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Author Topic: [ANN][ICO] PointPay.io CRYPTO BANKING ECOSYSTEM (Round 1 LIVE)  (Read 1079 times)
3x1t
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May 30, 2019, 10:53:54 AM
 #21

I see you are working on development of crypto wallet with SPV technology. That's awesome! But I wonder if you are going to make a wallet back-up function for the web version. That really concerns me as a few days ago I lost an access to my Ledger Nano S wallet due to a firware update trouble.
Hardware wallets gained a poor reputation from my side after such an issue happened.   

Anyone who use mobile wallets?
I think it is very dangerous.


not really. I'm currently using Coolwallet, a hardware wallet which provides a 2 factor auth. So the only time your funds are at risk is if, they have your phone, and they have the card itself + your fingerprint. Comparing that to other desktop wallets which I find more dangerous. Even one of the upcoming projects partnered with them to make their own hardware wallet in where the users can store their digital collectibles together with other major coins. Though mobile wallets are still okay, Trust and Eidoo are good.

I've been using hardware Ledger Nano S wallet for 2 years. Used to think it's the most convenient and secure wallet in the cryptocurrency market now (24-word seed phrase for a back-up, for instance, and keeping a private key in the encrypted part of the wallet) since they obtained a Certification de Sécurité de Premier Niveau (First Level Security Certificate), until I decided to update the version of the firmware from 1.3.1 to 1.8.0 in order to use more than 5 currencies simultaneously (I'm an active trader). The updation process is stuck. I can't use my wallet anymore. It turned out to be a common issue. The Ledger team could at least leave a warning note about this challenge in the account of a desktop version in order to avoid this difficulty in the future. As far as I understand, it's not workable anymore, as those ways undertaken to tackle the issue (based on their advice and users' help) completely failed.

Now, I have to use a Coinomi wallet, since they support BIP32 layout for 24-word seed phrase for the recovery. It's inconvenient and doesn't have a user-friendly interface for customers though.  

I would like to continue using my Ledger wallet, but I'm not ready to give them another $100-150. It's a disaster.  


Totally devastated.  Sad

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aversuz
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May 30, 2019, 03:23:20 PM
 #22

We have attended Malta AI & Blockchain Summit! See our thoughts and impressions in the article below!

"The crucial moment for the public was a dispute for $ 10,000. Roger promised to present this amount of funds to Tone on the following terms. Tone sends a BTC transaction equal to $ 5 with one satoshi per byte fee. This is, by the way, a standard fee for BCH transactions. If Tone’s transaction will be confirmed within 24 hours, Roger gives him $ 10,000. The transaction was finally confirmed in ten hours. Nevertheless, experts noticed that the transaction was manually added to the block by one of the mining pools. The explicit goal of this action was to help Tone Ways to win the dispute.
Who won the dispute, after all?"


The pool probably decided to reach a sharing agreement for a prize of $10,000 with Tone, 50/50.  Grin
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May 30, 2019, 03:49:50 PM
 #23

for a banking cryptocurrency soft cap I think is too small. it is necessary for the development of this product at least 3 mln $.

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May 30, 2019, 04:14:08 PM
 #24

for a banking cryptocurrency soft cap I think is too small. it is necessary for the development of this product at least 3 mln $.

actually, $ 1 million is a good amount to start a business in the form of banking. but in any case, the team does not start with empty pockets

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May 30, 2019, 04:25:53 PM
 #25

Read the top of this thread... The project looks useless. Sorry but IMO it is
aversuz
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May 30, 2019, 04:55:27 PM
 #26

Read the top of this thread... The project looks useless. Sorry but IMO it is

Anyway, guys have presented minimum viable products and keep working on full versions of them. Haven't seen any project that was trying to build a full ecosystem yet. Seems like the idea is to make the token a gas unit to render internal services.   
guteng
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May 30, 2019, 05:12:29 PM
 #27

Read the top of this thread... The project looks useless. Sorry but IMO it is

Anyway, guys have presented minimum viable products and keep working on full versions of them. Haven't seen any project that was trying to build a full ecosystem yet. Seems like the idea is to make the token a gas unit to render internal services.    

it would be better to do with a native token, not with an erc-20 one ..
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May 30, 2019, 05:19:48 PM
 #28

Read the top of this thread... The project looks useless. Sorry but IMO it is

Anyway, guys have presented minimum viable products and keep working on full versions of them. Haven't seen any project that was trying to build a full ecosystem yet. Seems like the idea is to make the token a gas unit to render internal services.    

it would be better to do with a native token, not with an erc-20 one ..

The largest exchange, Binance, has just recently gone through a swap from erc-20 BNB token to their native coin. It will be feasible a bit later for a start-up, you know. 
roks2019
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May 31, 2019, 07:27:07 AM
 #29

How will your exchange platform solve the problem of volume and liquidity? This is very important in exchange.

We are currently negotiating with a few cryptocurrency and fiat liquidity providers who render this kind of services in the cryptocurrency market. This is a necessary step to be taken for a new exchange platform. It will take a considerable amount of time in order to accumulate significant liquidity reserves to meet in the future large traders' needs.

What's so important about liquidity anyway? As long as there is volume and a lot are trading done within that specific exchange then its easy to say that it will be part of the top 10 exchanges. Just like Binance, they have very good volume.
Bluechipz83
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May 31, 2019, 08:42:58 AM
 #30

How will your exchange platform solve the problem of volume and liquidity? This is very important in exchange.

We are currently negotiating with a few cryptocurrency and fiat liquidity providers who render this kind of services in the cryptocurrency market. This is a necessary step to be taken for a new exchange platform. It will take a considerable amount of time in order to accumulate significant liquidity reserves to meet in the future large traders' needs.

What's so important about liquidity anyway? As long as there is volume and a lot are trading done within that specific exchange then its easy to say that it will be part of the top 10 exchanges. Just like Binance, they have very good volume.


Better read more about the definition of liquidity mate so you will know how important it is. Liquidity is described as how quickly a product or asset can be quickly bought or sold in the market without affecting the asset's price. Liquidity is defined as the ability of an asset to be converted into cash, on demand, without any difficulty.
ArthurBitHunter
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May 31, 2019, 09:14:08 AM
 #31

Hey. Your project looks very useful . Do you plan bounty company or airdrop ? I would like to be a part of your project and promote it .

miner32342
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May 31, 2019, 10:41:15 AM
 #32

I see you are working on development of crypto wallet with SPV technology. That's awesome! But I wonder if you are going to make a wallet back-up function for the web version. That really concerns me as a few days ago I lost an access to my Ledger Nano S wallet due to a firware update trouble.
Hardware wallets gained a poor reputation from my side after such an issue happened.  

We are feeling sorry for this!

PointPay is going to integrate simplified payment verification technology for mobile and desktop devices in the future.

🏦 PointPay 🏦 - Welcome to the future of the BLOCKCHAIN-BASED BANKING
█  ROUND 1 LIVE
ANN    Whitepaper    Ecosystem    Medium    Twitter    Telegram    Facebook
rohn
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May 31, 2019, 10:54:33 AM
 #33

Hey. Your project looks very useful . Do you plan bounty company or airdrop ? I would like to be a part of your project and promote it .

The same question! Very interesting project. Wanna join your bounty!
MarcusA
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May 31, 2019, 02:41:42 PM
 #34

How will your exchange platform solve the problem of volume and liquidity? This is very important in exchange.

We are currently negotiating with a few cryptocurrency and fiat liquidity providers who render this kind of services in the cryptocurrency market. This is a necessary step to be taken for a new exchange platform. It will take a considerable amount of time in order to accumulate significant liquidity reserves to meet in the future large traders' needs.

What's so important about liquidity anyway? As long as there is volume and a lot are trading done within that specific exchange then its easy to say that it will be part of the top 10 exchanges. Just like Binance, they have very good volume.


Better read more about the definition of liquidity mate so you will know how important it is. Liquidity is described as how quickly a product or asset can be quickly bought or sold in the market without affecting the asset's price. Liquidity is defined as the ability of an asset to be converted into cash, on demand, without any difficulty.

Don't think your answer is perfectly correct especially concerning the crypto market that is more about converting crypto to crypto rather than crypto to fiat.
A lot of jurisdictions banned cryptocurrencies so that it's illegal to conduct financial transactions with them. Is bitcoin a liquid asset? Yes, it is. But only when it is converted to another crypto. Once you try to convert bitcoin into cash (US dollar, for instance), you will encounter a lot of troubles and will likely go to the localbitcoins platform that permits offline exchanges without participation of banks that will be interested in the source of funds in your account.

Think it over both, folks.
miner32342
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May 31, 2019, 03:35:02 PM
 #35

Hey. Your project looks very useful . Do you plan bounty company or airdrop ? I would like to be a part of your project and promote it .

Hope to launch the PointPay Bounty Progtam next week. We will let you know. Stay tuned to the news.

🏦 PointPay 🏦 - Welcome to the future of the BLOCKCHAIN-BASED BANKING
█  ROUND 1 LIVE
ANN    Whitepaper    Ecosystem    Medium    Twitter    Telegram    Facebook
MarcusA
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June 01, 2019, 08:01:09 AM
 #36

Hey. Your project looks very useful . Do you plan bounty company or airdrop ? I would like to be a part of your project and promote it .

Is bounty as a phenomenon still alive? I thought it had gone away after ICO market crash in 2018. Hmm?
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June 01, 2019, 08:09:16 AM
 #37

Daily crypto back to PXP holders
Is your goal as I wrote bold above an incentive for token holders, and how much you offer to users of PXP holders, what type of crypto will you give.

miner32342
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June 01, 2019, 08:37:24 AM
 #38

Daily crypto back to PXP holders
Is your goal as I wrote bold above an incentive for token holders, and how much you offer to users of PXP holders, what type of crypto will you give.

Hello!

Crypto back will be implemented on the PointPay Crypto Exchange platform by providing PXP token holders stacking-based profit sharing model of paying dividends. This is based on the proportional system: the more tokens the user has, the more percentage he will get from the system fee (how much exactly it will be - is still a matter of discussion).

The algorithm will take a snapshot of users' accounts and calculate their income. The goal of this is to make a store of value from the PXP token.

As for the type of crypto - we are thinking over it and going to choose one of the most liquid asset (BTC or USDT).     

🏦 PointPay 🏦 - Welcome to the future of the BLOCKCHAIN-BASED BANKING
█  ROUND 1 LIVE
ANN    Whitepaper    Ecosystem    Medium    Twitter    Telegram    Facebook
roks2019
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June 01, 2019, 03:12:49 PM
 #39

How will your exchange platform solve the problem of volume and liquidity? This is very important in exchange.

We are currently negotiating with a few cryptocurrency and fiat liquidity providers who render this kind of services in the cryptocurrency market. This is a necessary step to be taken for a new exchange platform. It will take a considerable amount of time in order to accumulate significant liquidity reserves to meet in the future large traders' needs.

What's so important about liquidity anyway? As long as there is volume and a lot are trading done within that specific exchange then its easy to say that it will be part of the top 10 exchanges. Just like Binance, they have very good volume.


Better read more about the definition of liquidity mate so you will know how important it is. Liquidity is described as how quickly a product or asset can be quickly bought or sold in the market without affecting the asset's price. Liquidity is defined as the ability of an asset to be converted into cash, on demand, without any difficulty.

Don't think your answer is perfectly correct especially concerning the crypto market that is more about converting crypto to crypto rather than crypto to fiat.
A lot of jurisdictions banned cryptocurrencies so that it's illegal to conduct financial transactions with them. Is bitcoin a liquid asset? Yes, it is. But only when it is converted to another crypto. Once you try to convert bitcoin into cash (US dollar, for instance), you will encounter a lot of troubles and will likely go to the localbitcoins platform that permits offline exchanges without participation of banks that will be interested in the source of funds in your account.

Think it over both, folks.

So which is it? Can you be more direct, Is liquidity important in an exchange? and how can it help a crypto exchange?
MarcusA
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June 02, 2019, 07:02:49 AM
 #40

How will your exchange platform solve the problem of volume and liquidity? This is very important in exchange.

We are currently negotiating with a few cryptocurrency and fiat liquidity providers who render this kind of services in the cryptocurrency market. This is a necessary step to be taken for a new exchange platform. It will take a considerable amount of time in order to accumulate significant liquidity reserves to meet in the future large traders' needs.

What's so important about liquidity anyway? As long as there is volume and a lot are trading done within that specific exchange then its easy to say that it will be part of the top 10 exchanges. Just like Binance, they have very good volume.


Better read more about the definition of liquidity mate so you will know how important it is. Liquidity is described as how quickly a product or asset can be quickly bought or sold in the market without affecting the asset's price. Liquidity is defined as the ability of an asset to be converted into cash, on demand, without any difficulty.

Don't think your answer is perfectly correct especially concerning the crypto market that is more about converting crypto to crypto rather than crypto to fiat.
A lot of jurisdictions banned cryptocurrencies so that it's illegal to conduct financial transactions with them. Is bitcoin a liquid asset? Yes, it is. But only when it is converted to another crypto. Once you try to convert bitcoin into cash (US dollar, for instance), you will encounter a lot of troubles and will likely go to the localbitcoins platform that permits offline exchanges without participation of banks that will be interested in the source of funds in your account.

Think it over both, folks.

So which is it? Can you be more direct, Is liquidity important in an exchange? and how can it help a crypto exchange?

I don't think I have a strong desire to explain basic things to you. Just open wiki sources and go in for reading. Good luck!
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