Topic: [ANN] PayPie - Blockchain-Powered Risk Assessment - page 218. (Read 109500 times)

Ye dummies version is definitely needed for this project.

And the very reason why I might not invest in this project is, because I don't fully understand it. I sense that there is profit to be made, in the long run, but I forbid myself  to invest in business I dont understand.

I am thrilled to see a company that is addressing an industry which is ripe for disruption: accounting.

PAYPIE offers the first accounting platform on the blockchain!

Its true that paypie offer us a great opportunity. Its the first accounting and risk analysis project build with blockchain. Its really innovative and constitue a real chance for an investors. The market application of paypie are very huge and different.
The pre sale is soon and we will have a lot of information about it, im impatient to see the minimum and the maximum cap. It Think a lot of people want to Join paypie, the pre sale will be a sucess and ico too !

There is written : Token Crowdsale Opens on Oct 15, 2017

But no information about the presale, or is it the date of the presale ?

Of course, it is imperative for every investor to know what kind of business they would be investing in and since PAYPIE offers the first accounting platform on the blockchain, investors would eventually realize an opportunity in it.

I also think it is important to understand the projects in which you invest at all. Otherwise you are not able to estimate the value of it for yourself and you can just follow others which could lead into a bad direction.

Well studying this Threat is also a good help to understand more of the project.

The whitepaper might be a bit complex but It sure contains all the details about PayPie's  accounting platform. So It's definitely worth the read. The Paypie team will soon launch their blog where information on the whitepaper will be explained in ELI5.

Thanks for a Quick response. This is a part sometimes overseen. Threads are created but to little interaction from the team, this doesnt seem to be the case here. Will give the whitepaper a try although a few persons states it is not an easy read.

Yes, PayPie is not building an accounting software but an accounting platform that exposes to the many benefits of blockchain to the SMEs. It's a mix of accounting software and credit scoring companies....you can think this way because we use the blockchain to solve their cashflow problem.

First off, PayPie will build direct integrations that fetches "Journal Entry" data, the basic DNA of business finances. Once an SME would like to access marketplace, they will do a quick setup in their preferred accounting system and data will be automatically fetched into PayPie and will be hashed on the blockchain. The concept of Single Ledger is a step further because paypie will be able to better manage the element of verification at the source of the data.
PayPie will have some KYC process in place to ensure SMEs are legit.

Yes, the whitepaper is quite technical but for me the video on the website helped and there is this thread. Just ask your questions here, that's what it is for. You should know the project you are investing in. And an other thing you could do is to join their slack channel. Maybe they can answer your questions there.

This is very good answers, and I was already aware of the accounting platform, but not the credit scoring, I thought they had an algorithm to give credit risk predictions, but it appears that it will be integrated fully in the platform, together with a complex ledger to act upon it, so that scoring algorithm is just one part of the product the project is offering to the market, this is getting good by the day .

Hello, Details about the presale (date, Min cap etc) are yet to be finalized. Once It is finalised, The information will be shared here.

In the meantime, You should subscribe to the PayPie Newsletter on the website: https://paypie.com or Join the Slack Channel: https://paypie.herokuapp.com/

I still think that it is important as an investor to understand what you're investing in. They are working on explaining things in the whitepaper in simpler language.

On the slack, a similar questions were asked and got these responses which were quite insightful.
"Initially we will be attracting established companies to the marketplace by enabling east and fast lending process from anywhere, anytime. Current process with banks is cumbersome, time consuming and very expensive and can eat up to 25-30% of the invoice value in agreement cost, interest and fees. This exposes them to the benefits of blockchain accounting and create wider awareness among them. We already have and will build more relationship with organized groups like accounting and bookkeeping firms who usually advise businesses on what platform to use. The benefits like ending duplicate data entry, automated reconciliation and automatic audits are some of the huge benefits that are simply too hard to ignore because they impact your profits."

"Only if person is self employed like a contractor or web developer. We will be able to build a risk score based their income, expenses  and other historical data."

They are actually targeting the big players and offering a lot of incentives to use the paypie platform
"Yes, we are not building an accounting software but an accounting platform that exposes to the many benefits of blockchain to the SMEs. It's a mix of accounting software and credit scoring companies....you can think this way because we use the blockchain to solve their cashflow problem."

you should join the slack to communicate directly with members of the team. https://paypie.herokuapp.com/

I think a lot of people will invest in this project not knowing all the detailed about the platform. Are you planing to use it to help you with your accounting or just for a chance to gain  some profit?
I think most of us are here because we see the potential in earning an extra buck. Thats how investments work.

On first page you have FAQ where it is more clear than in whitepaper, but If I can advice I would say that something like ELI5 use case would help to attract more people.

When is the presale due and will it be min capped? thanks

of course bonus will be there or, as an investor, why would I join pre sale if I can buy same amount of tokens with the same amount of ether in ICO ?

I think there will be a bonus. Or they should really lower the price comparing to the ICO price .
Really hope this will be a succes. Good luck devs!