[ANN] PayPie - Blockchain-Powered Risk Assessment

[Dorky]

How will this project actually get off the ground? You are targeting the SME space, but the SME space isn't actually the space that is most eager to adopt blockchain technology. If you want to provide a 100% accurate risk assessment, you need a 100% transparent picture of the company. And therefore you need 100% of all assets and liabilities being accessible for you. And therefore you need a double layer accounting system with a data feed infrastructure between the double entry and the triple entry layer. And that again is adding complexity in the first place, which many of those companies will not want. Are you actually targeting companies that are about to be newly incepted or established companies that you want to get to transfer their double entry data into triple entry accounting infrastructure?

You might actually be surprised that a lot of SME will appreciate this service. As I aforementioned, if this service becomes the norm, it will break down barriers and encourage universal lending. So a SME in South Africa might not be able to apply for a loan with a bank in Australia. Because the bank has no way to prove their credit worthiness, with Paypie, the bank can easily verify their assets and liabilities. Thus enabling a process that was priorly deemed impossible.
As for does complaining about companies with shady paperwork, well Paypie is not meant for them and honestly, those shady companies shouldn't get funds that could be allocated to another company operating in an honest fashion

Companies with shady paperworks are the majority out there (in my country this is true) but banks and companies are ok with that, if they adopt this algorithm many many companies will go down

Banks are okay with that because they demand collateral to secure the loan.

But what will help secure invoice buyers from invoices sold at PayPie that will default?

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[stormcleric]

Hello , when tokens will be tradable?

maybe you must wait till the end crowsale. Then you can trade token on some exchange. I think etherdelta will be the first exchange you can trade paypie

Etherdelta accepts every new coin regardless of how shitty it is. It would be best not to concentrate on Etherdelta and try for Hitbitc or Nova or Yobit if you think getting into an exchange is very much important.

Etherdelta has an option to add from just contract adresses.

So if you have an ethereum token, you can put it into sale in etherdelta. It's their system.

By the way i hate etherdelta, it is buggy and everything comes with gas.

I dont really like etherdelta too, even we already need to pay some gas for putting an order.

Don't take it wrong with Etherdelta. It is true it uses gas for everything but it's a nice approach to a decentralized exchange. The ability to list any token "regardless of how shitty it is" is because it works with any ERC20 token. And finally, being listed there allows for a quick appreciation of a token.

[Hindafing]

This project looks very promissing, hope they will rock.

[eneyardi]

When is presale goin to be?I think only 14 days left to main ico then why not they announce presale now?

I think they will announce in next week. maybe tomorrow so you just keep calm and wait. or maybe dont have presale. or presale will open on 15 - Oct too

on website showing 15 OCTOBER ICO will start that means pre-sale will be official announce in this week but i think pre-sale will be available for short time. go on website and subscribe for alert notification.

So ICO starts on 15 October but how long will it last?

[magisterr]

I read again whitepaper, but cant find info about liquidity tokens.
Can anyone explaine me? But in detail please.

Could you explain this question in more detail? What do you exactly want to know about the liquidity of PAYPIE tokens?

liquidity tokens - its market demand.
I mean: why they need tokens? for what purpose do they need tokens after ICO ? Dont will turn tokens into a pumpkin after ICO?

[viljy]

When is presale goin to be?I think only 14 days left to main ico then why not they announce presale now?

I think they will announce in next week. maybe tomorrow so you just keep calm and wait. or maybe dont have presale. or presale will open on 15 - Oct too

on website showing 15 OCTOBER ICO will start that means pre-sale will be official announce in this week but i think pre-sale will be available for short time. go on website and subscribe for alert notification.

So ICO starts on 15 October but how long will it last?

I think that until they collect the right amount. It may be in the few days after the start, if there is so much interest in the ICO.

[imtiazmahmood]

When is presale goin to be?I think only 14 days left to main ico then why not they announce presale now?

I think they will announce in next week. maybe tomorrow so you just keep calm and wait. or maybe dont have presale. or presale will open on 15 - Oct too

on website showing 15 OCTOBER ICO will start that means pre-sale will be official announce in this week but i think pre-sale will be available for short time. go on website and subscribe for alert notification.

So ICO starts on 15 October but how long will it last?

I think that until they collect the right amount. It may be in the few days after the start, if there is so much interest in the ICO.

most of ICO take time one month or some of take 2 month depend on how much amount collected. i think paypie ICO run for a month or until target amount collected.

[Wapinter]

When is presale goin to be?I think only 14 days left to main ico then why not they announce presale now?

I think they will announce in next week. maybe tomorrow so you just keep calm and wait. or maybe dont have presale. or presale will open on 15 - Oct too

on website showing 15 OCTOBER ICO will start that means pre-sale will be official announce in this week but i think pre-sale will be available for short time. go on website and subscribe for alert notification.

So ICO starts on 15 October but how long will it last?

Ico starts on 15th October and ends on 15th November

[ubercool]

When is presale goin to be?I think only 14 days left to main ico then why not they announce presale now?

I think they will announce in next week. maybe tomorrow so you just keep calm and wait. or maybe dont have presale. or presale will open on 15 - Oct too

on website showing 15 OCTOBER ICO will start that means pre-sale will be official announce in this week but i think pre-sale will be available for short time. go on website and subscribe for alert notification.

So ICO starts on 15 October but how long will it last?

Ico starts on 15th October and ends on 15th November

I have seen some ICO's running for months, 1 month is enough to get the investments and the value will be determined in the first week only. Thats the trend these days.

[toolucky98]

I read again whitepaper, but cant find info about liquidity tokens.
Can anyone explaine me? But in detail please.

Could you explain this question in more detail? What do you exactly want to know about the liquidity of PAYPIE tokens?

liquidity tokens - its market demand.
I mean: why they need tokens? for what purpose do they need tokens after ICO ? Dont will turn tokens into a pumpkin after ICO?

From whitepaper :
PPP Token is the utility token which provides access to the PayPie platform for certain transactions and services. Each PPP Token grants the holder the right to access certain services including the purchase of invoices and access to credit histories of SMEs.  Lenders will require PPP Tokens to access the PayPie platform, and tokens can be used to buy discounted invoices, credit scoring data and real-time financial data of an SME. For example, if you are buying a bill from business X at a discounted price so that their customer, business Y, can pay you the full invoice amount at payment deadline - let’s say 120 days from now - will cost you XXX amount of PPP Tokens.

[Trrrt]

1 mounth for an ico is pretty nice. Its even a lot of time, andni think paypie will raised a lot of money fast, so in 1 mounth the project will raised a lot more. I think a lot of people wait the 15 in starting block to enter in paypie, with the potential of the project and the actual hype, the value will skyrocket !

[Jay2408]

1 mounth for an ico is pretty nice. Its even a lot of time, andni think paypie will raised a lot of money fast, so in 1 mounth the project will raised a lot more. I think a lot of people wait the 15 in starting block to enter in paypie, with the potential of the project and the actual hype, the value will skyrocket !

I believe a lot of people are impatiently waiting for pre-sale start  ... can hardly wait to see how much they'll already raise in pre-sale. Hopefull, they'll announce it soon.

[SEELE^^01]

1 mounth for an ico is pretty nice. Its even a lot of time, andni think paypie will raised a lot of money fast, so in 1 mounth the project will raised a lot more. I think a lot of people wait the 15 in starting block to enter in paypie, with the potential of the project and the actual hype, the value will skyrocket !

1 month is more than enough for an ico, yes

i believe that they will even rise more than the hard cap

there is so much time and effort already in this project, it must be skyrocket at the end for sure!

[toolucky98]

1 mounth for an ico is pretty nice. Its even a lot of time, andni think paypie will raised a lot of money fast, so in 1 mounth the project will raised a lot more. I think a lot of people wait the 15 in starting block to enter in paypie, with the potential of the project and the actual hype, the value will skyrocket !

1 month is more than enough for an ico, yes

i believe that they will even rise more than the hard cap

there is so much time and effort already in this project, it must be skyrocket at the end for sure!

Yep, this project has become a hype even before the crowdsale begins.
So we will see a very positive result for sure 

[magisterr]

I read again whitepaper, but cant find info about liquidity tokens.
Can anyone explaine me? But in detail please.

Could you explain this question in more detail? What do you exactly want to know about the liquidity of PAYPIE tokens?

liquidity tokens - its market demand.
I mean: why they need tokens? for what purpose do they need tokens after ICO ? Dont will turn tokens into a pumpkin after ICO?

From whitepaper :
PPP Token is the utility token which provides access to the PayPie platform for certain transactions and services. Each PPP Token grants the holder the right to access certain services including the purchase of invoices and access to credit histories of SMEs.  Lenders will require PPP Tokens to access the PayPie platform, and tokens can be used to buy discounted invoices, credit scoring data and real-time financial data of an SME. For example, if you are buying a bill from business X at a discounted price so that their customer, business Y, can pay you the full invoice amount at payment deadline - let’s say 120 days from now - will cost you XXX amount of PPP Tokens.

I read this. I mean, how much tokens companies must to pay for access to the platform for example.

[tiger5056]

hopefully i can get in to ICO. Project is nice and community is growing each day.

[PandaMiner]

For such popular and strong projects as paypie, it would be nice to have a whitelist or an individual cap like in icon so everyone can participate

Perhaps an individual cap, that will ensure nobody holds too many coins, but a whitelist is not necessary, they already decided that there will be a pre-ico, with a minimum investment size, so there is no need for more, the project is already good as it is.

Yes, a maximum cap per individual is must. This way price can not be controlled by a small group of whales.

I disagree, though is seems good at first ,you have to take into account the possibility that they may not get enough investors. that's when wales step in and compensate.

agree with you. many good project out there still hard to reach softcap because dont have any big player join. and some ICO we think it is trash can reach their hardcap easily

If a project has great vision then people will invest in it and they don't have to whales.
Cindicator set an example how ico should work. That was most closed ico ever and still they reached the hard cap before end date.
Less spread is always harmful.

Even though a project has a great vision, doesn't mean it will attract more investors. Without whales, almost impossible for a project to run as expected.

[Sozialtourist]

1 mounth for an ico is pretty nice. Its even a lot of time, andni think paypie will raised a lot of money fast, so in 1 mounth the project will raised a lot more. I think a lot of people wait the 15 in starting block to enter in paypie, with the potential of the project and the actual hype, the value will skyrocket !

1 month is more than enough for an ico, yes

i believe that they will even rise more than the hard cap

there is so much time and effort already in this project, it must be skyrocket at the end for sure!

Yep, this project has become a hype even before the crowdsale begins.
So we will see a very positive result for sure 

I am pretty sure they won't raise more than the hard cap But I got you mean, the potential of PayPie is enormous and with all the hype around this project I am confident the ICO will be a complete success for everyone involved, the PayPie team and the investors.

[haxllega]

I heard as per new rules it is mandatory to have a working platform before the ico to show the tokens can be spendable. Would this applies to paypie also or is it out the new rule sets because of its jurisdiction area?

Are you talking about Korea based ICOs or ICOs in general? Or China based maybe? PayPie isn't based in Korea or China, I see no problems at all

That would make no sense. The purpose of an ICO is to raise funds to develop a product. If it's mandatory to have a working platform before the ico many good projects wouldn't be possible.

That's right!
I would also like to know where these new rules are stated, to which country they apply, etc. If it's not just a rumour or hearsay someone can provide perhaps a source.

As long as PayPie countries do not introduce regulatory regulations for ICO.
Then these are no impact on PayPie.
I am more concerned about the PayPie team's planning of the project and the current advance of PayPie.

If this is true , it would significantly decrease the number of ICO's on the market. Having a working product is no easy feat.

There are no official new rules for ALL ico's. Maybe just some new laws in Korea and China. But still a lot of other countries

Why do people really concern into this stuff? You are right no matter how they impose new laws regarding on ICO but still there are lots of countries as of now which can freely made any decisions without any laws to follow up.Just go with the traditional way.

It can make uncertainty. If Korea and China ban, others will follow?

It's a delicate market, everything is affecting bitcoin price and ico contributions. This kind of news is toxic for us.

Of course it should concern us when a country like South Korea decides to ban local ICOs. Btw. Switzerland is investigating ICOs, too. Maybe they'll make some regulations as well?
It's naive to think that these news don't have an effect at all to the success of an ICO.

I think all countries will eventually start to regulate ICO's. This is not exactly a bad thing, I think it' a good thing, there are so many scams in the ICO's. PayPie does look good and does have a solid team so I'm expecting a lot from them.

Regulations of the government are always bad. Yes I agree many people get scammed. But believe me if you once got scammed you will do more research for the next time.

[sockpuppet1911]

When is presale goin to be?I think only 14 days left to main ico then why not they announce presale now?

I think they will announce in next week. maybe tomorrow so you just keep calm and wait. or maybe dont have presale. or presale will open on 15 - Oct too

on website showing 15 OCTOBER ICO will start that means pre-sale will be official announce in this week but i think pre-sale will be available for short time. go on website and subscribe for alert notification.

So ICO starts on 15 October but how long will it last?

When i look at the hype i would say it's over in no time. I am not going to wait that's for sure.