[ANN] PayPie - Blockchain-Powered Risk Assessment

[Cauchy]

When is the presale due and will it be min capped? thanks

Hello, Details about the presale (date, Min cap etc) are yet to be finalized. Once It is finalised, The information will be shared here.

In the meantime, You should subscribe to the PayPie Newsletter on the website: https://paypie.com or Join the Slack Channel: https://paypie.herokuapp.com/

Thanks for a Quick response. This is a part sometimes overseen. Threads are created but to little interaction from the team, this doesnt seem to be the case here. Will give the whitepaper a try although a few persons states it is not an easy read.

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[nelson4lov]

When is the presale due and will it be min capped? thanks

Hello, Details about the presale (date, Min cap etc) are yet to be finalized. Once It is finalised, The information will be shared here.

In the meantime, You should subscribe to the PayPie Newsletter on the website: https://paypie.com or Join the Slack Channel: https://paypie.herokuapp.com/

Thanks for a Quick response. This is a part sometimes overseen. Threads are created but to little interaction from the team, this doesnt seem to be the case here. Will give the whitepaper a try although a few persons states it is not an easy read.

The whitepaper might be a bit complex but It sure contains all the details about PayPie's  accounting platform. So It's definitely worth the read. The Paypie team will soon launch their blog where information on the whitepaper will be explained in ELI5.

[cantdecide]

I really tried to understand your whitepaper, but I didn't get it  
I am not so familiar with this risk stuff, but if you want to make a good ICO, maybe you should make a little section or video for dummies, like me.
Wish you all the best.

Yes unfortunatelly whitepaper of paypie is very technical. I am an accountant even i hardly understand it. Lots of user (me neither) asked for a eaiser, less technical whitepaper or something but to this time they didn't act on it. But it doesn't mean that they won't do it. Just continue to watch project, there is too much time for ico. Maybe they post something for average joe

I think a lot of people will invest in this project not knowing all the detailed about the platform. Are you planing to use it to help you with your accounting or just for a chance to gain  some profit?
I think most of us are here because we see the potential in earning an extra buck. Thats how investments work.

I still think that it is important as an investor to understand what you're investing in. They are working on explaining things in the whitepaper in simpler language.

I also think it is important to understand the projects in which you invest at all. Otherwise you are not able to estimate the value of it for yourself and you can just follow others which could lead into a bad direction.

Well studying this Threat is also a good help to understand more of the project.

[bitsurfer2014]

I really tried to understand your whitepaper, but I didn't get it  
I am not so familiar with this risk stuff, but if you want to make a good ICO, maybe you should make a little section or video for dummies, like me.
Wish you all the best.

Yes unfortunatelly whitepaper of paypie is very technical. I am an accountant even i hardly understand it. Lots of user (me neither) asked for a eaiser, less technical whitepaper or something but to this time they didn't act on it. But it doesn't mean that they won't do it. Just continue to watch project, there is too much time for ico. Maybe they post something for average joe

I think a lot of people will invest in this project not knowing all the detailed about the platform. Are you planing to use it to help you with your accounting or just for a chance to gain  some profit?
I think most of us are here because we see the potential in earning an extra buck. Thats how investments work.

I still think that it is important as an investor to understand what you're investing in. They are working on explaining things in the whitepaper in simpler language.

Of course, it is imperative for every investor to know what kind of business they would be investing in and since PAYPIE offers the first accounting platform on the blockchain, investors would eventually realize an opportunity in it.

[Elkmar]

When is the presale due and will it be min capped? thanks

There is written : Token Crowdsale Opens on Oct 15, 2017

But no information about the presale, or is it the date of the presale ?

[Trrrt]

Its true that paypie offer us a great opportunity. Its the first accounting and risk analysis project build with blockchain. Its really innovative and constitue a real chance for an investors. The market application of paypie are very huge and different.
The pre sale is soon and we will have a lot of information about it, im impatient to see the minimum and the maximum cap. It Think a lot of people want to Join paypie, the pre sale will be a sucess and ico too !

[itsonlikedonkeykong]

I am thrilled to see a company that is addressing an industry which is ripe for disruption: accounting.

PAYPIE offers the first accounting platform on the blockchain!

[Pajulapoiss]

I really tried to understand your whitepaper, but I didn't get it  
I am not so familiar with this risk stuff, but if you want to make a good ICO, maybe you should make a little section or video for dummies, like me.
Wish you all the best.

Yes unfortunatelly whitepaper of paypie is very technical. I am an accountant even i hardly understand it. Lots of user (me neither) asked for a eaiser, less technical whitepaper or something but to this time they didn't act on it. But it doesn't mean that they won't do it. Just continue to watch project, there is too much time for ico. Maybe they post something for average joe

I think a lot of people will invest in this project not knowing all the detailed about the platform. Are you planing to use it to help you with your accounting or just for a chance to gain  some profit?
I think most of us are here because we see the potential in earning an extra buck. Thats how investments work.

I still think that it is important as an investor to understand what you're investing in. They are working on explaining things in the whitepaper in simpler language.

Of course, it is imperative for every investor to know what kind of business they would be investing in and since PAYPIE offers the first accounting platform on the blockchain, investors would eventually realize an opportunity in it.

Ye dummies version is definitely needed for this project.

And the very reason why I might not invest in this project is, because I don't fully understand it. I sense that there is profit to be made, in the long run, but I forbid myself  to invest in business I dont understand.

[magisterr]

When is the presale due and will it be min capped? thanks

Hello, Details about the presale (date, Min cap etc) are yet to be finalized. Once It is finalised, The information will be shared here.

In the meantime, You should subscribe to the PayPie Newsletter on the website: https://paypie.com or Join the Slack Channel: https://paypie.herokuapp.com/

On pre-sale you will have some more bonuses? Any miniimum pursache on pre-sale?

[Voltaje]

I really tried to understand your whitepaper, but I didn't get it  
I am not so familiar with this risk stuff, but if you want to make a good ICO, maybe you should make a little section or video for dummies, like me.
Wish you all the best.

Yes unfortunatelly whitepaper of paypie is very technical. I am an accountant even i hardly understand it. Lots of user (me neither) asked for a eaiser, less technical whitepaper or something but to this time they didn't act on it. But it doesn't mean that they won't do it. Just continue to watch project, there is too much time for ico. Maybe they post something for average joe

I think a lot of people will invest in this project not knowing all the detailed about the platform. Are you planing to use it to help you with your accounting or just for a chance to gain  some profit?
I think most of us are here because we see the potential in earning an extra buck. Thats how investments work.

I still think that it is important as an investor to understand what you're investing in. They are working on explaining things in the whitepaper in simpler language.

Of course, it is imperative for every investor to know what kind of business they would be investing in and since PAYPIE offers the first accounting platform on the blockchain, investors would eventually realize an opportunity in it.

Ye dummies version is definitely needed for this project.

And the very reason why I might not invest in this project is, because I don't fully understand it. I sense that there is profit to be made, in the long run, but I forbid myself  to invest in business I dont understand.

Tha is ok, everybody should only invest when they understand what they are putting their money on, there are a lot of cases where people just invest without knowing what is going on, XD , and then come to the ICO chat and ask everything, meaning that they even didn't read the whitepaper; in the case of paypai, they will create a platform for accounting and risk prediction, for companies and banks, they will be the main clients, so the token will be bought by big companies to pay for the services.

[nonokeci]

fair to say that firms in part of the network will be exposing their financials? this would work with a publicly listed company in exchanges around the world,

[pynetx]

Populous was $5 when I bought it in exchange. Paypie is relevant to all business. I hope paypie will not be less than $10 when it hits exchange.
I am waiting for ico to buy with bonus

Yeah it could be possible but, I'm afraid that it's too technical for most of the people to understand.

Then the PayPie team needs to put some marketers on the job to explain the benefits to their target audience, the small/medium entrepreneurs as end-users instead of investors of a tech company, without too much technical jargon. Just focus on the requirements, workflow, price and results. When you buy a car you don't necessarily need to know the chemistry and physics involved in the combustion of fuels either.

It is a must because I've seen big fish turned down some of the best and most beneficial product's because they were beyond their understanding in terms of their technical aspects.

[the_donald]

I am thrilled to see a company that is addressing an industry which is ripe for disruption: accounting.

PAYPIE offers the first accounting platform on the blockchain!

yeah this definitely looks like it has potential. what we need to know right now is how the platform works.

[FIEX]

When is the presale due and will it be min capped? thanks

Hello, Details about the presale (date, Min cap etc) are yet to be finalized. Once It is finalised, The information will be shared here.

In the meantime, You should subscribe to the PayPie Newsletter on the website: https://paypie.com or Join the Slack Channel: https://paypie.herokuapp.com/

On pre-sale you will have some more bonuses? Any miniimum pursache on pre-sale?

This was a message from a dev:
Details about the presale (date, Min cap etc) are yet to be finalized. Once It is finalised, The information will be shared here.

In the meantime, You should subscribe to the PayPie Newsletter on the website: https://paypie.com or Join the Slack Channel: https://paypie.herokuapp.com/

So more info very soon

[levyashin]

When is the presale due and will it be min capped? thanks

Hello, Details about the presale (date, Min cap etc) are yet to be finalized. Once It is finalised, The information will be shared here.

In the meantime, You should subscribe to the PayPie Newsletter on the website: https://paypie.com or Join the Slack Channel: https://paypie.herokuapp.com/

On pre-sale you will have some more bonuses? Any miniimum pursache on pre-sale?

This was a message from a dev:
Details about the presale (date, Min cap etc) are yet to be finalized. Once It is finalised, The information will be shared here.

In the meantime, You should subscribe to the PayPie Newsletter on the website: https://paypie.com or Join the Slack Channel: https://paypie.herokuapp.com/

So more info very soon

They are a little bit discreet right now, probably working things out.

I hope they communicate with us more often.


For pre-ico i believe they will put a minimum contribituon limit that will force us to wait ico. But who nows, just wait now.

[Frickeladm]

I read the enchanted white paper. work in centralized Accounting and risk prevention is the primary goal in any organization or individual. the decentralization of the segment will bring many benefits and can be replicated in any country. Congratulations on the project. I will be following closely. our investments appreciate the idea

[stormcleric]

Also how are companies incentivized to add their companies financials to the platform? Do they receive tokens in exchange for providing their data? Finally, is there a similar credit score rating contemplated for individuals?

On the slack, a similar questions were asked and got these responses which were quite insightful.
"Initially we will be attracting established companies to the marketplace by enabling east and fast lending process from anywhere, anytime. Current process with banks is cumbersome, time consuming and very expensive and can eat up to 25-30% of the invoice value in agreement cost, interest and fees. This exposes them to the benefits of blockchain accounting and create wider awareness among them. We already have and will build more relationship with organized groups like accounting and bookkeeping firms who usually advise businesses on what platform to use. The benefits like ending duplicate data entry, automated reconciliation and automatic audits are some of the huge benefits that are simply too hard to ignore because they impact your profits."

Finally, is there a similar credit score rating contemplated for individuals? What I mean is are you proposing a score that would compete with FICO for rating consumers? If so, this could have promise as well.    

"Only if person is self employed like a contractor or web developer. We will be able to build a risk score based their income, expenses  and other historical data."

Hello dev team, this is really promising IMHO and will consider an allocation as I learn more about the project and possible valuation. Is this product intended to compete with the oligopoly of S&P, Fitch, and Moodys for credit rating services? Or are you primarily targeting smaller businesses that are outside of the purview of the large rating services? It seems to me to be the latter. Either way there should be room for growth.  

They are actually targeting the big players and offering a lot of incentives to use the paypie platform
"Yes, we are not building an accounting software but an accounting platform that exposes to the many benefits of blockchain to the SMEs. It's a mix of accounting software and credit scoring companies....you can think this way because we use the blockchain to solve their cashflow problem."

you should join the slack to communicate directly with members of the team. https://paypie.herokuapp.com/

This is very good answers, and I was already aware of the accounting platform, but not the credit scoring, I thought they had an algorithm to give credit risk predictions, but it appears that it will be integrated fully in the platform, together with a complex ledger to act upon it, so that scoring algorithm is just one part of the product the project is offering to the market, this is getting good by the day .

Yes, PayPie is not building an accounting software but an accounting platform that exposes to the many benefits of blockchain to the SMEs. It's a mix of accounting software and credit scoring companies....you can think this way because we use the blockchain to solve their cashflow problem.

I've been thinking about that for some days now and you exposed it again. Maybe the title for this topic was not a good choice for newbies. I mean, when they talk about accounting they mean risk scoring. It'd make more sense to say "World’s First Blockchain Risk Scoring Platform". Don't you think?

[pynetx]

Also how are companies incentivized to add their companies financials to the platform? Do they receive tokens in exchange for providing their data? Finally, is there a similar credit score rating contemplated for individuals?

On the slack, a similar questions were asked and got these responses which were quite insightful.
"Initially we will be attracting established companies to the marketplace by enabling east and fast lending process from anywhere, anytime. Current process with banks is cumbersome, time consuming and very expensive and can eat up to 25-30% of the invoice value in agreement cost, interest and fees. This exposes them to the benefits of blockchain accounting and create wider awareness among them. We already have and will build more relationship with organized groups like accounting and bookkeeping firms who usually advise businesses on what platform to use. The benefits like ending duplicate data entry, automated reconciliation and automatic audits are some of the huge benefits that are simply too hard to ignore because they impact your profits."

Finally, is there a similar credit score rating contemplated for individuals? What I mean is are you proposing a score that would compete with FICO for rating consumers? If so, this could have promise as well.    

"Only if person is self employed like a contractor or web developer. We will be able to build a risk score based their income, expenses  and other historical data."

Hello dev team, this is really promising IMHO and will consider an allocation as I learn more about the project and possible valuation. Is this product intended to compete with the oligopoly of S&P, Fitch, and Moodys for credit rating services? Or are you primarily targeting smaller businesses that are outside of the purview of the large rating services? It seems to me to be the latter. Either way there should be room for growth.  

They are actually targeting the big players and offering a lot of incentives to use the paypie platform
"Yes, we are not building an accounting software but an accounting platform that exposes to the many benefits of blockchain to the SMEs. It's a mix of accounting software and credit scoring companies....you can think this way because we use the blockchain to solve their cashflow problem."

you should join the slack to communicate directly with members of the team. https://paypie.herokuapp.com/

This is very good answers, and I was already aware of the accounting platform, but not the credit scoring, I thought they had an algorithm to give credit risk predictions, but it appears that it will be integrated fully in the platform, together with a complex ledger to act upon it, so that scoring algorithm is just one part of the product the project is offering to the market, this is getting good by the day .

Yes, PayPie is not building an accounting software but an accounting platform that exposes to the many benefits of blockchain to the SMEs. It's a mix of accounting software and credit scoring companies....you can think this way because we use the blockchain to solve their cashflow problem.

I've been thinking about that for some days now and you exposed it again. Maybe the title for this topic was not a good choice for newbies. I mean, when they talk about accounting they mean risk scoring. It'd make more sense to say "World’s First Blockchain Risk Scoring Platform". Don't you think?

From what I understand what you are saying makes more sense than calling it some accounting platform.

[starblocks]

This project looks fascinating I'll have a read through the whitepaper

How much are you hoping to raise with the ICO?

[ParRus]

This project looks fascinating I'll have a read through the whitepaper

How much are you hoping to raise with the ICO?

Total Token Pool Size Including Reserve: 165,000,000 PPP
1 PPP = 0.0011 ETH

Calculation:
165000000 x 0.0011 = 181500 ETH