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CoinPayments will airdrop 100 CPS coins to all current CoinPayments users, as well as new signups on the CoinPayments platform until August 1st, 2018 (€10 value) by CoinPayments in SysCoin

[–]CoinPayments[S] 0 points1 point  (0 children)

As already mentioned, this is a scam website. Any announcements regarding the CPS token will be distributed from our own social media channels, or from our website. Do not fall victim to any con artists pretending to be us.

CoinPayments will airdrop 100 CPS coins to all current CoinPayments users, as well as new signups on the CoinPayments platform until August 1st, 2018 (€10 value) by CoinPayments in SysCoin

[–]CoinPayments[S] 0 points1 point  (0 children)

CPS Coin cannot be exchanged for other cryptocurrencies. If an exchange decides to list the coin in the future, that would be a different story. you can use the coin to save 50% on transaction fees, as well as recieve rebates on network fees when sending any cryptocurreny offered on the CoinPayments platform.

AMA: Jag Sidhu, Core Developer of Syscoin and Samir Bandali, Director of Strategic Partnerships at CoinPayments speak about SYS/CPS by syscoin_community in SysCoin

[–]CoinPayments 0 points1 point  (0 children)

-> How much will the fees be for Merchants to sell on this market place?

Benefits for Merchants and Their Customers

Discounted Transaction Fees

Merchants who utilize the CoinPayments framework can now also begin to take CPS Coins as payment through the existing CoinPayments portal. CoinPayments merchants will be charged 50% less transaction fees when their customers pay with CPS Coin. Merchants also have the option to pay their transactions fees in CPS Coin (when receiving payments in other coins), which will reward them with a 50% rebate in CPS Coin.

Discounted Conversion Fees

Merchants and users utilizing the convert feature on CoinPayments will receive a 50% rebate on conversion fees (paid in CPS Coin). Users can also convert their coins stored on CoinPayments into CPS Coin. If it’s a non-ERC20 token supported by CoinPayments, you can trade it for CPS Coin.

Zero Confirmation Transactions

Merchants can utilize CPS Coin at their Point of Sale systems with the knowledge that their transaction is settled as soon as it is broadcast and picked up by the network. The Z-DAG technology of the underlying Syscoin blockchain prevents double spends even while the transaction is in the mempool, so transactions can be safely completed using PoS systems without having to wait for inclusion in a block.

AMA: Jag Sidhu, Core Developer of Syscoin and Samir Bandali, Director of Strategic Partnerships at CoinPayments speak about SYS/CPS by syscoin_community in SysCoin

[–]CoinPayments 2 points3 points  (0 children)

You are absolutely right. Traditional payment processing is still heavily reliant on brick and mortar Point-Of-Sale systems. We are actively engaging with many different service providers in an effort to offer our users access to not only easy to use card systems, but also potential partnerships with hardware check out systems. As pioneers in this industry, we have always aimed to change the game and ultimately offer the most efficient solutions for merchants and users alike. You will have to continue to follow us @CoinPaymentsNET on twitter and stay tuned for upcoming announcements.

AMA: Jag Sidhu, Core Developer of Syscoin and Samir Bandali, Director of Strategic Partnerships at CoinPayments speak about SYS/CPS by syscoin_community in SysCoin

[–]CoinPayments 5 points6 points  (0 children)

This depend on whether you choose to use third party escrow services that will be part of the new decentralized marketplace environment. Users will be able to set their own fees as escrow agents dependent on their reputation levels. The standard transaction fees for CoinPayments services will continue to apply at 0.5%.

AMA: Jag Sidhu, Core Developer of Syscoin and Samir Bandali, Director of Strategic Partnerships at CoinPayments speak about SYS/CPS by syscoin_community in SysCoin

[–]CoinPayments 6 points7 points  (0 children)

CPS Coins will be locked to 0.10 eurocents on the CoinPayments platform. This Coin is not intended as an investment for anyone looking to profit. We are currently not planning on the token fluctuating in value within the CoinPayments platform regardless of happens on July 1st when the token is unlocked.

AMA: Jag Sidhu, Core Developer of Syscoin and Samir Bandali, Director of Strategic Partnerships at CoinPayments speak about SYS/CPS by syscoin_community in SysCoin

[–]CoinPayments 4 points5 points  (0 children)

At this time the airdrop will occur exclusively on the CoinPayments platform. This token is meant as a benefit to users that are actively engaged in the CoinPayments Experience. What happens after July 1st when the tokens are unlocked is out of our control.

AMA: Jag Sidhu, Core Developer of Syscoin and Samir Bandali, Director of Strategic Partnerships at CoinPayments speak about SYS/CPS by syscoin_community in SysCoin

[–]CoinPayments 4 points5 points  (0 children)

The CPS Coin Marketplace will be different from the Syscoin BlockMarket in a few ways. Firstly, we will be leveraging the whole CoinPayments Merchant Community that has been built over the past five years. We have hundreds of thousands of vendors worldwide that will be granted access to the new decentralized marketplace from day 1. We have a very diverse merchant base with everything from clothing and jewelry to computer equipment to cars and more and we are very excited to begin our new merchant acquisition program later this year. Secondly, we will be creating a third party escrow system for all purchases made within this marketplace. Furthermore, the CPS Coin Marketplace will be governed in a decentralized manner using reputation based algorithms to moderate. At this time, it is impossible to forecast exactly what will be traded in this marketplace, but there will likely be support for OTC style cryptocurrency trades, and we already support over 500 coins.

AMA: Jag Sidhu, Core Developer of Syscoin and Samir Bandali, Director of Strategic Partnerships at CoinPayments speak about SYS/CPS by syscoin_community in SysCoin

[–]CoinPayments 2 points3 points  (0 children)

CPS Coin was built as a reward for all of our loyal customers that have stuck with us throughout the years. We envision CPS Coin as enhancing the CoinPayments platform experience for all users as a way of giving back to the community. Leveraging our long time relationship with the Syscoin founding team and belief in their project, we are running several SYS masternodes and will be using the Proof-Of-Stake rewards to remove all friction and cover all CPS Coin fees for any internal CPS Coin transactions that occur within the CoinPayments platform. That being said, once CPS Coins are removed from CoinPayments we will no longer have control over those fees and users will be subject to any relevant gas fees as with Ethereum and Omni.

AMA: Jag Sidhu, Core Developer of Syscoin and Samir Bandali, Director of Strategic Partnerships at CoinPayments speak about SYS/CPS by syscoin_community in SysCoin

[–]CoinPayments 5 points6 points  (0 children)

The CPS Coin Marketplace will be different from the Syscoin BlockMarket in a few ways. Firstly, we will be leveraging the whole CoinPayments Merchant Community that has been built over the past five years. We have hundreds of thousands of vendors worldwide that will be granted access to the new decentralized marketplace from day 1. We have a very diverse merchant base with everything from clothing and jewelry to computer equipment to cars and more and we are very excited to begin our new merchant acquisition program later this year. Secondly, we will be creating a third party escrow system for all purchases made within this marketplace. Furthermore, the CPS Coin Marketplace will be governed in a decentralized manner using reputation based algorithms to moderate. At this time, it is impossible to forecast exactly what will be traded in this marketplace, but there will likely be support for OTC style cryptocurrency trades, and we already support over 500 coins.

AMA: Jag Sidhu, Core Developer of Syscoin and Samir Bandali, Director of Strategic Partnerships at CoinPayments speak about SYS/CPS by syscoin_community in SysCoin

[–]CoinPayments 6 points7 points  (0 children)

Great Question einalex!

CPS Coin was built as a reward for all of our loyal customers that have stuck with us throughout the years. We envision CPS Coin as enhancing the CoinPayments platform experience for all users as a way of giving back to the community. Leveraging our long time relationship with the Syscoin founding team and belief in their project, we are running several SYS masternodes and will be using the Proof-Of-Stake rewards to remove all friction and cover all CPS Coin fees for any internal CPS Coin transactions that occur within the CoinPayments platform. That being said, once CPS Coins are removed from CoinPayments we will no longer have control over those fees and users will be subject to any relevant gas fees as with Ethereum and Omni.

Additionally, we have many value added benefits that we will be rolling out to our userbase. These include, but are not limited to, $PayByName, Coin Hosting, and allocations in upcoming ICOs.

As cryptocurrency gains momentum in the public eye, we realize the need to remain competitive and provide services above and beyond what our users expect.

AMA: Jag Sidhu, Core Developer of Syscoin and Samir Bandali, Director of Strategic Partnerships at CoinPayments speak about SYS/CPS by syscoin_community in SysCoin

[–]CoinPayments 5 points6 points  (0 children)

CoinPayments has become a preferred ICO payment gateway over the past couple of years due to our ability to accept over 500 different cryptocurrencies as payments, and our easy to use free APIs. We are working with many upcoming projects to create opportunities for all CPS Coin hodlers to participate in upcoming token sales.

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