INDIA'S FIRST TOKEN SALE - page 2. | Bitcointalksearch.org

legendster

hero member

Activity: 1778

Merit: 764

www.V.systems

Quote from: mihir on September 09, 2017, 07:13:25 PM

Quote from: legendster on September 09, 2017, 02:17:47 AM

I liked the idea. I go to your website and what's the first thing I see? Its on wordpress. I was turned off instantly. Second, I see you've used autogenerated passwords for profile and I couldn't find a way to change it. While its a good security measures for people who are not tech-lit but advanced users are going to be pissed off I am sure.

Also, try to make your content publicly available and not blocked from anyone that's not registered. Thats like being against the very DNA of the social change for everyone motto you guys are sporting.

WordPress was used to keep the timeline and the reach of the project in mind. After a successful crowdsale campaign, a proper website will be developed along with back end functionalities and the Indicoin platform incorporated in it. Also, all our content is available publicly on the website as well as on bitcointalk forum. You can view the all our posted content without registering. There must be a misinterpretation of facts. I would like to request you to go through our website, whitepaper and give your valuable advice and feedback.

No misrepresentation. I signed up like a few days ago and I could not browse the content of your posts because I was not logged in / registered.

Please fix it.

Would you be open towards divulging publicly how much money has gone into your project currently? Who are the current investors?

SimonJones

sr. member

Activity: 485

Merit: 250

It seems you're taking a big risk launching an ICO from India. It would be better to set up the company in another country and do the ICO if you are serious about the project because India has stricter capital controls compared to China and look at what China has done to ICOs.

mihir

full member

Activity: 160

Merit: 100

Quote from: iram3130 on September 08, 2017, 01:58:08 PM

Quote from: vrd on September 07, 2017, 01:33:11 AM

Quote from: bitcoinisbest on September 06, 2017, 11:35:38 PM

Recently China has just banned the sale of ICO and they have term this as an illegal . Do you think its a huge risk you have taken to bring this ICO in India at this juncture if Govt here follows or they will follow a ban of ICO. Because their simple question will be who gave you authority to take money from others? How well are you prepared for it and if Govt says to refund the money to all the investors back are you up for it?

Sir, we're working on this project for over an year now. Indicoin has became an integral part of every team member involved.
As for taking money from others, we are not dealing with INR or any other fiat currency, we are asking for a contribution in digital currency for which India has no regulation up until now. If for a chance, it will be banned up until or during the ICO, investors will be repaid in full, But what we feel this is not the case for India because,

Why China is cracking down on cryptocurrencies is obvious. US and some other democracies are doing the biggest ICOs in the world. AND THEY ARE CONTINUING WITH IT in some kind of regulated manner. China is a communist country, cryptocurrencies will free people of China's economic hold, which it can't allow. Communism is very strict with having state control over important items. That's why China also has many censorship laws.

Chinese users used Bitcoins to invest in foreign markets, which is somewhat prohibited in China and is allowed only under special conditions. Also, China aims to launch a cryptocurrency built by state to replace its other currency. So ICOs run counter to what it believes is its exclusive right.

Vrd
(Community Admin -Indicoin)

What if Indian government bans ICO's and sees it as a money laundering or mixing procedure for whales.? Everyone will be paid back.? Where the company is actually situated and licenced.?

We can see that the Indian government, like any government, is slow to recognize the impact of cryptocurrencies. But when it does, the system is expected to be mature and widespread. In case, the government does ban it. We'll refund the exact amounts to user wallets.
Also, we are still a bit unsure with what government regulations apply to us we're new but determined so we are still figuring that out.

iram3130

legendary

Activity: 1512

Merit: 1010

ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀

Quote from: vrd on September 07, 2017, 01:33:11 AM

Quote from: bitcoinisbest on September 06, 2017, 11:35:38 PM

Recently China has just banned the sale of ICO and they have term this as an illegal . Do you think its a huge risk you have taken to bring this ICO in India at this juncture if Govt here follows or they will follow a ban of ICO. Because their simple question will be who gave you authority to take money from others? How well are you prepared for it and if Govt says to refund the money to all the investors back are you up for it?

Sir, we're working on this project for over an year now. Indicoin has became an integral part of every team member involved.
As for taking money from others, we are not dealing with INR or any other fiat currency, we are asking for a contribution in digital currency for which India has no regulation up until now. If for a chance, it will be banned up until or during the ICO, investors will be repaid in full, But what we feel this is not the case for India because,

Why China is cracking down on cryptocurrencies is obvious. US and some other democracies are doing the biggest ICOs in the world. AND THEY ARE CONTINUING WITH IT in some kind of regulated manner. China is a communist country, cryptocurrencies will free people of China's economic hold, which it can't allow. Communism is very strict with having state control over important items. That's why China also has many censorship laws.

Chinese users used Bitcoins to invest in foreign markets, which is somewhat prohibited in China and is allowed only under special conditions. Also, China aims to launch a cryptocurrency built by state to replace its other currency. So ICOs run counter to what it believes is its exclusive right.

Vrd
(Community Admin -Indicoin)

What if Indian government bans ICO's and sees it as a money laundering or mixing procedure for whales.? Everyone will be paid back.? Where the company is actually situated and licenced.?

Anit

newbie

Activity: 9

Merit: 0

Quote from: vrd on September 07, 2017, 01:33:11 AM

Quote from: bitcoinisbest on September 06, 2017, 11:35:38 PM

Recently China has just banned the sale of ICO and they have term this as an illegal . Do you think its a huge risk you have taken to bring this ICO in India at this juncture if Govt here follows or they will follow a ban of ICO. Because their simple question will be who gave you authority to take money from others? How well are you prepared for it and if Govt says to refund the money to all the investors back are you up for it?

Sir, we're working on this project for over an year now. Indicoin has became an integral part of every team member involved.
As for taking money from others, we are not dealing with INR or any other fiat currency, we are asking for a contribution in digital currency for which India has no regulation up until now. If for a chance, it will be banned up until or during the ICO, investors will be repaid in full, But what we feel this is not the case for India because,

Why China is cracking down on cryptocurrencies is obvious. US and some other democracies are doing the biggest ICOs in the world. AND THEY ARE CONTINUING WITH IT in some kind of regulated manner. China is a communist country, cryptocurrencies will free people of China's economic hold, which it can't allow. Communism is very strict with having state control over important items. That's why China also has many censorship laws.

Chinese users used Bitcoins to invest in foreign markets, which is somewhat prohibited in China and is allowed only under special conditions. Also, China aims to launch a cryptocurrency built by state to replace its other currency. So ICOs run counter to what it believes is its exclusive right.

Vrd
(Community Admin -Indicoin)

Excellent explanation. Impressed by your macro knowledge.

vrd

member

Activity: 150

Merit: 13

Quote from: bitcoinisbest on September 06, 2017, 11:35:38 PM

Recently China has just banned the sale of ICO and they have term this as an illegal . Do you think its a huge risk you have taken to bring this ICO in India at this juncture if Govt here follows or they will follow a ban of ICO. Because their simple question will be who gave you authority to take money from others? How well are you prepared for it and if Govt says to refund the money to all the investors back are you up for it?

Sir, we're working on this project for over an year now. Indicoin has became an integral part of every team member involved.
As for taking money from others, we are not dealing with INR or any other fiat currency, we are asking for a contribution in digital currency for which India has no regulation up until now. If for a chance, it will be banned up until or during the ICO, investors will be repaid in full, But what we feel this is not the case for India because,

Why China is cracking down on cryptocurrencies is obvious. US and some other democracies are doing the biggest ICOs in the world. AND THEY ARE CONTINUING WITH IT in some kind of regulated manner. China is a communist country, cryptocurrencies will free people of China's economic hold, which it can't allow. Communism is very strict with having state control over important items. That's why China also has many censorship laws.

Chinese users used Bitcoins to invest in foreign markets, which is somewhat prohibited in China and is allowed only under special conditions. Also, China aims to launch a cryptocurrency built by state to replace its other currency. So ICOs run counter to what it believes is its exclusive right.

Vrd
(Community Admin -Indicoin)

bitcoinisbest

hero member

Activity: 1218

Merit: 557

Recently China has just banned the sale of ICO and they have term this as an illegal . Do you think its a huge risk you have taken to bring this ICO in India at this juncture if Govt here follows or they will follow a ban of ICO. Because their simple question will be who gave you authority to take money from others? How well are you prepared for it and if Govt says to refund the money to all the investors back are you up for it?

mihir

full member

Activity: 160

Merit: 100

Yes sir, This is me.

Rotten Egg

member

Activity: 178

Merit: 22

Quote from: mihir on September 06, 2017, 04:12:24 PM

Regards,
Mihir
Community Manager & Researcher
Team Indicoin

Is this u?

mihir

full member

Activity: 160

Merit: 100

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
Community Manager & Researcher
Team Indicoin

Topic: INDIA'S FIRST TOKEN SALE - page 2. (Read 1896 times)