Announcing Fyfy - Decentralized crypto payment ecosystem

[jc12345]

Hey there, I am quite new to crypto world and don’t understand many things. What is this DAO? Can you please tell me.

In essence, a Decentralized Autonomous Organization (DAO) is when an organization's governance is not centralized but decentralized and executed automatically. This means the rules of governing the organization is programmed into a computer or in the case of DAO in a crypto context, the blockchain, and decisions are automatically executed based on the rules. Depending on how many tokens a holder has when there is a vote for a proposal affecting the organization, the holder's vote counts in relation to his or her holdings. Based on the outcome of the vote the decision will be automatically executed based on the execution rules coded in the contract. Since holders are decentralized, and the rules affecting the organization are executed automatically, it is called DAO.

[Fyfy]

Hey there, I am quite new to crypto world and don’t understand many things. What is this DAO? Can you please tell me.

6.   DAO is a decentralized autonomous organization. DAO ensures that decisions for the ecosystem developments are governed by proposals and voting. Currently, Fyfy operates as an individual organization but aims to become a registered non-profit association as soon as possible.

[Denbole9]

Crypto have the special feature that users can transact any amount of money even it’s a fraction of dollar. And we need this feature for many of our purposes specially when we only need micro payment. To whom or what Fyfy is for?

[Fyfy]

Crypto have the special feature that users can transact any amount of money even it’s a fraction of dollar. And we need this feature for many of our purposes specially when we only need micro payment. To whom or what Fyfy is for?

Fyfy ecosystem is primarily for e-commerce businesses and customers who use online shops to purchase goods or services. Fyfy suits those who seek a solution for secure and instant transactions with low fees.

[Oberhaus]

The transaction fees incurred become a significant part of the total transaction value and are therefore uneconomical. Another important aspect is that micropayments refer only to digital transactions of intangible goods, since the monetary amount is so minuscule. Any additional processing and shipping costs could mean a hundred times more of the original transaction value, making it completely irrelevant. 

[Fyfy]

Hurry!
Only 36 days to go!

[Embelen]

Micropayments on the blockchain can be revolutionary in two ways. The first is that donation recipients can easily set up accounts to receive funds, which will allow donations to be made directly to them, reducing all intermediary and administrative fees.

[Derwin2]

Micropayments on the blockchain can be revolutionary in two ways. The first is that donation recipients can easily set up accounts to receive funds, which will allow donations to be made directly to them, reducing all intermediary and administrative fees.

Fraudsters can also easily set up fake accounts to lure donors. Ratings and audits will be required, similar to current online services that rate charities based on multiple criteria (e.g. Charity Navigator, Smart Giving, Nonprofit Council, etc.) to ensure and provide better visibility for donors .

[langsdorf]

The new hyped is NFT and it can be easily said that there will be a use market of it . What is your thinking about this do you also work on this?

[Fyfy]

The new hyped is NFT and it can be easily said that there will be a use market of it . What is your thinking about this do you also work on this?

In the near future, FYFY launches its own NFT platform which will allow users to buy and sell their digital valuables such as videos, game characters, pictures, music, and other items that can be stored in a digital form.

[Hornburg]

The new hyped is NFT and it can be easily said that there will be a use market of it . What is your thinking about this do you also work on this?

In the near future, FYFY launches its own NFT platform which will allow users to buy and sell their digital valuables such as videos, game characters, pictures, music, and other items that can be stored in a digital form.

Non-fungible tokens are making big money for digital creators. There are tons of artworks for sale online every day. It is even possible for creators to earn millions of dollars in seconds when their NFTs are sold in the digital space. It can also be seen that people are more keen to buy, sell and invest in the digital market rather than doing the same in the physical market