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

[ZayedCoin]

Really interested in this project; I am an investor of Plutus also. On your earlier post, you said BlockPay does not charge any fees. Was this meant to be a distinction from Plutus or just a feature?

2.2.1 Plutus App Fee Optimization
Bitcoin conversion has a fee of between 1-4% (TBD).
The fee is deducted from the users’ fiat deposit balance
before the money is released to their VDC account
on the Plutus Mobile App. There are no other
fees for using the app and no fee to deposit Plutons on
the app obtained from another user externally. Plutus
pays all transaction costs associated with using
the Ethereum network (See Section 2.4.2). Merchants
pay their normal debit card payment processing fees.

- Plutus.it-White-Paper-v1.0.pdf Page 4

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.

how much in BTC planning on raising (Pump)

[1714833297]

1714833297

[1714833297]

1714833297

[1714833297]

1714833297

[bitvalak]

waiting to social media bounty dev 

[Selsonblue]

so wait why is this an ICO?

[MartiniBlanco]

Really interested in this project; I am an investor of Plutus also. On your earlier post, you said BlockPay does not charge any fees. Was this meant to be a distinction from Plutus or just a feature?

2.2.1 Plutus App Fee Optimization
Bitcoin conversion has a fee of between 1-4% (TBD).
The fee is deducted from the users’ fiat deposit balance
before the money is released to their VDC account
on the Plutus Mobile App. There are no other
fees for using the app and no fee to deposit Plutons on
the app obtained from another user externally. Plutus
pays all transaction costs associated with using
the Ethereum network (See Section 2.4.2). Merchants
pay their normal debit card payment processing fees.

- Plutus.it-White-Paper-v1.0.pdf Page 4

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.

Good question. Very good answer. I'm getting more and more familiar with Blockpay and really like the approach!
Clean and simple to use. Best I've seen so far in this market segment.

Thank You

[Chris4210x]

how much in BTC planning on raising (Pump)

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.

so wait why is this an ICO?

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

Really interested in this project; I am an investor of Plutus also. On your earlier post, you said BlockPay does not charge any fees. Was this meant to be a distinction from Plutus or just a feature?

2.2.1 Plutus App Fee Optimization
Bitcoin conversion has a fee of between 1-4% (TBD).
The fee is deducted from the users’ fiat deposit balance
before the money is released to their VDC account
on the Plutus Mobile App. There are no other
fees for using the app and no fee to deposit Plutons on
the app obtained from another user externally. Plutus
pays all transaction costs associated with using
the Ethereum network (See Section 2.4.2). Merchants
pay their normal debit card payment processing fees.

- Plutus.it-White-Paper-v1.0.pdf Page 4

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.

Good question. Very good answer. I'm getting more and more familiar with Blockpay and really like the approach!
Clean and simple to use. Best I've seen so far in this market segment.

Thank You

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

[CoinManiac1]

How are you so sure that merchant will start accepting crypto? I mean look at the volatility of cryptos. Will they not face loss if suddenly a crypto which they accept start crashing or in other words, we say here dumping.

I doubt about the merchant aspect. Besides, any incentive to merchants for accepting crypto?

[AltcoinScamfinder]

The one thing I do not like so far is the "2017 2nd ICO" which basically caps the value on tokens at 0.0005

Seems odd to pre-announce a second ICO to begin with, but announcing a price is just strange.

I am hoping it's a misunderstanding of some form, because if ICO phase 1 is at 0.0002x and ICO 2 is at 0.0005 it makes more sense to wait. 2x isn't much to pay for validating a project

Edit: it seems I may have some form of selective reading disorder. The 0.005 price is for last phase of this ICO the way I re-read it.

Disregard my possible stupidity. I need coffee apparently.

[titan20]

You promise the tokenholders that they will share in the revenue stream.

Lets say Blockpay becomes a huge success and you decide to sell the company shares the a new owner/investor. The new owner will not feel obliged to continue your promise to the tokenholders. Especially when there is no legal obligation.

So are you planning to compensate the tokenholders in case the company is sold?
if yes, how will you compensate? I would suggest a percentage of the selling price.

It is important that you make this clear now during the ICO, so we can make a transparent decision on how much to invest/risc

Cheers! 

[titan20]

And why do you sell coins instead of assets/shares like the OPENPOS shares on bitshares?

[Chris4210x]

How are you so sure that merchant will start accepting crypto? I mean look at the volatility of cryptos. Will they not face loss if suddenly a crypto which they accept start crashing or in other words, we say here dumping.

I doubt about the merchant aspect. Besides, any incentive to merchants for accepting crypto?

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.

The one thing I do not like so far is the "2017 2nd ICO" which basically caps the value on tokens at 0.0005

Seems odd to pre-announce a second ICO to begin with, but announcing a price is just strange.

I am hoping it's a misunderstanding of some form, because if ICO phase 1 is at 0.0002x and ICO 2 is at 0.0005 it makes more sense to wait. 2x isn't much to pay for validating a project

Edit: it seems I may have some form of selective reading disorder. The 0.005 price is for last phase of this ICO the way I re-read it.

Disregard my possible stupidity. I need coffee apparently.

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.

You promise the tokenholders that they will share in the revenue stream.

Lets say Blockpay becomes a huge success and you decide to sell the company shares the a new owner/investor. The new owner will not feel obliged to continue your promise to the tokenholders. Especially when there is no legal obligation.

So are you planning to compensate the tokenholders in case the company is sold?
if yes, how will you compensate? I would suggest a percentage of the selling price.

It is important that you make this clear now during the ICO, so we can make a transparent decision on how much to invest/risc

Cheers! 

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.

And why do you sell coins instead of assets/shares like the OPENPOS shares on bitshares?

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.

[CryptoIsKey]

I know this is going to sound dumb but that's ok,lol...Where can i actually buy the tokens tomorrow?..will they be available in the Shapeshift exchange?

[AltcoinScamfinder]

I know this is going to sound dumb but that's ok,lol...Where can i actually buy the tokens tomorrow?..will they be available in the Shapeshift exchange?

Just click the link in the ANN and though shall redeemed!

[Joint Force]

Welcome to ICO era  
lot of ICO these days

You must love the ICOs! If done proper they can really open up early stage investing to the general public. Even I have an ICO at this point!

[CryptoIsKey]

I know this is going to sound dumb but that's ok,lol...Where can i actually buy the tokens tomorrow?..will they be available in the Shapeshift exchange?

Just click the link in the ANN and though shall redeemed!

all i see is this which says you need the first phaze purchased tokens http://blockpay.ch/newsroom/investor-relations/ so yeah a bit lost. I have an open ledger account etc. But can't seem to find where it will be possible to purchase tokens if phaze 1 wasn't purchased..probably missing something, but first time i guess i have a good excuse,lol

[restless]

As I see, we're still in Phase 1, Phase 2 to start 8h from now?

What happens if someone sends BTS now, before start of Phase 2?

[koanado]

Limited Amount! Great discounts available in this pre-ICO, all based on Opening rate of 2017 ICO

Phase1:	600,000 tokens	@ 1:1.20 OPENPOS tokens/each	Special Buyback
Phase2:	1,400,000 tokens	@ 0.000288 BTC tokens/each	42.40% Discount
Phase3:	3,000,000 tokens	@ 0.000360 BTC tokens/each	28% Discount
Phase4:	2nd ICO	@ 0.000500 BTC tokens/each	Initial Price

What if the price of Blockpay Tokens on the market exceeds your set ICO price of Phase 4??

Lets say I buy Blockpay tokens in Phase 1 today @ 0.000288 BTC tokens/each. Price rises to 0.001 on exchanges till 2017.
Assuming this, will the price of 2nd ICO still be @ 0.0005 BTC tokens/each?

[koanado]

As I see, we're still in Phase 1, Phase 2 to start 8h from now?

On the website http://blockpay.ch/newsroom/investor-relations/ is a countdown which ends 8pm (GMT+2).

What happens if someone sends BTS now, before start of Phase 2?

Where would that someone send BTS to?

[restless]

@ ico.blockpay ?

[koanado]

@ ico.blockpay ?

jep. saw that now! i dont know what happens but want to know also now!

[Chris4210x]

Due to high demand! Step by Step Tutorial how to buy BlockPay Tokens in Pre-ICO bit.ly/2c28MgA