Eric_Stanek
Well-known Pivian
NOW Product Family Integration:
The priority of PIVX has shifted towards increasing awareness, and building Use Cases, in order to increase Adoption. A small part of that, is getting integrated on as many 3rd party wallets as possible. This gets PIVX exposed to people that use those wallets, and prefer to only use one app for holding their crypto. When researching 3rd party wallets, the NOW Wallet hit my radar.
Turns out, they are part of a group of offerings, called the NOW Product Family. I reached out to them, and a discussion took place on Telegram, with many other PIVians interacting as well. The entire discussion is shared in the #now_products channel in the PIVX Community Discord, under the Business Development category.
Here are the products/services we are primarily interested in:
Note that we also discussed the integration with Guardarian for a fiat <--to/from--> PIVX on/off ramp. (Visa, Mastercard, SEPA, Swift) But, while there is a strong relationship between Guardarian and NOW Products, they are a separate company. Further Guardarian integration is not a requirement for the NOW Products. As such, it will be discussed as a separate proposal at a future date.
Another issue, is that PIVX is already 'partially' integrated into ChangeNOW, NOW payments and Guardarian. What we are paying for is 'full' integration into those products. I will be brutally honest here .... after asking a few times for clarification, it is still not clear to me what the difference is. It feels like we are being asked to pay for features already existing. Hopefully, things will become clear in the feedback to this proposal. I can then incorporate that into the final proposal before submission to the network for voting.
The cost to get integrated into the above listed 4 products would typically be:
I encourage everyone to read through the entire conversation in the #now_products channel in the PIVX Community Discord. It would be a large amount of effort to summarize it all here.
Also, there is a video from a different crypto project with the Change NOW products team that is very helpful too. Please watch it as well. https://www.youtube.com/live/EyzuVaFUgW0?feature=share
If this project is submitted to the network for MNOs to vote on, and it passes and is funded, I don't see that there is much work at all for our development team. There would however be a lot of opportunities for Social and Marketing which is great.
There are many other perks too, like the opportunity for MyPIVXwallet (MPW) to integrate with the ChangeNOW exchange API, so that you could perhaps exchange from BTC to/from PIVX, or purchase PIVX using Visa/Mastercard, while staying in MPW. That feature is not the best for those focused on privacy, but is very important for on-boarding new users to PIVX with their first $20, $50 or $100 investment.
Assuming that the PIVX price stays at $0.40 USD, and that $45K USD is the best price they can offer, we are looking at a proposal of 112,500 PIV.
This is a complex proposal. Please, PLEASE, PLEASE review it in detail, and provide feedback! Even if you can't vote, you absolutely can complete some due diligence and provide feedback that can affect how a Masternode Owner will vote!
I am not expecting this proposal to be ready for the next Super Block, but it would be great if it is ready for the following Super Block in April.
Thanks in advance for your questions and constructive critique!
The priority of PIVX has shifted towards increasing awareness, and building Use Cases, in order to increase Adoption. A small part of that, is getting integrated on as many 3rd party wallets as possible. This gets PIVX exposed to people that use those wallets, and prefer to only use one app for holding their crypto. When researching 3rd party wallets, the NOW Wallet hit my radar.
Turns out, they are part of a group of offerings, called the NOW Product Family. I reached out to them, and a discussion took place on Telegram, with many other PIVians interacting as well. The entire discussion is shared in the #now_products channel in the PIVX Community Discord, under the Business Development category.
Here are the products/services we are primarily interested in:
| Product: | Website: | Description: |
| ChangeNOW | https://ChangeNow.io/ | No KYC and no limit crypto exchange. |
| NOW wallet | https://WalletNOW.app/ | Hold 40+ blockchains and 1,000's of tokens. |
| NOW payments | https://NOWpayments.io/ | Crypto payment processor for 3,000+ merchants. |
| NOW custody | https://NOWcustody.com/ | Secured storage serving 8 industries. |
Note that we also discussed the integration with Guardarian for a fiat <--to/from--> PIVX on/off ramp. (Visa, Mastercard, SEPA, Swift) But, while there is a strong relationship between Guardarian and NOW Products, they are a separate company. Further Guardarian integration is not a requirement for the NOW Products. As such, it will be discussed as a separate proposal at a future date.
Another issue, is that PIVX is already 'partially' integrated into ChangeNOW, NOW payments and Guardarian. What we are paying for is 'full' integration into those products. I will be brutally honest here .... after asking a few times for clarification, it is still not clear to me what the difference is. It feels like we are being asked to pay for features already existing. Hopefully, things will become clear in the feedback to this proposal. I can then incorporate that into the final proposal before submission to the network for voting.
The cost to get integrated into the above listed 4 products would typically be:
| Products: | Normal Cost: (USD) | Discounted Cost: (USD) |
| ChangeNOW + NOWcustody | $35,000 | $35,000 |
| NOW wallet | $15,000 | $10,000 |
| NOW payments | $5,000 | $0 |
Total: | $55,000 | $45,000 |
I encourage everyone to read through the entire conversation in the #now_products channel in the PIVX Community Discord. It would be a large amount of effort to summarize it all here.
Also, there is a video from a different crypto project with the Change NOW products team that is very helpful too. Please watch it as well. https://www.youtube.com/live/EyzuVaFUgW0?feature=share
If this project is submitted to the network for MNOs to vote on, and it passes and is funded, I don't see that there is much work at all for our development team. There would however be a lot of opportunities for Social and Marketing which is great.
There are many other perks too, like the opportunity for MyPIVXwallet (MPW) to integrate with the ChangeNOW exchange API, so that you could perhaps exchange from BTC to/from PIVX, or purchase PIVX using Visa/Mastercard, while staying in MPW. That feature is not the best for those focused on privacy, but is very important for on-boarding new users to PIVX with their first $20, $50 or $100 investment.
Assuming that the PIVX price stays at $0.40 USD, and that $45K USD is the best price they can offer, we are looking at a proposal of 112,500 PIV.
This is a complex proposal. Please, PLEASE, PLEASE review it in detail, and provide feedback! Even if you can't vote, you absolutely can complete some due diligence and provide feedback that can affect how a Masternode Owner will vote!
I am not expecting this proposal to be ready for the next Super Block, but it would be great if it is ready for the following Super Block in April.
Thanks in advance for your questions and constructive critique!
