Thanks in advance!
Topic: [ANN] TagCoin - Multi Token Wallet and Trading Platform - page 135. (Read 301292 times)
ID 12830
Thanks in advance!
Thanks in advance!
First ten TAG ID posted here will get 1 tagcoin each sent to their tagbond wallet. 
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Very generous of you, would like to see how this works inside TagBond
ID 4201
Sent. Please confirm if you received it. This is my first time sending it.
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ID 4284
First ten TAG ID posted here will get 1 tagcoin each sent to their tagbond wallet.
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We are not a US based company with no banking there, so really if a state wants to go to court they have to come to us here in the Philippines, and they won't do that till we are big enough to matter. At that point the business will be big enough for us to take on MTL in all states or to work with a partner who will handle that for us - We take our AML/KYC seriously, and have registered with Fincen already, but don't want to be hamstrung by different states as we start to build our business.
We did try to work with existing companies that license their MTL, but they are all avoiding anyone who handles crypto currency as part of their business. Not surprising since they are tied so closely with credit card companies and banks that don't want to risk what they have. I am willing to risk a bit, but just like Square, there comes a time to bite the bullet and become licensed if it is worth it. If not then we just disable certain features of money transfer for USA citizens. We are some way off that point at the moment.
However, this is worthy of discussion - when we decide to go that route, anyone know truly how much it costs? - I have heard anything from 150k if you do it yourself to 25m if you use lots of lawyers and have no business background..:-) - I have a feeling that a lot of lawyers tend to make it sound really difficult so as to pump up their fees...
We did try to work with existing companies that license their MTL, but they are all avoiding anyone who handles crypto currency as part of their business. Not surprising since they are tied so closely with credit card companies and banks that don't want to risk what they have. I am willing to risk a bit, but just like Square, there comes a time to bite the bullet and become licensed if it is worth it. If not then we just disable certain features of money transfer for USA citizens. We are some way off that point at the moment.
However, this is worthy of discussion - when we decide to go that route, anyone know truly how much it costs? - I have heard anything from 150k if you do it yourself to 25m if you use lots of lawyers and have no business background..:-) - I have a feeling that a lot of lawyers tend to make it sound really difficult so as to pump up their fees...
@MobGod 5k?...
The requirements of the Bangko Sentral here in the Philippines for our Electronic Money License requires 100m Pesos, which converts to about USD $2.3m (You can always check Tagcash Ltd with the SEC here). We need this to operate legally and offer the cash and crypto wallet system to the Philippines, which we are also offering worldwide. If anyone knows of GCash and Smartmoney (similar to MPesa in Kenya), then you will know what we are working on.
We are developing the Tagcash.net crypto exchange which should launch soon, and working with the Central Bank here to make sure that regulations are created and adhered to. The laws are quite strict, and offers protection for our customers in a way that other exchanges are not bothering with. All deposits have to be ringfenced and audited often to make sure balances in real funds are equivalent to our Tagbond balances - that goes for crypto as well, most of which will be held in cold storage in bank vaults.
So no, not a small investment..:-) I would like to support stable and supported crypto currencies via the Tagbond and Tagcash platforms, and this forum currently serves as a way to educate myself and others to make sure we do it right.
I understand but don't you need to also file in every state in the U.S. ? The requirements of the Bangko Sentral here in the Philippines for our Electronic Money License requires 100m Pesos, which converts to about USD $2.3m (You can always check Tagcash Ltd with the SEC here). We need this to operate legally and offer the cash and crypto wallet system to the Philippines, which we are also offering worldwide. If anyone knows of GCash and Smartmoney (similar to MPesa in Kenya), then you will know what we are working on.
We are developing the Tagcash.net crypto exchange which should launch soon, and working with the Central Bank here to make sure that regulations are created and adhered to. The laws are quite strict, and offers protection for our customers in a way that other exchanges are not bothering with. All deposits have to be ringfenced and audited often to make sure balances in real funds are equivalent to our Tagbond balances - that goes for crypto as well, most of which will be held in cold storage in bank vaults.
So no, not a small investment..:-) I would like to support stable and supported crypto currencies via the Tagbond and Tagcash platforms, and this forum currently serves as a way to educate myself and others to make sure we do it right.
@MobGod 5k?...
The requirements of the Bangko Sentral here in the Philippines for our Electronic Money License requires 100m Pesos, which converts to about USD $2.3m (You can always check Tagcash Ltd with the SEC here). We need this to operate legally and offer the cash and crypto wallet system to the Philippines, which we are also offering worldwide. If anyone knows of GCash and Smartmoney (similar to MPesa in Kenya), then you will know what we are working on.
We are developing the Tagcash.net crypto exchange which should launch soon, and working with the Central Bank here to make sure that regulations are created and adhered to. The laws are quite strict, and offers protection for our customers in a way that other exchanges are not bothering with. All deposits have to be ringfenced and audited often to make sure balances in real funds are equivalent to our Tagbond balances - that goes for crypto as well, most of which will be held in cold storage in bank vaults.
So no, not a small investment..:-) I would like to support stable and supported crypto currencies via the Tagbond and Tagcash platforms, and this forum currently serves as a way to educate myself and others to make sure we do it right.
The requirements of the Bangko Sentral here in the Philippines for our Electronic Money License requires 100m Pesos, which converts to about USD $2.3m (You can always check Tagcash Ltd with the SEC here). We need this to operate legally and offer the cash and crypto wallet system to the Philippines, which we are also offering worldwide. If anyone knows of GCash and Smartmoney (similar to MPesa in Kenya), then you will know what we are working on.
We are developing the Tagcash.net crypto exchange which should launch soon, and working with the Central Bank here to make sure that regulations are created and adhered to. The laws are quite strict, and offers protection for our customers in a way that other exchanges are not bothering with. All deposits have to be ringfenced and audited often to make sure balances in real funds are equivalent to our Tagbond balances - that goes for crypto as well, most of which will be held in cold storage in bank vaults.
So no, not a small investment..:-) I would like to support stable and supported crypto currencies via the Tagbond and Tagcash platforms, and this forum currently serves as a way to educate myself and others to make sure we do it right.
Good to hear there is finally coin dev with serious business activity.
@MobGod 5k?...
The requirements of the Bangko Sentral here in the Philippines for our Electronic Money License requires 100m Pesos, which converts to about USD $2.3m (You can always check Tagcash Ltd with the SEC here). We need this to operate legally and offer the cash and crypto wallet system to the Philippines, which we are also offering worldwide. If anyone knows of GCash and Smartmoney (similar to MPesa in Kenya), then you will know what we are working on.
We are developing the Tagcash.net crypto exchange which should launch soon, and working with the Central Bank here to make sure that regulations are created and adhered to. The laws are quite strict, and offers protection for our customers in a way that other exchanges are not bothering with. All deposits have to be ringfenced and audited often to make sure balances in real funds are equivalent to our Tagbond balances - that goes for crypto as well, most of which will be held in cold storage in bank vaults.
So no, not a small investment..:-) I would like to support stable and supported crypto currencies via the Tagbond and Tagcash platforms, and this forum currently serves as a way to educate myself and others to make sure we do it right.
The requirements of the Bangko Sentral here in the Philippines for our Electronic Money License requires 100m Pesos, which converts to about USD $2.3m (You can always check Tagcash Ltd with the SEC here). We need this to operate legally and offer the cash and crypto wallet system to the Philippines, which we are also offering worldwide. If anyone knows of GCash and Smartmoney (similar to MPesa in Kenya), then you will know what we are working on.
We are developing the Tagcash.net crypto exchange which should launch soon, and working with the Central Bank here to make sure that regulations are created and adhered to. The laws are quite strict, and offers protection for our customers in a way that other exchanges are not bothering with. All deposits have to be ringfenced and audited often to make sure balances in real funds are equivalent to our Tagbond balances - that goes for crypto as well, most of which will be held in cold storage in bank vaults.
So no, not a small investment..:-) I would like to support stable and supported crypto currencies via the Tagbond and Tagcash platforms, and this forum currently serves as a way to educate myself and others to make sure we do it right.
The dev cant stop it.. I am saying the parameters of the coin is such that is conducive to a pump and dump nature. The coin is artificially inflated right now because someone is holding a bag knowing that it takes 200 confirms b4 anyone gets paid. it was released sunday and it takes almost 2 days to get your coins.. ergo the past 2 days the network is growing with miners thinking they will get a big payday not realizing it will take them 2 days to see their first coin. and after the initial dump from all the heavyweights all the small miners and the late miners wont get shit. and the people who set their buy orders too high because of an artificial void in the market will get screwed out of their BTC.
I don't necessarily agree with this, while the "big" miners are going to dump, a lot of people know that Tagbond needs to buy these coins back to sell to vendors, and thus imo are inflating the price.
we will see ..... I guess if this price sustains past the weekend I have some ass to kiss .. but to me it has a big beacon screaming noob trap. Like I said i am not dissing this guys business model he has a good vision. I just think that there is some blindsiding going on with the day and a half wait to get a coin. and the 2 hour 25% adjustments.. it seems to me the people who are defending (i may be wrong) have a lot of hash power like Magnet so they are making money anyway.. why wouldnt they stick up for the coin.. they make more the longer people keep the bubble going.
I don't stick up for the coin.
I said: "Everyone has the free choice to buy/sell or mine a coin. If you don't like it, don't mine it."
And if you point at my signature: I support the person running the Cryptominer.net pools.
200 confirms is normal for a PoS/PoW Coin - some are higher at 500, and some lower at 120.
As for me buying back coin, not strictly true, I can reward with any coin, but certainly we will be asking advertisers to pay for advertising in TAG and they will have to buy it on the open market, including our own exchange. But it will be some time before there are enough advertisers on board that want to spend to promote what they have. I am not too worried about that, as I have said before this is not a short term thing. Like any good business it needs to build.
As for me buying back coin, not strictly true, I can reward with any coin, but certainly we will be asking advertisers to pay for advertising in TAG and they will have to buy it on the open market, including our own exchange. But it will be some time before there are enough advertisers on board that want to spend to promote what they have. I am not too worried about that, as I have said before this is not a short term thing. Like any good business it needs to build.
The dev cant stop it.. I am saying the parameters of the coin is such that is conducive to a pump and dump nature. The coin is artificially inflated right now because someone is holding a bag knowing that it takes 200 confirms b4 anyone gets paid. it was released sunday and it takes almost 2 days to get your coins.. ergo the past 2 days the network is growing with miners thinking they will get a big payday not realizing it will take them 2 days to see their first coin. and after the initial dump from all the heavyweights all the small miners and the late miners wont get shit. and the people who set their buy orders too high because of an artificial void in the market will get screwed out of their BTC.
I don't necessarily agree with this, while the "big" miners are going to dump, a lot of people know that Tagbond needs to buy these coins back to sell to vendors, and thus imo are inflating the price.
we will see ..... I guess if this price sustains past the weekend I have some ass to kiss .. but to me it has a big beacon screaming noob trap. Like I said i am not dissing this guys business model he has a good vision. I just think that there is some blindsiding going on with the day and a half wait to get a coin. and the 2 hour 25% adjustments.. it seems to me the people who are defending (i may be wrong) have a lot of hash power like Magnet so they are making money anyway.. why wouldnt they stick up for the coin.. they make more the longer people keep the bubble going.
Just seeing this coin now, looks pretty cool for sure
I dont get Jaco, how dev can degrease mining power or stop big miners dump? there is no even any dev pump orders.
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The dev cant stop it.. I am saying the parameters of the coin is such that is conducive to a pump and dump nature. The coin is artificially inflated right now because someone is holding a bag knowing that it takes 200 confirms b4 anyone gets paid. it was released sunday and it takes almost 2 days to get your coins.. ergo the past 2 days the network is growing with miners thinking they will get a big payday not realizing it will take them 2 days to see their first coin. and after the initial dump from all the heavyweights all the small miners and the late miners wont get shit. and the people who set their buy orders too high because of an artificial void in the market will get screwed out of their BTC.
@ kelsey - lol, fair enough comment - why don't you actually visit http://vtc.com and watch a few videos to learn some new software. There's 100,000 videos covering over 1,000 subjects and we do a title every 5 days or so (about 8 to 10 hours of video). Not charging BTC or TAG yet, thats in the works.
http://zeresoft.com/
http://tagbond.com/
Guys - The "alt coin" is just a small part of the business, that makes it easier to transfer currencies.
Do research on who Mark (a Real life VC) is and what he has done and what TagBond is. Some of you may have used his past software training at VTC.
http://tagbond.com/
Guys - The "alt coin" is just a small part of the business, that makes it easier to transfer currencies.
Do research on who Mark (a Real life VC) is and what he has done and what TagBond is. Some of you may have used his past software training at VTC.
as long as that "research" extends futher then the pages and profiles he wrote
Well..it won't be us inflating it, there is no point. We don't hold any more coins than the small premine that we are giving away via tagbond, and that won't last long if I let certain chinese scammers run with it...
So if you find out who is inflating the price, let me know..
speaking of giveaways where is the Tag you were offering to register with your site?So if you find out who is inflating the price, let me know..
I never got any of that either.
TA3xPUJxDv4XCFVQd1J8dmnqeqw3pD9HgG
@jackofall1232 - I read your comments and as always, everyone is entitled to their opinion. But perhaps along with your criticism, you can tell us what YOU are doing to make your favorite coin of choice fit in with the real world.
Like I said I have no interest in any schemes to make short term gain. If miners or other parties want to do that I have no control of it.
My goal is to build Tagbond Rewards Platform, the exchange and the payment system that can eventually rival Groupon and Paypal. TagCoin is what I wanted to use for our own advertising income, and to use as a universal rewards currency. It would be in my best interest to keep the price low AND stable, as I need to buy it on the open market when we really start rolling and advertisers, customers would want to know what they can buy with it etc.
As for other crypto, we are adding what we think are good, supported currencies, so they can be used within the platform and traded on the exchange when we launch it. I saw your comments about ANC - perhaps you can tell me why you think I might add that to the platform?.. We are looking for stable, long term coins, not wild in pricing, with some community support for using, promoting and developing it. The platform we are building allows the use of coins, as well as Fiat, to be given as rewards, used for ecommerce, payments etc via the site and the API..
Like I said I have no interest in any schemes to make short term gain. If miners or other parties want to do that I have no control of it.
My goal is to build Tagbond Rewards Platform, the exchange and the payment system that can eventually rival Groupon and Paypal. TagCoin is what I wanted to use for our own advertising income, and to use as a universal rewards currency. It would be in my best interest to keep the price low AND stable, as I need to buy it on the open market when we really start rolling and advertisers, customers would want to know what they can buy with it etc.
As for other crypto, we are adding what we think are good, supported currencies, so they can be used within the platform and traded on the exchange when we launch it. I saw your comments about ANC - perhaps you can tell me why you think I might add that to the platform?.. We are looking for stable, long term coins, not wild in pricing, with some community support for using, promoting and developing it. The platform we are building allows the use of coins, as well as Fiat, to be given as rewards, used for ecommerce, payments etc via the site and the API..
Ok maybe there is something lost in translation here. I am not saying your business model is bad. I am simply saying that the coin is WAY overvalued right now. also it seems to me that your current model for the coin promotes an atmosphere for pump and dump activity, not stability. All I am saying is this coin needs a major adjustment or it WILL be worthless. The only people who are benefiting from this is the big miners. They are the ones reaping the rewards. I don't know how deep your investors pockets are but eventually they will not be able to sustain these prices. If I were to guess the correction will come sometime this weekend.. there is probably a hype campaign planned for it as well. I wish you well and I would like to see you succeed but be honest with people or hang it up. You know the coin is overvalued right now and sitting on a huge bubble ready to pop, but you refuse to admit it. When you play games like that it makes people lose faith in your brand.
I dont get Jaco, how dev can degrease mining power or stop big miners dump? there is no even any dev pump orders.
And that is maybe there are better business minds out there that can let me know what I am doing wrong.
Let me see...hmm throwing a shitcoin in an already flooded shitcoin market
miners will only mine it too dump
And initially putting up USD $5m of my own own money to fund growth of Tagbond.
Sure you did
but if u actually were that dumb well you started in the wrong place.And initially putting up USD $5m of my own own money to fund growth of Tagbond.
Sure you did
but if u actually were that dumb well you started in the wrong place.Jump to: