Quote from: titan20 on August 20, 2016, 10:23:18 PM

Quote from: Chris4210x on August 20, 2016, 08:46:46 PM

Quote from: titan20 on August 20, 2016, 02:24:53 PM

Quote from: Chris4210x on August 20, 2016, 02:16:30 PM

There are many good reasons to take a closer look at BlockPay and the other products we built. First we support all leading Blockchain currencies and give senior currencies like Peercoin a new tool to use their coin. Dash is already very excited about BlockPay. Second we do not charge fees to the merchant. The business owner gets 100% of the funds he requested within a few seconds. In some cases even in 3 sec, P2P. Since its crypto money, the business can immediately pay it forward. Third BlockPay is available for all kinds of platforms, today for Android and in Odoo, tomorrow for iOS and as open API for your business.

Can shopowners choose what currency to receive? For example: Customers pays in bitcoin, Shopkeeper receives Euro's.

Yes, the Shopowner can decide which currency to receive. A Shop in Europe, can get Euro but also USD or Bitcoin if they choose so. We are planning to provide a broad spectrum of currencies, including digital assets like Digix Gold etc. I hope we have the right currency for each merchant.

In your video you say the shopowner receives a digital version of a euro or dollar. They have to sell this digital version of a euro to get real euro's.
1. So how does this work? Trough what system/platform/blockchain?
2. Can the shopowner skip this process, so that it automatically gets out of the digital version and receives the fiat euros in his bankaccount?

Another question i have is the following: you say the payout to blockpaytokenholders will be (up to) 15%. The OPENPOS tokenholders are receiving 50%.
3. How much did you guys pay out until now to the OPENPOS tokenholders and is it possible to see this in a bitshares explorer (Just to get a feeling about how much the rate of return on investment was for the OPENPOS tokenholders)?

The Blockpaytokens have no function in your platform. There is nothing legally binding for your company to pay out anything to tokenholders. So the tokenholders have a weak legal position. You have a promising project. And i want to invest in it. Although nothing is legally binding, i think it is important that you announce what the percentage is that tokenholders will be receiving, so that there is some kind of agreement between tokeninvestors and company.

Cheers!

Hi titan20, I see a lot of good questions here. Lets get to the juice details.

1. Yes, the merchant gets a BitEUR, BitUSD etc. which is a Smart contract token on the Graphene Blockchain. They work like the Steem Dollar. So in an example MC Donalds gets 1,000 BitUSD in their Blockchain Wallet, the value is 1:1 to Fiat USD. Now MC Donalds can set up auto settle and send the BitUSD to a Gateway like Kraken, Coinbase, Coinsbank, etc. The funds will be sold automatically and the merchant receives his 1,000 USD - Fiat Gateway fee at his Bank account the next day. (We are talking about a few exchanges about the direct conversion already, an own gateway service is also planned to cut costs and time.)

2. The Merchant has a couple of options that we want to encourage
a) He converts into Fiat and leaves the Blockchain wonderland
b) He keeps the crypto and pays his salaries to employees
c) He keeps the crypto and pays in supplier in China in a few seconds
d) He keeps the crypto and purchases marketing, consultancy, or other services

You see the power? Where we want to go Grin

Of course, we want to make the conversion from Digital to Fiat as smooth as possible, but on the other side, we want to make the Digital Blockchain world as attractive as possible so that Business keep their funds digital and pay it forward. New Digital Cash.

3. You have to split the fees into different sections.

a) We have a flat fee of 0.5% added as "tax" on each transaction
b) From this turnover, we pay up to 15% sales commission to our BlockPay Ambassadors, for each store a BlockPay Ambassador adds to the Network. We have +50 Ambassadors in +28 countries already. The application is still open.
c) OPENPOS token holders will get 0.5%*50% of all transactions fees generated from an Odoo POS - Terminal. If an Ambassador sales a BlockPay in Odoo system to a store or chain, his commission will apply. The rest of the fees will be added to the general distribution pool.
d) All other fees will be pooled and distributed after all company expenses are covert.

e) BlockPay in Odoo is going live Q4 2016, so we don´t have any transaction fees to share yet. However, our early OPENPOS supporters gained a 3-4x ROI with our current buyback. We collected around 25,000 USD last year and buyback OPENPOS with BlockPay tokens in the value of 100,000 USD in phase 1 of our Pre-ICO. This is a special event to thank our early supports because our company would not exist without their support.

Quote from: dx5 on August 21, 2016, 07:17:57 AM

So how much in Bitcoins are you guys planning on raising?

We can raise in this Pre-ICO a total value of 1,483.20 BTC. Independent if people use Ethereum or Dash tokens to invest. Market volatility will apply.

Quote from: roncar on August 21, 2016, 02:48:12 PM

Hello dev.. still waiting for your reply about translation.. you said to pm you and i already did, however still haven't received your reply for almost a week now.

Hi Roncar,

thank you for your reminder. I get a lot of translations request lately. Please make sure you have your language in the title too so that I know if your language is already covered. I will come back you asap. Thank you.