[ANN] PayPie - Blockchain-Powered Risk Assessment - page 83.

ParRus

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Quote from: wonderfullife on October 06, 2017, 11:43:14 AM

As Paypie solves the business accounting fraud problems, state should have no trouble adopting the blockchain principle.

I think you are right in terms of legislation - the project is useful and has a good purpose.
Accounting system requires improvement, and PAYPIE this can give

Rigorous

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Quote from: Wapinter on October 05, 2017, 05:38:07 PM

PayPie will accept contributions from residents of most countries, including USA and Canada. Our legal team is of the view that our tokens do not meet the definition of “securities” under Canadian law. Our ongoing discussions with Canadian regulators have been very positive and we will continue to work with the regulators leading up to the token crowdsale and on an ongoing basis.

How can Canadian lawyers and regulators give any legal advice, let alone legal permission, regarding law outside their jurisdiction, in this case the USA? Even the SEC itself doesn't completely know what to do with ICOs.

https://www.coindesk.com/every-token-snowflake-secs-ico-guidance-isnt-enough/

sonulrk

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Quote from: mrdenis on October 05, 2017, 12:18:05 PM

Quote from: Islapdonkey on October 05, 2017, 08:23:34 AM

Quote from: mrdenis on October 05, 2017, 08:12:42 AM

Quote from: Islapdonkey on October 05, 2017, 08:10:41 AM

Quote from: magisterr on October 05, 2017, 08:03:03 AM

Quote from: Mistafreeze on October 05, 2017, 07:13:55 AM

Okay so they have now announced presale on 8/10 good decision.I am sure will be sold out.Lets see if I can make it

Oh... I missed announse.
Any more details? Which bonuses, price, min contribution etc?

You can either go to page 157 or click this link https://bitcointalk.org/index.php?topic=2061671.3120 All the info is listed by the 2nd poster on that page

No whitelisting, no kyc/aml and US residents can participate? Well that is strange...

Actually, it's not strange. what you have is an ICO done right. No favors to rich, everyone can fairly acquire a piece of the pie. (pun intended) As for the US Citizens, everyone knows that if you don't offer a product that pays dividend and you not involved in anything shady, thus having a reason to hide, then there is no reason to exclude your ICO from united state citizens. so offering it to U.S citizens should be an extra proof that you dealing with a reliable company that is willing to endure the scrutinizing from SEC and such.

Yeah but it clearly states - Our legal team is of the view that our tokens do not meet the definition of “securities” under Canadian law. So that is their (team) view, not SEC view. US law is not even mentioned... Don't get me wrong I like this project and I will try to contribute in their first presale but I think that they could have problems with SEC in the future. As far as I know dividends are just one thing that leads to product meeting securities definition, there are many other conditions... I will really check into this because I am currently working with ICO team and our legal department said that there is no way we can make ICO without KYC/AML registration... I will post their response.

Whatever you assume your coin is but SEC is against every ICO without giving them their share of power and money. They are independent to declare any thing security and/or commodity. So if this coin is going to be sell in USA it must have to be compliance with KYC/AML etc. else it may be a problem for the developers and team in future.

kraterion

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🚀🚀 ATHERO.IO 🚀🚀

Quote from: Elkmar on October 06, 2017, 11:47:47 AM

Quote from: Heimer on October 06, 2017, 10:53:22 AM

Quote from: Elkmar on October 06, 2017, 10:34:57 AM

Quote from: sockpuppet1911 on October 06, 2017, 10:12:10 AM

Quote from: Heimer on October 06, 2017, 09:11:36 AM

Quote from: mike0182 on October 06, 2017, 09:04:18 AM

Quote from: Sozialtourist on October 06, 2017, 08:45:26 AM

I hope the team will make an announcement about the recommended gas limit and gas price regarding the current situation on the Ethereum blockchain.

I think there will be a standard price and a gas limit like at all other ISO it's 50 gwei and gas limit 200000..

Paypie ICO could clog whole ETH blockchain, I'm not joking. If you want to be sure that your investment won't be delayed put 50 gwei and gas limit at 300,000 Cool

How many transactions are you predicting? Because there's already lots of them and it's not clogged. It would have to be insane amount, but then again they are probably happening within same minute

Haha, the ethereum blockchain will not be clogged just because of this ICO. Some ICO's had tremenduous amount of participants and did not clog the network.

I wouldn't be so sure about this my friend. There are many people who wants to invests in this ICO Grin

It's sure, but the craziness about ICOs is quite gone, more over there is the fork of November to take in to account, we far from ICOs like Bancor Grin

It's not like that craziness is gone, Filecoin raised $200 million in like one hour Cheesy

. The thing is, some countries are regulating or banning icos and it's not so easy to reach bancor, status, tezos, filecoin amounts anymore

Elkmar

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Activity: 294

Merit: 100

Quote from: Heimer on October 06, 2017, 10:53:22 AM

Quote from: Elkmar on October 06, 2017, 10:34:57 AM

Quote from: sockpuppet1911 on October 06, 2017, 10:12:10 AM

Quote from: Heimer on October 06, 2017, 09:11:36 AM

Quote from: mike0182 on October 06, 2017, 09:04:18 AM

Quote from: Sozialtourist on October 06, 2017, 08:45:26 AM

I hope the team will make an announcement about the recommended gas limit and gas price regarding the current situation on the Ethereum blockchain.

I think there will be a standard price and a gas limit like at all other ISO it's 50 gwei and gas limit 200000..

Paypie ICO could clog whole ETH blockchain, I'm not joking. If you want to be sure that your investment won't be delayed put 50 gwei and gas limit at 300,000 Cool

How many transactions are you predicting? Because there's already lots of them and it's not clogged. It would have to be insane amount, but then again they are probably happening within same minute

Haha, the ethereum blockchain will not be clogged just because of this ICO. Some ICO's had tremenduous amount of participants and did not clog the network.

I wouldn't be so sure about this my friend. There are many people who wants to invests in this ICO Grin

It's sure, but the craziness about ICOs is quite gone, more over there is the fork of November to take in to account, we far from ICOs like Bancor Grin

wonderfullife

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Activity: 168

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As Paypie solves the business accounting fraud problems, state should have no trouble adopting the blockchain principle.

chaoscoinz

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Merit: 260

☆Gaget-Pack☆

Quote from: Sozialtourist on October 06, 2017, 05:54:22 AM

Quote from: FIEX on October 06, 2017, 05:38:19 AM

Quote from: levyashin on October 06, 2017, 05:01:38 AM

Quote from: Jay2408 on October 06, 2017, 03:27:58 AM

Quote from: the_donald on October 06, 2017, 03:16:54 AM

Quote from: bitsurfer2014 on October 06, 2017, 12:08:37 AM

Quote from: belechau on October 05, 2017, 08:48:17 PM

Unfortunately, American legislation currently hinders such participation, with statements by cryptomaniac holders. But on the other hand the visibility gained by Paypie will bring investors from all over the world

Surely it will bring investors around the world because PAYPIE is doing a good job in its marketing campaign which results to its community getting bigger by the day

It does seem like the team has done a good job on marketing this project. I'm always a little worried that investors from the US aren't allowed to participate, but maybe they'll use VPN to get around restrictions.

Did I miss some news? Yesterday's announcement said that US citizens are allowed to participate. Does s.th. changed?

No, us citizens are allowed to participate, the announcement still current.

But the person you have posted is too lazy to read posts. So he is not aware of it.

This will be great for the ICO to let US citizens invest in this ICO.
The more people can join this the better it will be for the presale and crowdsale.

Cant wait to see this project go!
Almost sunday Wink

Yes, great news that their legal team found no reason to block investors from the US and Canada. This will give the ICO a wider audience of potential supporters.

This my friend is excellent news! this means that this startup is making an honest attempt to conduct business legitly. The regulations within the U.S are plentiful, and as far as crypto tokens are concerned, there is a wide grey area that exists. It's like the wild west here sometimes. I think more startups should take this approach.

Heimer

sr. member

Activity: 518

Merit: 250

Quote from: Elkmar on October 06, 2017, 10:34:57 AM

Quote from: sockpuppet1911 on October 06, 2017, 10:12:10 AM

Quote from: Heimer on October 06, 2017, 09:11:36 AM

Quote from: mike0182 on October 06, 2017, 09:04:18 AM

Quote from: Sozialtourist on October 06, 2017, 08:45:26 AM

I hope the team will make an announcement about the recommended gas limit and gas price regarding the current situation on the Ethereum blockchain.

I think there will be a standard price and a gas limit like at all other ISO it's 50 gwei and gas limit 200000..

Paypie ICO could clog whole ETH blockchain, I'm not joking. If you want to be sure that your investment won't be delayed put 50 gwei and gas limit at 300,000 Cool

How many transactions are you predicting? Because there's already lots of them and it's not clogged. It would have to be insane amount, but then again they are probably happening within same minute

Haha, the ethereum blockchain will not be clogged just because of this ICO. Some ICO's had tremenduous amount of participants and did not clog the network.

I wouldn't be so sure about this my friend. There are many people who wants to invests in this ICO Grin

Elkmar

full member

Activity: 294

Merit: 100

Quote from: sockpuppet1911 on October 06, 2017, 10:12:10 AM

Quote from: Heimer on October 06, 2017, 09:11:36 AM

Quote from: mike0182 on October 06, 2017, 09:04:18 AM

Quote from: Sozialtourist on October 06, 2017, 08:45:26 AM

I hope the team will make an announcement about the recommended gas limit and gas price regarding the current situation on the Ethereum blockchain.

I think there will be a standard price and a gas limit like at all other ISO it's 50 gwei and gas limit 200000..

Paypie ICO could clog whole ETH blockchain, I'm not joking. If you want to be sure that your investment won't be delayed put 50 gwei and gas limit at 300,000 Cool

How many transactions are you predicting? Because there's already lots of them and it's not clogged. It would have to be insane amount, but then again they are probably happening within same minute

Haha, the ethereum blockchain will not be clogged just because of this ICO. Some ICO's had tremenduous amount of participants and did not clog the network.

sockpuppet1911

sr. member

Activity: 994

Merit: 278

Quote from: Heimer on October 06, 2017, 09:11:36 AM

Quote from: mike0182 on October 06, 2017, 09:04:18 AM

Quote from: Sozialtourist on October 06, 2017, 08:45:26 AM

I hope the team will make an announcement about the recommended gas limit and gas price regarding the current situation on the Ethereum blockchain.

I think there will be a standard price and a gas limit like at all other ISO it's 50 gwei and gas limit 200000..

Paypie ICO could clog whole ETH blockchain, I'm not joking. If you want to be sure that your investment won't be delayed put 50 gwei and gas limit at 300,000 Cool

How many transactions are you predicting? Because there's already lots of them and it's not clogged. It would have to be insane amount, but then again they are probably happening within same minute

anujjain

sr. member

Activity: 434

Merit: 250

Quote from: magisterr on October 06, 2017, 08:07:14 AM

I just read on some site, that they completed work by platform by 50%. So, they already working by product? Any demo-version now?

It's good thing, but 50% completion is nothing, platform take time in end when they do alpha and beta testing.

Heimer

sr. member

Activity: 518

Merit: 250

Quote from: mike0182 on October 06, 2017, 09:04:18 AM

Quote from: Sozialtourist on October 06, 2017, 08:45:26 AM

I hope the team will make an announcement about the recommended gas limit and gas price regarding the current situation on the Ethereum blockchain.

I think there will be a standard price and a gas limit like at all other ISO it's 50 gwei and gas limit 200000..

Paypie ICO could clog whole ETH blockchain, I'm not joking. If you want to be sure that your investment won't be delayed put 50 gwei and gas limit at 300,000 Cool

mike0182

full member

Activity: 420

Merit: 136

Quote from: Sozialtourist on October 06, 2017, 08:45:26 AM

I hope the team will make an announcement about the recommended gas limit and gas price regarding the current situation on the Ethereum blockchain.

I think there will be a standard price and a gas limit like at all other ISO it's 50 gwei and gas limit 200000..

Voltaje

sr. member

Activity: 350

Merit: 250

Quote from: explorn on October 06, 2017, 08:50:00 AM

Will tokens/coins be tradeable later?

Do we know initial price?

What do you think guys will be price of this tokens later?

Every ICO have their own token on exchanges at some point, if not, nobody would invest, the prices and supply of tokens is in the ANN, 1 PPP = 0.0011 ETH , for this particular project, I could say a price at about 3$ to 5 $ per token before the project is online, after that, it could go more, but I cant have an estimate.

Jay2408

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Activity: 518

Merit: 101

🚀🚀 ATHERO.IO 🚀🚀

Quote from: Sozialtourist on October 06, 2017, 08:45:26 AM

Quote from: viljy on October 06, 2017, 08:12:13 AM

Quote from: lvsca on October 06, 2017, 07:24:11 AM

Quote from: rally on October 06, 2017, 12:15:37 AM

Quote from: toolucky98 on October 05, 2017, 11:09:34 PM

Quote from: rally on October 05, 2017, 10:51:42 PM

Quote from: lvsca on October 05, 2017, 10:46:01 PM

Quote from: toolucky98 on October 05, 2017, 06:57:56 PM

Quote from: rickoshea on October 05, 2017, 05:42:13 PM

Hi Guys,

To get involved in the PayPie pre-ICO, do you need to register? or do you just sent ETH from MyEthWallet to the PayPie address when it goes live on Sunday?

Thanks in advance

Rick

Yes it would be like that (send ETH to paypie contract address).

And for dev, i want to know , the minimum is 0.5 ETH or 1 ETH?

minimum contribution is 0.5 ETH, remember to set gas limit 200000

what is better to put the price of gas? can the gas limit be made higher than 200,000?

If you set it less than recommended limit, your transaction may fail.
And yes it can be set higher than 200000

and what do you recommend about the price of gas? default 21 or 50 or even 60 for gwei?

i recommended you to use default gas 21 gwei and don't take more limit, only 200,000 but not less than it.

21 it will probably not be enough. etherdelta in recent days has greatly increased transactions on the network. Even gas there is now 8 by default. There put already and on 60 differently transaction can last hours or not to pass at all.
So participation in this ICO is probably worth it not to save on gas?

I hope the team will make an announcement about the recommended gas limit and gas price regarding the current situation on the Ethereum blockchain.

Yesterday, Yohan said in telegram that the recommended gas limit will be disclosed soon.

explorn

newbie

Activity: 3

Merit: 0

Will tokens/coins be tradeable later?

Do we know initial price?

What do you think guys will be price of this tokens later?

Sozialtourist

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Activity: 686