have already collected a considerable sum of 10.5 million dollars so i suppose they will easily reach the cap of the pre-sale, this result means that the project is valid and interesting and investors believe in it, personally do not like the kyc applied to the icos for me is an invasion of privacy
Topic: [SELFKEY] ID Wallet for Citizenship, Incorporation, Fintech, Banking, Exchanges - page 50. (Read 37546 times)
December 17, 2017, 07:43:26 AM
December 17, 2017, 07:37:47 AM
I just went to check the counter on the website and more than $10 million is already raised! That is almost never happening these days, such a success, and it's just a presale.
10m USD?!?! That's sick!
They have a pre-sale cap which is 15.840.000$, with this speed it will probably reach it before it ends on 24th of December. It is now $10.537.422$
Indeed, already collected more than 10.5 million dollars. Even somehow unexpected. Although we must take into account that now the cost of ETH is more than $ 700.
Yeah but we have also take into account that ETH price could also go back to for example 500$ or so, which would reduce the amount of money.
But I am sure they will raise much more, this is a really useful project for crypto related stuff, so a lot of investors (not just for Selfkey) should be interested in this.
December 17, 2017, 05:39:31 AM
what is the KYC for?
If a Singapore citizen participate in this ICO and made some profit, will he have to declare income tax?
If a Singapore citizen participate in this ICO and made some profit, will he have to declare income tax?
I dont know about singapore specifically, but that is what governments usually try to achieve, yes.
And it's also true, that KYC is a tool for the government to keep better track of profits made in cryptos.
I imagine that is a way to contrl how much is spent so they eventually will generate a tax on it, they need to get an idea for that, if not they won't be able to properly regulate it.
KYC applied in crypto is at the moment an initiative at self regulation in order to avoid governments crackdown on operations.
Thanks for all your help.
I asked this question for my friend who is a Singapore citizen.
He just wanna make sure that participating this ICO won't involve any tax issue.
A more general question:
Is income from cryptocurrency trade taxable in Singapore?
I dont think so. It can only be taxable if you include it in your financial statements that you will submit to your goverment's internal revenue service.Imho.
December 17, 2017, 07:27:09 AM
I just went to check the counter on the website and more than $10 million is already raised! That is almost never happening these days, such a success, and it's just a presale.
10m USD?!?! That's sick!
They have a pre-sale cap which is 15.840.000$, with this speed it will probably reach it before it ends on 24th of December. It is now $10.537.422$
Indeed, already collected more than 10.5 million dollars. Even somehow unexpected. Although we must take into account that now the cost of ETH is more than $ 700.
Yeah but we have also take into account that ETH price could also go back to for example 500$ or so, which would reduce the amount of money.
But I am sure they will raise much more, this is a really useful project for crypto related stuff, so a lot of investors (not just for Selfkey) should be interested in this.
December 17, 2017, 07:19:56 AM
I just went to check the counter on the website and more than $10 million is already raised! That is almost never happening these days, such a success, and it's just a presale.
They dont have limit tokens mount for pre-sale? It can be finished on pre-sale?
I think that's wrong. Then it's most likely whales that got everything and there's a crooked distribution.
But it is possible. ICON was sold out on presale #1 of the planned 3 presales.
If they are whales, they will sell after the ICO and lower the price of the tokens, since the bonus is now 30%. As it happens in most cases, when large bonuses are given for sale.
Not necessarily just whales and even if they are, they might not sell right after the ICO ends. SelfKey is a good project, one of rare, so I would say it's worth holding. And 30% bonus is not an extremely high one, there many icos out there with much higher, insane bonuses.
whales don't tend to sell out after ICO. only bounty hunters do. I'm not worried about wales.
Just whales always drop prices after the ICO. The proportion of tokens from the bounty is usually negligible from the total amount to drop the price. And whales have huge bonuses and can easily dump large amounts a little more than they bought themselves, but are cheaper than the price of an ICO.
December 17, 2017, 07:14:32 AM
what is the KYC for?
If a Singapore citizen participate in this ICO and made some profit, will he have to declare income tax?
If a Singapore citizen participate in this ICO and made some profit, will he have to declare income tax?
It depends on your country. In Europe BTC is seen as a currency and you don't have to pay taxes on currencies imo.
December 17, 2017, 07:13:07 AM
Can you send me the link to your bounty campaign. Thanks
December 17, 2017, 07:00:14 AM
what is the KYC for?
If a Singapore citizen participate in this ICO and made some profit, will he have to declare income tax?
If a Singapore citizen participate in this ICO and made some profit, will he have to declare income tax?
It depends on your country. In Europe BTC is seen as a currency and you don't have to pay taxes on currencies imo.
December 17, 2017, 06:41:51 AM
what is the KYC for?
If a Singapore citizen participate in this ICO and made some profit, will he have to declare income tax?
If a Singapore citizen participate in this ICO and made some profit, will he have to declare income tax?
It depends on your country. In Europe BTC is seen as a currency and you don't have to pay taxes on currencies imo.
December 17, 2017, 06:41:27 AM
Pre-sale is going amazing for selfkey i think.
The thing is when i invested a project i love it pass soft cap barely so with it market cap would be lower and easily can make a 10x or more.
But also having more fund is making things faster so in long-term price can go higher in short term so this is ok too.
The thing is when i invested a project i love it pass soft cap barely so with it market cap would be lower and easily can make a 10x or more.
But also having more fund is making things faster so in long-term price can go higher in short term so this is ok too.
December 17, 2017, 06:41:17 AM
I just went to check the counter on the website and more than $10 million is already raised! That is almost never happening these days, such a success, and it's just a presale.
They dont have limit tokens mount for pre-sale? It can be finished on pre-sale?
I think that's wrong. Then it's most likely whales that got everything and there's a crooked distribution.
But it is possible. ICON was sold out on presale #1 of the planned 3 presales.
If they are whales, they will sell after the ICO and lower the price of the tokens, since the bonus is now 30%. As it happens in most cases, when large bonuses are given for sale.
Not necessarily just whales and even if they are, they might not sell right after the ICO ends. SelfKey is a good project, one of rare, so I would say it's worth holding. And 30% bonus is not an extremely high one, there many icos out there with much higher, insane bonuses.
whales don't tend to sell out after ICO. only bounty hunters do. I'm not worried about wales.
Well if the whales got a really nice bonus, or extremely cheap price they might.
December 17, 2017, 06:32:55 AM
All countries can partipiciate in this ICO? No limit for USA, China people?
I think so, there is no aspect of this ICO that goes against any prticular law or regulation.
No, that's unfortunately not the case. That's from their ANN: U.S., China and New Zealand residents are not eligible to participate in the Sale.
I was wondering myself why New Zealand is excluded from the ICO. Thanks for finding the article! So, in New Zealand any crypto currencies is considered as a security
But I don't get why, a lot of tokens/coins are clearly an utility. Maybe they can argue that PoS and DPoS generate some sort dividends to token holders but that's awful
We all know that legally these countries try to prevent the participation of their Citizens and the execution of activities in the crypto, but we need to have a different view, because there are ways to participate, and this already happens, although there is no way to SelfKey in these countries , many people from there join daily to projects.
December 17, 2017, 06:09:58 AM
All countries can partipiciate in this ICO? No limit for USA, China people?
No, precisely USA and China can't participate, also New Zealand is not eligible. I think because of regulators.
This is good )) Fo me at last) because, they will buy on exhanges... more expansive
December 17, 2017, 05:59:48 AM
All countries can partipiciate in this ICO? No limit for USA, China people?
I think so, there is no aspect of this ICO that goes against any prticular law or regulation.
No, that's unfortunately not the case. That's from their ANN: U.S., China and New Zealand residents are not eligible to participate in the Sale.
I was wondering myself why New Zealand is excluded from the ICO. Thanks for finding the article! So, in New Zealand any crypto currencies is considered as a security
But I don't get why, a lot of tokens/coins are clearly an utility. Maybe they can argue that PoS and DPoS generate some sort dividends to token holders but that's awful
December 17, 2017, 05:40:44 AM
All countries can partipiciate in this ICO? No limit for USA, China people?
I think so, there is no aspect of this ICO that goes against any prticular law or regulation.
No, that's unfortunately not the case. That's from their ANN: U.S., China and New Zealand residents are not eligible to participate in the Sale.
I was wondering myself why New Zealand is excluded from the ICO. Thanks for finding the article! So, in New Zealand any crypto currencies is considered as a security
But I don't get why, a lot of tokens/coins are clearly an utility. Maybe they can argue that PoS and DPoS generate some sort dividends to token holders but that's awful
December 17, 2017, 05:28:30 AM
All countries can partipiciate in this ICO? No limit for USA, China people?
I think so, there is no aspect of this ICO that goes against any prticular law or regulation.
No, that's unfortunately not the case. That's from their ANN: U.S., China and New Zealand residents are not eligible to participate in the Sale.
I was wondering myself why New Zealand is excluded from the ICO. Thanks for finding the article! So, in New Zealand any crypto currencies is considered as a security
Poor New Zealand, often forgotten on maps and now this.
December 17, 2017, 05:23:02 AM
All countries can partipiciate in this ICO? No limit for USA, China people?
I think so, there is no aspect of this ICO that goes against any prticular law or regulation.
No, that's unfortunately not the case. That's from their ANN: U.S., China and New Zealand residents are not eligible to participate in the Sale.
I was wondering myself why New Zealand is excluded from the ICO. Thanks for finding the article! So, in New Zealand any crypto currencies is considered as a security
December 17, 2017, 05:17:03 AM
SelfKey Video Review by Crush Crypto
https://www.youtube.com/watch?v=wEj8NsuhUb0&feature=share
They seem pretty bullish about SelfKey!
yes, because i bet that selfkey will be the very next big thing. it has a very much needed feature for icos in the upcoming years
kyc...Anyone up to date on crush crypto track record in benchmarking icos? Good Review anyways.
December 17, 2017, 04:59:50 AM
All countries can partipiciate in this ICO? No limit for USA, China people?
I think so, there is no aspect of this ICO that goes against any prticular law or regulation.
No, that's unfortunately not the case. That's from their ANN: U.S., China and New Zealand residents are not eligible to participate in the Sale.
December 17, 2017, 04:40:57 AM
what is the KYC for?
If a Singapore citizen participate in this ICO and made some profit, will he have to declare income tax?
If a Singapore citizen participate in this ICO and made some profit, will he have to declare income tax?
I dont know about singapore specifically, but that is what governments usually try to achieve, yes.
And it's also true, that KYC is a tool for the government to keep better track of profits made in cryptos.
I imagine that is a way to contrl how much is spent so they eventually will generate a tax on it, they need to get an idea for that, if not they won't be able to properly regulate it.
KYC applied in crypto is at the moment an initiative at self regulation in order to avoid governments crackdown on operations.
Thanks for all your help.
I asked this question for my friend who is a Singapore citizen.
He just wanna make sure that participating this ICO won't involve any tax issue.
A more general question:
Is income from cryptocurrency trade taxable in Singapore?
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