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

[Huxleyfree]

Can you please let us know if the users having a FYP Tokens in their Holytransaction wallet will have to move them over to myetherwallet, or they can Keep them in Holytransaction wallet and get paid in 3 months in HT ether address?

You can keep FYP in your HolyTransaction wallet.
If you have FYP Tokens on HolyTransaction, the payouts will be assigned to your HolyTransaction account.

At the ETH wallet?

Hi! Yes, the payouts will be sent in ETH by default if you have FYP in your HT wallet.

I think your service will be able to be used for paying token's owners profit shares in other coins

[Crypto_Enthusiast]

Will flyp.me/exchange be the homepage when ICO finishes? Or will it be different?

Hi! Yes we want to move the exchange to the homepage when the ICO is finished.

How is the profit sharing calculated?

Your FYP Tokens have to be stored in the wallet where you want to receive your share of the profits. 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.

Where should FYP tokens be when calculating dividends start?
If they are on external wallets, how do you understand who has how many tokens there are?
Or will FYP tokens need to be parked on your platform?

[poordeveloper]

Can you please let us know if the users having a FYP Tokens in their Holytransaction wallet will have to move them over to myetherwallet, or they can Keep them in Holytransaction wallet and get paid in 3 months in HT ether address?

You can keep FYP in your HolyTransaction wallet.
If you have FYP Tokens on HolyTransaction, the payouts will be assigned to your HolyTransaction account.

At the ETH wallet?

Hi! Yes, the payouts will be sent in ETH by default if you have FYP in your HT wallet.

I think your service will be able to be used for paying token's owners profit shares in other coins

The only thing that would make this difficult is how are token owners going to state how and where the payment should be sent.

[adamb]

This is a good idea. I will be watching the project.

[Retired]

Can you please let us know if the users having a FYP Tokens in their Holytransaction wallet will have to move them over to myetherwallet, or they can Keep them in Holytransaction wallet and get paid in 3 months in HT ether address?

You can keep FYP in your HolyTransaction wallet.
If you have FYP Tokens on HolyTransaction, the payouts will be assigned to your HolyTransaction account.

At the ETH wallet?

Hi! Yes, the payouts will be sent in ETH by default if you have FYP in your HT wallet.

I think your service will be able to be used for paying token's owners profit shares in other coins

The only thing that would make this difficult is how are token owners going to state how and where the payment should be sent.

There's no need to worry about that right now though.

[Flypme]

Will flyp.me/exchange be the homepage when ICO finishes? Or will it be different?

Hi! Yes we want to move the exchange to the homepage when the ICO is finished.

How is the profit sharing calculated?

Your FYP Tokens have to be stored in the wallet where you want to receive your share of the profits. 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.

Where should FYP tokens be when calculating dividends start?
If they are on external wallets, how do you understand who has how many tokens there are?
Or will FYP tokens need to be parked on your platform?

FYP tokens should be in an ETH address where you control the private key or on a platform that will support FYP payouts distribution, like HolyTransaction.
The payouts will be splitted between FYP Token owners in proportion to their ownership of Tokens.

[Flypme]

Would it be possible to, in the future, have a strategy for reinvesting part of the profits back into the exchange's reserves?

This is an interesting idea. How would you see it working?

[Retired]

Would it be possible to, in the future, have a strategy for reinvesting part of the profits back into the exchange's reserves?

This is an interesting idea. How would you see it working?

I can see several options, one of them being using part of the profits, lowering the 50% in exchange of increasing the reserves which means more transaction volume. Provably even a 5% of the profits would yield to a quite big increase in reserves.

Earning 5% less wouldn't make much difference and in a few months the exchange's reserves would be much larger.

[poordeveloper]

Would it be possible to, in the future, have a strategy for reinvesting part of the profits back into the exchange's reserves?

This is an interesting idea. How would you see it working?

I can see several options, one of them being using part of the profits, lowering the 50% in exchange of increasing the reserves which means more transaction volume. Provably even a 5% of the profits would yield to a quite big increase in reserves.

Earning 5% less wouldn't make much difference and in a few months the exchange's reserves would be much larger.

That could be one of the first decisions up for voting

[Flypme]

A wise man once said...



"The exchange of cryptocurrencies and tokens is one of only a few business models in the crypto space that makes a consistent and reliable profit, regardless of the pricing or performance of any specific crypto and token in the market." 😁

[username12345]

what are you plans to fight against shapeshift?

will you have better rates, and offer 50% profit sharing?

[poordeveloper]

what are you plans to fight against shapeshift?

will you have better rates, and offer 50% profit sharing?

I think those are all already implemented. I personally already switched.

[Flypme]

Latest article by the Merkle about Flyp.me

Flyp.me – Use it or Join the ICO but Don’t Miss it! 50% Profit Sharing Accountless Exchange, Instant!

https://themerkle.com/flyp-me-use-it-or-join-the-ico-but-dont-miss-it-50-profit-sharing-accountless-exchange-instant/

[poordeveloper]

Latest article by the Merkle about Flyp.me

Flyp.me – Use it or Join the ICO but Don’t Miss it! 50% Profit Sharing Accountless Exchange, Instant!

https://themerkle.com/flyp-me-use-it-or-join-the-ico-but-dont-miss-it-50-profit-sharing-accountless-exchange-instant/

It's impressive you have already raised around $700k.

[Huxleyfree]

Latest article by the Merkle about Flyp.me

Flyp.me – Use it or Join the ICO but Don’t Miss it! 50% Profit Sharing Accountless Exchange, Instant!

https://themerkle.com/flyp-me-use-it-or-join-the-ico-but-dont-miss-it-50-profit-sharing-accountless-exchange-instant/

It's impressive you have already raised around $700k.

It's amazing but do you think there will be enough token until the end of the pre ICO?

[Irlasos]

What are the fees for each transaction that the exchange will take ?

[poiseulle]

competitor for Shapeshift, looks very similar as decentralized exchange, the volume and security will be big potential challenge for mass adoption.

[Flypme]

Would it be possible to, in the future, have a strategy for reinvesting part of the profits back into the exchange's reserves?

This is an interesting idea. How would you see it working?

I can see several options, one of them being using part of the profits, lowering the 50% in exchange of increasing the reserves which means more transaction volume. Provably even a 5% of the profits would yield to a quite big increase in reserves.

Earning 5% less wouldn't make much difference and in a few months the exchange's reserves would be much larger.

Great! Thanks for explaining how you see this working. We hope you joined or will be joining the ICO and will propose this and other features as part of the community.

[Flypme]

Latest article by the Merkle about Flyp.me

Flyp.me – Use it or Join the ICO but Don’t Miss it! 50% Profit Sharing Accountless Exchange, Instant!

https://themerkle.com/flyp-me-use-it-or-join-the-ico-but-dont-miss-it-50-profit-sharing-accountless-exchange-instant/

It's impressive you have already raised around $700k.

It's amazing but do you think there will be enough token until the end of the pre ICO?

Hi, the ICO ends at the latest 21st October 2017. So far almost 10 million FYP Tokens have been generated.

You can join now with 14 cryptocurrencies or send ETH directly to the smart contract. Visit Flyp.me

[Flypme]

What are the fees for each transaction that the exchange will take ?

Exchange rates vary depending on the cryptocurrency pair and other parameters including size of reserve funds and market depth for the cryptocurrency pair chosen.

Current exchange rates are not the final exchange rates of the Flyp.me exchange. They will be decided following the ICO and voted by FYP token owners to find an optimum balance between driving the adoption of Flyp.me and maximizing the generation of profits.