? Who will risk by their own money? Hey, guys! I think that the profit will be bigger than risks. Also the risk makes KYC masternod owners to check the details on exch loan more properly The risk won't be so big. There will be a couple of masternodes which share risks and profits according to the WP. You are joyful :-\We can`t say that the risks won`t be great. In that project there are a lot of risks. So they can`t be called small. hey @Kerandias What risks in particular are you talking about? |
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Hello, admin!
I didn't get the rules of bot campaign?
It's pretty simple to create that bot and add it to the different chats! How many tokens will I get for that?
Hello! For the each community you added your bot you'll get from 1 to 10 stakes based on the number of answers and the seize of community. You can earn no more than 2%(5200) of tokens, invested to bounty campaign. |
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Thank you for keeping up with us! We're trying our best Any questions so far? |
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Excellent. Do more often such small ads and interesting news That's a good update!! @nucriptobomb Thanks for being with us! The best is yet to come |
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Hey guys, check our introduction video on youtube! It may channel you into PayDay's initial concept and some forthcoming events. Enjoy! https://youtu.be/FpFnk5xpPvA |
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The project looks interesting. If a few questions clarify me a little, I will gladly join. Do I understand you correctly that you will provide banking services using Blockchain?
Hi capricorn121, thanks for your questions! Let me clear it up for you. We're creating the system that provides services similar to banking ones, but based on other principles: the profit from the loan doesn't go to the bank, but is distributed between the end user who issued the loan/ part of the loan, the KYC partner who verified the identity of the borrower and the Insurance blockchain which insured this transaction. Do you have more questions to ask? I'll be happy to answer them all How will the identity of the borrower be checked? Who will be the KYC partner? That's a good question. The identity of the borrower will be checked according to the common rules of going through KYC. did i correctly understand? all participants will have to do the procedure of KYC. And also specify, now KYC at what stage of implementation? You can become not only a PoS masternode, but also a KYC masternode. PoS masternode benefits from keeping money on the account. KYC masternode does the procedure of KYC for borrowers and gets interest from all loans issued to that borrower. Like in a simple example, KYC masternode can do KYC not by themselves but to function as a gateway between PayDayCoin and for example Civic.com So can you describe how it works? What should I do if I become a KYC masternode? hey @genesiscrypto for that you need to check the borrower's docs and verify their identity, after you'll be able to get your commission from their loans. To become a KYC Masternode you have to buy PDX coins and keep them in your wallet to start with. You can buy PDX coins on our website paydaycoin.io |
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