PayPie (PPP) Analysis

Market Cap

$793,017 USD

Volume (24h)

$73 USD

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3.2

SAFETY

Ranking factors:

Markets

How many exchanges are there to trade this coin?

PayPie Markets Rank: 2/100
Volume Ratio

How actively is this asset being traded on the market?

PayPie Volume Ratio Rank: 1/100
Market Cap

The total cost of all coins available.

PayPie Market Cap Rank: 75/100
24h Change

Is the price moving up or down?

PayPie 24h Change Rank: 56/100
Social Following

How many users are following this coin?

PayPie Social Following Rank: 73/100
Google Trends

How many users are searching for the coin?

PayPie Google Trends Rank: 1/100
Twitter Citation

How many users are talking about this coin in Twitter?

PayPie Twitter Citation Rank: 1/100
User Voting

How popular is this coin among Cointobuy community?

PayPie User Voting Rank: 91/100

PayPie investment analysis

This is a decentralized accounting platform for businesses that can help analyze the credit risk of these institutions. Information such as this would be valuable to both investors and businesses in the space. Powered by the Ethereum blockchain, PPP will create a decentralized risk score that will be available to those interested in gathering risk data for various reasons such as loan applications, insurance or potential investments.

This project also acts as an immutable accounting ledger to provide transparency, and to allow for businesses to time stamp their entries for verifying authenticity. This system would eliminate the need for costly outside auditing services, allowing these organizations to provide their own audits to reduce their overhead.

It also provides a marketplace for investors to provide liquidity to companies or organizations using the platform based on tokenized risk data. A PayPie investment could be a very interesting one if you're at all interested in the future of peer to peer lending applications. Read on for a full analysis of the company and their underlying blockchain technology.

$0.009612

+410.4%

$0.049065

667/3184

by Safety

322/3184

by Profit

How to buy PayPie?

When it comes time for you to buy PayPie you will, unfortunately, find that there's only one option. This coin only has one exchange available, and if you want to make a trade then you will need Ethereum to do so as there are no other pairs. However, the volume seems decent enough, so it should be easy to acquire your tokens.

This is an Ethereum asset, and so you'll need an ERC20 compatible wallet in order to store your tokens safely. There are many, many options that will work equally well on this front, but a few fan favorites are My Ether Wallet, Ledger's hardware wallet option or Meta Mask for browsers. As always, never store your assets on an exchange, and be sure to backup your wallet file or seed phrase in a safe place for your protection.

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If we take a look at the PayPie analysis we can see that they have very good social trends data. This means that a good number of people are watching them on various social media platforms. However, their Google Trends aren't great when compared to other cryptocurrencies. They could stand to improve some in this area as investors are not actively looking for them as much as they should be.

However, PayPie presents an intriguing use for blockchain technology. Not only can businesses have a better way to store their data in a way that prevents errors, and preserves the integrity, but they can also use it to acquire capital. Many enterprises have the problem of needing to wait for a prolonged amount of time to be paid for their work.

By uploading their information to the PPP blockchain, these businesses have the opportunity to obtain much needed funding right now. That funding can be used to grow their operations and to cover expenses while they wait for their invoices from clients to be paid.

Those who would like to invest in PPP or the companies using their system can do so by utilizing tokenized data. Once the data for each company is tokenized it is assigned a risk score. Potential investors can then make offers on these tokens and extend credit to the business profiles that they favor. A blockchain verified invoice seals the deal, and then risk-based credit is extended to the company in question.

You can preview this by viewing their Alpha release of the platform, which is a stripped down version of the end product. It does, however, present real scores and data, which will be present in the final version. It looks quite similar to other P2P lending platforms such as Lending Tree.

CEO of PayPie, Nick Chandi is a serial entrepreneur, and the startup he founded actually provides accounting software to SMEs in over a 130 countries. This means that not only do they already have an alpha release but also a potential user base waiting to use their new product.

While they are not the only blockchain company looking at creating immutable accounting ledgers, that combined with their risk assessment scoring is interesting.

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