[ANN][FYP] Flyp.me Exchange - 🌟 50% PROFIT SHARING 🌟 FYP Token - SegWit

[Ale88]

Thanks for the answer!  

Just one more question: is it possible to send Ether from an exchange address and receive Flyp on MyEtherWallet address? Or do I have to send Ether from MEW anyway?

[1714950931]

1714950931

[Flypme]

Thanks for the answer!  

Just one more question: is it possible to send Ether from an exchange address and receive Flyp on MyEtherWallet address? Or do I have to send Ether from MYW anyway?

Yes, it's possible. During the Presale, you can enter your MEW address in the first line (that's where you'll receive the FYP tokens) and when asked to send the deposit you can do that directly from any address you use, including an exchange address. However, when the Ethereum Smart Contract will be used for the ICO phase, you should not send your contributions from an exchange.

[BTCWagering]

It's an interesting concept, and everyone loves a good dividend, but 3 questions:

1) How do you provide transparency about the profits earned by the exchange (of which 50% get distributed to FYP holders)?

2) How does this compare to other "easy exchange" services?

3) Is it really "trustless"? Flyp.me does hold the coins for some, albeit short, period correct?

[Flypme]

It's an interesting concept, and everyone loves a good dividend, but 3 questions:

1) How do you provide transparency about the profits earned by the exchange (of which 50% get distributed to FYP holders)?

2) How does this compare to other "easy exchange" services?

3) Is it really "trustless"? Flyp.me does hold the coins for some, albeit short, period correct?

Hi BTCWagering,
Happy to hear you find Flypme interesting!

1)  We will implement a Proof of Profits system where through Cryptographic auditing you’ll be able to see the profits generated by the exchange. Also, all costs incurred in running Flypme will be covered by the funds raised during the Presale and ICO. Therefore, until Presale and ICO funds have been used, the net profits will be equal to revenue.

2)  We are faster and more private. Also, we have profits sharing and will have proposing/voting for key features and decisions. We’ll publish details in the upcoming whitepaper.

3)  When a customer uses the exchange, we immediately send the coins to the account provided. There is no risk to the user’s funds as we use our reserve funds.

[freedlabel]

Hi there,

I submitted 0.08173909 BTC for the FYP presale.
I entered my Ethereum addres 0x31b60e78284feee78e55d4f9df07991df67e3211.

Could you please let me know when will I get the FYP?

Also, do you mean Ethereum WALLET address? Please help as I am confused if there is a difference between Ethereum address, and Ethereum wallet address?

This is almost $300+ of purchase, please let me know if I will get the FYP token or is it burnt forever, thanks.

[Flypme]

Hi there,

I submitted 0.08173909 BTC for the FYP presale.
I entered my Ethereum addres 0x31b60e78284feee78e55d4f9df07991df67e3211.

Could you please let me know when will I get the FYP?

Also, do you mean Ethereum WALLET address? Please help as I am confused if there is a difference between Ethereum address, and Ethereum wallet address?

This is almost $300+ of purchase, please let me know if I will get the FYP token or is it burnt forever, thanks.

Hi,

Great to hear you joined the presale. FYP Tokens will be distributed following the ICO. 

There is no difference between an Ethereum address and an Ethereum wallet address.

If you have other questions regarding your order, feel free to get in touch via email.

[BTCWagering]

Hi BTCWagering,
Happy to hear you find Flypme interesting!

1)  We will implement a Proof of Profits system where through Cryptographic auditing you’ll be able to see the profits generated by the exchange. Also, all costs incurred in running Flypme will be covered by the funds raised during the Presale and ICO. Therefore, until Presale and ICO funds have been used, the net profits will be equal to revenue.

2)  We are faster and more private. Also, we have profits sharing and will have proposing/voting for key features and decisions. We’ll publish details in the upcoming whitepaper.

3)  When a customer uses the exchange, we immediately send the coins to the account provided. There is no risk to the user’s funds as we use our reserve funds.

Those sound like positive approaches to the concerns I have. Look forward to reading your whitepaper to understand how these features are implemented.

For #3 though, I recommend changing your language from "trustless" to "minimal trust." There is still the potential for something to go wrong with your processing system. In that case, the user may not lose the funds, but could face delays and difficulty in getting it resolved. In many cases, payments are time sensitive, therefore this level of trust is not negligible.

Of course, the competition has the same exact issues. That's why a lot of work is being done on interledger protocols with stronger guarantees. They are a ways off still though, so there could be a good window for your product to find traction.

[Tara11]

Hello, where will be the tokens stored? Can I give exchange address like bittrex?

[MakaveliTheDon]

Any Slack channel, subreddit?

[Flypme]

Hello, where will be the tokens stored? Can I give exchange address like bittrex?

Hi,

Make sure you use an Ethereum address of which you own the private key. Do not use another exchange wallet address.

The recommended Ethereum wallets that allow you to have full control and ownership of your private keys and as such are suitable for receiving and managing FYP Tokens are:

• MyEtherWallet (MeW)
• Mist / Ethereum Wallet
• Parity
• Geth
• Metamask

Please note that the HolyTransaction wallet already integrates support for FYP Tokens. During the Presale you can also get FYP tokens from within your HolyTransaction account.

[Flypme]

Any Slack channel, subreddit?

Hi

We prefer to focus our energy on selected channels of communication: join the Telegram group

Subreddit is https://www.reddit.com/r/flypme/

Thanks for asking.

[jrbone]

If I buy FYP tokens now, but after ico is finished and FYP tokens is traded in the markets and I sell it, will I still get a profit share because I bought it in presale or ico time ? Or I have to hold it on my ETH wallets and not sell it ?

[Flypme]

If I buy FYP tokens now, but after ico is finished and FYP tokens is traded in the markets and I sell it, will I still get a profit share because I bought it in presale or ico time ? Or I have to hold it on my ETH wallets and not sell it ?

Hi jrbone,

FYP Tokens will be distributed following the ICO and be tradable on flyp.me and other exchanges. After the ICO period ends, no additional FYP Tokens will be created.

To access profit sharing, FYP Token owners will need to have FYP Tokens in their addresses when profit is calculated. flyp.me will distribute the profits every three months (aka payout).

Funds contributed during the Presale and ICO will enable the flyp.me exchange service to expand, the team to work on fulfilling the roadmap and users of the exchange to benefit from increasing currency pairs.  

Thanks. If you haven’t done so already, join the conversation on Telegram https://t.me/flypme

[Flypme]

Flypme launches permissionless API https://flyp.me/api 👌


Businesses and developers anywhere can start accepting payments and donations via flyp.me in BTC, ETH, LTC, ZEC, DASH, FAIR, GAME, DCR, SYS, PPC, DOGE, BLK

There is no need for user ID to experiment and integrate flyp.me. You can start now!

We look forward to hearing how different projects and businesses will benefit from flyp.me.

Check out the API and share this message with anyone who might be interested.

We are still in Presale with 15% bonus and contributions are accepted in all currencies supported by the flyp.me exchange. Whether is BTC and ETH or ZEC and other altcoins, you can contribute using 12 different cryptocurrencies.


Thanks everyone!



Twitter: https://twitter.com/flyp_me/status/902983881271468033

Facebook: https://www.facebook.com/flypme/posts/1559462197407822

Blog: https://steemit.com/developers/@flypme/flypme-launches-permissionless-api

[sabx01]

This is great idea, by investing and promoting the exchange site you can earn every 3 months (payouts).
Question are we going to earn ETH coins right?
and after ICO which exchange site we can trade our FLYP coins?

[puremage111]

Hello Flyp.me

Whats the current crowdfunded amount?

[Flypme]

This is great idea, by investing and promoting the exchange site you can earn every 3 months (payouts).
Question are we going to earn ETH coins right?
and after ICO which exchange site we can trade our FLYP coins?

The payout will be sent in ETH by default. However, token owners will be able to request payouts in other cryptos supported by flyp.me by signing a message with their FYP address.

The FYP token will be available to trade on Flypme and other exchanges following token distribution. If you would like to trade FYP on your favorite exchange, we recommend you get in touch with them to let them know. Social media and emails go a long way. We will support and assist additional exchanges which contact us.

[Flypme]

Hello Flyp.me

Whats the current crowdfunded amount?

Hi puremage111,

The number of FYP tokens corresponding to the amount contributed during the Presale (+bonus if applies) will be credited as ERC20 tokens on the Ethereum Smart Contract used to participate in the ICO. This way everyone will be able to check how many FYP tokens have been created with contributions of the Presale. After the ICO period ends, no additional FYP Tokens will be created.

[jrbone]

If I buy FYP tokens now, but after ico is finished and FYP tokens is traded in the markets and I sell it, will I still get a profit share because I bought it in presale or ico time ? Or I have to hold it on my ETH wallets and not sell it ?

To access profit sharing, FYP Token owners will need to have FYP Tokens in their addresses when profit is calculated.

Does this mean that the profit sharing will adjust how many FYP tokens do we have when the profit sharing is calculated ?
Lets say, If after ico is finished and I buy more FYP tokens from the exchange, will it also be calculated ?

[Flypme]

If I buy FYP tokens now, but after ico is finished and FYP tokens is traded in the markets and I sell it, will I still get a profit share because I bought it in presale or ico time ? Or I have to hold it on my ETH wallets and not sell it ?

To access profit sharing, FYP Token owners will need to have FYP Tokens in their addresses when profit is calculated.

Does this mean that the profit sharing will adjust how many FYP tokens do we have when the profit sharing is calculated ?
Lets say, If after ico is finished and I buy more FYP tokens from the exchange, will it also be calculated ?

Yes, the profit sharing will be calculated based on the number of FYP tokens owned when the calculation occurs. More FYP tokens when profit sharing is calculated = higher proportion of profits.

If you buy FYP tokens from an exchange after the ICO ends and those FYP tokens are in your control when the profit sharing is calculated, they will be included in the calculation.