Flyp.me ICO is now complete
The most private crypto-to-crypto exchange with 50% profit sharing
Interview with Flyp.me
BitcoinChaser: What kind of problem, market deficiency or opportunity inspired you to launch your project?
Flyp.me: We started developing Flyp.me in 2016 and the exchange service has been functioning since July 2017. Flyp.me came to life as a response to the needs of those users who are conscious about their privacy and the safety of their funds. A driving force behind Flyp.me is the team’s commitment to rebalancing the power between users of an exchange and the exchange itself. That is why Flyp.me token (FYP) holders will receive 50% of the profits and several other benefits including proposing new features or coin additions and voting for key decisions.
BC: How will your project address this problem, market deficiency or opportunity in a unique way?
Flyp.me: We have developed Flyp.me to be the fastest and most private crypto-to-crypto exchange which doesn’t require any registration. The only information needed to use the exchange is the user’s crypto address so that Flyp.me has the correct input and output to perform and finalize the transaction.
Flyp.me doesn’t request and doesn’t obtain information about users including through means such as web analytics, customer service software, marketing automation platforms and email marketing services. Unlike other exchanges, Flyp.me will not give away data voluntarily to any third party.
Only minimal trust is needed since Flyp.me doesn’t hold users’ funds nor the private keys. Flyp.me sends the amount exchanged back to the user as soon as the user’s transaction is confirmed on the blockchain. This is because Flyp.me keeps its own reserve funds for each cryptocurrency and token supported which enable the exchange to happen instantly.
To achieve accountability, transparency, active membership and empower token holders, Flyp.me uses participatory policy making whereby token holders can propose new features or coin addition. Vote for key decisions, audit costs, volumes and related information.
BC: How do you think that competition will develop following your ICO?
Flyp.me: Competition is currently limited. As the accountless exchange industry has an average volume of €250 mln monthly, we can expect new players to start entering the market in an effort to gain market share. The market is growing exponentially and innovation will be key.
We believe we have a first mover advantage as Flyp.me is already working and supports 13 cryptocurrencies. Our current service combined with our roadmap give us confidence we can become the leading accountless exchange.
BC: For all those who have read your white paper and are still on the fence about contributing to your ICO, what can you tell them that could lead them to buy into your project?
Flyp.me: The exchange of cryptocurrencies and tokens is one of only a few business models in the crypto space that makes a consistent and reliable profit, regardless of the pricing or performance of any specific crypto and token in the market. We are not selling an idea but a working product built by a team who developed the first web wallet to support Ethereum, one of the first multi-currency wallets and the oldest still active.
Contributing to Flypme’s Presale (12.5% bonus) or the ICO allows anyone to join a working and ambitious crypto-to-crypto exchange with a growing user base and several benefits for token holders.