Topic: Crypto exchange with the unique concept (Read 685 times)

Hello fellows!


We had released MVP! 🚀 🚀 🚀

Try our alpha please: https://bitcointalksearch.org/topic/ann-tokpie-p2p-cryptocurrency-fiat-and-swap-exchange-low-fees-3253647

No problem)

1. How do you make money?
GDP of the TOKPIE platform will be consisting of the following revenue sources:
- Subscription fees.
- Add-ons sales
- Interest earnings on P2P loans and leverage provisioning.

Please check out the Financial section on 38 page of the whitepaper to learn TOKPIE's tokenomics figures in more details: https://tokpie.io/assets/downloads/tokpie_whitepaper.pdf


What's your business model?
PAAS/SAAS (platform/software as a service)
TOKPIE will be charging only about 10% of users for provision with additional functionalities. All the rest (about 90%) will be using our platform for free. (Same model like Dropbox)


2.Will you be enforcing KYC policies or other verification processes?
Yes, TOKPIE will apply KYC and AML because..:
* Long-term standing.
We want TOKPIE to become the leading P2P cryptocurrency exchange. To achieve real business success, Tokpie needs to demonstrate that it is aiming for more than short-term financial gains, what is most important to us is providing the best possible service for our users.


* Reputation and public perception
By implementing KYC and AML regulations from the initial token sale, Tokpie will ensure that the platform is protected from potential fraud.

* Ability to reach a larger audience.
Having KYC and AML safeguards in place will allow Tokpie to attract a much larger audience and expand its reach into countries which operate more stringent financial regulatory requirements.

* Avoid Compliance Complications
By being transparent with financial regulators from the start, we can avoid complications which could arise

* Keeping track after the token sale
Incorporating KYC and AML checks into the token sale process can help the platform keep track of investors (not allow restricted countries' participation)

* Avoid fines.
Governments have begun to clamp down on unregulated exchanges, charging substantial fines for those platforms which have failed to show that they have the necessary statutory procedures in place. In 2017 it was predicted that fines of over $4billion would be issued globally for non-compliance with AML.


3.What user trust rating model do you follow? LocalBitcoins have user reputation which plays an important role in deciding how reliable the trader is.Do you follow something similar?

Yes, each TOKPIE's users will have rating scores, which can be received for positive feedbacks from counterparties. Positive feedback given by the same counterparty provides 1000 times lower points (to avoid scam rating pumping).

Also, users with a high-rating score can be allowed to help others (newbies) in some easy (not sensitive info) questions and get tokens from us for that. Similar to the merit system used in bitcointalk forum.

Adding such gamification to the support function will help TOKPIE to increase the platform adoption rate by stimulating thousands of traders of different languages to sign up, become experienced users and earn tokens for helping newcomers.

High rating score will also allow a user to get the access to lower p2p loans and leverage interest rates and some other functionalities.


Here is our official [ANN] thread there are a lot of discussions relating to all of your questions-) kindly check it: https://bitcointalksearch.org/topic/m.33955806


P.S.

Join us now https://tokpie.io/signup to receive 5% bonus in addition to all tokens earned for completing bounty assignments, plus a 1% bonus on all token purchases!

Moreover, Increase your token amount by adding referrals.
Get a 5% bonus for their earnings in the bounty campaign! Additionally earn 1% of your friends’ pre-sale and final sale token purchases!

1.How do you make money ? What's your business model ?
2.Will you be enforcing KYC policies or other verification processes ?
3.What user trust rating model do you follow ? LocalBitcoins have user reputation which plays an important role in deciding how reliable the trader is.Do you follow something similar ?

Sorry if I missed out on things  in the first post,it's too long to seek the exact info I'am looking for.

Instead, people with low amounts (but not lower than 300 US$ equivalent) will prefer to use our service because it's free of charge.

Yes, I have got your point. But we don't propose high speed transactions.
We what to allow people to reach consensus (demand/supply) on price through bargaining on it in auctions.
This offer is unique for p2p types of crypto exchnages. 

the answer is TOKENS
please sign up our cabinet https://tokpie.io/signup#, get a referral link there and share it with your friends. Also, participate in our bounty)

Playing Devil's advocate here:

I think that there would be growth issues in this model. On paper, it looks doable (and different). But there are some usability changes.

Exchanges are "fast". Auctions are "slow". There is a reason why eBay cant grow (Not exactly the same thing, but you got the point).

This looks like a very good project and will have competitors run for their money. I would really like to see how this unfolds. People who would like to exchange very low amounts will really benefit from this service.

Thank you for participating/engagement! (see your sig.-)

Yes!

each countries will it work ?

Perfect project and concept! you will get a lot of hype) good luck!

Hello community, we are happy to announce our official [ANN]: https://bitcointalksearch.org/topic/m.33884473

Also, JOIN our bounty campaign!
https://bitcointalksearch.org/topic/bounty-tokpie-p2p-cryptocurrency-fiat-and-swap-exchange-ended-3255608

Please don't forget that our swap will be provided with no any fees if your monthly volume of trade below 100k US dollar equvalent.
Also, you will not have to pay any blockchain transaction fee after matching with peers. 

I love the fact that more swap services are coming up.

You are right! The UI upgrade included in our Road Map!
But you should know that UI is only the cover and not the core value. So we need to show and test with people the capabilities of the platform, add, remove, upgrade smth. And only then cover all of this with the excellent user interface.

Anyway thanks for your suggestions.

By the way, will have the interface allowing users decide (vote) what to upgrade first.

Proof of authentication:
- Telegram Username: @helpgod
- Twitter Profile Link: https://mobile.twitter.com/Sunil219213
- Reweet: https://twitter.com/tokpie_io/status/979409427580227584
Tweet: https://twitter.com/Sunil219213/status/979468583200743424
- Facebook Profile Link: https://www.facebook.com/sunilwadhan
- Repost: https://m.facebook.com/story.php?story_fbid=2109017895792364&id=100000525238666
- Post: https://m.facebook.com/story.php?story_fbid=2109018992458921&id=100000525238666
- ETH Wallet Address:0x3eae4eC1ae9f51ac6fdA0b04Fe5C742baF91CF6a

I really like the idea, as you said, kinda unique.
But I don't really feel the UI design... Looks kinda older, if u feel me.
Maybe try get something more material. Some colors and stuff. Dark version lol 

gl tho!

#Proof of authentication:
- Telegram Username: @gainmoni
- Twitter Profile Link: https://twitter.com/gainmoni?s=08
- Reweet: https://twitter.com/tokpie_io/status/978980038057058304?s=19
- Tweet:https://twitter.com/gainmoni/status/979400940691251206?s=19
- Facebook Profile Link: https://m.facebook.com/gainmoni?ref
- Repost: https://m.facebook.com/tokpie.io/?ref=bookmarks
- Post: https://m.facebook.com/story.php?story_fbid=777924342416887&id=100005979843118&ref=bookmarks
- ETH Wallet Address: 0x07a8A4742f1e479A4150c2fe452c7b75874779E3