Topic: ICO scene in India (Read 727 times)

Never heard about this project at all and there wont be any crypto related projects coming out of the country as there is no regulations and there is no clarity on how the government is going to deal with this market, the only things that are coming out are scams and it looks like a scammers heaven and you cannot trust any crypto related projects coming out from India even if they are registered in Hong Kong or Singapore as i have not seen any legit projects which are useful and meaningful.

Swachh Coin came up with ICO in India.

Yes because there are too much scams in market and ICO's are not regulated , and doing business in India is already tough due to legal and compliance issues.

ICOs are rare from Indian, most of them are scammers. I had recently taken part in the private sale of SpringRole ICO.

I believe SpringRole is backed by a great team. Public ICO will begin soon.
Check out https://springrole.com/token-page.html

But I have a doubt. Why should government be strict against ICO team in India? If they pay tax properly then why should government trouble the ico team? I cant understand why people are saying starting ICO from India is not allowed. Can someone explain this clearly.

Someone investing in ICOs anyway would know the risks involved, so they need not worry. The ICO developers on the other side might also be prepared for the wrath if that happens. I am sure the ICOs are ready to shift their locations to outside the country if the regulations are tough, though I am hopeful it won't be too harsh.

Guys, this may be a great news for us.
Despite the RBI’s circular banning banks, payments companies and NBFCs from dealing with cryptocurrency entities and the matter being under subjudice, dozens of crypto companies are about to launch their operations in India. Now, Malaysia-based cryptocurrency company Belfrics Group has resumed its trading operations in India.

There are few wxamples, otppay, enlte, enkudu

Banning crypto India will pull India down from the finance battle. As the story of raising funds of startup is completely changes now. Instead of looking for angle investor, now founders have to launch ICO and investor from across the globe will contribute if they found it suitable for investment. An example of this is OTPPAY, where they are developing a paytm like app for paying in cryptos.

Another benefit is, these ICOs products are global so these products can make image of country globally. and the base of ICO is cryptocurrency.

Yes, correct. Even zebpay is officially registered from Singapore . Its most preferred place for crypto

I have recently come across Swachhcoin, and moolyacoin; two ICOs based in India, and with their team comprised entirely of Indians, except the advisors and investors of course. You can search Google for their websites and WhitePapers, but I'm personally impressed by both of them, and particularly so by the moolyacoin Whitepaper.

As to how it's possible for them to operate out of India, given the current restrictive Indian scenario, it would be best to ask them that question.

in india people are not interesting on investment on ico project

I joined this one ALLOY which is from bangalore and closed  out.

I have collected some important info from this ICO and I would like to share it with you.

The Vision of ARTNOY ICO http://www.artnoy.com/

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The vision of ArtNoy is to contribute to the global art community’s growth and
sustainability by supporting the art market and igniting smart contracts through
blockchain Html and Java-based art-to-collector trading. ArtNoy strives to serve
the art industry and the global community of artists and art lovers by creating
such an ecosystem. This will undoubtedly continue to make the art industry grow
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We will give direct access to the cryptocurrency for the new cryptocurrency
owners direct access to invest in art. ArtNoy will ensure that agreements between
individuals, galleries, auction houses, and museums will be safe and easy to make
while improving efficiency.
The art industry is however in desperate need of fair and open
marketplaces that create liquidity and transparency. The art industry is struggling
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problem of unorganized access to information, trading of art pieces at outdated
venues and manual sales which could take weeks before it is completely processed.

Contact Details

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Right now the situation is not that great after the circulation of RBI about the use of INR and so we are not able to deposit any amount to exchanges and so we are not able to invest in any recent ICO, i can invest with unocoin but their buy rate is much higher than the rest of the market, hopefully these restriction will be removed because as an investor we know the risk and the government has no right to dictate things.

ico are legal in India Sebi gave serious warnings no Indian can run or collect funds in the form of icos in india Indians  should be careful in ico projects hereafter

ICOs may not be tied to any country, but investors certainly do. No ICO will want American investors and will want to avoid dealing with the SEC. It will soon be a similar case with India as well.

Currently, there's simply no way in which you can launch an ICO from India. Even if somebody did so, there are so many legal uncertainties, its guaranteed to end in tears.

Any ICO launch requires almost a couple of million US dollars. If you, and/or your investors commit this much money, why not add less than one hundred thousand more that relocating to Singapore/ Cyprus/ Malta/ Estonia may cost; especially when the outcome is peace of mind, and a proper sense of the regulatory space?!

That said, you can do a pre-launch from India, and attract traction and investment for a proper ICO launch later, based in any of these non-Indian locales, or tonier places like Switzerland, New Zealand, Australia, Canada, etc.

This pre-launch would need to be more in the form of a pre-token/ pre-coin, and more like 'User Points'.  Will affect your credibility a bit, but if you garner traction, there's always the rosy future of a proper ICO from a 'proper' ICO-friendly location.

ICO must not be a country specific.
Majority of ICO created by Indian are launched from Singapore or Hong Kong, where tech regulations are there.
India is a land of uncertainty for ICO's.

 Very respectful topic but I thing Indian member is not so active becos many mlm companies are proud in Poor people and government are no interest in and few member are evolved cryto market due to low knowledge, language mismatch and finally bitcointalk seniors member are not copparete new members and he is also decreased by both government and senior label members, I thing what ever we trust ico so ratings are low in india, people are thing Sama as mlm and ico. Thank's

Wandx, an indian exchange had a successful ICO.

Hello,

I'm from India and along with my team I'm working on a project named INDICOIN: BLOCKCHAIN REDEFINING SOCIAL SERVICE.
This will mark the first TOKEN SALE/ICO from India. We are a team of developers working round the clock to make our project one of its kind.

Please read our ANN thread on bitcointalk: https://bitcointalk.org/index.php?topic=2142084.
Also, spare some time to read our whitepaper (also available in ANN): http://www.indicoin.org.in/wp-content/uploads/2017/09/Indicoin-Whitepaper-1.pdf
Visit our website at www.indicoin.org.in
I'm sure you'd like our idea and concept.

Please give us your valuable feedback. We really need your support.

Regards,
Mihir
Team Indicoin

I am from india, and I very often invest in ICO. and also I see most teams from bitJob are Indian, I also want to support the project

It's better we don't see any ICO's in India before any law and regulations made by the government. There is 99% possibility of scamming, money laundering.

I have not found any ICO beings launched by any of the Indian companies yet. I think since Indians have not launched their own coin yet due to which their is no ICO as of now. Also China has ban the ICO happening in their country citing reasons as it is illegal and all who have raised ICO for their coins are asked to reverse the money to investors back.

How is the ICO scene in India? Are people investing in ICO's and also any local ICO out there or coming up?