Announcing Fyfy - Decentralized crypto payment ecosystem - page 3.

Fyfy

copper member

Activity: 35

Merit: 0

Quote from: Nienhaus on January 25, 2022, 04:24:29 PM

Hey there, you didn’t mention that What will be the transfer fees and how much time will it take to finish the transaction?
Could you please answer it?

As we are lowering the fees we make the fees 1% and the confirmation time will be 0.5 sec customer to merchants. Which will on the record of smart contract.

Nienhaus

newbie

Activity: 19

Merit: 0

Hey there, you didn’t mention that What will be the transfer fees and how much time will it take to finish the transaction?
Could you please answer it?

Fyfy

copper member

Activity: 35

Merit: 0

Quote from: Mcinroy on January 25, 2022, 01:15:07 PM

So, as you are working business to business model. You can’t target the whole business world at a time.
What is your prime target or niche to serve for?

Fyfy ecosystem is primarily for e-commerce businesses and customers who use online shops to purchase goods or services. Fyfy suits those who seek a solution for secure and instant transactions with low fees.

Mcinroy

newbie

Activity: 25

Merit: 0

So, as you are working business to business model. You can’t target the whole business world at a time.
What is your prime target or niche to serve for?

Fyfy

copper member

Activity: 35

Merit: 0

Quote from: Aquiree on January 25, 2022, 04:50:21 AM

Quote from: Fyfy on January 24, 2022, 02:27:36 AM

Quote from: tippytoes on January 20, 2022, 08:16:02 PM

Quote from: Fyfy on January 20, 2022, 08:00:06 PM

Quote from: Cleeton on January 20, 2022, 07:49:51 PM

There are a lots pf projects who are offering the low cost and fast payment system and there are many projects coming based on solana network.
How Do you differentiate you from them and why should we choose you?

Fyfy ecosystem is built on the Solana blockchain, which is among the fastest blockchains available. The focus is to transfer stablecoins, for example, USDC over the network similarly to most known FIAT currencies, like EUR and USD. Fyfy aims to create a user-friendly environment in which the payment process is simple and convenient to use. And that's why you should choose us.

But as you aim to be a payment ecosystem, have you tried contacting at least couple of companies that may possibly interested to use a decentralized payment system? Also, this will only be used extensively if your token will be available in a lot of trading platforms. There are so many coins or tokens that are cheap already in terms of tx fees, let's say TRX.

So where do you think you will start here? In what exchange are you eyeing to list your SOL token? SOL network is getting their popularity in the market.

In addition to this, FYFY token it self is not going to be used for making payments. With Fyfy Pay you can use several crypto currencies to make payments. Then we swap the payment to stablecoin like USDC and transfer it to the merchant.

Right now we are negotiating with several different companies who are interested in using our service on their webstore.

Ecommerce is booming after the covid breakout no doubt about that. But why do you think that users will use some service like this when there are already working service available and they are supplying what the market needs?

There are a few strong traditional competitors in the field. For example, market leader Paypal had 392 million active accounts and 4.4 billion transactions with 285 billion of total payment volume in quarter one 2021. Additionally, almost 2 million websites use Stripe, which is payment processing software for online businesses. More specifically, SatoshiPay, and Strike are considered true competitors for Fyfy due to its focus on micropayments.

And we are confident that we can bring positive changes to this market and stand against the competitor.

Aquiree

newbie

Activity: 17

Merit: 0

Quote from: Fyfy on January 24, 2022, 02:27:36 AM

Quote from: tippytoes on January 20, 2022, 08:16:02 PM

Quote from: Fyfy on January 20, 2022, 08:00:06 PM

Quote from: Cleeton on January 20, 2022, 07:49:51 PM

There are a lots pf projects who are offering the low cost and fast payment system and there are many projects coming based on solana network.
How Do you differentiate you from them and why should we choose you?

Fyfy ecosystem is built on the Solana blockchain, which is among the fastest blockchains available. The focus is to transfer stablecoins, for example, USDC over the network similarly to most known FIAT currencies, like EUR and USD. Fyfy aims to create a user-friendly environment in which the payment process is simple and convenient to use. And that's why you should choose us.

But as you aim to be a payment ecosystem, have you tried contacting at least couple of companies that may possibly interested to use a decentralized payment system? Also, this will only be used extensively if your token will be available in a lot of trading platforms. There are so many coins or tokens that are cheap already in terms of tx fees, let's say TRX.

So where do you think you will start here? In what exchange are you eyeing to list your SOL token? SOL network is getting their popularity in the market.

In addition to this, FYFY token it self is not going to be used for making payments. With Fyfy Pay you can use several crypto currencies to make payments. Then we swap the payment to stablecoin like USDC and transfer it to the merchant.

Right now we are negotiating with several different companies who are interested in using our service on their webstore.

Ecommerce is booming after the covid breakout no doubt about that. But why do you think that users will use some service like this when there are already working service available and they are supplying what the market needs?

Fyfy

copper member

Activity: 35

Merit: 0

Quote from: tippytoes on January 20, 2022, 08:16:02 PM

Quote from: Fyfy on January 20, 2022, 08:00:06 PM

Quote from: Cleeton on January 20, 2022, 07:49:51 PM

There are a lots pf projects who are offering the low cost and fast payment system and there are many projects coming based on solana network.
How Do you differentiate you from them and why should we choose you?

Fyfy ecosystem is built on the Solana blockchain, which is among the fastest blockchains available. The focus is to transfer stablecoins, for example, USDC over the network similarly to most known FIAT currencies, like EUR and USD. Fyfy aims to create a user-friendly environment in which the payment process is simple and convenient to use. And that's why you should choose us.

But as you aim to be a payment ecosystem, have you tried contacting at least couple of companies that may possibly interested to use a decentralized payment system? Also, this will only be used extensively if your token will be available in a lot of trading platforms. There are so many coins or tokens that are cheap already in terms of tx fees, let's say TRX.

So where do you think you will start here? In what exchange are you eyeing to list your SOL token? SOL network is getting their popularity in the market.

In addition to this, FYFY token it self is not going to be used for making payments. With Fyfy Pay you can use several crypto currencies to make payments. Then we swap the payment to stablecoin like USDC and transfer it to the merchant.

Right now we are negotiating with several different companies who are interested in using our service on their webstore.

Fyfy

copper member

Activity: 35

Merit: 0

Quote from: Eversly on January 21, 2022, 11:47:06 AM

Most of the Fintech target a single niche or group and run their work for that segment of market. But you have covered all the target group like business to business, business to customer and also peer to peer. Don’t you think this is too much for a new company and this can be a very bad idea?

You have asked a good question. We also thought about that. As you know Fyfy is working to make the micro payments fast, low cost, user friendly and secured transactions of crypto assets, so it is for all the segment of current market. Because B to B, C to B and peer to peer all the segment faces the difficulty to make micro payment. It is not fair to serve one portion and other portion still have the same difficulty, that’s why we cover them all.

Fyfy

copper member

Activity: 35

Merit: 0

Quote from: tippytoes on January 20, 2022, 08:16:02 PM

Quote from: Fyfy on January 20, 2022, 08:00:06 PM

Quote from: Cleeton on January 20, 2022, 07:49:51 PM

There are a lots pf projects who are offering the low cost and fast payment system and there are many projects coming based on solana network.
How Do you differentiate you from them and why should we choose you?

Fyfy ecosystem is built on the Solana blockchain, which is among the fastest blockchains available. The focus is to transfer stablecoins, for example, USDC over the network similarly to most known FIAT currencies, like EUR and USD. Fyfy aims to create a user-friendly environment in which the payment process is simple and convenient to use. And that's why you should choose us.

But as you aim to be a payment ecosystem, have you tried contacting at least couple of companies that may possibly interested to use a decentralized payment system? Also, this will only be used extensively if your token will be available in a lot of trading platforms. There are so many coins or tokens that are cheap already in terms of tx fees, let's say TRX.

So where do you think you will start here? In what exchange are you eyeing to list your SOL token? SOL network is getting their popularity in the market.

Have to tell that you asked a very good question. Since we are Just started our journey we are continuously working on it. As the market is growing rapidly and there is a need for this service companies will join us soon.
Now we are having a presale and whenever are going to list on the other exchanges, we will let you know all the updates, please follow our social media.

And the fees, we are using the Solana network so you know that the low fee, fast transaction and also our total reward system will be better than other tokens.

Eversly

newbie

Activity: 26

Merit: 0

Most of the Fintech target a single niche or group and run their work for that segment of market. But you have covered all the target group like business to business, business to customer and also peer to peer. Don’t you think this is too much for a new company and this can be a very bad idea?

tippytoes

sr. member

Activity: 1988

Merit: 275

Quote from: Fyfy on January 20, 2022, 08:00:06 PM

Quote from: Cleeton on January 20, 2022, 07:49:51 PM

There are a lots pf projects who are offering the low cost and fast payment system and there are many projects coming based on solana network.
How Do you differentiate you from them and why should we choose you?

Fyfy ecosystem is built on the Solana blockchain, which is among the fastest blockchains available. The focus is to transfer stablecoins, for example, USDC over the network similarly to most known FIAT currencies, like EUR and USD. Fyfy aims to create a user-friendly environment in which the payment process is simple and convenient to use. And that's why you should choose us.

But as you aim to be a payment ecosystem, have you tried contacting at least couple of companies that may possibly interested to use a decentralized payment system? Also, this will only be used extensively if your token will be available in a lot of trading platforms. There are so many coins or tokens that are cheap already in terms of tx fees, let's say TRX.

So where do you think you will start here? In what exchange are you eyeing to list your SOL token? SOL network is getting their popularity in the market.

Fyfy

copper member

Activity: 35

Merit: 0

Quote from: Cleeton on January 20, 2022, 07:49:51 PM

There are a lots pf projects who are offering the low cost and fast payment system and there are many projects coming based on solana network.
How Do you differentiate you from them and why should we choose you?

Fyfy ecosystem is built on the Solana blockchain, which is among the fastest blockchains available. The focus is to transfer stablecoins, for example, USDC over the network similarly to most known FIAT currencies, like EUR and USD. Fyfy aims to create a user-friendly environment in which the payment process is simple and convenient to use. And that's why you should choose us.

Cleeton

newbie

Activity: 29

Merit: 0

There are a lots pf projects who are offering the low cost and fast payment system and there are many projects coming based on solana network.
How Do you differentiate you from them and why should we choose you?

Fyfy

copper member

Activity: 35

Merit: 0

Quote from: PAMPT on January 19, 2022, 01:56:10 PM

Micro transfer technologies such as atomic swaps had existed long before my birth but just now have come in to existence as a mainstream feature / offer. This is apart from being fair. What I suggest. We dial back in time to promote the tech from the past in the past for it to grow in to a formidable system by the present day. If u object I will lock u and ur family in an intermodal container until further notice.

Thanks for your valuable opinion. we are working on micro transfer to make really very easy and formidable system. And we will make it in the new era of blockchain technology.

Fyfy

copper member

Activity: 35

Merit: 0

Quote from: julerz12 on January 19, 2022, 03:11:07 AM

Looks decent enough.
Although the 25% token allocation to the team seems a bit much, I mean, it's 25%.
Are these team allocations locked? For how many months/years?
You also mentioned something about FYFY Tokens being airdropped to every FYFY Token holder; So those who purchased the FYFY token will later on receive another batch of FYFY token for free? Seems kinda redundant don't you think?
Maybe it would better allocated into say, marketing or a bounty campaign to help promote this project.
Btw, sent you a proposal about bounty campaign, let me know if you're interested.

Thanks for your valuable opinion. 25% token allocation is needed for the team to run the whole process, If there is any necessity we can rethink. why do you think that Bonus Fyfy is redundant, It's a reward for those who invest on it and they should have benefited from it. And this kind of airdrop or bonus system is quite common to crypto world.

PAMPT

member

Activity: 237

Merit: 10

Micro transfer technologies such as atomic swaps had existed long before my birth but just now have come in to existence as a mainstream feature / offer. This is apart from being fair. What I suggest. We dial back in time to promote the tech from the past in the past for it to grow in to a formidable system by the present day. If u object I will lock u and ur family in an intermodal container until further notice.

Fyfy

copper member

Activity: 35

Merit: 0

Quote from: motolinba on January 19, 2022, 03:09:31 AM

It's a quite huge and interesting project. Your ecosystem and other things are giant. What is your basic business model?

Fyfy ecosystem creates cash flow by transactions over the network. A complete ecosystem diagram can be found in the whitepaper.

julerz12

legendary

Activity: 2492

Merit: 1164

Telegram: @julerz12

Looks decent enough.
Although the 25% token allocation to the team seems a bit much, I mean, it's 25%.
Are these team allocations locked? For how many months/years?
You also mentioned something about FYFY Tokens being airdropped to every FYFY Token holder; So those who purchased the FYFY token will later on receive another batch of FYFY token for free? Seems kinda redundant don't you think?
Maybe it would better allocated into say, marketing or a bounty campaign to help promote this project.
Btw, sent you a proposal about bounty campaign, let me know if you're interested.

motolinba

newbie

Activity: 30

Merit: 0

It's a quite huge and interesting project. Your ecosystem and other things are giant. What is your basic business model?

Fyfy

copper member

Activity: 35

Merit: 0

Private Sale has started!
http://invest.fyfy.io
As a holder of FYFY Token you will have a change to influence the future by voting on the development of the ecosystem.
Don’t miss out!

Topic: Announcing Fyfy - Decentralized crypto payment ecosystem - page 3. (Read 559 times)