the thought of getting in early on the pay pie ico makes me so excited that i feel like ive had too much coffee and my adrenaline kicks in.
why? bare with me because I’m going to spell it out for you later in this post.
first off, pay pie is a risk analysis utility based on the block chain. for those of you who have technical understanding I’m posting their white paper here for your reading pleasure https://www.paypie.com/Content/files/PayPie-Whitepaper.pdf
risk analysis can be used in figuring credit scores (if loans go through and the interest charged) which it looks to me will be the focus of the pay pie platform. its an important industry in modern business models.
risk analysis and such is on the boring side. its not what got me so excited.
what was it about pay pie that “did it for me”? now I’m going to get to the good parts.
one of the first things I look at on any ico is the legal counsel or lack there of. pay pie does in fact have an external legal counsel listed as an advisor for their project. this tells me that the team is taking the future success of the business seriously. having legal counsel onboard makes me feel more secure as an investor.
aside from boring legal factors, the team has a number of accounting, marketing, and risk management advisors on staff. these are key positions in the development of the business. I don’t pretend to understand either accounting or risk management. I do however understand experience and credential, which the players all have. I would call the team a smaller medium…not too small of a team to get the job done but not too big to where there would be communication issues.
now to the part that got me excited. the cofounder of pay pie already has an existing business called slick pie. in my opinion having an existing business is a big advantage over any competition. while I wouldn’t call this example a precedent for the future of pay pie, id like to point out the success of omise go. omg had an existing business before the issue of their token, so that when they went forward they had infrastructure and connections. this gave their token more credibility in my eyes, as slick pie does for pay pie. slick pie runs accounting programs and has customers in 130 countries already. what slick pie says to me about the pay pie ico is that I should take their efforts seriously.
I’m putting the link to their website here https://www.paypie.com/ so you can see for yourself. for those of you who are interested check them out. have a look at their team. have a look at what thay want to put together and form your own ideas about the project. I’m excited to get in now because I can see how pay pie would do well in the future.
ico launches October 15, I hope all get in who wish to.
my btc talk https://bitcointalk.org/index.php?action=profile;u=1164088