Topic: Will you guys use this in future? - page 2. (Read 327 times)

Seems to be a nice idea. It’s entirely possible that many people will use it in the future, I guess it will gain popularity among students and young people in general. A small remark: that would be nice if you have FAQ page on your website to collect main questions and answers in one place.

Although this is advertising, but I definitely liked the professional website, the idea and the real team. Many are working to introduce into our lives payment with various virtual coins. If this is implemented by someone, then it will be uniquely successful.

I think all will depend on marketing , if more people will use it like fiverr then it can bloom, if traffic will be low then nobody will know it and there is no point to use it.

Yes me too. As long as it is useful and more helpful for the future then why not right? I guess it will be more useful because many people continues to believe this kind of transaction. I will use it for the future because I know this will help many people and it is too safe also to work on.

Good concept with regards to favor please.
Coins4favors is another project to enhance the ability of another through favor, then favor coin is guaranteed.

Yes, as long as i need this, i'll use it.
It really helps me a lot since i benefit so much from here. Its a good sign that i profit in just investing my time and effort.
The best part with this is that i dont have to release money, even if it is a scam, i am safe.
i just have to be aware of scammers out there.

Sorry to hear this. Would you mind to explain what specifically you dont find conclusive ?
Not trying to change your opinion, just trying to see what we can improve to give a more transparent outlook.
The key criteria for success will be market penetration / user count. That’s why we have ambitious plans on growing market size after the ICO.
Part of it is marketing (thus the biggest chunk of the ICO funds goes there), part is strategic partnerships with existing app platforms such as WhatsApp or Line, etc.
If we could integrate Coins4Favors with a major messaging app, we gain hundreds of millions of users over nite.

Thanks for the feedback

The idea of the project is quite good and useful, but after looking at the project roadmap I feel I'm not confident enough to invest in the project (of course this is my personal opinion). Maybe I will spend more time to learn more about this project information

The only constant thing in life is change, if this is going to really help, why won't use it.

Thanks so much, we are convinced that creating a global market for minijobs is a great potential.
Look at what Uber and Airbnb were able to do by connecting people in the Sharing economy, where people can be user or provider of a service. That market is $20 billion already and mostly just those two areas: transportation and lidging.
With Coins4Favors you open up a peer-to-peer market for anything.
With number of users scaling up and more and more transactions happening the value of a Favorcoin will only go up... good to be in early

Time will come this will happen because it will be suitable and can be use by other country. Everyday it has a new disovery and improvement from time to time. And knowing that Blockchain tevhnology to GPS is literally an amazing that anyone can be used.

Thanks for the feedback and the good wishes 

Innovation starts with an idea! Whether research or promotion, I personally love the concept and wish its creators and promoters all the success, as it is a user-based facility that simplifies life, saving both time, energy and resources.

Thanks for the comment.
Interesting, the Whitepaper clearly states why we need the blockchain technology for Coins4Favors and how it solves 5 problems using this on page 9.

Small favors and mini-jobs in remote areas require you to be able to pay regardless of the currency and with minimum overhead costs.
If the favor costs you $5 (equivalent), users don't want to pay $20 in wiring fees if it goes to another country.
The favors will not be standardized like Uber or Airbnb does, therefore you are looking at peer-to-peer services, not a central payment system.
Private people cannot charge credit cards, so you are in need of a fast and reliable cheap way to compensate people around the world regardless of local currency.
Blockchain technology offers just that, plus it allows for an escrow service built into the smart contract, so the person being asked to perform a favor knows the compensation is secured for him in an escrow. Disputes between a favor seeker and a favor provider can be settled by independent jurors, etc.

Of course, raising money is part of the ICO, that is the very purpose.
In order to make the system successful the number one thing is market penetration. We need enough users everywhere, so that if you are looking for a favor there is enough people who are willing to provide favors. Therefore the biggest portion of the ICO funds will be used to market the system, followed by funding the further development of our alpha version into a commercial app and platform.

Let us know if you have any further questions
Your Coins4Favors Team

This is really something new and interesting , but in my country such technologies will not be soon, and generally they can not be. Our deputies have purchased crypto-currency, already a long time ago, and it's no use to enter and legalize transactions with crypto currency or any other transactions, so for now we are waiting. I would like to work for them in the company's bounty.

Although I have read the white paper on this project, I still don't know what the ICO project is related to the block chain.
Or just need to raise money?

Already there is similar projects working, when some people buying you something in another country. Why do you need blockchain here? I would be using such project but you need to fight with existing ones.  This is just my IMHO and in crypto, all depend on what exchange it will be and marketing team)

Hello and thanks for your good and valid question.

There are three reasons we want to issue a FavorCoin instead of using an existing coin.

1) Value/Cost of a coin
We focus on very small jobs and favors, which will cost you the equivalent of maybe $5 to $20.
If you look at Ether, etc. the value is meanwhile so high, that a favor of that size would cost 0.0058 Eth.
Not very practical.
Therefore we need a coin which can appreciate in value vs. ICO but remain practical for the targeted market.
You will get 125,000 FavorCoins for 0,05 Eth during the Pre-ICO week 1 (incl. 25% bonus) and 100,000 C4F for 0,05 Eth during ICO.
If the value of FavorCoins in the long run would be $0.01 (speculative !) you can still order a normal small favor for 500 FavorCoins while the value of your 125,000 Favorcoins vs. ICO has gone up 2900% from $42,50
(based on 850USD/Eth) to $1250.

2) Funding of Marketing & Development
We want to raise the funding to develop and market the Coins4Favors system. That is why we need the revenue from the ICO.
A system like this only works if you have enough users across the world, so if someone looks for a favor somewhere there are enough Coins4Favors users that can provide that favor or mini-job.
Key to achieve this is marketing, marketing and marketing of the App and the Coins4Favors system.
If you check our webpage and the whitepaper, we outline the use of the ICO proceeds and explain why we use most of the money raised for marketing (40%). It will be very difficult to reach global coverage without sufficient marketing over a longer period of time.

3)Branding and Value Increase
Branding of the Coins4Favors system and control of it's valuation with a dedicated token is the third reason.
With the Coins4Favors token we have a token that has a dedicated use platform. This allows us to drive the value of the token up by simply scaling up the user base, driving up our market coverage.
If we use another existing coin, the value of the coin will fluctuate a lot as seen in recent weeks. Maybe some coins even fail in the long run.
This can influence the value of FavorCoins and make the placement and valuation of favors difficult in the system. Therefore we chose a dedicated token for our platform.

I hope this makes sense, please let me know if you want to discuss further.

Your Coins4Favors Team

quote author=auliahr link=topic=2931005.msg30107530#msg30107530 date=1518399457]
a very interesting thing for me is the innovative system combines blockchain technology with GPS based location services. but can 4favor service be used all the country?
[/quote]

Happy to hear you like the idea.
Yes, it can be used everywhere. All you need is a smartphone with internet access and the Coins4Favors app on it.

You post the favor request in the app and specify where you need it done, the app informs other Coins4Favors users in the area where you need it.
Once someone accepts your request (maybe after proposing a different amount if Favorcoins) and you accept the person as the provider of your service, the system moves the number of FavorCoins that you agreed on into an escrow.

As soon as the person did the favor you requested and send you the information/pictures, etc. you agreed on, you can accept the job as completed and the coins are transferred to the persons wallet.
So it works everywhere in the world.

We plan to list the FavorCoin in all major exchange platforms, so the person that did the favor can use the Coins to get other people do him a favor or exchange them to other coins.

For more details, please check our Webpage at www.c4f.io or www.coins4favors.com
Any questions, let us know 

Thanks and have a great day
Your Coins4Favors team

hmm. very interesting project. who will tell how this idea will be realized in the world market and in what countries will this project really function?