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Author Topic: Crypto exchange with the unique concept  (Read 404 times)
Kramblerty
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April 05, 2018, 12:56:17 PM
Merited by Jekbolt (2)
 #41

1.How do you make money ? What's your business model ?
2.Will you be enforcing KYC policies or other verification processes ?
3.What user trust rating model do you follow ? LocalBitcoins have user reputation which plays an important role in deciding how reliable the trader is.Do you follow something similar ?

Sorry if I missed out on things  in the first post,it's too long to seek the exact info I'am looking for.

No problem)

1. How do you make money?
GDP of the TOKPIE platform will be consisting of the following revenue sources:
- Subscription fees.
- Add-ons sales
- Interest earnings on P2P loans and leverage provisioning.

Please check out the Financial section on 38 page of the whitepaper to learn TOKPIE's tokenomics figures in more details: https://tokpie.io/assets/downloads/tokpie_whitepaper.pdf


What's your business model?
PAAS/SAAS (platform/software as a service)
TOKPIE will be charging only about 10% of users for provision with additional functionalities. All the rest (about 90%) will be using our platform for free. (Same model like Dropbox)


2.Will you be enforcing KYC policies or other verification processes?
Yes, TOKPIE will apply KYC and AML because..:
* Long-term standing.
We want TOKPIE to become the leading P2P cryptocurrency exchange. To achieve real business success, Tokpie needs to demonstrate that it is aiming for more than short-term financial gains, what is most important to us is providing the best possible service for our users.


* Reputation and public perception
By implementing KYC and AML regulations from the initial token sale, Tokpie will ensure that the platform is protected from potential fraud.

* Ability to reach a larger audience.
Having KYC and AML safeguards in place will allow Tokpie to attract a much larger audience and expand its reach into countries which operate more stringent financial regulatory requirements.

* Avoid Compliance Complications
By being transparent with financial regulators from the start, we can avoid complications which could arise

* Keeping track after the token sale
Incorporating KYC and AML checks into the token sale process can help the platform keep track of investors (not allow restricted countries' participation)

* Avoid fines.
Governments have begun to clamp down on unregulated exchanges, charging substantial fines for those platforms which have failed to show that they have the necessary statutory procedures in place. In 2017 it was predicted that fines of over $4billion would be issued globally for non-compliance with AML.


3.What user trust rating model do you follow? LocalBitcoins have user reputation which plays an important role in deciding how reliable the trader is.Do you follow something similar?

Yes, each TOKPIE's users will have rating scores, which can be received for positive feedbacks from counterparties. Positive feedback given by the same counterparty provides 1000 times lower points (to avoid scam rating pumping).

Also, users with a high-rating score can be allowed to help others (newbies) in some easy (not sensitive info) questions and get tokens from us for that. Similar to the merit system used in bitcointalk forum.

Adding such gamification to the support function will help TOKPIE to increase the platform adoption rate by stimulating thousands of traders of different languages to sign up, become experienced users and earn tokens for helping newcomers.

High rating score will also allow a user to get the access to lower p2p loans and leverage interest rates and some other functionalities.


Here is our official [ANN] thread there are a lot of discussions relating to all of your questions-) kindly check it: https://bitcointalk.org/index.php?topic=3253647.msg33955806#msg33955806


P.S.

Join us now https://tokpie.io/signup to receive 5% bonus in addition to all tokens earned for completing bounty assignments, plus a 1% bonus on all token purchases!

Moreover, Increase your token amount by adding referrals.
Get a 5% bonus for their earnings in the bounty campaign! Additionally earn 1% of your friends’ pre-sale and final sale token purchases!
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Kramblerty
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April 30, 2018, 12:03:40 PM
 #42

Hello fellows!


We had released MVP!
🚀 🚀 🚀

Try our alpha please: https://bitcointalk.org/index.php?topic=3253647.0
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