Flyp.me, an instant crypto exchange quietly launched back in June with 13 cryptocurrencies and 169 conversion combos. Tomorrow they will begin the next stage of development starting their token sale.
The company has been running a presale for native FYP token which is now ending. Now, the public sale starts and will offer token holders diversified benefits, one being profit share on fees generated. The service was by the team of Luxembourg-based HolyTransaction, the first web wallet to support Ethereum, one of the first multi-currency wallets and the oldest still active.
At present, the exchange is fully working, maintains competitive exchange rates with privacy as a key feature. Anyone can instantly exchange 13 cryptocurrencies direct to their wallet. There is no need for any registration, email or ID verification: only a user’s wallet address is needed.
Private by design, users are always in control of their data. 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. Flyp.me keeps its own reserve funds for each token supported which makes the exchange so fast.
To rebalance the power between users of an exchange and the exchange itself, and because it is just an attractive offer, Flyp.me will share 50% company profits with token holders and implement a distributed policy-making model to enable token holders to propose new features or coin additions, vote for key decisions and audit volumes.
The exchange boasts a permissionless API that already enables businesses and developers anywhere to accept payments in BTC, ETH, LTC, ZEC, DASH, FAIR, GAME, DCR, SYS, PPC, DOGE, BLK, GRC. There is no need for a user ID to experiment and integrate Flyp.me because the company believes in the freedom to explore new technologies without seeking prior approval.
Initial Token Sale
Flyp will be starting its ICO, Thursday, September 28, 2017. The objective is to fund the decentralization of the exchange, to drive its adoption and increase the reserves of each cryptocurrency. FYP tokens are ERC20-based and every FYP token is divisible, equal to each other and has exactly the same qualities, properties, and characteristics. After the ICO period will end, no additional FYP will be created.
The company roadmap includes R&D for 2nd layer solutions, the integration of decentralized asset platforms and cryptographic auditing. The funds were decided to be raised publicly as Flyp.me is committed to supporting the crypto community and opposes centralization by the few powerful players who are increasingly pushing their own agenda.
Francesco Simonetti, Flyp.me CEO says:
“Flyp.me is designed for anyone who wants to exchange crypto instantly without the hassle of registration, email or ID verification. An exchange that is fast, truly private and secure. You control your funds and data. We only ask the address where you want your exchanged crypto to be received. It is as simple as that.”
Time will tell if Flyp will develop into a reliable, long-standing service delivering innovations and tools for crypto conversions, more features of the exchange can be found in their whitepaper.