[ANN] PayPie - Blockchain-Powered Risk Assessment

[Wapinter]

Has the pre-ico been announced yet? I signed up for emails on their website but never received anything.

Me to never get email no matter i fallow this project closely

By the way guys clif high just promoted the paypie in his newest report ! this could be huge thing ! the futre is looking more brighter for paypie project !

Has the pre-ico been announced yet? I signed up for emails on their website but never received anything.

Presale dates will be announced 3 days before presale so that you have enough time to secue your participation.Please also join paypie telegram if you have already signed up for newsletter.

[Voltaje]

Has the pre-ico been announced yet? I signed up for emails on their website but never received anything.

Me to never get email no matter i fallow this project closely

By the way guys clif high just promoted the paypie in his newest report ! this could be huge thing ! the futre is looking more brighter for paypie project !

The pre-ico was already announced, perhaps you didn't subscribe or you subscribed after it was announced because the alert will only happen when the pre-ico start; could you please give the link to the video, I would like to know more about paypie.

[dimifi]

Has the pre-ico been announced yet? I signed up for emails on their website but never received anything.

Me to never get email no matter i fallow this project closely

By the way guys clif high just promoted the paypie in his newest report ! this could be huge thing ! the futre is looking more brighter for paypie project !

The pre-ico was already announced, perhaps you didn't subscribe or you subscribed after it was announced because the alert will only happen when the pre-ico start; could you please give the link to the video, I would like to know more about paypie.

Its paid only articles https://www.halfpasthuman.com/Hph_reports.html so i cant share it with u but i 100proc can assure it is in his article paypie will have huge influx of investors in near future no doubt for that
I didnt get email for it :/// nOoo!

[blackened515]

There is actually a weak link in PayPie compare to Populous.

Populous has Poken for internal exchange, pegged to fiats; PayPie has Pie coin for the same purpose.

But there is one advantage Populous has that PayPie has not.

PayPie requires the SMEs to submit their financials to the blockchain in order to sell their invoices, but this is not the weakest link.
The weakest link is the company that owes the SME selling the invoice!
The SME has absolutely nothing to do with it if the company does not want to settle the invoice.
If I owe you money, and you issue an invoice for that, and you sell that invoice to Mr. Noob, and I choose not to pay you, you have no worries because you already got the money from selling the invoice.
It's the buyer (Mr. Noob) that will suffer if I don't pay.
The SME submitting its financials to the blockchain is completely irrelevant.
Putting a risk score on the SME that sells the invoice is also irrelevant.
Putting a risk score on the customer that owe the SME is also irrelevant, because ultimately the SME wants the business.
In a world of stiff competition, the SMEs have no luxury to cherry-pick which customer to sell to, regardless of their risk scores.
Many here claim to be accountants, but I am surprised why they can't see through this weak link.
This is a risk of default.
Populous already solved this from the very start.

Edit:
The factoring industry is lucrative, and that's because bulk of it is related to consumer debt (sold pennies on the dollar), not corporate debt.
And recovery is usually through persistent threats.
This won't work with corporate figures.

Lots of SMEs will love this because they can finally unload their junk invoices to gullible buyers willing to bid up the price for such junk.

You are forgetting the fact that changing the beneficiary name is part of the Smart Contract. If it’s a brand new customer, risk would be shown as high. Nick has mentioned that if it’s a repeat customer with long history and business has good financial health, it will improve the risk score. Further they mentioned that they will do KYC on all SMEs looking for liquidity. All this would be on top of the standard financial process that would be in place to prevent loan defaults or steps to take to aid debt recovery. In fact there are debt collection mechanisms that are well established in offline financial industry. You lend money only to businesses who have sound financial health and they just need it for short period to manage their cash flow. Other companies can't even check the double invoicing issue becuase invoice entry is manual so anyone can enter it.

I think Dorky means this example:

Let’s say you own a business that sells rubber to Nike for their shoes. You are good at your job, but it takes Nike 90-120 days to pay you for your work. Marketplace lender will buy that invoice from you at a discount & then wait for Nike to pay the original sum to the lender.

PayPie will show a credit score risk of my business. But who or what protects the buyer of my invoice from Nike? Do you mean that Nike is also automatically in the PayPie platform and has an influence on the credit score of my business?

If you have been doing business with Noke for years and Nike has always paid you,why wouldn't it pay to invoice buyer?If Nike default,it would also damage their image and position in finance market?
Also this anwer your qustion Further they mentioned that they will do KYC on all SMEs looking for liquidity. All this would be on top of the standard financial process that would be in place to prevent loan defaults or steps to take to aid debt recovery. In fact there are debt collection mechanisms that are well established in offline financial industry.

[Korsakopf]

Hi guys, a nice positive boost for the project. You were mentioned in Clif High's report, he was quite positive about the project. He is a very well respected cryto analyst.

[Heimer]

Has the pre-ico been announced yet? I signed up for emails on their website but never received anything.

Me to never get email no matter i fallow this project closely

By the way guys clif high just promoted the paypie in his newest report ! this could be huge thing ! the futre is looking more brighter for paypie project !

Subscribe to their email list and telegram channel. There was info about token sale even in this thread

[greatteager]

when to wait for the exchange of coins?

ICO not over and people start asking for exchange listings. Just give the team the time they need to developd a good product insead of waiting to instadump your tokens as fast as possible.

Well, that's how the market is now. People willing to invest waiting immediate returns. That's how it is, and it allows projects to raise important funds so they must play the game too.

Indeed, dumping the coins after release on exchanges. Happens with every ICO and then.... after some weeks the price went x15 and then they keep banging there heads agains the wall

Paypie is a project for a long hold! Hold your investments and you will have a huge profit after some years.
This project is unique and will be added on exchanges soon after ICO

Pretty much every recent project required you to hold coins long term since they usually dont have working platforms to show in the beginning.
I dont really like this trend but i guess you cant do it differently.

If you more a trader than an investor I would suggest you to trade coins which are on the market for some time.

It is necessary and invest in long-term and trade coins that pump at the start of the exchange and they can be bought cheaper.

[Trrrt]

Paypie start to build a great reputation in crypto world. A lot of good people in crypto talk about paypie and the visibility of the project is huge. For me paypie is one of the most bankable project of this year, one with most possibility and potential. Disruptive technologie and huge team.

[FIEX]

Killing PayPie FUD

https://www.youtube.com/watch?v=rHGFdWaf_ro

Thanks for sharing this video!
That websites really seems to be runned by scammers, they probably get payed for there reviews.

Glad this video was made, so people know that the website is just spreading FUD.
These websites should be go offline! They are misleading some investors.

[Rigorous]

If you have been doing business with Noke for years and Nike has always paid you,why wouldn't it pay to invoice buyer?If Nike default,it would also damage their image and position in finance market?
Also this anwer your qustion Further they mentioned that they will do KYC on all SMEs looking for liquidity. All this would be on top of the standard financial process that would be in place to prevent loan defaults or steps to take to aid debt recovery. In fact there are debt collection mechanisms that are well established in offline financial industry.

KYC and debt collection is nice in theory, but how is that going to work in practice when you are dealing with invoices from all over the world with lesser known SMEs and customers? Let's say instead of Nike USA, we are talking about some customer called Noke from Kazachstan. I guess it is then the responsibility of the buyer to avoid such invoices where the customers are foreign and debt collection is impractical.

It also does not answer my question how to build up a credit score as a startup or freelancer without repeat customers, let's say a plumber or tiler, having many one-off private individuals as customers. I suppose PayPie is not the most suitable platform for that kind of entrepreneurs.

[bitsurfer2014]

There is actually a weak link in PayPie compare to Populous.

Populous has Poken for internal exchange, pegged to fiats; PayPie has Pie coin for the same purpose.

But there is one advantage Populous has that PayPie has not.

PayPie requires the SMEs to submit their financials to the blockchain in order to sell their invoices, but this is not the weakest link.
The weakest link is the company that owes the SME selling the invoice!
The SME has absolutely nothing to do with it if the company does not want to settle the invoice.
If I owe you money, and you issue an invoice for that, and you sell that invoice to Mr. Noob, and I choose not to pay you, you have no worries because you already got the money from selling the invoice.
It's the buyer (Mr. Noob) that will suffer if I don't pay.
The SME submitting its financials to the blockchain is completely irrelevant.
Putting a risk score on the SME that sells the invoice is also irrelevant.
Putting a risk score on the customer that owe the SME is also irrelevant, because ultimately the SME wants the business.
In a world of stiff competition, the SMEs have no luxury to cherry-pick which customer to sell to, regardless of their risk scores.
Many here claim to be accountants, but I am surprised why they can't see through this weak link.
This is a risk of default.
Populous already solved this from the very start.

Edit:
The factoring industry is lucrative, and that's because bulk of it is related to consumer debt (sold pennies on the dollar), not corporate debt.
And recovery is usually through persistent threats.
This won't work with corporate figures.

Lots of SMEs will love this because they can finally unload their junk invoices to gullible buyers willing to bid up the price for such junk.

Can you elaborate more? What did Populous do to solve right from the start this issue you just mentioned? And sorry I don't know much about Popolous

No worries with regards to unpaid invoices. Everyone can always go to courts to assert their rights, especially in financial obligations.

[greatteager]

Hi guys, a nice positive boost for the project. You were mentioned in Clif High's report, he was quite positive about the project. He is a very well respected cryto analyst.

Great news, I respect his opinion. Where can I find complete information?

[Wapinter]

REMINDER:

  Pre-Sale Date & Details
TBA

  Pre-Sale Individual Minimum
1 ETH

  Pre-Sale Individual Cap
100 ETH
 
  Pre-Sale Will Be Announced
At least 3 days before pre-sale starts

  Regular Tokensale Runs
From Oct 15 till Nov 15, 2017

  Soft Cap
4,500,000 PPP

  Hard Cap
82,500,000 PPP

  Price per Token
1 PPP = 0.0011 ETH
1 ETH = 909 PPP

  Minimum to Invest During Regular Tokensale
1 ETH

  Maximum limit to invest during regular ICO
No individual cap

  Currency accepted
Ethereum (ETH)

  Whitelist
No

  KYC for ICO
No

  Tokens delivery
Within 14 business days after completion of ICO

  Wallet suggestion
MEW https://www.myetherwallet.com/

[chaoscoinz]

What are the chances that a hack like Equifax won't happen in case of Paypie. It could not be easy like equifax but, I think no one is immune to it.
What are the measure Paypie is taking to avoid this kind of situation?

The chances of a hack happening are pretty slim, considering that the whole premise of the company is to change the outdated way in which small companies handle their accounting ecosphere.
In today accounting of small businesses, a latency issue with keeping ledgers up to date, remains problematic. Getting acurate financial data from these small companies is burdensome because the records are never synchronized to date, and are always behind.
  Paypie will put accounting to work on a transparent blockchain system, creating a new ecosystem for financial bookkeeping, solving the latency issue. Their software is so tride and true, that they have a 100% acurate risk assessment algorithm that is guaranteed to work in unison with the dynamic of Paypie management software. But yes, there will always be vulnerabilities within a system.

[lvsca]

Popolous still dont have ready platform as I know. They conducted fundraising in june.
And also, Popolous have a little different idea. Popolous is an invoice platform.

Populous has totally different idea and they still didn't achieve much. Paypie will have some kind of risk management system build in that will improve overal worth of this token

did you believe that paypie will reach at least 80% cap or more? this is great idea with risk score algo as main idea.

[greatteager]

REMINDER:

  Pre-Sale Date & Details
TBA

  Pre-Sale Individual Minimum
1 ETH

  Pre-Sale Individual Cap
100 ETH
 
  Pre-Sale Will Be Announced
At least 3 days before pre-sale starts

  Regular Tokensale Runs
From Oct 15 till Nov 15, 2017

  Soft Cap
4,500,000 PPP

  Hard Cap
82,500,000 PPP

  Price per Token
1 PPP = 0.0011 ETH
1 ETH = 909 PPP

  Minimum to Invest During Regular Tokensale
1 ETH

  Maximum limit to invest during regular ICO
No individual cap

  Currency accepted
Ethereum (ETH)

  Whitelist
No

  KYC for ICO
No

  Tokens delivery
Within 14 business days after completion of ICO

  Wallet suggestion
MEW https://www.myetherwallet.com/

I figured that the maximum cap will be only $ 26.3 million. This pleased. Iso end in a few minutes.

[Wapinter]

Guys, we'll officially inform you about all presale details in the next day or two. We want to have all the formalities set before we further discuss the details. We appreciate your patience, thanks for understading. Just one or two days more and we'll share it.

Yohan
Paypie Team

[ArabMist]

Ok, So I raised some issues with this ICO on their telegram and before I could answer someone who asked me to elaborate then I got banned.

RED FLAG #1

I won't go in to the other red flags, this guy sums them up well enough:

https://www.youtube.com/watch?v=RPIj0YCZ7jA

[chaoscoinz]

Popolous still dont have ready platform as I know. They conducted fundraising in june.
And also, Popolous have a little different idea. Popolous is an invoice platform.

Populous has totally different idea and they still didn't achieve much. Paypie will have some kind of risk management system build in that will improve overal worth of this token

did you believe that paypie will reach at least 80% cap or more? this is great idea with risk score algo as main idea.

With big attacks, like what happened with Equifax, causing the consumer to distrust services like this, only gives Paypie the edge, because just about everything (besides the cryptography) is transparent, within the blockchain. The Equifax hack was devastating, people will demand clarity in the future, the blockchain puts this platform ahead of the curve.

[Altcoinster]

So many posts in here without any value. Would be happy if people would bring back some challenging and constructive discussions into this thread again.

There isn't much to say anymore, we're waiting for pre-sale announcement and 15th october for ICO start. If you want we can discuss on this maybe https://www.theguardian.com/money/2017/feb/14/credit-rating-remortgage-equifax-experian-callcredit .No more mistakes with PayPie

Lets see when the pre sale will happen, I think about an investment here, but I am not sure..