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

[Nefarious]

this project is really intresting in a time of blocked accounts and forced KYC this kind of exchanges are the right answer  

It's a shame the "50% profit sharing with token holders" claim is made so misleading, considering Flyp.me will be assigning itself 50% of the total supply of tokens if the soft-cap isn't reached. So basically 75% of the profit will go to Flyp.me & 25% to the investors. It's still a nice initiative but it makes me hesitant to invest when I feel i'm being intentionally mislead like that.

you missed the part were the remaining 50% will be assigned to Contributors if the softcap isn't reached, page 12 of the whitepaper.

https://flyp.me/whitepaper.pdf

so the 50/50 proportion between Flyp.me and Contributors is respected.

That's exactly my point.

The exact wording on page 12 of the whitepaper states "If the soft-cap is not reached, 50% of FYP tokens will be assigned to Flyp.me and 50% to the contributors". While page 9 states "Every three months, the profits will be distributed to FYP Token holders in proportion to their ownership of Tokens."

So basically, Flyp.me will take 50% of the profits PLUS half the 50% share assigned to token holders (because they own half the tokens).

So effectively, the profit sharing will break down as follows:

Flyp.me: 50% + 25% (half of the 50% share for token holders) = 75%
Investors: 25% 

As I said, 25% is still good to be honest. It's a lot more profit sharing than 99.99% of other ICOs would ever offer, but I feel a lot of people have invested believing they are getting 50% of the profit share, not 25%. The marketing & whitepaper have made this point vague & misleading IMO.

[hatuey]

this project is really intresting in a time of blocked accounts and forced KYC this kind of exchanges are the right answer  

It's a shame the "50% profit sharing with token holders" claim is made so misleading, considering Flyp.me will be assigning itself 50% of the total supply of tokens if the soft-cap isn't reached. So basically 75% of the profit will go to Flyp.me & 25% to the investors. It's still a nice initiative but it makes me hesitant to invest when I feel i'm being intentionally mislead like that.

you missed the part were the remaining 50% will be assigned to Contributors if the softcap isn't reached, page 12 of the whitepaper.

https://flyp.me/whitepaper.pdf

so the 50/50 proportion between Flyp.me and Contributors is respected.

That's exactly my point.

The exact wording on page 12 of the whitepaper states "If the soft-cap is not reached, 50% of FYP tokens will be assigned to Flyp.me and 50% to the contributors". While page 9 states "Every three months, the profits will be distributed to FYP Token holders in proportion to their ownership of Tokens."

So basically, Flyp.me will take 50% of the profits PLUS half the 50% share assigned to token holders (because they own half the tokens).

So effectively, the profit sharing will break down as follows:

Flyp.me: 50% + 25% (half of the 50% share for token holders) = 75%
Investors: 25%  

As I said, 25% is still good to be honest. It's a lot more profit sharing than 99.99% of other ICOs would ever offer, but I feel a lot of people have invested believing they are getting 50% of the profit share, not 25%. The marketing & whitepaper have made this point vague & misleading IMO.

Your math is correct!

FLYP.ME is basically securing profits going forward instead of upfront if the ICO revenue doesn't ge to the cap. In essence they are getting back 25% of the 50% they are supposed to share, but it should still pay out half of its earnings to the tokens... regardless of who owns them.

I wish they would gradually burn that 50% stake they keep after the ICO as reserves are built up.

[Jack Liver]

i understand the point that someone who invest whitout going deep could be disappointed, but even in the hidden-hardcap reach scenario they get 30% of tokens for self financing purpose, i mean i've read the whole whitepaper and the part that they get tokens has never been in doubt.

[etatto]

How long Will the exchange take?

Flyp.me has reduced to the minimum the number of clicks required to perform transactions and removed unnecessary Javascript animations to ensure the site’s performance is at its highest.

This is better with these yoyo-like rates for some coins 

So do you mean It will be very fast?

I hope so!

[decades85]

I still havent received my 830 Tokens bought on 30th of August in presale. My ether wallet at holytransaction is still empty. Wrote to flyp.me with no result at all.

[HolyTransaction]

I still havent received my 830 Tokens bought on 30th of August in presale. My ether wallet at holytransaction is still empty. Wrote to flyp.me with no result at all.

Hi decades85! If you choose an address on HolyTransaction to receive your Tokens, FYP Tokens will be assigned to your account before the end of the ICO. We are proceeding in batches.

[Raline]

i'm newbie here .. but sorry where the link bounty i see and scroll up the bottom did not find it ,, can you guys tell me where the link bounty

[etatto]

this project is really intresting in a time of blocked accounts and forced KYC this kind of exchanges are the right answer  

It's a shame the "50% profit sharing with token holders" claim is made so misleading, considering Flyp.me will be assigning itself 50% of the total supply of tokens if the soft-cap isn't reached. So basically 75% of the profit will go to Flyp.me & 25% to the investors. It's still a nice initiative but it makes me hesitant to invest when I feel i'm being intentionally mislead like that.

you missed the part were the remaining 50% will be assigned to Contributors if the softcap isn't reached, page 12 of the whitepaper.

https://flyp.me/whitepaper.pdf

so the 50/50 proportion between Flyp.me and Contributors is respected.

That's exactly my point.

The exact wording on page 12 of the whitepaper states "If the soft-cap is not reached, 50% of FYP tokens will be assigned to Flyp.me and 50% to the contributors". While page 9 states "Every three months, the profits will be distributed to FYP Token holders in proportion to their ownership of Tokens."

So basically, Flyp.me will take 50% of the profits PLUS half the 50% share assigned to token holders (because they own half the tokens).

So effectively, the profit sharing will break down as follows:

Flyp.me: 50% + 25% (half of the 50% share for token holders) = 75%
Investors: 25%  

As I said, 25% is still good to be honest. It's a lot more profit sharing than 99.99% of other ICOs would ever offer, but I feel a lot of people have invested believing they are getting 50% of the profit share, not 25%. The marketing & whitepaper have made this point vague & misleading IMO.

Your math is correct!

FLYP.ME is basically securing profits going forward instead of upfront if the ICO revenue doesn't ge to the cap. In essence they are getting back 25% of the 50% they are supposed to share, but it should still pay out half of its earnings to the tokens... regardless of who owns them.

I wish they would gradually burn that 50% stake they keep after the ICO as reserves are built up.

But 50% of something is always better than 50% of nothing IMHO

[Gekko463]

24 hours left and far from the Softcap.

Will you proceed?

Is there hope in an undercapitalized scenario?

Most importantly, will you return our contributions if you feel that an undercapitalized attempt is futile?

[Flypme]

24 hours left and far from the Softcap.

Will you proceed?

Is there hope in an undercapitalized scenario?

Most importantly, will you return our contributions if you feel that an undercapitalized attempt is futile?

Yes, definitely. The exchange is already fully working so we don't see any reason to stop. Last week we added PIVX. This week volumes are up more than 80%.

One of the reasons for the ICO is to increase the reserved funds of each cryptocurrency supported.

Additionally, the funds raised will be used across Engineering, R&D for 2nd layer solutions, Legal services, Communications & Marketing, Business Development & Strategic Partnerships.

When you join the Flyp.me ICO, you are joining an already fully working product with an ambitious roadmap.

[Flypme]

UPDATE

Flyp.me will display the volumes on the website after the ICO. 

This week volumes have increased by around 80%.

Most sold: BTC, ETH, PIVX
Most bought: ETH, BTC, ZEC

[Flypme]

ICO closes soon! This is the time when you rise and tell everyone you know about Flyp.me 😉

The Flyp.me accountless exchange is live now with 14 cryptocurrencies. Fast exchanges straight to your wallet, no registration.

Join the ICO to get FYP Tokens = 50% share of the profits, ability to propose new features and coin additions, vote for key decisions and audit volumes https://flyp.me

[Huxleyfree]

How can I take part in the process?

[Schopenhauer365]

I want to know if it is necessary to do any type or register to participe in the pre ICO

[Flypme]

How can I take part in the process?

Hi, you have 12 hours to join the ICO.

1) Join by sending ETH to the smart contract you find at https://flyp.me > set gas limit to 250,000

2) Join by using the form at https://flyp.me > participate with BTC, ETH, LTC, ZEC, DASH, PIVX, FAIR, GAME, DCR, SYS, PPC, DOGE, BLK, GRC.

These are the instructions on how to join if you have a MyEtherWallet https://github.com/flypme/flypme-instructions/blob/master/MyEtherWallet_Tutorial_for_the_FYP_Token_Crowdsale_ENG.pdf You can also join the conversation on Telegram https://t.me/flypme

[Flypme]

I want to know if it is necessary to do any type or register to participe in the pre ICO

Hi, there are 10 hours left until the ICO closes. No registration is needed. You can visit https://flyp.me and join via the smart contract or form with BTC, ETH, LTC, ZEC, DASH, PIVX, FAIR, GAME, DCR, SYS, PPC, DOGE, BLK, GRC

[Schopenhauer365]

I want to know if it is necessary to do any type or register to participe in the pre ICO

Hi, there are 10 hours left until the ICO closes. No registration is needed. You can visit https://flyp.me and join via the smart contract or form with BTC, ETH, LTC, ZEC, DASH, PIVX, FAIR, GAME, DCR, SYS, PPC, DOGE, BLK, GRC

Thank you, Can I use myetherwallet?

[etatto]

Since I haven't found a support email on the flyp.me exchange, I'm posting here  

I was trying to exchange 2000DOGE:



neither 2000DOGE (2.00E+02) or 0.000304BTC (3.04E-04) are lower than 1.0E-08
So maybe an issue on the exchange?

[Jack Liver]

maybe is a browser problem, have you tried with a different one ? i had that kind of problem with Flyp.me only with Explorer

[etatto]

maybe is a browser problem, have you tried with a different one ? i had that kind of problem with Flyp.me only with Explorer

Good idea, but nope unfortunately: Same issue on Chrome, Edge and Firefox...