PayPie ICO

PayPie ICO

Created using Figma
Created using Figma
PayPie is the world’s first blockchain accounting platform. The Platform provides real-time credit scores over data based on a single ledger approach comprehending businesses’ all-time historical accounting data to disrupt the credit risk industry.
Risk: High
Oct 15, 2017
Nov 15, 2017
100% completed
$26 000 000
14.8 K
216% goal completed
Goal 82 500 000 PPP
past
  • 1 PPP
    =
    0.0011 ETH
Token Details
Ticker
PPP
Company Details
Registered Country
Canada
Additional Details
Categories
Platform, Business services, Software

About PayPie ICO

Why PayPie
An outlook of the market opportunity

  • The Market
    Risk score analysis is at the core of most major industries within the financial sector, such as financing, compliance, auditing, credit insurance, and review. The market is enormous and nearly all SMEs undergo through a risk score check at a given time.
  • The Challenge
    Despite being vast, the risk score market for business is permeated with discrepancies and inconsistencies that create a challenge for the third parties vetting them. Fraud and data manipulation are between the main symptoms of that panorama.
  • The Solution
    Enter PayPie. PayPie will bring the definitive answer to the unreliability of this fractured system with its unique risk algorithm. This algorithm is based on blockchain triple-entry accounting, which guarantees that the risk score is accurate and fraud-proof.

Technology

  • Blockchain Technology
    PayPie is powered by Ethereum blockchain to create a decentralized public ledger that guarantees the authenticity of all past, present and future transactions on the platform.
  • Triple-Entry Accounting
    The platform will provide a new single ledger on the blockchain to create a solution that cryptographically seal all accounting entries and overcome shortcomings of the double-entry accounting.
  • Risk Score Algorithm
    As PayPie’s powertrain, the algorithm feeds reliable financial data from businesses and third party applications to marketplace players through the blockchain.

Features

One of the core parts of PayPie is its marketplace, which is a comprehensive space for SMEs, buyers, lenders, and investors to offer and find financial opportunities secured by PayPie’s risk score algorithm.

PayPie ICO Roadmap

  • Dec 2016 - July 2017

  • Research Completed
  • Aug 2017

  • Whitepaper published
  • Oct 2017 - Nov 2017

  • Token Crowdsale
  • Mar 2018 - Apr 2018

  • PayPie platform launch with real-time credit risk analysis.
  • Read More
  • May 2018 - June 2018

  • Begin marketplace establishment. Business development to increase trading volume.
  • Sept 2018 - Oct 2018

  • ERP integrations, API access to 3rd parties - Begin Decentralized Accounting System.
  • Jan 2019 - Feb 2019

  • Decentralized Accounting System launch. 100% accurate risk analysis goal achieved.

Activity

Activity:
85
LOW
Posts:
4 931
VERY HIGH
Views:
108 049
VERY HIGH
Activity:
85
LOW
Merit:
10
LOW
Posts:
1 058
VERY HIGH
Views:
32 248
VERY HIGH
Users:
436
HIGH
Posts:
272
MEDIUM
Followers:
2 416
MEDIUM
Likes:
2 157
MEDIUM
Followers:
7 690
HIGH
Tweets:
401
HIGH
30 Days Growth:
-116
Alexa
Rank:
732 762
LOW
Delta:
-81 490
Year commits:
0
Watchers:
0
Stars:
2
Forks:
1
Open issues:
0

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Nick Chandi
Co-Founder and CEO
unverified
Jag Barpagga
Co-Founder and CIO
unverified
Yohan Varella
Head of Marketing
unverified
Pardeep Kumar
Platform Dev. Manager
unverified
Sulabh Singla
Technical Lead
unverified
Rajeev Ranjan
Risk Management Lead
unverified
Ben Samaroo
External Legal Counselor
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Ranica Arrowsmith
Advisor
unverified
Jack Shaw
Advisor
unverified
Gary Cokins
Advisor
unverified

Last News

$ 0.1456
4.74%
Coin Stats
Daily, %:
4.74%
Weekly, %:
-8.24%
Monthly, %:
33.32%
Market Info
Market Cap:
$ 12.515 M
Volume 24h:
$ 3.158 K
Circ. Supply:
85.933 M PPP
Ticker:
PPP
ICO profit
X 0.6350
ICO Price~$0.2293
3.41
risky+
5.0 2
ICO Profile Vision Activity Potential Product Team

PayPie ICO Reviews

crushcrypto.com
review

Opportunities:
The problem that PayPie is tackling is large. Many SMEs struggle to obtain financing from banks. It would really help the SMEs if they could obtain easier financing because of technology advancement.
Network effect is present. The more companies use the PayPie platform, the more valuable the platform is.

Concerns:
PayPie is a white paper project with a lot of promises in many different areas – we believe they are trying to do too many things at the same time.
PayPie is going to tackle different industries including accounting, credit assessment, and invoice financing. They will create a stable coin and a marketplace.
The timestamping of journal entry makes sense but other features that they are proposing are just too much for the scope of this project in our opinion.
Stable coin is itself a difficult enough task to be a standalone blockchain project. In the whitepaper, this feature is just casually brought up without any explanation of the technical details, almost as an afterthought. Based on this, we are not sure how well thought out the business plan is.
They are trying to change the accounting and banking industry. There are a lot of regulatory and compliance issues arising from operating in these two industries.
The idea of connecting all the companies’ books to a decentralized accounting platform is very difficult to succeed because it involves persuading many companies to change something as fundamental as accounting system. A more established company/regulatory body may have a better chance of pulling it off, but we believe it would be hard for PayPie given the background of the team.

 

Conclusion:
Overall, we are neutral about the ICO’s short-term potential and dislike its long-term potential. Our thoughts of the tokens for short term and long term are as follows:
For short-term holding
Neutral. The project has received above average market awareness, but the project is currently at idea phase without any product to show for, which can turn off some potential participants.
The first milestone after ICO is launch of the platform, which is scheduled to be in March to April 2018 (4.5 months after ICO), meaning that there won’t be much news flow about the project shortly after the ICO.
For long-term holding
​Negative. This project is highly ambitious and aims to disrupt a few large industries (accounting, credit assessment, and invoice financing).
With little information in the white paper about (1) the technical details about how exactly the tech is going to work, and (2) the future roadmap and how the team will execute on its plans, we have reservations about the team’s ability to pull off such an ambitious project.

 

Read More
bitcoinexchangeguide.com
review

PayPie is a company that aims to create a credit risk assessment technology for the world of blockchain accounting. The company wants to solve problems in the world of risk assessment through the use of blockchain technology.

Read More
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