Yes, you will get rewards in form of a profit cut from all our collected fees. The BlockPay tokens will be tradable so you can also speculate on the future price if you want. Please go through the last messages to see all details and also use the search function.


Bingo

Sorry for the delays, Rodrigo and I were on a short business trip and we had really bad internet connection there. I am back to answer all your questions. Thx.


Yes we 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


I was reading a lot of good points from you here. Yes, we are quite different to most other crowdfunding because we are raising capital for an existing, working product that we are promoting at local Bitcoin meetups, Bitcoin bars, restaurants and so on first. BlockPay is a piece of software for all of us. I really can´t wait to drop my plastic and use my phone for payments instead. So much easier and faster.

Here is a nice interview that I gave to Jamie Redman https://news.bitcoin.com/blockpay-businesses-zero-cost/

In comparison to the past big ICO´s Wave and LISK, that are asking to fund an idea, we are asking to fund the continued improvement and instant roll out of BlockPay so that you can use it at a place near you by the end of September 2016. Once we proved our product, we proved our business skills, we proved that we can streamline cryptocurrency adoption in the common markets, then we are ready to ask for the growth booster.

If the market is not ready for our products and cryptocurrencies, even 20 million in funding will not help us. 21, Coinbase, BitPay, and several other companies raised multi-millions but are doing little for mass adoption. They focus on a specific need within the Blockchain community. We are focusing on building easy tools that are based on Blockchain Technology and can be used by Crypto and regular people.

Andreas Antonopoulos already summarized it brilliantly. Bitcoin has been designed by geeks in the past, it is the time that crypto gets the fashion treatment. Next generation UI /UX design and marketing will hide all "scary" hashcodes, brainkey, mining, decentralization, terminologies and focus on easy to understand interfaces instead. The Circle wallet and the GetGem Chat are great steps forward in terms of design and user interface for Blockchain wallets.

Hi Sharma,

thank you for your question. Please go a few pages back and read my detailed answers to this question. Basically, we charge a small fee to the consumer and cut all fees for merchants. 


Hi Roncar, thank you for your great work. Funds are on its way.


Hi Animalroam, See you in slack.


Hi AltcoinScamfinder & Crpto4$,

we sold all 1,400,000 Tokens at around 7 am UTC+1 and moved into Phase 3. The order module changed automatically, the description text did not since that is hard coded.

Altcoinscamfinder, I send you a pm, please check.



Hi golfhuso,

unfortunately, I had to pull the real time counter because the calculation code was not right. It picked up the wrong numbers and did not consider the multi sig cold storage. To avoid confusion I added all our crowdfunding addresses to the site, you can run the numbers anytime. You find the details here: https://blockpay.ch/newsroom/investor-relations/blockpay-reserves/

- Because OPENPOS tokens have been specially created for the BlockPay for Odoo 10 month ago.
- The BitShares Platform will immigrate the "dividend transaction" feature developed by the PeerPlays Platform: https://steemit.com/peerplays/@peerplays/how-does-the-profit-sharing-function-work . Sharedropping is done by a smart contract and costs less than a few cents to thousands of accounts. Truly amazing.
- The total amount of BlockPay tokens is capped with 100,000,000 Tokens.
- We will start with paying out BitUSD.


Hi animalraom, I published a short overview on our website with the current balances and wallets to watch. Please check https://blockpay.ch/newsroom/investor-relations/blockpay-reserves/


Hi davidjcambra,

the BlockPay tokens will be distributed at the end of phase 3. You will be able to trade on OpenLedger first, more exchanges will be added over time. We have to come to an agreement that the centralized exchanges pay the profits forward.

Statups update 24.08.2016: We successfully finished Phase 2 and are now in Phase 3. Amazing!!
Here is a short overview about the current crowdfunding amounts and our public addresses. All info at BlockPay Reserve

Going to answer all your questions now.

Hi Mongwapogi,

Thank you for your request. Yes Filipino translation is under way. The Philiphines are a very important market for us and we are still looking for BlockPay Ambassadors in this region. Maybe interested?

What browser are you using? Chrome is the best choice. You can also download an offline client here here and create an account too.


Forum signatures bounties are coming today or tmr. We are working on the last pixels.

There are no dumb questions. You can buy the Tokens at https://blockpay.ch/newsroom/investor-relations/ and at https://www.ccedk.com/ico/blockpay.

I created a short step by step tutorial here: bit.ly/2c28MgA


Yes, Phase 2 starts once the countdown runs to zero. It is tricky to start a global ICO on a Blockchain and some people send funds earlier then they supposed to. We cannot stop them.


Good question. I can not give you a qualified answer today yet. Let me come back to you.

That is the beauty of BlockPay. The merchants do not need to worry about the market volatility since all incoming crypto funds are exchanged immediately to their local currency. The merchant will not keep his Dogecoin unless he really wants to. He has the choice. Most merchants, however, want to get the money paid out to their bank account directly.

Another important aspect is that we don´t focus our marketing on "Blockchain", we talk about "digital money" and "mobile payment". Blockchain is still scary for most business and we want to reduce their fears, not create new ones. We let business do what they can do best. We manage the rest.


Coffee is always a good choice. I could use some too. Please let me correct you here. The 0.0005 BTC are the initial price per BlockPay token for the ICO. In the Pre-ICO we grant you a special discount of up to 42% (0.000288 BTC). The value of the token will be decided once they are traded on the markets. If they exceed the 0.0005 or stay below will be seen.

Yes, maybe 2x isn´t much, but you never now with crypto. It is the wild west and anything could happen.



Hi Titan20,

that is a very good point. I have a very strong opinion about founders who just found to sell. I really dislike this ideology. What kind of value do you create if you just write up a business plan, seek some funding and hustle 2-3 years only to sell to a big corporation who cannot run the company without the founders? I am seeing that a lot with young business students who come to my monthly Startup meetups. They are founding companies with the clear goal in mind to sell to Google within 3 years... What kind of business man are that?

I like sustainable businesses and do not plan to sell anytime soon. Why sell a good running business? You can hire a good executive team and let them run the show. Rodrigo and I are here on the same page. Short, we don´t sell. To calm your mind, in the unlikely scenario, I will do my best to compensate all BlockPay token holders in the best possible way. A percentage of the selling price should be the minimum.

I think we have to be clear here, ICO and Blockchain-based crowdfunding are new tools for startups like us to grow. We are all exploring the best strategies and methods to make it right. I am open to further discussions how to set better ICO standards and processes for many other great Blockchain ideas yet to come. I am promoting Blockchain technologies at every meetup I go, at every event I organize. That is 3 events a month plus big events like the Bits & Pretzels. I want to see more Blockchain-based Startups on the market.


BlockPay tokens work like OPENPOS tokens. Just that OPENPOS is limited to all revenues from BlockPay for Odoo, BLOCKPAY token itself is open to all revenue streams of our company. Before we create a token for each product we build we decided it is better to set up a company-wide tokens and to let everybody participate.

We can raise in this Pre-ICO a total value of 1,483.20 BTC. Independent if people use Ethereum or Dash tokens to invest. Market volatility will apply.



Because we just started to integrate into Point-of-Sales systems. SAP, NCS, Erply, Shopify, WoCommerce and much more are next.


Thank you MartiniBlanco for your support. We take this company very seriously and built high-quality products for everybody.

Yes, it is actually a distinction. Please correct me if I am wrong, Plutus allows you to charge up an NFC card with Bitcoin and pay at every store, however, the merchant has to pay the standard visa and MasterCard fee with Plutus. This makes it easy for Plutus to give its users a tool to spend their crypto at every store, however, it does not solve the merchant problems and their high fees. Plutus is using the MasterCard network after all. It is a win-lose for crypto users and business. The store loses. At the end Plutos charges a 1-4% fee to the user in terms of a Bitcoin price mark up.

BlockPay on the other end is free for merchant and charges a small flat fee of 0.5% to the consumer, but allows them to directly pay the merchant with digital, and the merchant receives digital at zero cost. The merchant does not pay the mastercard fees and has solved fraud, chargebacks, counterfeit etc because he gets real crypto! That is a giant difference. So with BlockPay we have a win win situation for the user, he pays less, and the business, he pays zero.

Hi titan20, I see a lot of good questions here. Lets get to the juice details.

1. Yes, the merchant gets a BitEUR, BitUSD etc. which is a Smart contract token on the Graphene Blockchain. They work like the Steem Dollar. So in an example MC Donalds gets 1,000 BitUSD in their Blockchain Wallet, the value is 1:1 to Fiat USD. Now MC Donalds can set up auto settle and send the BitUSD to a Gateway like Kraken, Coinbase, Coinsbank, etc. The funds will be sold automatically and the merchant receives his 1,000 USD - Fiat Gateway fee at his Bank account the next day. (We are talking about a few exchanges about the direct conversion already, an own gateway service is also planned to cut costs and time.)

2.  The Merchant has a couple of options that we want to encourage
a) He converts into Fiat and leaves the Blockchain wonderland
b) He keeps the crypto and pays his salaries to employees
c) He keeps the crypto and pays in supplier in China in a few seconds
d) He keeps the crypto and purchases marketing, consultancy, or other services

You see the power? Where we want to go

Of course, we want to make the conversion from Digital to Fiat as smooth as possible, but on the other side, we want to make the Digital Blockchain world as attractive as possible so that Business keep their funds digital and pay it forward. New Digital Cash.

3. You have to split the fees into different sections.

a) We have a flat fee of 0.5% added as "tax" on each transaction
b) From this turnover, we pay up to 15% sales commission to our BlockPay Ambassadors, for each store a BlockPay Ambassador adds to the Network. We have +50 Ambassadors in +28 countries already. The application is still open.
c) OPENPOS token holders will get 0.5%*50% of all transactions fees generated from an Odoo POS - Terminal. If an Ambassador sales a BlockPay in Odoo system to a store or chain, his commission will apply. The rest of the fees will be added to the general distribution pool.
d) All other fees will be pooled and distributed after all company expenses are covert.
 
e) BlockPay in Odoo is going live Q4 2016, so we don´t have any transaction fees to share yet. However, our early OPENPOS supporters gained a 3-4x ROI with our current buyback. We collected around 25,000 USD last year and buyback OPENPOS with BlockPay tokens in the value of 100,000 USD in phase 1 of our Pre-ICO. This is a special event to thank our early supports because our company would not exist without their support.



We can raise in this Pre-ICO a total value of 1,483.20 BTC. Independent if people use Ethereum or Dash tokens to invest. Market volatility will apply.


Hi Roncar,

thank you for your reminder. I get a lot of translations request lately. Please make sure you have your language in the title too so that I know if your language is already covered. I will come back you asap. Thank you.

Yes, the Shopowner can decide which currency to receive. A Shop in Europe, can get Euro but also USD or Bitcoin if they choose so. We are planning to provide a broad spectrum of currencies, including digital assets like Digix Gold etc. I hope we have the right currency for each merchant.

Hi Alctcoinscamfinder,

first respect to your name and your efforts to find the bad guys. Crypto needs more people like you! Now to your questions.
Plutus.it is an interesting concept, we meet the founder in Berlin at the GTEC Blockchain Innovation Awards 2016. Rodrigo and I where pitching next to Plutus. Here is the link to our pitch of Echo at the GTEC Event in May. https://www.youtube.com/watch?v=iGXRzTvrZSY

There are many good reasons to take a closer look at BlockPay and the other products we built. First we support all leading Blockchain currencies and give senior currencies like Peercoin a new tool to use their coin. Dash is already very excited about BlockPay. Second we do not charge fees to the merchant. The business owner gets 100% of the funds he requested within a few seconds. In some cases even in 3 sec, P2P. Since its crypto money, the business can immediately pay it forward. Third BlockPay is available for all kinds of platforms, today for Android and in Odoo, tomorrow for iOS and as open API for your business.

We have several working proof of concepts and several stores with BlockPay here in Munich and are fully incorporated in Denmark (see details in previous posts). We are also talking to major supermarkets, hotels, travel agencies, restaurants etc. for upcoming integrations. Stay tuned on that. Here are some testimonials https://www.youtube.com/watch?v=AsDviOilatE


Thank you Smith + Crown for your great article! You are a great resource for ICO´s in our Industry. Keep up the good work.

I answered the questions in this article already. Thank you cyberhacker for the cool website and your post

Thank you, your payment is on its way.


Phase 1 is only for OPENPOS holders. We are grateful for our early supports to invested in us early on. The Pre-ICO will start on Tuesday 23th.



Hi Lil jay let me help you with your concerns. I have to correct you but Odoo is not the biggest POS Software provider on the market. Odoo is more a niche player in terms of POS Systems. Odoo has over 60,000 Business Partners who use their software to manage their business and some business has hundreds of stores all over the country. In comparison to the big players with +200,000 Business Partners the Odoo market will be limited. We already started to talk to more POS System provider for future integration, including Shopify and more. BlockPay tokens give you the chance to participate with our global business. We want to provide more than a simple gold mine, we provide marketready blockchain tools reaching for mainstream consumer adoption.


We have talked with many Investors, Angels and VC over the last months and realized over time that we cannot give back as much as we want with a big VC eating up all our power to guide our ship. Inspired by the recent Blockchain ICO´s we decided to follow their success.

Yes we offer a special ICO because we also offer three very unique products and platforms. Each is unique and solves many burning pains that are still open on the market. For example a universal point of sale platform for merchants that does not cost the anything. Finally communites can use Peercoin, Dash or Litecoin to buy products in stores. Echo on the other end combines highest encryption, IPFS decentralization and the most powerful blockchains in one WeChat killer app. WeChat has over +700 million users, with 80% using the app for daily mobile p2p payments... But only CNY, no USD, no BTC, no Gold, Silver... Echo will be a universal chat platform where users can add their own curreny and exchange it with their friends in a chat window... BlockPay and Echo are two foundational systems for the whole Blockchain industry.

Since Christmas 2015 we were able to build:

-	Smartcoins Wallet for Android
-	BlockPay “S”
-	BlockPay for Odoo

We are now starting our Pre-ICO with “BLOCKPAY” tokens and will use the funds for the following:

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

Hi Titan20,

Please let me help you. BlockPay, Echo and Stealth transactions are all three products from our incorporated Startup BitShares Munich IVS, registered in the Kindom of Denmark. This is our mother company and we probably will set up local subsidiary companies for tax and tec support reasons. However, all product development and R&D is done in our mother company.

All revenues from BlockPay, Echo, Stealth and from our future products will be shared with all BlockPay token holders according to their stake in tokens. We also offer a white label Blockchain wallet and other services regarding digital payment infrastructure which will be added too. Fiat Gateway services are planned too.

Most ICO tokens see high volatility and in the best cases a steady increase in value due to the value added from the company. We want to add as much value to the Token and their holders as possible.

Hope that helps.

Not yet, Signatures are coming.


Familiar as a dev or as a business? Send me a pm, I am always interested to connect. Thx.


Send me a pm. I will sent you the details.