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The new hyped is NFT and it can be easily said that there will be a use market of it . What is your thinking about this do you also work on this?
In the near future, FYFY launches its own NFT platform which will allow users to buy and sell their digital valuables such as videos, game characters, pictures, music, and other items that can be stored in a digital form. |
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Hurry!Only 36 days to go!
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Crypto have the special feature that users can transact any amount of money even it’s a fraction of dollar. And we need this feature for many of our purposes specially when we only need micro payment. To whom or what Fyfy is for?
Fyfy ecosystem is primarily for e-commerce businesses and customers who use online shops to purchase goods or services. Fyfy suits those who seek a solution for secure and instant transactions with low fees. |
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Hey there, I am quite new to crypto world and don’t understand many things. What is this DAO? Can you please tell me.
6. DAO is a decentralized autonomous organization. DAO ensures that decisions for the ecosystem developments are governed by proposals and voting. Currently, Fyfy operates as an individual organization but aims to become a registered non-profit association as soon as possible. |
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feeless micropayments is likely to give rise to new business models that entail transactions worth fractions of a cent. Is Fyfy Token a stablecoin?
No. It operates as a separate digital asset. |
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There are already tradition business who are working for micropayment and it seems they are quite good at their job . Although they charge al ot but that's is need for surviving. Do you think you can survive in this competitive market?
Thanks for your opinion. Yeah, you are right It's little bit competitive. But we have some unique feature that would keep us ahead from them. The present transacts method takes too much time but we are solana based system which will accomplish a transaction within few seconds. And we are mostly free but other companies take way high transaction fees. And we have many more feature if you want to learn more please visit our website. |
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It is not very profitable service model for many companies, many companies take high fees so that they van be profitable.it is quite complex due to the micro amounts. How Fyfy solves the issues of micropayments?
To this day, micropayments have been an unprofitable business for any company due to the high fees of a single transaction. Fyfy ecosystem enables microtransactions profitably by using blockchain as an underlying technology. |
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How do i vote for the ecosystem? what is the procedure for that? what kind of benefit have the voting system? can you please elaborate?
Do I have to have Fyfy Tokens to have a right to vote? Is there any minimum token that i have to main to vote? Yes you do. Any amount of tokens is accepted. |
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How do I transfer digital assets in Fyfy ecosystem? do i need to download the app or i can just visit your website and after logging in i can transfer it?
Fyfy offers Fyfy Pay, which must be downloaded from the app store. |
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How do i vote for the ecosystem? what is the procedure for that? what kind of benefit have the voting system? can you please elaborate?
Please look at our whitepaper, all the Information on ecosystem voting is described in the whitepaper. |
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what about the audit? Do you have any plan to audit the project and when it would be held? Who are going to audit it?
IT security audits will frequently test the Fyfy ecosystem. The audit consists of the entire ecosystem of Fyfy. New and existing Smart Contracts in Solana and Ethereum blockchains are verified such that the contracts contain no vulnerabilities to external attacks particularly. Nevertheless, untested versions of the ecosystem are not published. The Fyfy ecosystem aims to deliver the highest level of trust, safety, and transparency. |
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Why did you target the stable coin only I mean there are a lots of coin there with many benefits and they give good return also?
Stablecoins follow the value of the most widely known FIAT currencies. Thus, stablecoins are not exposed to the volatility of digital assets. Moreover, stablecoins will be heavily regulated, which protects consumers and businesses. Unlike FIAT currencies, stablecoins can be transferred extra fast and securely with proper technology applied. |
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Hey i saw a thing that you called as treasury escrow, What is Treasury escrow? And what is the purpose of it to fyfy payments, what kind of advantage it will bring to this ?
The treasury escrow is an allocation of tokens that is governed by the Fyfy community. Treasury escrow includes only Fyfy Tokens, and the community can vote what is the purpose of these Tokens. Fyfy Tokens allocated to the treasury escrow can be used for farming, airdrops, and ecosystem development grants, for example. |
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As all of the transaction are being accomplished by using the fiat currency and you are going to work on crypto,
How would you get people on board? If they continue to using fiat then there is no point to do this.
You know that how world is changing, people are changing also their behavior. We are going for a world where we will use crypto more than the fiat. We see a lot of activity to be it the reality. Many corporate and organization allowed crypto and other are going to soon. Then we won’t have to worry about it. |
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I am little bit confused that what airdrops are actually be on this. because you mentioned private and the other thing which isn't clear to me. Can you please tell me that What are private and collective airdrops?
Collective airdrops are meant to deliver for all the participants or the token holders in the ecosystem, independent of the individual activity. Private airdrops are meant to be allocated to individuals or groups of individuals who have made significant amounts of work for the ecosystem. In other words, private airdrops are rewards for those who have participated in the ecosystem development. |
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Micropayment consider one of the trickiest section considering other payment. It’s very small and hard to ledger
because of high volume. That’s why it’s fees generally a little bit higher. But you are going to keep the fees low.
Do you think you can make it profitable business model?
To this day, micropayments have been an unprofitable business for any company due to the high fees of a single transaction. Fyfy ecosystem enables microtransactions profitably by using blockchain as an underlying technology. |
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Micropayments are not a new concept. Since the mid-1990s, micropayments have experienced varying degrees of popularity. By definition, micropayments are transactions whose value is less than a certain threshold. How can I buy the tokens, what will be the procedure?
You can simply go to our website, there you will be found a button “Buy Token” just follow the link and rest is very easy you can do easily. |
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Hey there, you didn’t mention that What will be the transfer fees and how much time will it take to finish the transaction?
Could you please answer it?
As we are lowering the fees we make the fees 1% and the confirmation time will be 0.5 sec customer to merchants. Which will on the record of smart contract. |
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So, as you are working business to business model. You can’t target the whole business world at a time.
What is your prime target or niche to serve for?
Fyfy ecosystem is primarily for e-commerce businesses and customers who use online shops to purchase goods or services. Fyfy suits those who seek a solution for secure and instant transactions with low fees. |
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