Print Page - [ANN][FYP] Flyp.me - Profit Sharing Accountless Exchange 🌟Presale🌟 Whitepaper

Cryptocurrencies => Coin Home => Ethereum Tokens => Topic started by: kamvreto on September 16, 2017, 06:09:24 AM

Title: [ANN][FYP] Flyp.me - Profit Sharing Accountless Exchange 🌟Presale🌟 Whitepaper
Post by: kamvreto on September 16, 2017, 06:09:24 AM

(https://i2.wp.com/cryptobunch.com/wp-content/uploads/2017/09/flypme_logo_white.png)

Introduction
Flypme is the fastest and most private crypto-to-crypto exchange which doesn’t require any registration nor trust to trade. The only info needed to use the exchange is the user’s crypto address so that Flypme has the correct input and output. No trust is needed since Flypme doesn’t hold users’ funds.

In line with its mission of becoming the leading accountless exchange and its value proposition, Flypme has built-in profits sharing mechanisms, adoption-based rewards, permissionless API and participatory policy-making including proposing and voting for new features.

Available immediately, the exchange can be accessed at Flyp.me (https://flyp.me)

Flypme is the brainchild of the current team at HolyTransaction, one of the first multi-currency wallets and the oldest still active. It is built on six main pillars:

• Uncompromised privacy
• Fastest speed
• 50% profits sharing
• Participatory policy-making
• Adoption-based rewards
• Permissionless API

Tokens properties
FYP Tokens are ERC20-based Ethereum tokens. Each and every FYP Token is divisible, equal to each other and has exactly the same qualities, properties, and characteristics. After the ICO period will end, no additional FYP tokens will be created.

Each FYP token will equally participate in the profits generated by the Flyp.me (https://flyp.me)’s exchange fees. Owning FYP Tokens will enable the Contributor to also participate in the policy-making of Flypme including proposing new features and voting for key features. More benefits will be disclosed at a later stage.

Pre-Sale and ICO
The FYP Tokens are available in two separate rounds divided in phases, the Pre-Sale and the ICO. You will be able to contribute with all the cryptocurrencies supported by Flyp.me (https://flyp.me).

You can use the Token Sale page or your HolyTransaction Wallet. Otherwise, to prove ownership of the address(es) you sent your funds from, be prepared to sign a message using the private key(s).

Presale Phase I
10th July 2017 (15.00 UTC), +21% bonus, 1 ETH = 4,840 FYP

Presale Phase II
21st July 2017 (15.00 UTC), +15% bonus, 1 ETH = 4,600 FYP

Presale Phase III
6th September 2017 (15.00 UTC), +12.5% bonus, 1 ETH = 4,500 FYP

ICO begins
28th September 2017 (15.00 UTC)
+10% bonus before hidden-soft-cap, 1 ETH = 4,400
+5% bonus before hidden-hard-cap, 1 ETH = 4,200 FYP

ICO ends
21 October 2017 (15.00 UTC)

If Hidden-Hard-Cap is reached, the ICO will end 3 (three) hours after the Hidden-Hard-Cap threshold is reached. The exact time for beginning and closing of the ICO period, as for the time of the countdown closing, will be determined in blocks’ numbers of the Ethereum Blockchain. The exact block number for start and end of the ICO will be communicated before the ICO commences. The three-hours countdown when the Hidden-Hard-Cap is reached is counted in 700 blocks.

Soft-Cap will be disclosed as the ICO goes live.

Hidden-Hard-Cap will be revealed as soon as it will be reached and will trigger the 3 (three) hours countdown that will definitely end the ICO.

Currencies accepted: BTC, ETH, LTC, DOGE, DASH, FAIR, GAME, DCR, ZEC, SYS, PPC, BLK, GRC

The total (100%) of FYP Tokens created will consist of the Pre-Sale ones + the ICO ones + the ones assigned to the Flyp.me (https://flyp.me) Platform. The percentage of the FYP Tokens assigned to the Flyp.me (https://flyp.me) Platform varies depending on whether the Soft-Cap and Hidden-Hard-Cap are reached by the end of the ICO period.

In order to make the FlypMe Platform more sustainable during its evolution, the FYP Tokens assigned to the Flyp.me (https://flyp.me) Platform and retained by the Platform are inversely proportional to the participation of the Token sale. This means, the more contributions to the FYP Token sales, the less FYP Tokens that will be available to the Flyp.me (https://flyp.me) Platform. This mechanism and logic, besides making the project more stable and sustainable, will ignite a distributed governance model of the Flyp.me (https://flyp.me) Platform. Such model will become more powerful as time passes and the FYP Tokens will be more distributed.

if Soft-Cap is not reached, 50% of the FYP Tokens will be assigned to the Flyp.me (https://flyp.me) Platform and 50% to the contributors.
if Soft-Cap is reached but the Hidden-Hard-Cap is not, 40% of the FYP Tokens will be assigned to Flyp.me (https://flyp.me) Platform and 60% to the contributors.
If the Hidden-Hard-Cap is reached, 30% of the FYP Tokens will be assigned to the Flyp.me (https://flyp.me) Platform and 70% to the contributors.

Benefits of FYP Tokens
50% of the net profits generated by Flyp.me (https://flyp.me) will be distributed to FYP token owners in proportion to their ownership of tokens.

Owning FYP Tokens will enable the Contributor to also participate in the policy-making of Flyp.me (https://flyp.me) including proposing new features and voting for key decisions. Anyone holding FYP tokens will be able to propose new features. FYP tokens owners with a certain amount of tokens will be able to vote for key decisions. More benefits will be disclosed at a later stage.

Flyp.me (https://flyp.me) will distribute the net profits every three months (aka payout) after the end of the ICO. Following the first two payouts, the timing of the payout will be voted by the token owners in line with our commitment to participatory policy-making.

The FYP Token will be available to trade on Flyp.me (https://flyp.me) and other exchanges from the day the tokens are distributed.

Flyp.me (https://flyp.me)