[ANN] PayPie - Blockchain-Powered Risk Assessment

[levyashin]

in case it will be used by banks and insurance companies this is going to be huge!! 

Sooner or later financial institutions such as banks and insurance companies will embrace PAYPIE's platform as its risk score is accurate and fraud proof.

I do not think banks and insurance companies will use this poject in their work

It already depends on how paypie will prove itself. It is possible that they will use it in a few years.

everything is possible if the project will be successful in the long term maybe the banks will be use it...

Banks are the ones this project is mostly aiming for, they do investments with the money their clients give them to store, so they will definitely need a scored risk management tool for their ledger, and an accounting platform.

Exactly. Banks earn most of their money of interest on loans. So any service that provides a transparent picture of a client's liquidity/liabities will be valued.

Yes, but poaching banks not that easy. I don't think that they would have some bank customers before they have some share in the market. But they will come in time.

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[Islapdonkey]

everything is possible if the project will be successful in the long term maybe the banks will be use it...

Then the banks have to migrate their databases to the blockchain. Unfortunately the on-chain transaction bandwidth is too low for the number of daily transactions. You could skirt around the issue using off-chain transactions but that would kind of defeat the purpose.

Maybe that is where Ethereum Plasma comes in "to design a system whereby computation can occur off-blockchain but ultimately enforceable on-chain".

Banks might not utilize paypie for all service earlier on but they can immediately benefit from some of it's services esp when dealing with credit assessment.

[PPleaseman]

Hi. What happens to the unsold tokens? I read the whitepaper but didnt find the part. Thank you

Cheers

[kraterion]

Hi. What happens to the unsold tokens? I read the whitepaper but didnt find the part. Thank you

Cheers

I want to know this as well but at this point I don't know if there will be unsold tokens lol. PayPie was already a top project, now with Di Iorio on board people are getting FOMOed

[Champ1]

Very interesting, will be watching closely

[Heimer]

everything is possible if the project will be successful in the long term maybe the banks will be use it...

Then the banks have to migrate their databases to the blockchain. Unfortunately the on-chain transaction bandwidth is too low for the number of daily transactions. You could skirt around the issue using off-chain transactions but that would kind of defeat the purpose.

Maybe that is where Ethereum Plasma comes in "to design a system whereby computation can occur off-blockchain but ultimately enforceable on-chain".

Banks might not utilize paypie for all service earlier on but they can immediately benefit from some of it's services esp when dealing with credit assessment.

There are many companies that want platform like Paypie to do their accounting. I'm so hyped up for this ico

[matjas]

everything is possible if the project will be successful in the long term maybe the banks will be use it...

Then the banks have to migrate their databases to the blockchain. Unfortunately the on-chain transaction bandwidth is too low for the number of daily transactions. You could skirt around the issue using off-chain transactions but that would kind of defeat the purpose.

Maybe that is where Ethereum Plasma comes in "to design a system whereby computation can occur off-blockchain but ultimately enforceable on-chain".

Banks might not utilize paypie for all service earlier on but they can immediately benefit from some of it's services esp when dealing with credit assessment.

That is even more plausible scenario for the beginning. But for starters everyone would be glad if this platform will be used in other smaller areas, during that phase some changes can be made and then later fully implemented in banks.

[VPoro]

Hi. What happens to the unsold tokens? I read the whitepaper but didnt find the part. Thank you

Cheers

I think they will burn all unsold token. this is normal in ICO. but still waiting dev confirm this

[Korsakopf]

everything is possible if the project will be successful in the long term maybe the banks will be use it...

Then the banks have to migrate their databases to the blockchain. Unfortunately the on-chain transaction bandwidth is too low for the number of daily transactions. You could skirt around the issue using off-chain transactions but that would kind of defeat the purpose.

Maybe that is where Ethereum Plasma comes in "to design a system whereby computation can occur off-blockchain but ultimately enforceable on-chain".

Banks might not utilize paypie for all service earlier on but they can immediately benefit from some of it's services esp when dealing with credit assessment.

There are many companies that want platform like Paypie to do their accounting. I'm so hyped up for this ico

I think it might take some marketing and networking to get the big companies to adopt it. But they already have a client list thanks to slick pie. What i'm interested in is the factoring possibilities Paypie offers.

[the_donald]

Hi. What happens to the unsold tokens? I read the whitepaper but didnt find the part. Thank you

Cheers

I think they will burn all unsold token. this is normal in ICO. but still waiting dev confirm this

This is the right thing to do! Burn 'em and have the token value increase for all investors. that's the way you do it.

[ParRus]

Hi. What happens to the unsold tokens? I read the whitepaper but didnt find the part. Thank you

Cheers

I think they will burn all unsold token. this is normal in ICO. but still waiting dev confirm this

I think in this ICO will sell all the tokens, as we see how much activity in this topic, and the news is very good! the project is really wonderful and useful! accounting is the most important component of any business

[Sozialtourist]

Hi. What happens to the unsold tokens? I read the whitepaper but didnt find the part. Thank you

Cheers

I think they will burn all unsold token. this is normal in ICO. but still waiting dev confirm this

I think in this ICO will sell all the tokens, as we see how much activity in this topic, and the news is very good! the project is really wonderful and useful! accounting is the most important component of any business

They won't burn unsold tokens! They will go the reserve that will be used to develop partnerships for the ecosystem.

[kraterion]

Hi. What happens to the unsold tokens? I read the whitepaper but didnt find the part. Thank you

Cheers

I think they will burn all unsold token. this is normal in ICO. but still waiting dev confirm this

I think in this ICO will sell all the tokens, as we see how much activity in this topic, and the news is very good! the project is really wonderful and useful! accounting is the most important component of any business

They won't burn unsold tokens! They will go the reserve that will be used to develop partnerships for the ecosystem.

Correct me if I'm wrong, tokens for future partnership are already taken in account, that amount is not increased buy unsold tokens (again, if I recall correctly)

[Islapdonkey]

Hi. What happens to the unsold tokens? I read the whitepaper but didnt find the part. Thank you

Cheers

I think they will burn all unsold token. this is normal in ICO. but still waiting dev confirm this

I think in this ICO will sell all the tokens, as we see how much activity in this topic, and the news is very good! the project is really wonderful and useful! accounting is the most important component of any business

They won't burn unsold tokens! They will go the reserve that will be used to develop partnerships for the ecosystem.

Usually i quiver with fear at the idea of a company retaining unsold coins post ICO but something about PAYPIE makes me secure that they will do right by their investors. I always advice that you research before investment and never trust anyone's post but in the rare occasion, you choose to ignore my advice, just know that this is one of my current top ICO choice.

[Sozialtourist]

Hi. What happens to the unsold tokens? I read the whitepaper but didnt find the part. Thank you

Cheers

I think they will burn all unsold token. this is normal in ICO. but still waiting dev confirm this

I think in this ICO will sell all the tokens, as we see how much activity in this topic, and the news is very good! the project is really wonderful and useful! accounting is the most important component of any business

They won't burn unsold tokens! They will go the reserve that will be used to develop partnerships for the ecosystem.

Correct me if I'm wrong, tokens for future partnership are already taken in account, that amount is not increased buy unsold tokens (again, if I recall correctly)

Nick Chandi confirmed on Telegram that all unsold tokens will go to the reserve for partnerships. https://imgur.com/a/ECS1y
That was on 14th of September though.

[Rigorous]

Nick Chandi confirmed on Telegram that all unsold tokens will go to the reserve for partnerships. https://imgur.com/a/ECS1y
That was on 14th of September though.

Strange answer. They can give away the unsold tokes, but they won't be worth 0.011 ETH. The total amount of ETH raised will be divided over all tokens, so the value per token will simply decrease. Whether you give away 100 tokens worth 0.011 ETH or 1000 tokens worth 0.0011 ETH, it is still the same amount of ETH. Not sure how dilution is going to incentive anyone.

[bitcoinbulk]

Nick Chandi confirmed on Telegram that all unsold tokens will go to the reserve for partnerships. https://imgur.com/a/ECS1y
That was on 14th of September though.

Strange answer. They can give away the unsold tokes, but they won't be worth 0.011 ETH. The total amount of ETH raised will be divided over all tokens, so the value per token will simply decrease. Whether you give away 100 tokens worth 0.011 ETH or 1000 tokens worth 0.0011 ETH, it is still the same amount of ETH. Not sure how dilution is going to incentive anyone.

True, but these partnerships can help to propel Paypie even further, which would then drive the price up (ideally). Getting Paypie tokens into the right hands can make all the difference.

[FIEX]

Nick Chandi confirmed on Telegram that all unsold tokens will go to the reserve for partnerships. https://imgur.com/a/ECS1y
That was on 14th of September though.

Thanks for clearing this out!
Its not a bad idea to use the unsold tokens for partnerships. But I think they will not have unsold tokens.

This is one of those ICO that will be sold out very fast.
Really hope I can get a piece for me

[Syroamst]

Nick Chandi confirmed on Telegram that all unsold tokens will go to the reserve for partnerships. https://imgur.com/a/ECS1y
That was on 14th of September though.

Thanks for clearing this out!
Its not a bad idea to use the unsold tokens for partnerships. But I think they will not have unsold tokens.

This is one of those ICO that will be sold out very fast.
Really hope I can get a piece for me

We rated PAYPIE as "Medium Interest" on https://icodrops.com/paypie/. Looks like very promising.

[ParRus]

another one PAYPIE review, on YouTube appear many videos about PAYPIE, project is gaining momentum
https://www.youtube.com/watch?v=sfptECiR_J8