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

[roncar]

This project looks great, coins with purpose and use would surely be a good investment.. on top it all its already 99% finish  

If ever you need Filipino Translation, I would like to reserve.. thanks

Yeah, we are looking forward to adding the .apk in Google Play, F-Droid, IPFS and many more places so that you can easily download the app.

Please send me a PM for the Filipino bounty.

Sent pm dev.. pls check your mail.. thanks

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[olympicwinner]

Don't find any special in this project, a platform? a decentralized what and so forth?

[Chris4210x]

Thank you all for your questions, I am answering all the questions I can for you.

Just one thing at the beginning, your faces are all over our websites and products. We are running a weekly VBlog on our Youtube channel and Steemi.com to share the latest updates with all of you. See here https://www.youtube.com/channel/UCb78hNwIPH_44DnpvFrA-NQ/videos and here https://www.youtube.com/playlist?list=PLjbx3qSmDe7T2kDfVS3av-qcCHt_i_mJm . I am looking forward to meeting you all in person on a Bitcoin Meetup, the Blockchain Week in Shanghai or the upcoming Bits&Pretzels Start-up Festival in Munich. We will be also at the Slush festival this fall to present BlockPay.

Interesting, but isn't a price a bit steep ?
Phase1:   600,000 tokens   @ 1:1.20 OPENPOS tokens/each
Phase2:   1,400,000 tokens   @ 0.000288 BTC tokens/each
Phase3:   3,000,000 tokens   @ 0.000360 BTC tokens/each

Meaning that even at cheapest phase of 2 if we multiply that by 100m (coins that will be created) would put an immediate 16m market cap, but as this is capped at 1,4m when we hit phase 4, ... average will probably be more like 25m.

What happends if not all coins are sold? Since you have a fixed price for tokens it means you have a fixed number of BTC that you wish to rise how much is that?

Hi BoldNinja,

thanks for your question. We have developed 5 working proof of concepts over the last 10 months which are all documented on our youtube channels, VBlog on Steem and other sources. I am more than happy to demonstrate the working Apps at your local Bitcoin Meetup. https://www.youtube.com/channel/UCb78hNwIPH_44DnpvFrA-NQ/videos <-- All Videos are here.

BlockPay is finished and is a point-of-sales system that supports Bitcoin, Ethereum, Dash, Litecoin, Dogecoin, Peercoins, Steem, BitShares and many more currencies natively. We are starting with 10 pilot stores and beer gardens here in Munich and are going to expand all over the World in the next months.

We have set up a global BlockPay Ambassador program, 54 Ambassadors in 25 countries who will promote and sell BlockPay to stores, restaurants, bars, retailers, groceries and much more. We are negotiating with top Retailers in Germany, Netherlands, Israel, Argentia and much more. In comparison to most other Blockchain Startups, We have a product ready to ship, that solves a real world problem. We don´t develop a product that maybe can be used for an unknown problem in +10 years future. We develop real life business solutions for Users, Enterprises, Charities, and much more. More info at www.BlockPay.ch and www.My-Echo.com

The Pre-ICO prices seem high, however, if you think about the marketing and developing cost of a true WeChat, WhatsApp and PayPal killer it is rather small. Promoting a new Instant messenger like Echo on a global scale costs millions... Integrating BlockPay in major ERP & POS software solutions from GK Software, SAP, Ingenico, NCS and much more requires high license fees. 5 to 6 diggets per month just to be added in their hardware terminals...

All unsold tokens will be added to the reserve fund. We have no access to the reserve fund and it is locked away by our escrow partner.

Better than Plutus. BlockPay "S" and BlockPay for Odoo is working very smooth already and we are adding the latest features right now before the upcoming release. Please see our demo video from BlockPay "S" and our Smartcoins Wallet : https://www.youtube.com/watch?v=3vZ3o662RUw

Here is the Demo video for BlockPay for Odoo : https://www.youtube.com/watch?v=N7h2bs-ZWXo

So is Blockpay available in Odoo online demos?  I would like to try it out a bit, see if I can seriously recommend it to small businesses.

Odoo is an open source ERP program like SAP with many modules. We can introduce you as a future partner to Odoo if you are interested. BlockPay for Odoo will be added to the Odoo App store within the next weeks. You can see it working in the youtube video.

'Holding BlockPay tokens allows you to share in the rewards from BlockPay transactions as well as value increases from products built by the Company'

Can you please elaborate on what that means? Do you have any more information you can divulge prior to the IPO, it would be handy to see some kind of formula which will explain roughly what returns we can expect based on certain scenarios.

Thanks

We are a FinTech / Blockchain Start-up from Munich with three major projects under development, BlockPay, Echo and Stealth transfers. Beside that we also offer white label mobile wallets, full integration in our POS System, Loyalty rewards, and-and and. We have many Blockchain-based products we want to kickstart with sufficient funding. They all serve on purpose. To built business-ready tools for the whole Blockchain community!

Why set price while most of the ICO's do not?
If we do not sell all the tokens on Phase 2 then moving to phase 3 will be impossible, What will happen then? I'm not saying it will happen, im just speculating. And why use CCDEK as escrow, why not just use trusted escrow here?

Sorry for a bunch of questions. Thanks.

We followed the success of the HEAT, Peerplays, Lisk, Wave ICO etc. very closely. I decided to set up a fixed price for this first ICO so that we can ensure we get the minimum amount we need to progress, but don´t get killed by the tax bill after the ICO. In comparison to many other ICO on this platform, we are publicly showing our registered company name, address, Nr etc. and are fully incorporated and will pay the taxes for this crowdfunding. CCEDK has proven to be a solid partner in the ICO space and provides an all-in-one Service for startups like us. They handle, the Token creation & distribution, multisig escrow, marketing, sales of tokens and much more. We are happy to use the CCEDK service since it saves us a lot of time.

hi, http://btc12.com/  published a post about echo/blockpay review.

http://btc12.com/2016/08/17/blockpyaechostealth-triple-trap/

btc12 is a blog offering insides/review/updates of recent ICOs, trying to bridge Chinese investors to most promising ICOs.

enjoy.

Hi cyberhacker, I answered Pat´s commentaries already. I hope that helps to answer his questions.

Sound very interesting project, just one thing, you cant set the price of your ICO, if you have a good project the people invest in you.

Selling your coins at very high price is not the way to do.

I really want to say i would invest in your coin, but i dont like you want to collect +40,000 btc plus you are not showing your face or your team.

This will not happen, open an normal ICO, collect the funds with your project and plans, show your face, nobody want to invest in anonymous guy, what if you ran with all the btc, no way.

Start thinking what to do, you can end with millions of useless coins. You are not to late to do the right thing.

Hi lestherat, Our faces are all over the place on Linked In, Steem, Youtube and on your weekly VBlog, plus our websites. I am more than happy to invite you to our 3 monthly Blockchain events I organize here in Munich. Come over and I buy you a cold fresh drink with BTC in our favorite Bar Looking forward to chat.

ICO again?     Legit or scam? The images looks like scam.

Have you seen our Vblog and videos already? I am more than happy to show you a live demo of our products.

[kellendil]

Thank you all for your questions, I am answering all the questions I can for you.

Just one thing at the beginning, your faces are all over our websites and products. We are running a weekly VBlog on our Youtube channel and Steemi.com to share the latest updates with all of you. See here https://www.youtube.com/channel/UCb78hNwIPH_44DnpvFrA-NQ/videos and here https://www.youtube.com/playlist?list=PLjbx3qSmDe7T2kDfVS3av-qcCHt_i_mJm . I am looking forward to meeting you all in person on a Bitcoin Meetup, the Blockchain Week in Shanghai or the upcoming Bits&Pretzels Start-up Festival in Munich. We will be also at the Slush festival this fall to present BlockPay.

Interesting, but isn't a price a bit steep ?
Phase1:   600,000 tokens   @ 1:1.20 OPENPOS tokens/each
Phase2:   1,400,000 tokens   @ 0.000288 BTC tokens/each
Phase3:   3,000,000 tokens   @ 0.000360 BTC tokens/each

Meaning that even at cheapest phase of 2 if we multiply that by 100m (coins that will be created) would put an immediate 16m market cap, but as this is capped at 1,4m when we hit phase 4, ... average will probably be more like 25m.

What happends if not all coins are sold? Since you have a fixed price for tokens it means you have a fixed number of BTC that you wish to rise how much is that?

Hi BoldNinja,

thanks for your question. We have developed 5 working proof of concepts over the last 10 months which are all documented on our youtube channels, VBlog on Steem and other sources. I am more than happy to demonstrate the working Apps at your local Bitcoin Meetup. https://www.youtube.com/channel/UCb78hNwIPH_44DnpvFrA-NQ/videos <-- All Videos are here.

BlockPay is finished and is a point-of-sales system that supports Bitcoin, Ethereum, Dash, Litecoin, Dogecoin, Peercoins, Steem, BitShares and many more currencies natively. We are starting with 10 pilot stores and beer gardens here in Munich and are going to expand all over the World in the next months.

We have set up a global BlockPay Ambassador program, 54 Ambassadors in 25 countries who will promote and sell BlockPay to stores, restaurants, bars, retailers, groceries and much more. We are negotiating with top Retailers in Germany, Netherlands, Israel, Argentia and much more. In comparison to most other Blockchain Startups, We have a product ready to ship, that solves a real world problem. We don´t develop a product that maybe can be used for an unknown problem in +10 years future. We develop real life business solutions for Users, Enterprises, Charities, and much more. More info at www.BlockPay.ch and www.My-Echo.com

The Pre-ICO prices seem high, however, if you think about the marketing and developing cost of a true WeChat, WhatsApp and PayPal killer it is rather small. Promoting a new Instant messenger like Echo on a global scale costs millions... Integrating BlockPay in major ERP & POS software solutions from GK Software, SAP, Ingenico, NCS and much more requires high license fees. 5 to 6 diggets per month just to be added in their hardware terminals...

All unsold tokens will be added to the reserve fund. We have no access to the reserve fund and it is locked away by our escrow partner.

Better than Plutus. BlockPay "S" and BlockPay for Odoo is working very smooth already and we are adding the latest features right now before the upcoming release. Please see our demo video from BlockPay "S" and our Smartcoins Wallet : https://www.youtube.com/watch?v=3vZ3o662RUw

Here is the Demo video for BlockPay for Odoo : https://www.youtube.com/watch?v=N7h2bs-ZWXo

So is Blockpay available in Odoo online demos?  I would like to try it out a bit, see if I can seriously recommend it to small businesses.

Odoo is an open source ERP program like SAP with many modules. We can introduce you as a future partner to Odoo if you are interested. BlockPay for Odoo will be added to the Odoo App store within the next weeks. You can see it working in the youtube video.

'Holding BlockPay tokens allows you to share in the rewards from BlockPay transactions as well as value increases from products built by the Company'

Can you please elaborate on what that means? Do you have any more information you can divulge prior to the IPO, it would be handy to see some kind of formula which will explain roughly what returns we can expect based on certain scenarios.

Thanks

We are a FinTech / Blockchain Start-up from Munich with three major projects under development, BlockPay, Echo and Stealth transfers. Beside that we also offer white label mobile wallets, full integration in our POS System, Loyalty rewards, and-and and. We have many Blockchain-based products we want to kickstart with sufficient funding. They all serve on purpose. To built business-ready tools for the whole Blockchain community!

Why set price while most of the ICO's do not?
If we do not sell all the tokens on Phase 2 then moving to phase 3 will be impossible, What will happen then? I'm not saying it will happen, im just speculating. And why use CCDEK as escrow, why not just use trusted escrow here?

Sorry for a bunch of questions. Thanks.

We followed the success of the HEAT, Peerplays, Lisk, Wave ICO etc. very closely. I decided to set up a fixed price for this first ICO so that we can ensure we get the minimum amount we need to progress, but don´t get killed by the tax bill after the ICO. In comparison to many other ICO on this platform, we are publicly showing our registered company name, address, Nr etc. and are fully incorporated and will pay the taxes for this crowdfunding. CCEDK has proven to be a solid partner in the ICO space and provides an all-in-one Service for startups like us. They handle, the Token creation & distribution, multisig escrow, marketing, sales of tokens and much more. We are happy to use the CCEDK service since it saves us a lot of time.

hi, http://btc12.com/  published a post about echo/blockpay review.

http://btc12.com/2016/08/17/blockpyaechostealth-triple-trap/

btc12 is a blog offering insides/review/updates of recent ICOs, trying to bridge Chinese investors to most promising ICOs.

enjoy.

Hi cyberhacker, I answered Pat´s commentaries already. I hope that helps to answer his questions.

Sound very interesting project, just one thing, you cant set the price of your ICO, if you have a good project the people invest in you.

Selling your coins at very high price is not the way to do.

I really want to say i would invest in your coin, but i dont like you want to collect +40,000 btc plus you are not showing your face or your team.

This will not happen, open an normal ICO, collect the funds with your project and plans, show your face, nobody want to invest in anonymous guy, what if you ran with all the btc, no way.

Start thinking what to do, you can end with millions of useless coins. You are not to late to do the right thing.

Hi lestherat, Our faces are all over the place on Linked In, Steem, Youtube and on your weekly VBlog, plus our websites. I am more than happy to invite you to our 3 monthly Blockchain events I organize here in Munich. Come over and I buy you a cold fresh drink with BTC in our favorite Bar Looking forward to chat.

ICO again?     Legit or scam? The images looks like scam.

Have you seen our Vblog and videos already? I am more than happy to show you a live demo of our products.

Will legit companies allow stealth payments ? İ dont think so.. And who will you use as a escrow for the pre-ico ? Wille able to pay with btc in the first phase of the İCO to be equal with the OPENPOS holders ?

There are many scams like Opair which looked legit in the beginning.. thats why ask.

[piebeyb]

ICO again
I became part of this thread, it'll hopefully see this look good

[vlight]

The Pre-ICO prices seem high, however, if you think about the marketing and developing cost of a true WeChat, WhatsApp and PayPal killer it is rather small. Promoting a new Instant messenger like Echo on a global scale costs millions... Integrating BlockPay in major ERP & POS software solutions from GK Software, SAP, Ingenico, NCS and much more requires high license fees. 5 to 6 diggets per month just to be added in their hardware terminals...

We followed the success of the HEAT, Peerplays, Lisk, Wave ICO etc. very closely. I decided to set up a fixed price for this first ICO so that we can ensure we get the minimum amount we need to progress, but don´t get killed by the tax bill after the ICO. In comparison to many other ICO on this platform, we are publicly showing our registered company name, address, Nr etc. and are fully incorporated and will pay the taxes for this crowdfunding. CCEDK has proven to be a solid partner in the ICO space and provides an all-in-one Service for startups like us. They handle, the Token creation & distribution, multisig escrow, marketing, sales of tokens and much more. We are happy to use the CCEDK service since it saves us a lot of time.

You can't just set a fixed price, because you don't know what the real market price is. Talking about expenses doesn't justify this.

Why not just raise BTC and see how much the market values theses tokens? If you are worried about being underfunded, leave something like 10% of new coins for yourself to fund future development. When the coin hits the exchanges you will get the real valuation of your work.

Without knowing the real price you will not be able to see whether your business is profitable or not.

[rindo]

interesting and i like your roadmap..im in let me know more about BlockPay

[ict]

ICO again
I became part of this thread, it'll hopefully see this look good

yeah, I think every new altcoin always doing this one, i hope some altcoin can make a new way in crypto.
not just profit-oriented.

[Chris4210x]

Will legit companies allow stealth payments ? İ dont think so.. And who will you use as a escrow for the pre-ico ? Wille able to pay with btc in the first phase of the İCO to be equal with the OPENPOS holders ?

There are many scams like Opair which looked legit in the beginning.. thats why ask.

We are using the Escrow Services of CCEDK.com. They offer a all-in-one ICO package for start-ups. See here www.ccedk.com. We know the founders of CCEDK for a long time already and trust their services.

Always important to ask and check if the products are legit I am doing the same when I invest in a ICO.

The Pre-ICO prices seem high, however, if you think about the marketing and developing cost of a true WeChat, WhatsApp and PayPal killer it is rather small. Promoting a new Instant messenger like Echo on a global scale costs millions... Integrating BlockPay in major ERP & POS software solutions from GK Software, SAP, Ingenico, NCS and much more requires high license fees. 5 to 6 diggets per month just to be added in their hardware terminals...

We followed the success of the HEAT, Peerplays, Lisk, Wave ICO etc. very closely. I decided to set up a fixed price for this first ICO so that we can ensure we get the minimum amount we need to progress, but don´t get killed by the tax bill after the ICO. In comparison to many other ICO on this platform, we are publicly showing our registered company name, address, Nr etc. and are fully incorporated and will pay the taxes for this crowdfunding. CCEDK has proven to be a solid partner in the ICO space and provides an all-in-one Service for startups like us. They handle, the Token creation & distribution, multisig escrow, marketing, sales of tokens and much more. We are happy to use the CCEDK service since it saves us a lot of time.

You can't just set a fixed price, because you don't know what the real market price is. Talking about expenses doesn't justify this.

Why not just raise BTC and see how much the market values theses tokens? If you are worried about being underfunded, leave something like 10% of new coins for yourself to fund future development. When the coin hits the exchanges you will get the real valuation of your work.

Without knowing the real price you will not be able to see whether your business is profitable or not.

We have a couple of years Startup experience and founded a few startups before. Usually, you base your evaluation on the discounted cash flow. We ran different scenarios and calculated the funds we need to make this company successful. You take this amount X and add your financing fees (5-15%) on top and define the amount you need to raise. Every serious business is following this model. It is time that we get Blockchain Startups out of the nieche market and use proven business methods to scale fast.

[target]

This doesn't seem to look like how ECHO works when you previously announced it. Was hoping its like waves platform. Anyway, What sort of activity do you guys plan to for bounties after ICO. I can see youre giving bounties.

[Chris4210x]

This doesn't seem to look like how ECHO works when you previously announced it. Was hoping its like waves platform. Anyway, What sort of activity do you guys plan to for bounties after ICO. I can see youre giving bounties.

Echo will be WeChat on steroids Secure chat, video, voice and messages, totally encrypted and decentralized, plus a powerful Blockchain wallet with stealth transactions where you can hold your Bitcoin, Ethereum, Dash, and digital versions of the EUR, USD, CNY, Gold or Silver. All on your smartphone. It will be more powerful than Wave because the Echo backend will be open for third parties. You can start selling your services, products, movie tickets etc. right out of the Echo app, just like WeChat is doing it today.

I am planning to offer bounties for forum signature, FB, and Twitter and so on. We will publish more info about that soon.

[christjesus911]

Sorry, i don't trust you, i think your product is potential useless. People like blockchain platform, not a payment processor.

[sxafir]

What thas it min ico?

[BTCdoaA]

it is agood idea but need some legit companies to adopt the project payment system . watching for further development 

[ether19]

Malayalam translation completed:

https://bitcointalk.org/index.php?topic=1588577.new#new

 

[Mallyx]

Hello,

your ICO has been added on https://www.ico-list.com/ !

Thanks for contacting me if some details are wrong.

[operabit]

Hello,

your ICO has been added on https://www.ico-list.com/ !

Thanks for contacting me if some details are wrong.

Nice info!
I can't wait.

[barnes13]

i also read your post on steemit, just want to be clearly, this is pre-ico if the pre-ico not succesfull, still continue for ico?
but i hope your pre-ico and your ico success
good luck for your team 

[titan20]

I do have a few questions:
- do these tokens have a function on your platform? or is it just to decide who has what stake in the revenue stream of your services?
- What percentage of the revenue are you planning to give to the token holders?

100.000.000 Blockpay tokens x 0,000288 btc = 28.800 btc
So if tokenholders would like to get a return of say 10% per year. Then you should at least realize an income stream of 2.880 btc. Which you have to pay out 100% to tokenholders, which is not a realistic assumption. So the income stream will have to be much higher.

- What are your expectations about the total income stream per year in a bad, average and good scenario?

[kellendil]

Can you reserve the turkish translation for me ? Thanks.