[ANN - Pre-ICO] BlockPay - Zero Cost, digital currency Point-Of-Sale systems

[Crypto_MERC]

I have a question to the community. What is the best way to pay out profit shares to all stakeholder? I have my a good solution in mind, but I want to get your feedback too.

a) Direct profit payout to account
b) Buyback on the market

I stated before that my biggest concerns are that exchanges like Poloniex. What if they will not pay forward the profit shares to the rightful owners? Lets us assume we pay 0.10 USD per BlockPay token, and share drop that to all holders. How can we do that on Poloniex or Bittrix?

How are other coins doing that part? Ethereum, Plutos, etc.

Chris,

Three things are necessary to see the tokens 'successfully' appreciate:

A. Underlying businesses should prosper. (You should focus on this, and then broadcast the successes and milestones in order to generate interest & excitement.)
B. Issue a token with a finite issue. (You have too many tokens on the shelf - look for excuses to burn them, in a verifiable burn account.)
C. Have the token intrinsic to the function of your product, or have them share in profits in a predictable, contractual way - this is what you are enquiring about.

My initial thought is that, at this early stage you really need all cashflow to continue to grow, so frankly you don't have cash to give back to token holders. I would like to see you focus thus:

A: Grow the underlying business, and brag/publish your success milestones in order to facilitate token price appreciation.
B: Burn excess tokens as aggressively as you dare - and tie the burn rate to Blockpay++ expansion, if you like.

My 2.

I like this.  I definitely think you guys should focus on the business first and forget about profit sharing.  Use those profits to burn future coins (aggessively as stated) to get the total number down.  I agree that ~99 million is too many tokens for the value to take off.

This way you don't have to worry about the exchanges paying it forward, because in theory you will be by reducing token count and increasing prices.

[1715372857]

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[1715372857]

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[1715372857]

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[mandica]

Hi Mandica,

Yes, we are currently reaching out to other Crypto exchanges and try to figure out the best way to add our BlockPay tokens to the exchanges. I am also working on a short tutorial to show you how to trade BlockPay with Open.BTC on the OpenLedger Exchange.

I have a question to the community. What is the best way to pay out profit shares to all stakeholder? I have my a good solution in mind, but I want to get your feedback too.

a) Direct profit payout to account
b) Buyback on the market

I stated before that my biggest concerns are that exchanges like Poloniex. What if they will not pay forward the profit shares to the rightful owners? Lets us assume we pay 0.10 USD per BlockPay token, and share drop that to all holders. How can we do that on Poloniex or Bittrix?

How are other coins doing that part? Ethereum, Plutos, etc.

I would prefer a)
I don´t know how other coins are handle it but fact is, it´s doable. Maybe you should ask polo, bittrex directly (i presume they have to split the payout)?! As for your concerns: As long as they don´t get hacked i have no doubt they will pay.

...ah and don´t forget:

NEVER safe your coins on an exchange!


ps: Thank you very much for the bounty!

That brings forth another question, will there be a wallet for our Blockpay token? I mean a local wallet that can be downloaded and can run independently.

[DaddyH]

So is Phase 3 still running or not? i see a post from yesterday stating:

Phase3:   3,000,000 tokens   @ 0.000360 BTC tokens/each   28% Discount   Running

...but i then read ICO is now closed. I'd like to invest if it's not too late.

[kellendil]

So is Phase 3 still running or not? i see a post from yesterday stating:

Phase3:   3,000,000 tokens   @ 0.000360 BTC tokens/each   28% Discount   Running

...but i then read ICO is now closed. I'd like to invest if it's not too late.

Unfortunately ico is already over.

[Crypto_MERC]

So is Phase 3 still running or not? i see a post from yesterday stating:

Phase3:   3,000,000 tokens   @ 0.000360 BTC tokens/each   28% Discount   Running

...but i then read ICO is now closed. I'd like to invest if it's not too late.

Yep...ICO is over and if you want to purchase some, you can head over to openledger and trade there.  

I bought a little at the 3rd ico stage, and over the last 24 hours have traded bts for blockpay on openledger.

[favdesu]

So is Phase 3 still running or not? i see a post from yesterday stating:

Phase3:   3,000,000 tokens   @ 0.000360 BTC tokens/each   28% Discount   Running

...but i then read ICO is now closed. I'd like to invest if it's not too late.

they're traded on OpenLedger https://bitshares.openledger.info/?r=fav/#/market/BLOCKPAY_BTS

[favdesu]

Hi guys,

I have a n00b question, I sent some BTC via openledger (bitshares.openledger.info) to purchase blockpay tokens (2nd pre-ICO). When will I see them in my openledger account?

Thank you for your help!

they issue the tokens today. should be there in 24hours I think

Anyone received their tokens yet?  I realize the drop is today, but was just curious.  Kind of wish there was a better way to tell of your order status.

Agreed

Happy to see this successful crowdfund as well! I am also patiently waiting for tokens. 

Still waiting for my tokens... anybody has the same issue?

still being distributed, you can follow it here http://cryptofresh.com/u/ico.blockpay

[nightandday]

Had someone recommend you in one of my trading groups. Interesting project. Not into ICO... when will it become public? I am more interested in using the software.

[rnr]

Got them. Deutsche Pünktlichkeit

[Mercurius777]

Got my Blockpay tokens today, thanks a bunch! Everything worked smooth even though I misspelled my account name on one order, but support and devs fixed it (:
So far no dumping, everyone is holding on to their tokens, nice, the overall impression I get from this project is overwhelmingly positive.
Keep up the good work!

Where are you guys storing your tokens?

[favdesu]

Got my Blockpay tokens today, thanks a bunch! Everything worked smooth even though I misspelled my account name on one order, but support and devs fixed it (:
So far no dumping, everyone is holding on to their tokens, nice, the overall impression I get from this project is overwhelmingly positive.
Keep up the good work!

Where are you guys storing your tokens?

why should you dump... this level is literally not worth it, don't forget that they pay out revenue dividends

[Chris4210x]

Most BlockPay tokens should be distributed by now. Please let me know if you need some. We had some people who misspelled their accounts, so we are still working on the last couple ones.

Thank you also for the cool feedback. I will definitely consider that and we will talk about these topics over the next weeks. I am now very excited to show you all BlockPay "S" very soon. We are just getting new servers up so that the system will run super fast and secure.

That brings forth another question, will there be a wallet for our Blockpay token? I mean a local wallet that can be downloaded and can run independently.

I can recommend you two wallets to store your BlockPay tokens.

One is our own mobile wallet for Android: Smartcoins Wallet
You can set up a second account and transfer the tokens or import your existing account into the Smartcoins Wallet.
play.google.com/store/apps/details?id=de.bitsharesmunich.smartcoinswallet

Second option is to download the desktop client for the BitShares Exchange here:
https://github.com/bitshares/bitshares-2/releases/latest

The Lightclient is super fast and you store all wallet and private keys locally on your machine. This makes it very easy to manage all your funds.

Hope that helps.

cheers Chris

[AltcoinScamfinder]

Got my Blockpay tokens today, thanks a bunch! Everything worked smooth even though I misspelled my account name on one order, but support and devs fixed it (:
So far no dumping, everyone is holding on to their tokens, nice, the overall impression I get from this project is overwhelmingly positive.
Keep up the good work!

Where are you guys storing your tokens?

why should you dump... this level is literally not worth it, don't forget that they pay out revenue dividends

Plutons are trading at 4x ICO already, selling blockpay seems pointless at ICO+25% or something.

[DaddyH]

So I just purchased some tokens (from bitshares) for just under Phase 3 prices. Not many (less than 1000) - but i think it was a shrewd investment.

[Sam123]

Got my Blockpay tokens today, thanks a bunch! Everything worked smooth even though I misspelled my account name on one order, but support and devs fixed it (:
So far no dumping, everyone is holding on to their tokens, nice, the overall impression I get from this project is overwhelmingly positive.
Keep up the good work!

Where are you guys storing your tokens?

why should you dump... this level is literally not worth it, don't forget that they pay out revenue dividends

Plutons are trading at 4x ICO already, selling blockpay seems pointless at ICO+25% or something.

In which exchange plutons is selling 4x ICO
Thanks

[cryptoba]

Hi Chris,

All my Blockpay Tokens have arrived safely on my OpenLedger account. Thank you for that

I have 2 questions:

- Are they safe on the OpenLedger plateform? Where would you keep yours?

- A part of my tokens are for a friend, he could not fully complete the OpenLedger Integration on his iOS device, what would be the best way to transfer the Blockpay Tokens?

Best Regards, Charles

[Crypt1x]

Nice, i'm following this..

[Crypto_MERC]

Will blockpay eventually be on its own, or will it always be part of graphene/bitshares 2.0? 

Will you have your own wallet?  Are other exchanges in the works?  Will dividends be paid to token holders on the bitshares network?  What is next for the ico investors?

Thanks in advance for your time.

[danblize]

Non sense like amp, 1 ico, 2 ico, and more ico, damn clever scammers.

[kellendil]

Non sense like amp, 1 ico, 2 ico, and more ico, damn clever scammers.

Pls dont fud without a reason. The project is legit and if you research you will understand.