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TrueReligionnas for liquidity of PYPL tokens, I read their whitepaper. and if you will do same, you would know, that, people will pay in Pypl tokens for insurance and have bonus. So it will be more profitable to pay in their tokens instead of fiat.
Members gets additional 2% bonus rewards in PYPL tokens when purchasing insurance policies on the PolicyPal Platform.
They also will have own blockchain in Q3 2018 (because transaction on Ethereum are to expensive and not stable). Alpha and Beta will be on Ethereum blockchain early.
Do you think, such big player like Paypal can allow himself to work with shitty projects?
I cant understand, why people dont doing research, and believe in real full shit like "Blockchain 4.0" with unknown person and incomprehensible projects, who just made hype and want to grab money, and than this people will be crying. May be better to pay attention really good projects, with real team and real product?
Ive read whitepaper. From this model it comes that only people involved in crypto will buy policies on their platform using tokens. People who are not familiar with crypto will use fiat. If they want to make real value to their product, they should make their token THE ONLY way of purchasing policies. And for comfort of people not involved in crypto, who want to use fiat, they should make internal exchange. For example some Bob wants to buy policy on their platform, and the only way to do this is to pay with token, but Bob doesnt know how to go to exchange and buy token, Bob was using fiat money all his life. And specially for people like Bob there is option in the PP app to pay with fiat, but when fiat comes in app it is automatically exchanging for token, and token is used to buy policy for Bob. And company is buying back token from exchanges from token holders.
Everybody happy, and then tokenomics work right way, and token gets value based on the amount of policies sold.
But there is not a single word about this token economy model in whitepaper. It is just me, random noob from internet writing about it on forum. Not Super Puper developers, chosen by PayPal, and many other venture investing companies, who still dont have enough money for the project and coming here to the community to take our money. nd unfortunatelly there is so much hype around ICOs now, and so many stupid people just giving money to all projects, who are new to crypto and economics. They spending their last money hoping to make big profits. And projects like this get their money, because PayPal logo is written on their website.
If team will show any REAL model, driving up token value, I will take my words back. But not before. And not because they are saying that you will see real token use and value, when we launch mainnet . And before mainnet we should buy lottery token? Nice position.
Edit: and when they banned me, they even forbiddened me to watch discussion in group, not just puting silence on me. And admin reported me like spamer in telegram. He just answered my questions and to prevent further reasoned questiones, he didnt have answers, he just quietly banned me, so all people in group wouldnt panic about this. After I pmed him, he just baned and reported me, not answering, like 15 yo girl
