I have been doing some research about the project which has full transparency, I have a little bit of money invested in the project. HIPS Merchant Blockchain built on Hyperledger is the native blockchain for HMP and Merchant Coin (MEO), optimized for real-time Merchant transactions created for Payment Service Providers (PSP) and EFTPOS devices with full support for backward-compatible financial protocols like ISO8583 enabling crypto payments in standard terminal messages, using the existing terminal, and card scheme infrastructures for crypto payments in Hips Merchant Blockchain.
Key Drivers and Success Factors There are a few important key drivers that will secure mass adoption of the protocol.
· Legislations: Crypto payments are still vastly unregulated. But it will, in our opinion, be naive to assume that post-mass adoption, the environment will remain static. Local regulators will likely place crypto payments in one of the payment directives, like the Electronic Fund Transfer Act in the USA or the Payment Service Directive in the EU (or similar) for consumer rights/protection. Legislations will, over time, help to push crypto initiatives that will force merchants to stay compliant with new current and new legislations.
· Lobbying: Back in 2008 more than 80,000 Web sites worldwide displayed a small green logo that proclaimed them to be "Hacker Safe." The logo was provided to them by ScanAlert.Inc a vendor that scanned the sites of its clients daily in search of security vulnerabilities. Hips will use 10% of the tokens in an ecosystem grant pool for early adopters that display the “Safe Crypto Payments” logo on their websites and implement the protocol with a small simple script provided by
http://safecryptopayments.comThe
http://safecryptopayment.com website will monitor enrolled sites daily, and check for the logo; and payout tokens from the lobbying pool based on the size of the site (traffic ranking).
· Strategic Partnerships: HIPS Payment Group
http://hips.com is the company group behind the protocol and processes to date payments for over 200,000 merchants globally. Hips core product is a payment platform for ISVs, acquirers, and payment service providers (PSPs) “customers.” Every customer of Hips represents thousands of merchants and millions of customers. Hips will use 25% of the issued tokens to secure strategic partnerships and secure adoption among its customers and partners leading PSPs in a country to Tier 1 banks. The strategic partnerships will aim to mass educate millions of consumers and merchants and make it seamless to implement and use the HMP for merchants.
· Decentralized governance requires well-balanced incentive mechanisms that accurately model both positive and negative outcomes. In other words, the governing entities should be rewarded for good results and penalized for bad ones.
The Merchant Token is designed to facilitate this through three main utilities:
1. Staking: Grants Merchant Token revenue and inflationary rewards.
2. Trading: Token holders are incentivized to help secure mass adoption of the protocol, which will lead to the higher value of the token.
3. Governance: Grants direct representation in the HMP DAO The staking utility provides a financial incentive for participating in HMP and contributing to its revenue increase. The trading utility has a direct relation to the success of the protocol and incentivizes participants to educate the market and secure mass adoption of the protocol. Finally, the governance utility gives the participants the ultimate instrument to enact these incentives.
-The project solves a real problem, which is something I look for before investing in anything - The whitepaper of the project seems to make sense
-The project has been audited by Certik which add a little bit more credibility
-The token economics and the vesting period is long enough to prevent early investor and found to dump the coin
-The team seems knowledgeable, I have gone through their Linkedin profile and they seem to have enough experience.
-The website is well made and looks legit. I think it's a solid project with huge potential! And believe some money can be invested here, if you do want to invest be sure to use my referral link and get a bonus on the first deposit!
Check out my Twitter for future projects:
https://twitter.com/NewIcoBuzz YouTube:
https://youtu.be/PWI8mDByzt4 Merchant Token Bonus Link
https://merchanttoken.org?ref=89Y1ZEN5Y
