[ANN] PointPay - new home for CeFi. Earn 30% APR on PXP in our Crypto Bank

[aversuz]

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.  

[Michail9090]

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

[mihacrypto]

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

[rippar]

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

[aversuz]

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.   

[aversuz]

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]

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]

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]

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]

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.

[rohn]

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]

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]

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.

[MarcusA]

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?

[annazaitun87]

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]

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).     

[roks2019]

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]

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!

[peterpancon]

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!

Just my two cent though, If we apply liquidity it in the crypto scape, even though you have a lot of tokens to sell but there is no liquidity or volume them you get stuck with trading your tokens and sometimes it causes the value of tokens to be stagnant or go down the drain. If liquidity is not that important, then why are exchanges that focuses on solving the liquidity problem?

[rohn]

Yes, what kind of partners do you plan to connect?