Topic: [ANN][ICO] ONEPAY - Decentralized POS Solutions on the EOS Blockchain - page 2. (Read 825 times)

Our first demo video has beed released! Check it out here: https://youtu.be/wpa3Stu_hPM

Thank you for the kind suggestion! After the ICO we will invest in marketing/branding and most importantly, legal. Until then, we will be focused on releasing product demos and getting the word out about them :]

Cool. Just saw a screenshot of the demo. Very interested to watch it when you release the video.

I might suggest investing in a less generic logo, but otherwise, looks clean. Something in a similar style to this: https://dribbble.com/michaelspitz

The dev sell wall is when we sell chucks of tokens on the open market (exchanges) to raise capital (if for instance, our ico only barely made it over the softcap and we need more funds, or for some major purchase that might come up, emergency legal fees etc).

There are 6 devs working on this project.

Sneak peak of tomorrows video!
https://imgur.com/a/JGmRJ

That's pretty much what I was looking for. To see if you guys did your due diligence.

Two things that stick out:



Not familiar with this concept in terms of a team putting a sell wall up (maybe that was a typo)?


Employed full time working on this project? How many are there of you, if you can reveal that?

Hello! We are releasing a prototype demo on saturday!

Hi guys,

I am just curious if you have working beta product or not?

Thank you for the question! We are primarily focused on our Android prototype at the moment (releasing a progress video on February 3rd, 2018).  However, our application will support IOS as well! There will also be a web portal for merchants.

What platforms are you targeting for the app? Curious to hear your developments

I'm iffy on the anonymous part but this makes total sense to me when you put it into perspective. Something is always better than nothing and if there is a working prototype, that should kind of speak for itself. I guess early investors who take the risk stand to take the most.

Really looking forward to see where this goes! 

While we see the benefit of releasing our identities, imagine the following two scenarios:

1. Before we have secured an attorney, we release our identities. It turns out that something we were doing did not comply with US securities laws or was some kind of SEC/FTC violation. We are forced to return anything we raised (be it 10 eth or 10000 eth). This leaves us at 0 Eth for all the time we spent promoting the ICO and doing marketing (we havent hired anyone for marketing, we do all of this ourselves currently). We may also face civil penalties.

2. We do not reveal our identities before the sale. We raise less eth than we would have (lets say we only raise 100 Eth). While we raised a small amount, compared to scenario one (where we raised nothing and might have been penalized by federal regulatory bodies), we are still 100 Eth ahead. This eth is enough for us to hire an attorney and purchase listing on an exchange. We can always sell tokens through a dev sell wall to raise more money. The product development wont be put on hold since we do not need to hire any developers. Not having marketing wont kill us, since releasing a working product will organically drive buyers to our ERC20 token, and will allow us to raise eth on the secondary market (aka exchanges).

In short, we've weighed the pro's and con's of releasing our identities before hiring legal help, and the cons far outweigh the pros. We dont need funds to BUILD our product, we need funds to PROMOTE it. Building apps is what the entire team is specialized in, so funding or not, it will eventually get done. Not to mention all of us are employed full time, so there are no starving developers living on hopes and dreams on our team :]

If people do not want to trust us, we don't blame them and we do not hold it against them. Just for perspective, people thought EOS was a scam when it was announced.

Thanks for the replies.

I still think you should reveal your team before the crowdsale. How often have you given money to something without actually knowing who is building it?

We will be releasing a video of the prototype at the end of this week or early the following week!

Hopefully we can see some prototypes soon.
Really excited to see this project in action.

We will be creating and supporting Magento/Shopify/Wordpress/etc plugins. The e-commerce plugins should be ready once the main App is done as they will be running through the same API.

Thank you, we are just as excited as you are!

So you guys will be building e-commerce plugins on top of the POS system? and How soon can we expect to see some sort of a prototype for these online e-commerce plugins that you mentioned?

Bounty info coming soon!

Thanks for the feedback!

The team will most likely be revealed when we finish the presale. Some funds from the presale will be used to hire an attorney on retainer (crypto-attorneys are not cheap unfortunately) who will advise us on if there are any illegalities or caveats which will get us in trouble. We will remediate anything that can be a detriment both to the company and to the team, and then release the team info.

The licensing issue: Our vision is to have both an app and a POS for merchants (the app will obviously not be able to print receipts). We wont necessarily need to license a POS to them. As for why they would use it, there are a few reasons: cost savings (our fee is 1.5% (not finalized) vs Square's 2.75% plus 30 cents, or traditional credit cards which are 3%+) as well as reduced fraud (no chargebacks). In essence, imagine a 1% revenue boost to a large chain like mcdonalds, macys, best buy, or 7-eleven who do millions in sales per day. The numbers (and savings) begin to add up quick.

We keep hearing about getting funding from block.one - we are not against the idea and we will look into it depending on how the ICO goes!

We already have the API on our internal roadmap. We will be building Magento, Shopify, and Wordpress plugins which will run off of our API ;] But making a DEX is an interesting idea, thank you!

Let us know if you have any feedback or criticism, we are always looking for new ideas.