Topic: [ANN][ICO] ZTips - Decentralized Anonymous Information Exchange| - page 2. (Read 908 times)

The reason is quite bad quality of data collection in crime reporting.

If things were bad on crime reporting front, they are even worse on post-reporting stage. From reporting of a crime begins a long journey of arresting offender, prosecuting the same in the court of law and then conviction. The median rate from reporting to conviction tells a pretty abysmal story of only 20% across the world. It means that for some countries, this rate might be even in single digits.
It literally means that 90% of crimes reported don’t result in conviction. If we compare these figures with actual crimes including those that were not reported, the final figure of  conviction rate would be a very small percentage of the total volume of crimes. This presents a pretty sorry state of affairs of crime prevention-cum-resolution system across the world. This is despite the fact that billions of dollars are being spent on this every year by all countries as well as global bodies.

Broadly, it means that crime deterrent framework is seriously faulty and needs some structural innovations. The best way to initiate this lies in crime reporting system.

How the idea of creating such project appeared? What was the reason?

Yes private investor phase is on right now and you can invest.

Can us investors participate in the sale? If yes did you secure Reg-D?

As a platform, we shall deduct certain transaction fees for any tip-reward activity. This fees will become a regular source of revenue for us but it would be denominated in the native currency of the platform that is ZTPS. The regular revenue generation model will consist of two kinds of fees on Tips reported or seeked, first will be the transaction fee and second will be the commission fees. To explain in brief, transaction fee will be the standard decided percentage respectively. This fees has been decided by assuming 1 ZTPS token to be approximate equivalent of 1 cent wrt to market value.
Transaction fee will work on smart algorithm, so if the market price of token fluctuates the range of transaction fees also changes accordingly, but the ratio across whole spectrum of ranges remain same.
Commission fees on the other hand will be the fees, which will be charged according to nature of information, tags and keywords involved , this information will be processed with help of machine learning and artificial inteliigence. and then commission will be charged accordingly; For eg. If somebody have given information regarding national security to Government agency, and has not seek any reward, will not be charged for any commission fees; but on the other hand if they seek for a
reward they will be charged accordingly.

I have not really understood about this project how will this project work? I also have read what is Ztips but I have not understood all about this project does the project reward someone's report about the crime of others and this project can protect from this crime in the crypto world?

Thank you for support!
Legal tech design is quiet an upcoming research area. ZTips is at the cutting edge of legal tech design because it ensures following things:

1. It makes communication easy & rewarding because anonymity becomes the default value.
2. It connects users and clients in mutually reinforcing bond as it is rewarding for both.
3. It adds space for new ideas and products into tipping services.
4. Its focus is minimal user interface with a smooth experience so that it can be easily adopted
by Legal Organizations, Corporate Organizations and Individuals.

You make a significant contribution in Legal Tech design development. Think you'll succeed

ZTips can be a powerful aid to all governments and crime investigation agencies in combating crime. All of them can use the platform to obtain desired information by attracting tips from a larger, keener audience. ZTips holds the power to revolutionise crime reporting in a manner that has never been attempted before.

What is innovative in your service?

Will be updated on website soon.

I'd like to take a look at your github repo

We would rarher work in interaction with government but sure under the law regulation.

will you work under law regulation of a country where your platofrm will be based?

Yes, you understood it correctly.

We are considering participation in conference in Moscow

In some countries if you report about the crime and you misinform local authorities about it, you may end up paying a fee for telling a lie. As I understood the concept of working of your platfrom correctly, you will report about the crime further to, let's say a police station. is that right?

are you going to visit blockchain conference in Moscow?

So for this, we have taken some measures. One is the user has to pay fees on every information he submits.
Second, he won't get 100% reward on very first information. His first information will be rewardless. Moreover he will get very small fraction of reward on second part of the information. Moreover he has to pay incremental fees with every next level of information. I hope this answers your question.

Yes, thank you. We also think like that!