[ANN] PayPie - Blockchain-Powered Risk Assessment

[matjas]

Paypie Team had been very busy at the event. There was a lot of interest in the blockchain accounting and how we will be using it to solve real life business problems. Everyone was very excited to see this coming.

Great news guys! I hope that you will meet some big whale who will invest in paypie as an institutional investor?

I know this was a regular accounting expo, but were there some other companies which are involved with the crypto world representing themselves?

[toolucky98]

Paypie Team had been very busy at the event. There was a lot of interest in the blockchain accounting and how we will be using it to solve real life business problems. Everyone was very excited to see this coming.

Great news guys! I hope that you will meet some big whale who will invest in paypie as an institutional investor?

realy great news,show us some more photos,and contact a lot of whales investors...

I dont think whales investors are good for any ico as they dump when they see good price.More investors is better than few whales

Not really, whales always win, and if you act with whales, then you will win also.

And if project is a success new whales will acquire dumper whales coins.

If project is going bad, whales will dump and no new whale will be there.


So as long as project is going good, don't need to worry about whales.

I think you can neither invite nor prevent from whales to invest.Usually whales also prefer to invest during pre-ico or presale so they get better price.Also if whales do not invest in ico,they can buy in exchange and again dump when price goes  up from at what price they bought.I think looking at the potential of this ico,institutional investors would be more interested to buy in and that would be good for Paypie small investors also

A good project wont easily die only because of price manipulation.
Because if the price get dumped, then it will encourage more investors or maybe traders to invest while its cheap.

[Korsakopf]

Paypie Team had been very busy at the event. There was a lot of interest in the blockchain accounting and how we will be using it to solve real life business problems. Everyone was very excited to see this coming.

[img]

Great news guys! I hope that you will meet some big whale who will invest in paypie as an institutional investor?

realy great news,show us some more photos,and contact a lot of whales investors...

I dont think whales investors are good for any ico as they dump when they see good price.More investors is better than few whales

Not really, whales always win, and if you act with whales, then you will win also.

And if project is a success new whales will acquire dumper whales coins.

If project is going bad, whales will dump and no new whale will be there.


So as long as project is going good, don't need to worry about whales.

I think you can neither invite nor prevent from whales to invest.Usually whales also prefer to invest during pre-ico or presale so they get better price.Also if whales do not invest in ico,they can buy in exchange and again dump when price goes  up from at what price they bought.I think looking at the potential of this ico,institutional investors would be more interested to buy in and that would be good for Paypie small investors also

You can't prevent them from investing, but you can put a personal cap on each investment. That way a whale won;t be able to invest more then your average Joe. But from the business perspective, that is not always a good idea. The backing of a big investor brings some advantages with it. As long as you don't let them scoop up ALL tokens

[jonnytracker]

The PayPie team was carefully assembled with a comprehensive set of experts

cool will wait for this project

[Energy_girl]

What would be your value proposition?

[haxllega]

Paypie Team had been very busy at the event. There was a lot of interest in the blockchain accounting and how we will be using it to solve real life business problems. Everyone was very excited to see this coming.

[img]

Great news guys! I hope that you will meet some big whale who will invest in paypie as an institutional investor?

realy great news,show us some more photos,and contact a lot of whales investors...

I dont think whales investors are good for any ico as they dump when they see good price.More investors is better than few whales

Not really, whales always win, and if you act with whales, then you will win also.

And if project is a success new whales will acquire dumper whales coins.

If project is going bad, whales will dump and no new whale will be there.


So as long as project is going good, don't need to worry about whales.

I think you can neither invite nor prevent from whales to invest.Usually whales also prefer to invest during pre-ico or presale so they get better price.Also if whales do not invest in ico,they can buy in exchange and again dump when price goes  up from at what price they bought.I think looking at the potential of this ico,institutional investors would be more interested to buy in and that would be good for Paypie small investors also

You can't prevent them from investing, but you can put a personal cap on each investment. That way a whale won;t be able to invest more then your average Joe. But from the business perspective, that is not always a good idea. The backing of a big investor brings some advantages with it. As long as you don't let them scoop up ALL tokens

Especially this project needs some big whales backing it because if it is a success it will be huge.

[levyashin]

Paypie Team had been very busy at the event. There was a lot of interest in the blockchain accounting and how we will be using it to solve real life business problems. Everyone was very excited to see this coming.

[img]

Great news guys! I hope that you will meet some big whale who will invest in paypie as an institutional investor?

realy great news,show us some more photos,and contact a lot of whales investors...

I dont think whales investors are good for any ico as they dump when they see good price.More investors is better than few whales

Not really, whales always win, and if you act with whales, then you will win also.

And if project is a success new whales will acquire dumper whales coins.

If project is going bad, whales will dump and no new whale will be there.


So as long as project is going good, don't need to worry about whales.

I think you can neither invite nor prevent from whales to invest.Usually whales also prefer to invest during pre-ico or presale so they get better price.Also if whales do not invest in ico,they can buy in exchange and again dump when price goes  up from at what price they bought.I think looking at the potential of this ico,institutional investors would be more interested to buy in and that would be good for Paypie small investors also

You can't prevent them from investing, but you can put a personal cap on each investment. That way a whale won;t be able to invest more then your average Joe. But from the business perspective, that is not always a good idea. The backing of a big investor brings some advantages with it. As long as you don't let them scoop up ALL tokens

Most of high funded ico is letting them to scoop all tokens.

I can't say they are wrong, cause with that, they easily reach their hard cap.

Put a personal cap and reach to soft cap or put a very high minimum contrubition limit and get the hard cap. Who can blame icos doing so.


Of course paypie didn't yet make a statement about icos terms, so this is pure speculation.

[bitsurfer2014]

Paypie Team had been very busy at the event. There was a lot of interest in the blockchain accounting and how we will be using it to solve real life business problems. Everyone was very excited to see this coming.

Great news guys! I hope that you will meet some big whale who will invest in paypie as an institutional investor?

I know this was a regular accounting expo, but were there some other companies which are involved with the crypto world representing themselves?

If I'm not mistaken, I think no other companies that are involved in crypto was in that expo except on Paypie's platform. But if ever there was one, PAYPIE could always pride itself as the Worlds First Blockchain Accounting Platform.

[kraterion]

Yes it was the only one because there aren't other projects around cryptoworld that offer this kind of service. This is also the reason this project will be huge

[viljy]

Great project. Now the reporting will be protected from forged data. Judging by the description, the development team gathered highly qualified specialists in their fields. I think they will achieve great success. But time will tell. While at the moment the project looks very attractive for investors.

[pynetx]

I don't really trust centralized systems with my personal data.
It's good to have paypie take steps to make it safer for everyone.

[Jay2408]

INTERVIEW SCHEDULED!

Hi everybody, I have an interview scheduled with Nick Chandi, CEO of PayPie. Please message me questions and comments you have about PayPie to add to our list of things to discuss. Interview is on Thursday so lets make sure we have a great list to make it as efficient as possible for Nick!!

@AndreasBTC on twitter
BTCBusinessconsult@gmail.com

Thanks

This thread is growing so fast, almost didn't find this post. Sent you a PM.

[the_donald]

I don't really trust centralized systems with my personal data.
It's good to have paypie take steps to make it safer for everyone.

you shouldn't. especially if you heard of the recent equifax scandal. that's what you get when you only have a few companies running things.

[FIEX]

Really cant wait to see this ICO start!
Great campaign and very good marketing behind this project! First account platform on blockchain for the moment so this must attract some big investors.

Good luck devs!

[toolucky98]

Paypie Team had been very busy at the event. There was a lot of interest in the blockchain accounting and how we will be using it to solve real life business problems. Everyone was very excited to see this coming.

Great news guys! I hope that you will meet some big whale who will invest in paypie as an institutional investor?

I know this was a regular accounting expo, but were there some other companies which are involved with the crypto world representing themselves?

If I'm not mistaken, I think no other companies that are involved in crypto was in that expo except on Paypie's platform. But if ever there was one, PAYPIE could always pride itself as the Worlds First Blockchain Accounting Platform.

Since they are the only one for now, they will get a lot of attentions because of it. Everyone there will see this concept look unique especially those who dont know blockchain/smart contract.

[BTCBusinessConsult]

INTERVIEW SCHEDULED!

Hi everybody, I have an interview scheduled with Nick Chandi, CEO of PayPie. Please message me questions and comments you have about PayPie to add to our list of things to discuss. Interview is on Thursday so lets make sure we have a great list to make it as efficient as possible for Nick!!

@AndreasBTC on twitter
BTCBusinessconsult@gmail.com

Thanks

This thread is growing so fast, almost didn't find this post. Sent you a PM.

I got it and responded.

Had some messages from people. Don't forget if you DONT send me questions for the interview we cannot discuss them, then your questions won't be answered. So send me questions and comments to make sure they get answered!!

Thanks

[Trrrt]

Very nice communication management, paypie handle things very well. During the event they were very busy and gain a massive visibility for investors. They manage well the communication on social media too, just look at the thread, a lot of question answered and a lot of post with news.
Im ready for the ico, im totaly sure that it will be a sucess !

[Heimer]

I don't really trust centralized systems with my personal data.
It's good to have paypie take steps to make it safer for everyone.

If data is strongly encrypted and safely storaged on blockchain I don't see any contraindications. Hacker won't be able to access your personal info and your partners will have much easier job with accounting

[CR2020]

INTERVIEW SCHEDULED!

Hi everybody, I have an interview scheduled with Nick Chandi, CEO of PayPie. Please message me questions and comments you have about PayPie to add to our list of things to discuss. Interview is on Thursday so lets make sure we have a great list to make it as efficient as possible for Nick!!

@AndreasBTC on twitter
BTCBusinessconsult@gmail.com

Thanks


Good luck with your interview. This is a recent interview with Nick Chandi that you may find useful -

PART 1 - https://www.youtube.com/watch?v=NNROt6ERBLE&t=12s

PART 2 - https://www.youtube.com/watch?v=e6JCKREN1X0&t=369s

Thanks

[kraterion]

Again this is just a guess on my part but as i aforementioned, due to SEC rules, the piecoin might have been conceived as an alternative to incentive Paypie customers/Paypie coin holders. Piecoin might be distributed as a form of dividend (note that i use the word a form to denote that its not an actual dividend) and the distribution could be exchanged on Paypie's platform for fiat. Since it's not the main coin associated with the project and only has internal use, i.e.( Paypie won't provide an exchange for it) this deflects any issue that the SEC rules might pose.
 
 As for pegging to multiple currencies, am guessing they will peg it to the currency that's currently worth the most, and use exchange rates from that currency to pay out on other currencies. Again, am just guessing and none of this should be considered viable till statement is obtained from an admin

I think I have figured it out. But still guessing. I think you actually have it backwards. PPP tokens are the investment vehicle and PieCoin are stable stores of debit/credit value.

Assuming PPP are the PayPie tokens that are traded on the exchanges. PPP will be converted to PieCoin (PIE) for internal transactions in the PayPie market.

PIE are pegged to a several major currencies at the same time: a currency basket. For the sake of argument, assume the currency basket is 1 PIE = $1.

You owe someone $300. Which means you are 300 PIE short.

PIE can only be exchanged through PPP tokens.

PPP tokens fluctuate, but according to the whitepaper the price per token starts at 1 PPP = 0.0011 ETH.

If the price of $300 = 1 ETH you need to buy 1/0.0011 = 909 PPP.

If PPP doubles in value, you need to buy 454 PPP instead. Your debt, in terms of currency basket value, has remained the same amount, ie. 300 PIE = $300.

If you were indebted 300 PPP instead of PIE, after PPP doubled in value you would owe $600.

Nice catch, and they can achieve that with PIE because it's only an internal token and it won't be put on exchanges. It's the only way to keep a token stable at the moment, there's this token, Corion in which devs claim that price will be always $1, isn't on exchanges yet but it will be on day, I'm going to grab a popcorn basket when their reserve to buy COR will finish (because at some point it will finish)