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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][POS][MASTERNODE]⚡️PayDay-Unique global loan mechanism based on blockchain⚡ on: May 04, 2018, 08:58:23 PM
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?

@bpcguy, that's quite easy, e.g.: the borrower comes up. KYC masternode checked their ID. Auditor checked their docs for credit purpose. After that KYC and Auditor have to kinda vouch for them. KYC masternode freezes a part of their stake as a guarantee, that the ID is checked well. So do the auditors (more than one) - freeze their parts. If money is not returned, these frozen stakes go to loaners (wallets owners issuing the loan). If money is returned, than these parts are not frozen anymore and can be used for further work. And all participants get their interest. The network will adjust the insurance deposit by inself. In case of 10% of non-returns the system will require 10%+ interest rate of all insurance deposit. E.g.: 2% money from KYC, 8% money from 4 Auditor - so 2% from everyone. However, according to BRAC report (http://www.brac.net/sites/default/files/BRAC-at-a-glance-december-2012.pdf , page 3 ) and Muhammad Yunus experience repayment rate is 98.76%
I don`t quite understand what is the benefit for us now in acquiring your tokens? Will we have any special conditions on the platform afterwards?
The benefit is profit, we are all here by way of profit

Which way can we get any profit?? I can't afford to buy a node, but I want to start mining.

You can try the airdrop and bounty. They'll give you free tokens!

I'm talking about another ways. Maybe, decrease the cost of the node.
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][POS][MASTERNODE]⚡️PayDay-Unique global loan mechanism based on blockchain⚡ on: May 04, 2018, 08:18:47 PM
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?

@bpcguy, that's quite easy, e.g.: the borrower comes up. KYC masternode checked their ID. Auditor checked their docs for credit purpose. After that KYC and Auditor have to kinda vouch for them. KYC masternode freezes a part of their stake as a guarantee, that the ID is checked well. So do the auditors (more than one) - freeze their parts. If money is not returned, these frozen stakes go to loaners (wallets owners issuing the loan). If money is returned, than these parts are not frozen anymore and can be used for further work. And all participants get their interest. The network will adjust the insurance deposit by inself. In case of 10% of non-returns the system will require 10%+ interest rate of all insurance deposit. E.g.: 2% money from KYC, 8% money from 4 Auditor - so 2% from everyone. However, according to BRAC report (http://www.brac.net/sites/default/files/BRAC-at-a-glance-december-2012.pdf , page 3 ) and Muhammad Yunus experience repayment rate is 98.76%
I don`t quite understand what is the benefit for us now in acquiring your tokens? Will we have any special conditions on the platform afterwards?
The benefit is profit, we are all here by way of profit

Which way can we get any profit?? I can't afford to buy a node, but I want to start mining.
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][POS][MASTERNODE]⚡️PayDay-Unique global loan mechanism based on blockchain⚡ on: May 04, 2018, 01:18:33 PM
Any updates, admin?
I tried to reach the telegram chat, but it seems there is some problems for all the european users, and it doesn't work Huh Huh Huh

That's a main reason why all of us should use decentralized systems on blockchain

We should create a decentralized telegram! Or maybe the payday team willl take that as idea for another project!
Already there are such projects. But ⚡️PayDay team can offer better solution
I'm interested to know examples  projects. I haven`t met yet. I think the team will be able to perform any task
I dont think that it will be correct to give names to these projects in this thread, but I can write you examples in a private message. Yes, I agree, the team can perform any task
Interestingly, I would also like to know examples of successful projects. I think everyone is interested. Because I haven`t seen this before. It seems to me that  the messenger based decentralized systems on blockchain could become popular
Problems with messengers is a disaster. Today I had such a problem. So I can agree the idea is excellent
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][POS][MASTERNODE]⚡️PayDay-Unique global loan mechanism based on blockchain⚡ on: May 04, 2018, 01:16:35 PM
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?

@bpcguy, that's quite easy, e.g.: the borrower comes up. KYC masternode checked their ID. Auditor checked their docs for credit purpose. After that KYC and Auditor have to kinda vouch for them. KYC masternode freezes a part of their stake as a guarantee, that the ID is checked well. So do the auditors (more than one) - freeze their parts. If money is not returned, these frozen stakes go to loaners (wallets owners issuing the loan). If money is returned, than these parts are not frozen anymore and can be used for further work. And all participants get their interest. The network will adjust the insurance deposit by inself. In case of 10% of non-returns the system will require 10%+ interest rate of all insurance deposit. E.g.: 2% money from KYC, 8% money from 4 Auditor - so 2% from everyone. However, according to BRAC report (http://www.brac.net/sites/default/files/BRAC-at-a-glance-december-2012.pdf , page 3 ) and Muhammad Yunus experience repayment rate is 98.76%
I don`t quite understand what is the benefit for us now in acquiring your tokens? Will we have any special conditions on the platform afterwards?
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][POS][MASTERNODE]⚡️PayDay-Unique global loan mechanism based on blockchain⚡ on: April 26, 2018, 09:17:39 PM
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 Smiley

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
6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][POS][MASTERNODE]⚡️PayDay-Unique global loan mechanism based on blockchain⚡ on: April 26, 2018, 05:02:38 PM
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 Smiley
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?

Isn't that written in the whitepaper?? I think I heard this info somewhere..
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][POS][MASTERNODE]⚡️PayDay-Unique global loan mechanism based on blockchain⚡ on: April 24, 2018, 05:26:05 PM
Hey, guys. I heard about your airdrop. How does it work?

Haven't you see this https://bitcointalk.org/index.php?topic=3337548 thread?
All rules are pretty simple. Maybe you also need a link to the white paper? Grin


Oh, thanks. I found this thread but didn't understand rules. Will I get tokens just after I sign up? Or I will have to wait?
8  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][POS][MASTERNODE]⚡️PayDay-Unique global loan mechanism based on blockchain⚡ on: April 24, 2018, 05:10:52 PM
Hey, guys. I heard about your airdrop. How does it work?
9  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] Saifu: One Account For All Currencies & Cryptocurrencies on: February 28, 2018, 02:47:02 PM
I hope this project will be supported and succeeds! Good work, keep it up!
By the way, can you link me your roadmap? I want to examine your plans more closely.
roadmap on http://ico.saifu.ai/

They didn't add any proper dates even in updated roadmap.
I hope the release will be in summer.

They got their softcap. It should be released faster. I need to withdraw my bitcoind into the beautiful house somewhere in Czech Republic

That means nothing. They could develop the product till the end of the year.
Actually, how are you going to prove the source of income? And what are you going to do with taxes?


Hmmm...
It's a complicated question. I think I'll be able to withdraw my money with the Saifu debit card. But I don'tknow for surewhat about taxes.
Maybe I'll ry to find some house that I could by for cash. PROBLEM SOLVED!
Are you already so far in the future? I don't think about buying a house. We need to see how the project will develop
10  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] Saifu: One Account For All Currencies & Cryptocurrencies on: February 28, 2018, 08:38:13 AM
when i get Saifu card, i can withdraw cash from ATM ?
off course, it's like a bank card Cool
oh, so i "want it all and i want it now"  Grin
I see you are not only a fan of Saifu but also Queen Grin Great choice! You know will the card be delivered to Russia?
yo, i want a card with Queen on it!! \m/
can we create custom design card in future?
Grin nice idea
but for me is more interesting will Saifu card have paypass?
Cards with the image Queen. We are still writing our secret song, or we can change the song 'Barcelona' a little bit. Saifu
 The moment that you stepped into the room
You took my breath away
I'm kidding  Grin We will get a custom design cards and use cards with depressive design Saifu.
You don't like Saifu's design. Why?
11  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] Saifu: One Account For All Currencies & Cryptocurrencies on: February 27, 2018, 05:37:12 PM
Why is there no information about advisors? Maybe I missed some information about it?
You should read WP. There is complete information about the team and advisor. An update was made the other day
On the site and in WP were the updates? It is necessary to read. Thanks! I should often visite telegram
12  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] Saifu: One Account For All Currencies & Cryptocurrencies on: February 24, 2018, 07:33:07 PM
I wrote this list specifically for the project team and the thread members who gave me advice
The project  looks interesting, but there are moments and I doubt it
1. as soon as the project started, it was announced by the ICO it was written on the site.After that it was changed to the presale.
2.The sudden introduction KYC. At the start of the presale, no such conditions were required
Waiting for the status check can take up to 2 days. Cool I'm happy, especially when I wanted to buy tokens at a discount

3. Payments in usd. If I'm not mistaken the restart wire transfer we have been waiting during a month. I was tired  to listen  to the promises  the team
4.Promo-codes, great ideaand awful implementation. People write  a few days of support over and over to get their promo-code.

5. Again, the team's problems with the dates. They announced the extension of the ICO, but nowhere will they change the date. Even here the thread still displays the date of March 11 . BUT New date April 30 now!!

6. Separately, I want to say about social media. They simply don't exist. DON'T USE twitter and fb. It is important for me to receive information about the product. I don't use telegram every day and many things are a surprise .
Twitter Chairman of the Supervisory Board, Co-Founder Alexander Legoshin. WHY CLOSE? After all, now is the time to promote and support the project. I believe Co-Founder is the product's reputation
7.The partnership with ICOBOX. Seriously? Now it's clear why everything is going so slowly and crookedly in your project

8.SUPPORT
I just want to cry. The lack of real photos of employees, What nonsense?
Nicholas with a photo of a bearded Asian or Lucas, who is rude in the chat. Some kind of incomprehensible Francis.Does she even know how to write correctly? And this is a girl in general?
Why not make corporate photos? In this case, real. Oh, and where did the practice come from bots and pick up at users? This can be seen immediately.


Omg, you're such a whiner, dude.

Don't be rude, man.
I'm interested in some answers for the questions from the list too.
What about social medias, team?  Really. A lot of investors use twitter. Also you don't use Reddit at all.

P.S. I got my promo-code as soon as I asked for it. Have you tried asking?


Lol. Are you have a personality disorder?



First I thought: "man, you like this project and there is a guy who are whining about some things in it" so I insulted him.
But after that I drank a beer and decided to change my mind. Actually darth have some clear thoughts in his message.
So let's drink to the speed of thoughts and the project promotion. Greetings from Germany. How will the project work with us? How can I withdraw money? I missed an important event. What happened? What is AMA?
13  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] Saifu: One Account For All Currencies & Cryptocurrencies on: January 15, 2018, 04:36:18 PM
Hi devs!
 I deposited BTC to buy some tokens  but there is no coins yet. What happened?
The delay is caused by our payment partner. According to CoinPayments, the update should be published on their Facebook and Twitter when the problem is resolved:
https://twitter.com/CoinPaymentsNET/status/952598386431217664

Don't worry, your BTC won't get lost😊 Can I help you with anything else?
Okay, Thank you. I will follow the news. Successful start of the ICO
14  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] Saifu: One Account For All Currencies & Cryptocurrencies on: January 15, 2018, 04:16:16 PM
Hi devs!
 I deposited BTC to buy some tokens  but there is no coins yet. What happened?
15  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][pre ITO] MIT presale / Musical Instrument Token - With value safetynet on: January 10, 2018, 06:21:21 PM
Can I invest with BTC?
16  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][pre ITO] MIT presale / Musical Instrument Token - With value safetynet on: January 10, 2018, 06:07:59 PM




I am very pleased to announce that MIT will be the first token on top of Sirius as a smart contract.

https://bitcointalk.org/index.php?topic=2609407.0

The new MIT will be very different, almost none of the terms in this thread will apply. There will be a new thread and a new pre sale, without 55 pages of terms, MIT will no longer be linked to Klijnsmit Guitars, there will be no MIT buy back.

More information soon.

The pre sale listed in post 1 is NOT active right now
Great!
17  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][ICO] Velix.ID - A Global Platform For Frictionless Identity Verification on: January 10, 2018, 06:01:35 PM
Hello! Can i read your WP?
18  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] Saifu: One Account For All Currencies & Cryptocurrencies on: January 10, 2018, 05:50:10 PM
Cool!You guys are great. This is the protection of my investments. Thales is best!
What's so special about this news?
Money they have stored on special bank accounts, to which the bank does not have access.Safe storage and great convenience: all the trouble with the private / public keys and the blockchain Saifu  takes over. Also, Thales, a leader in critical information systems, cybersecurity and data security.
It`s really great news! Saifu  can become a leader among same projects
19  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] Saifu: One Account For All Currencies & Cryptocurrencies on: January 10, 2018, 05:26:33 PM
Cool!You guys are great. This is the protection of my investments. Thales is best!
What's so special about this news?
20  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] Saifu: One Account For All Currencies & Cryptocurrencies on: December 21, 2017, 06:42:33 PM
Hello everyone! What news about project do you have? I saw you updated your site  Smiley
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