is ICO or pre-ICO price announce?
What you mean?
Token Crowdsale Opens on Oct 15, 2017
But now, you can subscribe to early pre-sale
Topic: [ANN] PayPie - Blockchain-Powered Risk Assessment - page 219. (Read 109500 times)
What you mean?
Token Crowdsale Opens on Oct 15, 2017
But now, you can subscribe to early pre-sale
good luck 
So is this truly decentralized? Everybody in the world can get a credit according to their score, or is it focusing on a specific land? Indeed an interesting project!
This is the point I keep bringing up. It will facilitate a lending offer to occur btw business in different parts of the world cos their liquidity and liabilities can easily be verified on the blockchain.
is ICO or pre-ICO price announce?
Price per token: 1 PPP = 0.0011 ETH But things like discounts or bonuses have not been announced yet.
Probably there will be some bonuses at presale stage and first weeks (or days) of main ICO stage as usual. Just be patient and wait for official announcements and news
According to the Ann that's on the first page. Total Token Pool Size Including Reserve: 165,000,000 PPP
Hello dev team, this is really promising IMHO and will consider an allocation as I learn more about the project and possible valuation. Is this product intended to compete with the oligopoly of S&P, Fitch, and Moodys for credit rating services? Or are you primarily targeting smaller businesses that are outside of the purview of the large rating services? It seems to me to be the latter. Either way there should be room for growth.
Also how are companies incentivized to add their companies financials to the platform? Do they receive tokens in exchange for providing their data? Finally, is there a similar credit score rating contemplated for individuals? What I mean is are you proposing a score that would compete with FICO for rating consumers? If so, this could have promise as well.
Also how are companies incentivized to add their companies financials to the platform? Do they receive tokens in exchange for providing their data? Finally, is there a similar credit score rating contemplated for individuals? What I mean is are you proposing a score that would compete with FICO for rating consumers? If so, this could have promise as well.
I really tried to understand your whitepaper, but I didn't get it 
I am not so familiar with this risk stuff, but if you want to make a good ICO, maybe you should make a little section or video for dummies, like me.
Wish you all the best.
I am not so familiar with this risk stuff, but if you want to make a good ICO, maybe you should make a little section or video for dummies, like me.
Wish you all the best.
Yes unfortunatelly whitepaper of paypie is very technical. I am an accountant even i hardly understand it. Lots of user (me neither) asked for a eaiser, less technical whitepaper or something but to this time they didn't act on it. But it doesn't mean that they won't do it. Just continue to watch project, there is too much time for ico. Maybe they post something for average joe
@Team yo also have a German Thread and Whitepaper?
Yes, they have ANN thread in German.But no German whitepaper!
https://bitcointalksearch.org/topic/ann-ico-paypie-weltweit-erste-buchhaltungs-plattform-auf-blockchainbasis-2127789
I really tried to understand your whitepaper, but I didn't get it
I am not so familiar with this risk stuff, but if you want to make a good ICO, maybe you should make a little section or video for dummies, like me.
Wish you all the best.
I am not so familiar with this risk stuff, but if you want to make a good ICO, maybe you should make a little section or video for dummies, like me.
Wish you all the best.
is ICO or pre-ICO price announce?
Price per token: 1 PPP = 0.0011 ETH But things like discounts or bonuses have not been announced yet.
Probably there will be some bonuses at presale stage and first weeks (or days) of main ICO stage as usual. Just be patient and wait for official announcements and news
Yes, it would be weird to have a presale without any bonus. Even some big projects which tried to so finally changed their minds and put a bonus on the presale.
Still trying to get a full understanding of your project.
In your whitepaper you stated:
"PayPie pool will buy that invoice from you at a discount & then wait for Nike to pay the original sum to the pool. This allows you to make payroll, purchase new materials, hire new people & grow faster."
In other words the PayPie pool will just buy something like 'certificate of indebtedness' just on a level before. How much will the discount be to buy this? And will there be a variable of percentage for the discount, up to what rating the company has on the platform?
In your whitepaper you stated:
"PayPie pool will buy that invoice from you at a discount & then wait for Nike to pay the original sum to the pool. This allows you to make payroll, purchase new materials, hire new people & grow faster."
In other words the PayPie pool will just buy something like 'certificate of indebtedness' just on a level before. How much will the discount be to buy this? And will there be a variable of percentage for the discount, up to what rating the company has on the platform?
I already asked this question as well, but no answer so far. Would be good to know as this is one way to use your PPP token and make profit.
I asked a member of the team and got this response.
"We will just provide credit risk score along with history. Discount rate will be decided by the token holders based on the investment opportunity they find to match their trading style."
So, it'll be a market for invoice financing. Discount rates will be variable and negotiable, IMO.
As I can understand you have a market place, where everyone who holds PPP tokens can participate and can buy invoice financings. Is it then like an "auction" or something? Where someone can put an invoice on the marketplace and some people can make discount offers, so that the seller is able to decide which offer he want to take?
Would love to hear an answer from one of the devs
is ICO or pre-ICO price announce?
Price per token: 1 PPP = 0.0011 ETH But things like discounts or bonuses have not been announced yet.
Probably there will be some bonuses at presale stage and first weeks (or days) of main ICO stage as usual. Just be patient and wait for official announcements and news
According to the Ann that's on the first page. Total Token Pool Size Including Reserve: 165,000,000 PPP
is ICO or pre-ICO price announce?
Price per token: 1 PPP = 0.0011 ETH But things like discounts or bonuses have not been announced yet.
Probably there will be some bonuses at presale stage and first weeks (or days) of main ICO stage as usual. Just be patient and wait for official announcements and news
is ICO or pre-ICO price announce?
Price per token: 1 PPP = 0.0011 ETH But things like discounts or bonuses have not been announced yet.
Probably there will be some bonuses at presale stage and first weeks (or days) of main ICO stage as usual. Just be patient and wait for official announcements and news
So is this truly decentralized? Everybody in the world can get a credit according to their score, or is it focusing on a specific land? Indeed an interesting project!
This is the point I keep bringing up. It will facilitate a lending offer to occur btw business in different parts of the world cos their liquidity and liabilities can easily be verified on the blockchain.
Yes but isn't that the case only for businesses that are completely based on a blockchain already? All other businesses would have to transfer their assets and liabilities onto the blockchain and get the data audited. Otherwise, why would a business from Country A trust the data of a business in country B?
I believe they will / should work with loval companies. All countries regulations are different so i don't believe it can be done from just a country. Maybe they start with European Union and work they way to other countries but even european union all countries regulations are different. So there is two methods we can discuss, open lots of branch in different countries or work with local companies. I believe in that, first they will work with local companies after that they will open branches in lots of countries.
How will this project actually get off the ground? You are targeting the SME space, but the SME space isn't actually the space that is most eager to adopt blockchain technology. If you want to provide a 100% accurate risk assessment, you need a 100% transparent picture of the company. And therefore you need 100% of all assets and liabilities being accessible for you. And therefore you need a double layer accounting system with a data feed infrastructure between the double entry and the triple entry layer. And that again is adding complexity in the first place, which many of those companies will not want. Are you actually targeting companies that are about to be newly incepted or established companies that you want to get to transfer their double entry data into triple entry accounting infrastructure?
You might actually be surprised that a lot of SME will appreciate this service. As I aforementioned, if this service becomes the norm, it will break down barriers and encourage universal lending. So a SME in South Africa might not be able to apply for a loan with a bank in Australia. Because the bank has no way to prove their credit worthiness, with Paypie, the bank can easily verify their assets and liabilities. Thus enabling a process that was priorly deemed impossible. As for does complaining about companies with shady paperwork, well Paypie is not meant for them and honestly, those shady companies shouldn't get funds that could be allocated to another company operating in an honest fashion
But that does not fully answer my question. How are you making sure that all assets and liabilities are correctly captured on the blockchain in order to reliably assess credit worthiness? Does that only work for companies that start their business more or less newly and completely on the blockchain?
Oh! I see what you mean. But I do anticipate that there will be kinks to work out in the beginning. They might enforce that liquidity/liabilities be completely verifiable but this will require governmental assistance to enforce. That's why i believe this platform will gain a stronghold in first world countries where the supplemental needs are already in place, and as other partsof the world embrace growth/ blockchain, their government might consider adopting the platform cos ultimately it helps guarantee that basic citizens and businesss are paying the required amount of tax
So is this truly decentralized? Everybody in the world can get a credit according to their score, or is it focusing on a specific land? Indeed an interesting project!
This is the point I keep bringing up. It will facilitate a lending offer to occur btw business in different parts of the world cos their liquidity and liabilities can easily be verified on the blockchain.
Yes but isn't that the case only for businesses that are completely based on a blockchain already? All other businesses would have to transfer their assets and liabilities onto the blockchain and get the data audited. Otherwise, why would a business from Country A trust the data of a business in country B?
So is this truly decentralized? Everybody in the world can get a credit according to their score, or is it focusing on a specific land? Indeed an interesting project!
This is the point I keep bringing up. It will facilitate a lending offer to occur btw business in different parts of the world cos their liquidity and liabilities can easily be verified on the blockchain.
So is this truly decentralized? Everybody in the world can get a credit according to their score, or is it focusing on a specific land? Indeed an interesting project!
This is the point I keep bringing up. It will facilitate a lending offer to occur btw business in different parts of the world cos their liquidity and liabilities can easily be verified on the blockchain.
is ICO or pre-ICO price announce?
Price per token: 1 PPP = 0.0011 ETH But things like discounts or bonuses have not been announced yet.
@Team yo also have a German Thread and Whitepaper?
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