Topic: Crypto exchange with the unique concept (Read 669 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

Your questions are fair.

1. The size of the TOKPIE tokenomics or you can call it "GDP of the platform" (the amount of all revenue nominated, e.g., in USD) is one of the two keys factors, which determines the price of the token. Another primary factor is velocity and inflation (zero inflation for TOKPIE tokens because its number is limited).

So, the GDP of the TOKPIE platform will be consisting of the following revenue sources:
1. Subscription fees.
2. Add-ons sales
3. Interest earnings.

The subscription fee is a win-win condition for both: the platform and high-volume traders (HVT).
The platform is benefiting from high liquidity provided by HTCs, which attracts more and more users. New users, in turn, attract more HVTs. The result we get the big point of attraction for any traders!
HTCs are benefiting from the lowest transactional costs in the market. For example, a subscription fee 90 US dollar equivalent per month is better for a trader who would pay minimum 300 USD in any centralized exchange for the trade volume about 300 000 USD. For example, when we attract first 100k users, and 10% of them will be HTC, this gives about 10k x $90 = $900 000/mo = $10 800 000/year. Not bad for overall GDP.

We predict that add-ons will give about $240k US dollar equivalent at the end of the second year of operations. Most of this revenue will come from start-ups wishing to organize their token sales and / or to be listed on our platform. Taking in mind, that current fee for the listing varies from $20k to $1mln and the number of new ICO is growing, we could be very competitive in that market.  

Interests earnings include a "rollover" fee paid by traders who want to use leverage or marginal trading for making p2p transactions. The average interest rate charged by centralized exchanges for such operations is about 22-25%. We will offer 15%, and expect to receive approximately $720k at the end of the second year of working.

Low Velocity will be obtained by the offering access to the special sections of the platform (dark pool order books, b2b order books, derivatives trading, lending, etc.) only to users who have the minimal number (will be determined later) of TOKPIE tokens on its balances.


2. SWAP (or the ability to exchange crypto-assets to other crypto-assets) is crucial for our model and mission - make crypto assets available everywhere to everyone! Besides, the concept and algorithms of the platform allow us to add the unlimited number of different digital assets. It's a matter of time and servers' capacity when we add all of them.

Hello crypto experts and fans,
Check out Neo Global Capital's major investment in OPEN Platform.

https://globalcoinreport.com/announcing-neo-global-capitals-investment-open/

It is really spoon-feed the users with lot of facilities provided, but I concern with these things :
1. If revenues are coming from big amount subscription fee which I believe rare then revenue will not be in big amount, so how is the benefit and potential profit to the investors? one channel for successful ICO can be predicted from how big the profit to be gained to the investors who is hunting then will hold your coins/tokens
2. As there is planned to use SWAP, I think it is avoided by other exchanges as their fees will be cut significantly. So how is the exchange of your tokens if lot of exchanges are not interested to list your tokens?

You and all other comrades are welcomed to our first AIRDROP : https://bitcointalksearch.org/topic/airdropclosed-tokpie-p2p-cryptocurrency-fiat-and-swap-exchange-3206263

OK

thanks! you will be included into the final update soon.

Thanks for following and wishing luck)!

Also, You can subscribe to the announcements on the http://tokpie.io/ or join our telegram group (all social links you can find on the website).

We didn't mention ICO here to be as short as possible. Another thread will be used for ICO promoting soon.

We will release MVP before May 15 regardless of the pre-ICO results.

The person who had created the first topic is now busy on other tasks, so I had created a new one.

And yes, you are right it's time to be active in other channels. And we will do that starting from April 2.
This topic aims to get "last" feedbacks about the website drawbacks and make some corrections before "big" promotion starts.

In this thread, there is no mention to the upcoming ICO as described in the roadmap. The Alpha release is sheduled after the Pre-sale but what if you didn't reach your cap? Then the release of the prototype will be postponed after the main sale?
I found aother thread here https://bitcointalksearch.org/topic/new-concept-of-p2p-exchange-2799867 posted two months ago so why not just updating it instead of making a new one? As it's time to be active in different channels that are not active at all.
I will keep following this project as it looks so interresting.
Good luck

We compare with Localbitcoins because we also don't touch users' fiat money. And as Localbitoins, we provide a marketplace for people who want to exchange with other peers directly. 

You are right, saying that on Localbitcoins participants pick the individual that can serve them better. It works like a big advertisement marketplace.

One of the main drawbacks of such marketplace is that each user must post its ads fully describing conditions how he/she sell/buy and another person must read all these shit =) here is the example



Instead of this, we match not users but their trading orders that already contain all predefined conditions for the successful transaction. So no need to waste time on additional negotiations with the counterparty.


To be more specific we:
- standardize all transactions (no need to write/read long ads posts)
- empower each instrument with Price Charting tool, so that people could quickly make price predictions for the required Instrument.
- create Order Book for each Instrument so that people could bargain on price in real-time (AUCTION)
- create the tools for price alerts and notifications
- create scanning tools,
- and many many other tools can be added  - no limits! 

Non-one P2P crypto-fiat exchange can do what we offer.

YES! you are right! We also think so!

This is why in our exchange people also could trade any crypto for another crypto in seconds with NO FEES, using instruments like
[SWAP - cryptocurrency / cryptocurrency - SWAP].  We just use SWAP symbol to replace county and method of payment.

Here is an example from our alpha.


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That's interesting but I don't think the comparison between an exchange and localbitcoins is fair. Order matching on localbitcoins is non-existent because basically, participants will pick the individual that can serve them better. Other variables are all based on the utility a buyer can get from the seller whereas in exchanges order matching would simply be the best price from the orderbook,

all people this now prefered interest decentralized exchange same with etherdelta
and not only pair btc/usd, but prefered interest altcoin trading
because if only btc to fiat money, all people prefered in local exchanger

Thanks a lot for your recommendations!

1. One office will be opened in Hong Kong (the company had already been registered there). And one more will be opened in Ireland or Swiss after ICO.

2. Contact phone will be added during next week as well as an EV SSL certificate and D.U.N.S seal (later) proving our reliability.

3. Support is one of our primary point of attantion. We will apply support gamification principle to grow community engagement.
So, many simple questions will be answered by experienced users who are being rewarded for that with our tokens.


Could you please advice any additional improvements for our website?

Is an interesting idea, I saw that you show your faces what is already very good to win the confidence of customers. I'll add things you should think about having:

1 - you must have physical office in real life, because with this people will have a place to complain in case they have a serious problem

2 - you must have a phone number, because this also helps if someone needs urgent help

3 - you must have enough staff to answer support tickets

Good question:

The revenue will come from:
1) Subscription Fees (only if you trade >100k)
2) Add-ons
3) interest fees

1.
We will set subscription fees on a tiered basis (Standard, Premium and Enterprise).
The amount of a subscription fee will depend on the user’s monthly volume of trade.
There will be no fee for users whose monthly trading volume is below $100,000 equivalent.

2. Add-ons will be including one-time consumable services like creation of an exclusive Order Book
for other start-up's token sale or listings.
Ordinary users also could make one-time acquisitions of some special tools.

3. Traders would be allowed to utilize their crypto-assets held on the accounts for leverage and marginal trading.
Some rollover fee (interest) will be charged for that.

Concept is interesting... however - where does revenue come from? where is your profit?

thanks for your comments!

the name is not strange)) It was made from TOKENS + PIE. = TOKPIE.
That is your unfair advantage for success in the slicing-up the global crypto-assets pie!

Concerning english.
This is a draft version; so, all texts will be rewritten and polished.

Possibly an interesting concept.

However, the name is not remember-able. It's a strange name.

Also, grammar / English grasp. Just reading your thread and some of the screenshots, the English is off.

hmm..following the logic in your thread it should be related to the "advanced" p2p

Your type of exchange should definitely be included into my survey. Please check how it can be named there: https://bitcointalksearch.org/topic/m.30017532

Hello, crypto experts and fans!

We are preparing to launch a unique P2P crypto-fiat and swap exchange with NO FEES: http://tokpie.io/

Here is our [ANN] https://bitcointalksearch.org/topic/m.33884596

It's not another Local Bitcoins or similar P2P exchange, where people place and match with peers advertisements.
 And it's not an online broker exchange service. It's smth wholly deferent -)

By using our platform, people (or companies) can trade any crypto to crypto or crypto to any fiat by using Auctions!

Each auction (or instrument) is a unique combination of:
- Country,
- Base cryptocurrency,
- Quote currency, and
- Payment method.
For example, {USA - BTC/USD - Bank of America}

Such concept of encapsulating county, base/quote currency, and payment method into unique tradable instrument
allowed us to provide the following basic features already tested in MVP (ready on 90%):

1) Order placement.
People can trade instruments in non-stop, simultaneous two-sided auctions having order books with 10 level market depth.
https://image.ibb.co/m41BX7/Screen_1_Order_submission_thread_for_instrument_USA_BTC_USD_Domestic_Wire_Transfer_Tokpie_s_alpha_1_0.png

2) Charting tool.
Traders can analyze trends by applying all technical analysis tools.
https://image.ibb.co/gEXDen/Screen_3_Price_charting_tool_for_instrument_United_States_BTC_USD_Domestic_Wire_Transfer_Tokpie_s_alpha_1_0.png  

3) Spread analysis.
Traders, who have money in different countries and on different accounts (PayPal, banks, etc.)
can instantly discover where to buy and re-sell with the highest profit margin.  
https://image.ibb.co/fjZ4kS/Screen_4_Spread_analysis_Tokpie_s_alpha_1_0.png

4) Top 10 movers.
Users can reveal up to ten instruments where prices have increased or decreased
at a higher percentage rate than anywhere else since a preset period
https://image.ibb.co/bSz1zn/Screen_6_top_10_movers_Tokpie_s_alpha_1_0.png

5) Top 10 markets.
Traders can detect most profitable quotes via a real-time list of quotes
sorted by price descending (for sellers) or ascending (for buyers).
https://image.ibb.co/m7zyC7/Screen_5_top_10_markets_Tokpie_s_alpha_1_0.png

6) Watchlist.
Users can keep their fingers on the pulse knowing latest bids, asks, the last matched price,
and a percentage of change for the selected instruments
https://image.ibb.co/d7Cwzn/Screen_7_My_watchlist_Tokpie_s_alpha_1_0.png

7) Price Alerts.
Allows traders to catch conditions for the best deals.
https://image.ibb.co/ecSks7/Screen_8_Price_alerts_settings_Tokpie_s_alpha_1_0.png


The result we will get the platform which has:
- the pros of favorite exchanges (Bitfinex, Kraken, CEX, etc.) like the ability to trade on the order books, seeing market depth, getting price alerts, etc. and,
- the pros of P2P exchanges, when you just pay for the fiat money transfer to a counterparty (a person like you) and avoid any other intermediary.
- unlimited scalability options allowing to trade any crypto asset or its derivative in p2p, b2b, dark pool order books mode, get and provide loans, infrustructure for 3rd party token sales and many more other applications.


I would be highly appreciated for any feedback from you
regarding our website http://tokpie.io/ and concept briefly described above.