[UPDATE 3.NOV] [ANN] PEERITY.IO | A Community-Building Social Platform [PEER]

[Peerity]

Is there already some preview of the 'platform' you're building? Having a difficult time trying to get an idea of the platform you're building regards!

Yes, you can check out the future platform here: https://peerity.net/. Let us know what you think!

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[nothappend]

Hello, have you already concocted a solution of “whale” oligarchy problem, which another similar project Steemit had faced?

Yes. We wanted to keep far away from a system where the big bag holders wield all the power in the platform. In Peerity, there is no upvote that is tied to the amount of tokens you have. So an upvote from a whale will have as much power as someone who only owns a tiny fraction of tokens. Our payout system is not based solely on upvotes from other members. Our algorythm uses a plethora of indicators to determine if a certain post or action has value and will reward accordingly.

Can you tell me please which indicators does your algorithm use?

[16009]

How many services will providers of peer-to-peer networks be able to offer on one SLA stage?

Hi, can you please clarify your question? I think you're asking how many services a PEER server can run concurrently. We may need to limit this in the future, but at present, there is no limit on the number of services a peer server operator can run.

That’s exactly what I’m asking about. Why there are no restrictions now, but they can appear in the future?

[coin63]

Will your project be regulated by the legislation of any state?

We operate under Panama's legislation at the moment. You can check our crowd-sale page and the terms and conditions at https://www.peerity.io/crowdsale/

Are you planning to get licenses in other countries in the future?

The PEER debit card is going to require substantial regulatory expense, but other than that, there's no real need.

Good afternoon. What is the minimum amount of funds that you’re planning to collect with ICO’s help in order to continue developing your project?

The minimum raise is 1000 ETH, or about $300,000. That is the minimum needed to ensure that we ship with the promotion needed to make the platform and token viable.

How long will it take you to launch the platform if you manage to collect only the minimum amount of funds?

[Peerity]

What is the price for your files’ storage in the PeerStorage? Are there any restrictions on the maximum amount of data uploaded?

This feature is not yet implemented. It's a stretch goal. The price will depend on our costs.

[Peerity]

You have described a list of services that would be available in Perrity after the launch. Do you plan to complement it with new tools In the future?

Peerity Web Services will continue to grow and mature well after the launch. Holders of the token will have the option to vote on some features.

[Peerity]

Are you going to issue a certain amount of tokens every year after the launch? Won’t this affect the cost of tokens on the exchange?

Yes. We have a variable generation rate for tokens, between 0.5 and 1.5 per second. We have the ability to vary this creation rate in order to ensure that prices are stable.

We have a variety of other measures such as destroying tokens spent on the website that will be used in order to ensure price stability.

[Peerity]

Hi, guys, tell me where are you incorporated?

Peerity is incorporated in Panama and is currently investigating the possibility of moving to BVI.

[hollybit]

According to what you say, token will be deeply integrated into Peerity platform. What services will it be possible to buy for it and how much more profitable is it compared to the use of crypto-currency?

[seriosman]

What will you do if the sum collected during the ICO isn’t enough for further development of the platform?  Will there be additional investment round?

[Priest Sannin]

so basically the project consists of a social network that tries to "spread good deeds" in society and reward them besides being an advertising tool?

[nextwalker]

Can you name the main sources of Peerity platform’s income?

[Immer]

How will «Handshake» help to improve the overall confidence between the parties to the smart contract?

[devilini]

Will smart contracts be drawn up automatically? Will users have only to add terms?

[Peerity]

so basically the project consists of a social network that tries to "spread good deeds" in society and reward them besides being an advertising tool?

No, we are not an advertising tool. Your user data wont be sold to advertisers. We might implement a feature later that let users decide whether they want to sell their data, but that is still on the drawing board at the moment.

[Peerity]

Can you name the main sources of Peerity platform’s income?

A portion of the daily created tokens (5%) is reserved for paying for the running costs and upkeep of the platform. Fees coming from ecommerce and crowdfunding posts also go towards his.

[Peerity]

How will «Handshake» help to improve the overall confidence between the parties to the smart contract?

We aim to have a more human-readable smart contract that people can look at and understand. This takes away the reliance on specialized developers for smart contracts.

[Peerity]

What will you do if the sum collected during the ICO isn’t enough for further development of the platform?  Will there be additional investment round?

We have contingency plans in place to make sure the project goes live even without a successful investment round.

[Peerity]

Will your project be regulated by the legislation of any state?

We operate under Panama's legislation at the moment. You can check our crowd-sale page and the terms and conditions at https://www.peerity.io/crowdsale/

Are you planning to get licenses in other countries in the future?

The PEER debit card is going to require substantial regulatory expense, but other than that, there's no real need.

d afternoon. What is the minimum amount of funds that you’re planning to collect with ICO’s help in order to continue developing your project?

The minimum raise is 1000 ETH, or about $300,000. That is the minimum needed to ensure that we ship with the promotion needed to make the platform and token viable.

How long will it take you to launch the platform if you manage to collect only the minimum amount of funds?

The minimum amount of funds really is the minimum amount to ship. Peerity will launch early next year even if only 1000 ETH is raised. It may launch even without a successful raise. We're close.

[Peerity]

What about bounty? Can't find it thread.

The bounty program is closed. All existing bounties will be honored. We're only granting bounty tokens in exchange for good advertising/PR at the moment.