[ANN] PayPie - Blockchain-Powered Risk Assessment

[Heimer]

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.

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.

What are you talking about? Many project succeded befor without any whale (or at least no one was pointed out as a whale). It doesn't matter if ICO raise $20m from 2 whales or if ICO raise $20m from 2000 small investors

[the_donald]

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!

hopefully this project will get funded faster that 1 month. that would show the demand and faith people have in the project and would increase demand of the token.

[magisterr]

So, how much companies will be pay for using platform? Who can answer me? It will be depend - which company (small or big) ?

[stormcleric]

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.

Regulations are not bad. They even can address more consumer confidence toward ICOs.

[bitsurfer2014]

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?

I think the credible credit rating score from PAYPIE will help secure invoice buyers, other than that,no one can guarantee that a business entity will not default from its obligations. imho

[matjas]

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.

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.

What are you talking about? Many project succeded befor without any whale (or at least no one was pointed out as a whale). It doesn't matter if ICO raise $20m from 2 whales or if ICO raise $20m from 2000 small investors

I agree with you but usually if the project has huge potential, whales wont miss it since they probably invest a lot of time and money for researching different projects. So to some degree, you may say the project is promising if it has any whales following and investing in.

[windreamteam]

For a legal and honest company paypie could really be a big plus in many cases : to deal with their accounts; to proove their transparency if they need money from a bank it could be easier too ect... paypie have a real utility for the businesses.

[happypencil]

For a legal and honest company paypie could really be a big plus in many cases : to deal with their accounts; to proove their transparency if they need money from a bank it could be easier too ect... paypie have a real utility for the businesses.

right ,I agree with you ! so PAYPIE t has huge potential, i will join when ico start .really great project ,will change people life later.

[stormcleric]

For a legal and honest company paypie could really be a big plus in many cases : to deal with their accounts; to proove their transparency if they need money from a bank it could be easier too ect... paypie have a real utility for the businesses.

right ,I agree with you ! so PAYPIE t has huge potential, i will join when ico start .really great project ,will change people life later.

Not indivudals though. Paypie has much to offer to businesses and it'll be fantastic to see it rise and be adopted, but common people won't notice.

[wonderfullife]

If a business man wants to sell his company the potentials buyers will see thanks to paypie that everything is clear and transparent with no fraud. So in this case we can see one very good utility of Paypie.

[robocop3]

So, how much companies will be pay for using platform? Who can answer me? It will be depend - which company (small or big) ?

I think now no people can answer you this question
It is uncertain!

[Frank37]

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.

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.

What are you talking about? Many project succeded befor without any whale (or at least no one was pointed out as a whale). It doesn't matter if ICO raise $20m from 2 whales or if ICO raise $20m from 2000 small investors

It is often better if the coin is distributed to 2000 investors than to 2 whales, because with many investors the risk of a big dump is not so high.  

[lvsca]

So, how much companies will be pay for using platform? Who can answer me? It will be depend - which company (small or big) ?

I think now no people can answer you this question
It is uncertain!

to much companies using slickpie as their accounting platform, i've try slickpie platform and maybe paypie will adopt slickpie platform

[datguyian]

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.

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.

What are you talking about? Many project succeded befor without any whale (or at least no one was pointed out as a whale). It doesn't matter if ICO raise $20m from 2 whales or if ICO raise $20m from 2000 small investors

It is often better if the coin is distributed to 2000 investors than to 2 whales, because with many investors the risk of a big dump is not so high.  

It depends. If the whales have good economic intentions, then two whales can be really helpful.

[Voltaje]

So, how much companies will be pay for using platform? Who can answer me? It will be depend - which company (small or big) ?

I think now no people can answer you this question
It is uncertain!

PayPie hasn't announced or confirmed any company that is interested in the platform, companies may be waiting for some beta release for they to know how good the platform could meet their needs, or they already have some companies already for partnership, but hasn't said anything, let's see after ICO what will happen.

[Sozialtourist]

So, how much companies will be pay for using platform? Who can answer me? It will be depend - which company (small or big) ?

I think now no people can answer you this question
It is uncertain!

PayPie is targeting small and medium-sized enterprises (SME). Of course no one can tell you now how many companies will use PayPie in the end. But the list of different kind of companies that could use PayPie is huge: Small businesses for lending money to each other, banks or other financial institution because of the credit risk score PayPie provides, insurance companies or companies, that do invoice factoring.

[Jay2408]

So, how much companies will be pay for using platform? Who can answer me? It will be depend - which company (small or big) ?

I think now no people can answer you this question
It is uncertain!

PayPie is targeting small and medium-sized enterprises (SME). Of course no one can tell you now how many companies will use PayPie in the end. But the list of different kind of companies that could use PayPie is huge: Small businesses for lending money to each other, banks or other financial institution because of the credit risk score PayPie provides, insurance companies or companies, that do invoice factoring.

I read somewhere, probably telegram, that Slickpie has around 15k customers, maybe a lot of them want to use Paypie platform when it is launched.

[Islapdonkey]

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

Yeah, I'm talking about China and Korea. But, it's a good thing thing and it should be applied worldwide.

How I wish this law is implemented by every country. That will put a stop to the numerous scam ICOs and really speed up the adoption rate of blockchain technology.

[viljy]

So, how much companies will be pay for using platform? Who can answer me? It will be depend - which company (small or big) ?

I also asked a similar question. That is, I asked where they would get the initial financial statements. It is assumed that the organizations themselves will contact Paypie and provide them with financial documents for analysis. So whether it will be in fact unknown. It remains only to wait, how events will develop after the ICO. Perhaps Paypie already has some arrangements and contacts with interested organizations.

[brendan6498011]

So, how much companies will be pay for using platform? Who can answer me? It will be depend - which company (small or big) ?

I think now no people can answer you this question
It is uncertain!

PayPie hasn't announced or confirmed any company that is interested in the platform, companies may be waiting for some beta release for they to know how good the platform could meet their needs, or they already have some companies already for partnership, but hasn't said anything, let's see after ICO what will happen.

there are many companies may use this platform,but after the ico ended,we can see how many companies will use the platform, i sure it must be very large!