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How to participate in Pre-Ico Phase 1 with BTC or is it only for OPENPOS Holders?
What time does Pre-Ico start? On 20th and 23th?
Phase 1 is only for OPENPOS holders. We are grateful for our early supports to invested in us early on. The Pre-ICO will start on Tuesday 23th.
I originally posted this on Steem:
"If the OPENPOS function stays the same, I would expect that blockpay token holders will only be getting 50% of the income from the Oodoo terminals.
Since this will most likely be the biggest revenue stream for blockpay, why would someone buy blockpay vs OPENPOS? 1 OPENPOS token will earn nearly 200x the fee's that one blockpay token does (based on 500,000 OPENPOS tokens earning 50% of Oodoo fees Vs. 100,000,000 blockpays earning the other 50%). How does the blockpay token intend make up for this? There are still no details in how much the blockpay tokens will take from Oodoo, so their earnings value might even be less.
Right now it doesn't make any sense to trade OPENPOS for Blockpay."
Chris did answer that they plan to distribute profits in the same way as OPENPOS, which I think is via buy back.
Personally I think that if Blockpay is successful, it will be mostly due to use with Oodoo. Buying the OPENPOS token grants you nearly 200x (or more) the earning power from Oodoo than blockpay does. The only reason not to buy OPENPOS would be that perhaps Oodoo acceptance or utilization hasn't gone as well as planned.
Hi Lil jay let me help you with your concerns. I have to correct you but Odoo is not the biggest POS Software provider on the market. Odoo is more a niche player in terms of POS Systems. Odoo has over 60,000 Business Partners who use their software to manage their business and some business has hundreds of stores all over the country. In comparison to the big players with +200,000 Business Partners the Odoo market will be limited. We already started to talk to more POS System provider for future integration, including Shopify and more. BlockPay tokens give you the chance to participate with our global business. We want to provide more than a simple gold mine, we provide marketready blockchain tools reaching for mainstream consumer adoption.
What do you gain from buying BlockPay tokens?
By ordering BlockPay tokens you support the development and continued growth of BlockPay, Echo and Stealth.
With your help, we can expand the global digital payments network where you can earn, hold, and spend multiple digital currencies. Getting BlockPay to every grocery chain, retail, restaurant, vending machine or gas station isn’t cheap, but with your support, we can build this network together.
Holding BlockPay tokens allows you to share in the rewards from BlockPay transactions as well as value increases from products built by the Company.
If i remember it correct your company tried to get VC funding. Did you get it or do you do this ICO because you couldn't get a investment?
Your ICO is different, because your coin is not needed to use your services, so you should state clearly what investors get and what not. Legally this ICO seems like a nightmare, you are offering something for what exactly?
- no equity in your company
- no token for a network
- seems just a revenue sharing feature?
b) How will you use the funds?
thanks
We have talked with many Investors, Angels and VC over the last months and realized over time that we cannot give back as much as we want with a big VC eating up all our power to guide our ship. Inspired by the recent Blockchain ICO´s we decided to follow their success.
Yes we offer a special ICO because we also offer three very unique products and platforms. Each is unique and solves many burning pains that are still open on the market. For example a universal point of sale platform for merchants that does not cost the anything. Finally communites can use Peercoin, Dash or Litecoin to buy products in stores. Echo on the other end combines highest encryption, IPFS decentralization and the most powerful blockchains in one WeChat killer app. WeChat has over +700 million users, with 80% using the app for daily mobile p2p payments... But only CNY, no USD, no BTC, no Gold, Silver... Echo will be a universal chat platform where users can add their own curreny and exchange it with their friends in a chat window...
BlockPay and Echo are two foundational systems for the whole Blockchain industry. Since Christmas 2015 we were able to build: - | Smartcoins Wallet for Android |
- | BlockPay “S” |
- | BlockPay for Odoo |
We are now starting our Pre-ICO with “BLOCKPAY” tokens and will use the funds for the following:1. | Launch of BlockPay “S” in Google Play and BlockPay for Odoo |
2. | Additional BlockPay integrations into leading Point Of Sale systems |
3. | Development of BlockPay API |
4. | Adding more Fiat Gateways, Exchanges and Escrow Services |
5. | Development and introduction of Stealth transfers |
6. | Development and launch of ECHO for Android and iOS |
7. | Development of native iOS BlockPay “S” |
8. | Adding new features to BlockPay and ECHO |
9. | Building Digital Payment Infrastructure for the Future |