The Social Exchange - Vote Successful!
We are delighted to announce the new offering, The Social Exchange, has passed the vote!
Therefore we are delighted to announce that the crowdfunding has gone live!
If you would like to participate in this, simply send your desired ETH contribution to our crowdsale address here:
https://etherscan.io/address/0x87779b6380E09d9263A71AAAEa0E7e106E874F0e
In return, you will receive 1 PFR for every 0.0001 ETH and your unique privileged code will be issued once the integration is live! The crowdsale will last for 10 days with the possibility of extension should we not achieve the required funds.
Read the full release here:
https://medium.com/@PayFair/payfair-the-social-exchange-5dce4edd4db9
Hi all,
Short answer to frequently asked questions about crowdfunding (The Social Exchange):
200 ETH (funds that we collect for the development of The Social Exchange) is $ 25k, this is a very low price for creating such an addition to the platform (almost a new project). Let me remind in Europe the cost of a developer hour is $ 30-40 per hour, $ 25k / $ 40 (per hour) = this is 625 hours of development (at least 5 people should participate in the development - a designer, a manager, 3-5 developers, depending on the development period. Not taking into account the additional time spent).
Nobody from scratch for such an EXTREMELY LOW COST of developing this will not make for you a fully working platform with future support. We have a base (foundation) for creating such an addition to the platform (The Social Exchange). Therefore, we are ready to take on this project. Also thanks to the new integration on the platform:
1) Liquidity will rise on the platform at the expense of the new service
2) Site traffic will be increased, due to ads placed on the platform.
You get almost 50% of the profit for contribution to the development of The Social Exchange worth $ 25k
PS: Initially, we had an idea to create a new token for this. But we went to the side of investors, and decided that we would share our team tokens as a bonus. I understand your interests, but we consider this in the long term, and we do what is in your interests, this is the creation of the value of the token itself!
Thank you for understanding