Quote from: titan20 on August 27, 2016, 08:34:31 PM

Ok let's do some calculations:

100 million coins x 0,0005 btc = 50.000 BTC.
50.000 BTC x 500 Euro = 25 million Euro's

So let's say i am an investor and would like to get a little more return on investment then a savings account.
I want a return of 3% per year.

25 million euro x 3% = 750.000,- euros

The company suggested that the tokenholders would get up to 15% of the commission of 0,5% that is charged to consumers for every transaction.

For the tokenholders to get a return on investment of 3% the company has to realize a transaction volume of 1.000.000.000 (1 billion) euro's per year.
(1.000.000.000 x 0,5% commission x 15% payout tokenholders = 750.000 euro)

1 billion euro of transaction volume! how much is that? Visa has around 50% of total global transaction volume for debit and credit card worth 3,3 trillion USD.
So with a transaction volume of 1 billion, blockpay would be small compared to Visacard which is 3300x bigger.
But the cryptospace has a marketcapitalisation of around 10 billion Euro.

So the succes of blockpay is hugely depended on the growth of the cryptocoin consumer.

If it reaches 1 billion transaction volume, i would say blockpay is very succesful. But even then the return on this high risk investment for tokenholders is a lousy 3%.

I am enthusiastic about this project and would love to participate. Because i think the cryptoscene could and should manage to become successful without Venture Capitalist from the 'real' world. But under these conditions it is more a donation then an investment. Don't get me wrong, i want you to become succesfull, but i will wait to invest in this coin when it hits the exchanges (at much lower prices).

Cheers!

Hi Titan20, I really like your passion for your Project

You really got a lot of good questions, I hope I answer them all to your satisfaction. Let us tackle the numbers.

First, the 15%, of the 0.5% transaction fees, are the sales commission for our BlockPay Ambassadors. If you sign up a bar in your town, you will get (0.5%*15%) in sales commission for each transaction running through that BlockPay. (0.08% of the total transaction, that is not bad.)

Second, we need far less to be profitable. According to my numbers we break even with around 3,500,000 USD transaction volume or 17,500 USD in transaction fees per month. 15% sales commission 2,625 USD for BlockPay Ambassadors. You take the rest 14,875 USD - deduct our startup expenses and taxes and end up with the net profits per month. These will be distributed according to stake. As you can see 3,5 mio USD per month on a global scale is not that much.

We have over 60 BlockPay Ambassadors today, and when each Ambassador can sign up 5 new stores per month we will have a good network by spring 2017.

Yes at the end we also need the consumer site. If the Blockchain community is not starting to use their coins on the market, then we will not reach our goals too. So we are bootstrapping as much as we can today to get a BlockPay in every store our there.

Gosh when we make a 1 billion USD in transaction volume then we reached true mass adoption for crypto currencies. That should be our new national day Grin

Quote from: mr-whitekey on August 27, 2016, 11:33:47 PM

Quote from: titan20 on August 27, 2016, 08:34:31 PM

The company suggested that the tokenholders would get up to 15% of the commission of 0,5% that is charged to consumers for every transaction.

My knowledge is that the 15% is only for Ambassadors whom actively sign merchants with blockpay. It comes from the small fee of only those people whom use the blockpay app at that specific location that the ambassador signed up, not the total set of transaction fees and not to coin holders. There is an undefined, unenforceable promise to profit share with blockpay token holders.

Also, blockpay is not the only project this team is up to. The funds raised here will go to fund other projects as well. as I understand it. Any other project could add value which would alter the value of the coins should the team share this value as promised.

https://blockpay.ch/community/blockpay-ambassador/

Yes right mr-whitekey. BlockPay is just one side of the coin. Echo on the other end is a powerful social chat messenger with a blockchain wallet baked it. PayPal and Whatsapp are looking how to integrate Bitcoin already but they are not private and anonym. I think you can already send Bitcoin with Viber too right? Anyways, Echo will combine the best of WhatsApp and PayPal in one app. Imagine we just get 10 million users who can send Bitcoin over the chat messenger and pay at a BlockPay in seconds. There is a lot of potential up. And WhatsApp has around 1 billion users. Skype 800, WeChat 700 and so on. It is a giant market that we want to tackle with smarter and better technologies.

Quote from: koanado on August 27, 2016, 11:47:22 PM

I want to invest with BTS.

How can I do that?

BTS are on Polo.

Thank you

Hi koanado,

The best is you send your funds first to your OpenLedger account and then send it forward to "ico.blockpay" . It is important you send it to your own account first so that we know your OpenLedger account!! I don´t want to send the BlockPay tokens to the Poloniex wallet....

Thank you for your support, any questions send me a pm.