[SELFKEY] ID Wallet for Citizenship, Incorporation, Fintech, Banking, Exchanges - page 52.

Altcoinrusher

full member

Activity: 616

Merit: 100

Quote from: greatteager on December 16, 2017, 05:45:45 PM

Quote from: Trrrt on December 16, 2017, 05:42:28 PM

Yes the pre sale has already a big success, I really like the concept of the project, for me there is a big use case for selfkey. With big partnership the project will skyrocket for sure.

Someone should occupy this industry and this can become SELFKEY.

This project will be viable as there is a need for this in our digital life. It has the potential to be the trailblazer in self identification technology.

the_donald

full member

Activity: 588

Merit: 100

Quote from: matjas on December 17, 2017, 03:28:20 AM

Quote from: Terrratron on December 17, 2017, 03:23:23 AM

Quote from: PS92 on December 16, 2017, 08:08:50 PM

Quote from: magisterr on December 16, 2017, 07:06:49 PM

Quote from: wissy on December 16, 2017, 03:27:56 PM

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.

KryptoTark

member

Activity: 98

Merit: 10

Quote from: Cauchy on December 17, 2017, 02:22:46 AM

Quote from: Voltaje on December 17, 2017, 12:46:30 AM

Quote from: KryptoTark on December 17, 2017, 12:24:14 AM

Quote from: snowfu199 on December 17, 2017, 12:13:26 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?

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.

oh really? I thought it's the ever greedy governments.

Can someone explain how will selfkey tokens be used in the platform? Also what will generate demand for it?

thanks!

matjas

full member

Activity: 798

Merit: 115

Quote from: Terrratron on December 17, 2017, 03:23:23 AM

Quote from: PS92 on December 16, 2017, 08:08:50 PM

Quote from: magisterr on December 16, 2017, 07:06:49 PM

Quote from: wissy on December 16, 2017, 03:27:56 PM

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.

Terrratron

member

Activity: 238

Merit: 17

Quote from: PS92 on December 16, 2017, 08:08:50 PM

Quote from: magisterr on December 16, 2017, 07:06:49 PM

Quote from: wissy on December 16, 2017, 03:27:56 PM

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.

Jay2408

full member

Activity: 518

Merit: 101

🚀🚀 ATHERO.IO 🚀🚀

Quote from: magisterr on December 17, 2017, 01:22:01 AM

All countries can partipiciate in this ICO? No limit for USA, China people?

No, as it is said in the ANN, unfortunately U.S. and Chinese citizens aren't eligible to participate in the crowdsale as well as, don't know why, New Zealand residents.

matjas

full member

Activity: 798

Merit: 115

Quote from: magisterr on December 17, 2017, 01:22:01 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.

snowfu199

full member

Activity: 252

Merit: 100

Quote from: Cauchy on December 17, 2017, 02:22:46 AM

Quote from: Voltaje on December 17, 2017, 12:46:30 AM

Quote from: KryptoTark on December 17, 2017, 12:24:14 AM

Quote from: snowfu199 on December 17, 2017, 12:13:26 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?

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.

Cauchy

full member

Activity: 364

Merit: 100

Quote from: Voltaje on December 17, 2017, 12:46:30 AM

Quote from: KryptoTark on December 17, 2017, 12:24:14 AM

Quote from: snowfu199 on December 17, 2017, 12:13:26 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?

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.

viljy

hero member

Activity: 1736

Merit: 857

Quote from: premium_domainer on December 17, 2017, 01:16:44 AM

Quote from: PS92 on December 16, 2017, 07:40:10 PM

Quote from: wissy on December 16, 2017, 03:27:56 PM

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.

wonderfullife

full member

Activity: 168

Merit: 100

Selfkey will increase the efficiency and serenity of all those which have to do regular administrative processes; whether for their residence permits, their marriages, for their children,for studies, for their business ect .. Sometimes the administration asks us to return documents that we already have sent before for different requests. Here all the things that you have sent once you don't need to send it back, but especially you remain master of your personal informations. They are yours and remain it and are incorructible.

magisterr

sr. member

Activity: 1372

Merit: 259

All countries can partipiciate in this ICO? No limit for USA, China people?

BY_ATOM

full member

Activity: 406

Merit: 107

Quote from: greatteager on December 16, 2017, 05:45:45 PM

Quote from: Trrrt on December 16, 2017, 05:42:28 PM

Yes the pre sale has already a big success, I really like the concept of the project, for me there is a big use case for selfkey. With big partnership the project will skyrocket for sure.

Someone should occupy this industry and this can become SELFKEY.

This market segment is still young. Such projects are easy to fit and well developed. And results pre-sales prove it!

premium_domainer

legendary

Activity: 1764

Merit: 1012

Quote from: PS92 on December 16, 2017, 07:40:10 PM

Quote from: wissy on December 16, 2017, 03:27:56 PM

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 $10.537.422$

CryptoConan

member

Activity: 66

Merit: 10

Quote from: Cauchy on December 16, 2017, 05:50:53 PM

Just finished Reading the whitepaper. Found it interesting from a technical view and it gives insight into both traditionall kyc process as well as what selfkey offers. If you have some time to spare I definately recommend to give this one a read (English) https://selfkey.org/wp-content/uploads/sites/19/2017/11/selfkey-whitepaper-en.pdf

Yeah, amazing wp.
They also have it in japanese, russian, korean and spanish

Voltaje

sr. member

Activity: 350

Merit: 250

Quote from: KryptoTark on December 17, 2017, 12:24:14 AM

Quote from: snowfu199 on December 17, 2017, 12:13:26 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?

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.

Piggy

hero member

Activity: 784

Merit: 1416

In general they also want to know with who they are dealing with and make sure you are a real person, in order to avoid money laundering as well

KryptoTark

member

Activity: 98

Merit: 10

Quote from: snowfu199 on December 17, 2017, 12:13:26 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?

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.

snowfu199

full member

Activity: 252

Merit: 100

what is the KYC for?
If a Singapore citizen participate in this ICO and made some profit, will he have to declare income tax?

cantdecide

full member

Activity: 336

Merit: 112

Quote from: ParRus on December 16, 2017, 08:57:54 AM

Quote from: cantdecide on December 16, 2017, 08:51:32 AM

Quote from: the_donald on December 16, 2017, 08:23:21 AM

Quote from: ParRus on December 16, 2017, 08:20:58 AM

Quote from: snowfu199 on December 16, 2017, 08:08:29 AM

How much fund was raised during private presale?

They was raised $5 million! Cool

https://www.crowdfundinsider.com/2017/12/125735-selfkey-digital-identity-firm-tops-5-million-private-pre-sales-public-pre-sale-ico-kicks-off-december-15th/

does this mean that the project will go on regardless of the sale result?

I think so, as they already have double of the soft cap.

5 million, it's was raised in private pre-sale. Currently raised: $9275709 KEY tokens sold, it's almost 4x more than soft cap - project will be successful!

Yes, I mean with the privat pre-sale. The current state is of course much higher

And it speaks for itself. I actually thing this could become really big if the system will work out, as it would make every ICO investor now and in future to potential customers.

Topic: [SELFKEY] ID Wallet for Citizenship, Incorporation, Fintech, Banking, Exchanges - page 52. (Read 37493 times)