Decentralised Crypto Exchange Offering 50% Profit Share

in #crypto7 years ago

Keep your private keys, No customer ID or KYC/AML, and 50% of profits to token holders. Bonus.

flypme.jpg

On September 28th 2017, Flyp will be offering a token sale to fund the decentralisation of the exchange, drive adoption, and fund token reserves.

Effectively, from what I can tell from reading the Whitepaper, the idea behind the exhange is that you don't need to register because you never give up your private key. The company plans to hold a large amount of tokens in reserve, and all that happens is once you make the trade, you send your funds, they are written into the blockchain and you are then immediately sent the coins you are exchanging for.

Seems very logical in principle. And who wouldn't want to have the added security of not having to store their coins on an exchange which can be hacked, closed by governments and may experience occasional (or in the case of some we won't mention, frequent) downtime and outages.

The site promises permissionless API's and participatory policy making. If you own FYP coins, you can vote.

And not only that, as an FYP holder, you will get a share of the revenue, which according to the whitepaper, will be 50% of the revenue...certainly up to the point where there is still revenue left from the ICO.

Now that's a bit of a Brucie Bonus, because as far as I know, you don't get shit from pretty much all of the other exchanges)

Innovations


They also have a number of very interesting innovations that they want to work on, and their whitepaper does outline that some of the ICO funds will be used for this purpose.

Presale & ICO


The ICO starts on the 28th september. It's worth reading the white paper to find out more, because there's some hidden stuff in there about bonuses.

There is also a presale going on now, prior to the ICO where you can get a 12.5% bonus on your coins.

Participate


You can visit their website here


I do not endorse any third party. This post was for information only. I am not affiliated in anyway with Flyp or any subsiduary. I do intend to participate in the ICO/Pre-sale, but as yet do not own any tokens. Participate at your own risk and for fucks sake do your research before handing over any money.

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My my my 50%! This should be the best news I have heard today, in addition to the fact that I don't get to keep my coins online. This is great, will surely give it a look.

Yep. Thats what I thought too!

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