Based on this pdf that provided by clickgem :
https://www.clickgem.com/uploads/attachments/clickgem-legal-documents.pdfI did a research to find out if this info is real or not.
Since that document tell us that they get Certificate of incorporation from Belize city , I went to
http://companysearch.bz/public_search/ which is a website that allows you to check if a certain company really registered in Belize.
Result : There is a company called CLICKGEM INC with registration number ( #169551 ) and its status is active.
Notice : Unfortunately, info is protected and I didn't find any details of the beneficial owner, all personal information remains on file only with the Registered Agent.
After that, I did a research about Belize IBC [ BELIZE INTERNATIONAL BUSINESS COMPANY ]. In simple words, Belize allows anyone around the world to open offshore company with a tax-free. That can be done in 24h through online website for $640 (
www.apintertrust.com [ by the way this website also allow to Belize Forex Licence for $32,390, So I can understand where the idea of mixed trading platform for forex and crypto came from ! ] ).
I didn't give my personal opinion in this research, So it's up for everyone to check those info and make his point of view based on that, I provided the link to every info I wrote.
Great job friend, I appreciate it. Actually I also wanted to search about it, but I was too lazy
You delivered great news, but most of the people didn't understand again what you mean, because you didn't give your personal opinion.
So this show us, how easy it is to make most of the people believe that they have a registration in a counrtry and they are legit.
But if this registration is so easy to make; in just 24h and only $640; this explain to me that we are going to see more fake ICOs with those kind of registrations in near future.
Yep, I didn't give my opinion in that reply because I wanted to deliver just the result of my research and make anyone use those info to have a point of view, but lots of people didn't read research carefully and they saw that as big prove that this ICO is legit (over-reacted).
If you read that document, you find that the company has been opened to do normal business and not ICOs ! they didn't define the type of business that the company does, but they mentioned the company shouldn't do any business that is not legal in Belize.
Second things, it's like a virtual company, there is no real office, it opened through internet, but it's still a company under the law of belize although we can not know who the owner which is not good ( $640 is just money to open the company for you, it requires adding specific amount in your bank account that open for you in Belize).
Through that research, we only know that Certificate of incorporation that they provided is real, we find out how they created the company and that the authorized share capital of Clickgem company is $50,000, also we found answer to our previous question, why the guy they mentioned in the post on telegram is from Vietnam and the company is in Belize.
Back to question : Is this project legit or not?
For me it's not only about legit and scam, it's also about knowing if the project is good business or bad in order to invest or not. Therefore, I still think that revealing the team members identity is required for this type of business, we need to know if they can deliver the products and implement the roadmap, plus they need to deliver quality product and not creating a joke and called it exchange then asking people to trade !
I when read the roadmap then log in to the platform, I feel there is no hope to see anything of those stuff in future. There is big gap between what we see in the roadmap of services that requires lots of money and big team, lawyer to achieve and the website
Agree with you exactly...
And this explains why they choose a south american country to register their company. May be we should give more information about Belize:
Belize formerly British Honduras, is an independent Commonwealth realm on the eastern coast of Central America. Belize is bordered on the north by Mexico, on the south and west by Guatemala, and on the east by the Caribbean Sea.
And just guess, which country is near Belize? PANAMA -
Do you realize something? Well, when I was working as network marketer, I have seen so many companies registered in PANAMA, even they organized everything mostly from their origin european countries. But why? ;
1. If project is not successful, they do not need to stand by their words and promises, they close the website and it's done.
2. You can not identify the real owner of the company
3. You can scam people easily, without having legal problems and your money is in good hands in Panama and co.
4. You don't need to pay any taxes for your funds.
People open offshore company because it's easy and cheap and with less tax.
Scam : When you have no intention to set up the business at all, you just collect money and run away in some point.
Legit : When you have intention to set up the business, you do everything you can, but you may failed.
All projects may failed in long term even if they build the platform and that's Why I said, it's not just about legit and scam.
When you invest, you should be sure that the project will be capable to run for long time, because we only buy token or coin and it can lose its value if the company failed.