Bitcoin Forum

Till now, I have heard about some, but none are fully complaint (in future, incase government approves cryptocurrency)

BitIndia - They are doing ICO in Japan

Indicoin - They are still not a registered business anywhere. Also, when asked to one of the founders, they said, they are not going to convert the raised money to fiat to be compliant.

All the other coins don't have a fancy marketing or a guy backing it.

So, is there any other ICO which is good enough and came from India?

If yes, how are they protecting themselves to take investment internationally (except from countries like US, China, etc)

No, but a great Indian Business Analyst - Kumar Singh is part of the ASSETRON ENERGY Team in Australia.

He plans to have a lot of the web platform development done in India.

We have registered ourselves as a non-profit over here in India, you must have read our previous answers. We have been honest towards the community each and every time. Also, we respect the sentiments of the community and now we are registered under a non-profit organization. We are not converting just to be compliant till the laws and acts come into the existence. Also, everything is going on as per the roadmap proposed.

So, where is your non profit registered? And under what type of Activity?

I did not have any idea that India had these ICO. So what these projects all about and can you link the announcement page for these tokens and who are behind these projects,since there are more tokens coming out on a daily basis it is really hard to track everything and since this forum does not have good features to search it is really difficult to find any particular project.

BitIndia just looks fancy and will probably lead to a loss for investors but they do have a good marketing team. Too complicated Token Value in ICO smells fishy too. And 25% of Global Trading from India in the year 2022+ is something taken out of thin air to trap gullible investors in my opinion.

I am an active community member of Indicoin and have been getting crypto through them by participating in various social campaign launched by them in India.
10

It will be interesting to see how does India treat ICO. I do not think considering the government and their laws they will allow ICO to run in India. They will put a ban because there is a direct risk of the money invested by the people and they cannot let it happen. So all those running ICO in India if any will face the heat in coming times it seems.

Currently there isn't any,our country still not approve virtual currency in our economy.i think Andra Pradesh is taking initiative towards blockchain technology so it is good to see a small step.in future we will see majority of upcoming blockchain projects by indians as soon blockchain spread across IT sector in our country.

I totally agree with you. And with a big face representing them, it mainly means closed door deals for them and loses for investors.

It will be great to see some with real products rather than just whitepapers.

Because we don't have current specific rules, acts or laws for cryptocurrency specifically. So to be compliant we are not liquidating to operate in India for the same , We have registered Indicoin under UP NPO Act for other activities and campaigns.

For more details about Indicoin, visit our website at www.indicoin.org.in
 (http://www.indicoin.org.in)Announcement page:- https://bitcointalk.org/index.php?topic=2217812.0 (https://bitcointalk.org/index.php?topic=2217812.0)
You can join our telegram channel at t.me/indicoin (http://t.me/indicoin)

You didn't answered my question mihir ;)

I think you missed this.

Can you please share some details of the company registered address? The identification number for the NPO? There seems to be no details at all in the site regarding the same.

Indicoin recently launched their Pre-Sale on the Midnight of 10th September 2017, going live as “India’s First Cryptocurrency & Token Sale” Community Admin & Lead Developer from Indicoin mentioned that they were skeptical about the Pre-Sale as India comes very new to Cryptocurrency and only 0.5% of the population in India invests in Bitcoin.

I invested in Indicoin's ICO. Its  is the 1st ICO here in India I think, things look normal .

1. This is not Indicoin topic, you can discuss that in Indicoin thread.

2. Indicoin says they are registered as NPO, but they have not shared any details regarding the same as of 29 Oct 2017 (I asked about registration on 24th Oct 2017)

My main intent with this thread is:

i am creating an ICO (ISO to be more precise) with an Indian Exchange student, i myself am not an indian

regards

Hi Everyone !

Indicoin (www.indicoin.org.in) is a blockchain based social service platform where monetary benefits are given to anyone who does anything that benefits the society.

Tokens sale is currently live (1st October to 1st November).

Being a new organisation, we are constantly looking for feedbacks and suggestions. If you have anything that can help us improve, drop a mail at contact@indicoin.org.in

Thanks

Hi Everyone !

Indicoin (www.indicoin.org.in) is a blockchain based social service platform where monetary benefits are given to anyone who does anything that benefits the society.

Tokens sale is currently live (1st October to 1st November).

Being a new organisation, we are constantly looking for feedbacks and suggestions. If you have anything that can help us improve, drop a mail at contact@indicoin.org.in

Thanks

I think I should rename this thread from "Any Real ICO in India?" to "Please Spam about Indicoin" thread.

I use Eroscoin


EROSCOIN is Blockchain based decentralised multi cryptocurrency payment gateway. It makes worldwide transactions between consumers, merchants, businesses, distributors and community by leveraging the power of blockchain technology. An open source ecosystem for the [Suspicious link removed]munity. Securely send & receive money instantly.

EROSCOIN has started offering wide range of payment products including web wallet, mobile wallet, merchant payments, in chat payments and more. Use EROSCOIN to send, receive & make payments without middleman using stable, secure and fast Blockchain network.

Eroscoin - Eroscoin Blockchain Share - represents the right to receive a part of company's profit. All token holders are eligible for obtaining dividends according to their stakes. Any number of tokens (100％) sold at the end of ICO have right to receive 20％ of company's profits

Initial Rate:

Price per token, locked. 1 ERO token = 0.15 USD

5% of Eroscoin payment plaform profit will be shared among dividend Token holders LIFETIME
Opportunity to become an investor with only $0.10
During the ICO a maximum of 2400000 tokens is available
The earlier you invest, the higher bonus you will receive on your investment

just came across Indian ICO SISA.FUND

Strategic Investments in Significant Areas

A Decentralized, Democratized and revolutionary pool fund.

www.cryptoproductivity.com

You can't call this spam after seeing the flood of "Wow, Great project Sir. I see lot of potential. It will be great successful. Good Luck!!"

To your original question, I don't know why nobody mentioned ALLOY ICO. They are an India based startup and are planning an ICO as they migrate to blockchain.

To be honest I feel what indicoin has done for the Indian Bitcoin and blockchain community is uncomparable as they have prepared grounds by introducing the concept  for all the upcoming ico's in India after as you can see in this thread it self

There is not any big ico in india which has good project.

I feel so there is no "real" ICO in india till now

I am calling this a spam, because the question I have asked and the answers given by the users are not relevant and just plane and simple spamming of that project.

Because they said that themselves that they have already registered as a Non Profit Organization, and I simply asked the details of the same.

And what shall I ask them about their development, as there is no development at all. They are a charity and there is no use of Blockchain technology at all in there. They just raised money which they will probably use for charity purpose, and for their own use. Don't tell me the bullshit that they are doing this only for charity purpose, as they won't, we are humans and we require money to live, as simple as that.

I don't have a problem with charity, but there was no use of this technology in this project. They just needed money for the charity and as people are profit hungry, they jumped into this opportunity.

What kind of concept are you talking about? Charity?

There is nothing new in that project and all they done with this blockchain technology is made a contract using ETH to receive it. All the rest is done through manual works.

jes thats how financial systems in governments work, a small core has the power makes token printed paper or minted coins out of nothing and everybody else has to beg fight for those token through his life,

states dont work without their financial cartells.

Yes really waiting to see a nice ICO project in India. Its high time India gets into ICO business.

Actually there are a few.

I just found ICO bench listing 8 ICOs in India.

https://icobench.com/icos?country=India

A few seem interesting to me

Now this is what I was asking. Thank You :)

Hey thank you this is a big help to me too.

Thanks Aspire. Do let us know If you found anything interesting.

Indicoin is trading on Hitbtc

INDICOIN all set to fly ,no more proofs needed
I am ready take me to moon :o

Well, it started again!

anyone knows about ATC coin ?? i think that was from India ..

Hi by Andhra Pradesh do you mean only AP or were you referring to Telangana? Because I do not see any such kind of information on news as well as online..... ;)

I think ICOs in India can fair well easily, there is a lot of potential in launching them as people here are constantly looking into generating money through cryptos. There is a whole lot of opportunity but only time can tell how this oppurtunity gets cashed.

Why we are not considering CASHAA as indian ICO. its CFO is indian.

https://inc42.com/buzz/vizag-blockchain-fintech-naidu/
check it out

as per SEBI ICO are ponzi schemes investing in icos and start ico are illegal in india

Obizcoin has all team members from India and they are based in pune.They claimed to have sold 25 lakh tokens till now during their on going presale

I heard about nucleus vision project backed by Indians, it'll be really exciting to see how huge this project is going to be

Currently, I think Indacoin is one of the ICO runnings which is representing India. One more also I listened that is Laxmicoin from Youtube.

Where is that stated? They are still forming the regulations.

Don't talk about scam ico laxmicoin. There is nucleus vision ico at current moment, which are biggest hyped project till now.

state of ICO's in India are in shady conditions, now as a government are in after ICO's after profiling of the current exchanges in the county overall, not an issue -things before regulations are similar all over the world

As far as I know, ICOs cannot legally be started in India. Same as the USA.
There are laws consideing it money laundering and ponzi schemes.

The government is technically clueless about bitcoin and its strength at the moment. It could be get better for us or also WORSE.

Indeed. But right now anyone can run an ICO in India. What follows is unexpected. And many out there are raising money just with whitepaper, thus without an MVP, they will have a hard time transferring it to fiat, if they intend to do so.

True, but neither is it illegal to start one as of now.


Only if the person converts that raised money into fiat.


Really true, but there are some who fancies blockchain technology, while not supporting the currency.

Understanding the Indian government perspective and their dealing till now it will not be easy in India to regulate or make it legal. They have also cleared that it cannot be a legal tender.  Also they have issue cautious warning that do not deal with it. This all seems that govt is not in favor.

I think there is an ICO called 4NEW thats probably Indian but it seems like a ride and die sort of deal. I have seen many many scams with indian faces on them too. There was this RupeeZ or something like that,  i posted on their thread, questioned them about the legality of this and they straight away deleted my post.

Indicoin shall redefine social service and give it another leap. Blockchain has unlocked a huge potential for the Social Sector to redefine their model and India is the rightest place to start and a very much needed crowdfunding of Social Service. Today, people are running back after making hefty monetary gains at the cost of the society, environment and various other incentivizing factors in accordance with this, they should also change the way social service functions. Indicoin shall be able to deliver on these lines

thankyou so much we are just focussing on the technology

To start one now is illegal (GOVERNMENT POINT OF VIEW)


Let's say they are after an Indian ico,
first step -they get hold of the team and interrogate.
the second step- they would say I received mangos for selling my bananas to start my fruit shop.
//you don't consider bitcoin as a legal tender and if I am accepting it from somebody i am doing scam ? is it ?//

until the day you are not liquidating it to fiat,  you havent done anything wrong in this country.( though its not wrong and illegal in any way)

But because of the centralized political system which we have in our country, the regulations are very close and to benefit the big players before they enter the market
media is manipulating with great FUD .
AND THISJUST means REGULATIONS ON THE DOAR.

people forget that this is blockchain - it's a technology which would never run away.

I want to know more about it because I did not have any idea of real ICO.

good days coming soon, don't invest in Indian ico's for couple of months

Before investing in any ICO, it is important that we should check their White Papers. I have invested in the Ripple Cash Coin ICO as found it promising. Their tokens can be exchanged for Bitcoin or Etherium.  http://ripplecash.info  (http://ripplecash.info) :)

Ripple Cash coin?
are you talking about ripple ?

I found this one www.ip.sx but I'm not sure if it's from India.

Their  website footer says: IPSX is owned and operated by: Geralka Project AG Address: Bahnhofstrasse 4, ZIP: 6052, City: Hergiswil NW, Switzerland Company number: CHE-103.114.066

DRIVEZY, an Indian Co. is running successful ICO with target gathering of $100M. Drivezy’s investors who has purchased DRIVEZY tokens are entitled to share of revenue, generated by rental transactions on the platform which has shown to generate ROI of 30%.

No it is different than Ripple. It is Ripple Cash Coin ICO. You can visit  http://ripplecash.info  (http://ripplecash.info) or you it is also listed on  https://iconow.net/ico-listing-active-icos/  (https://iconow.net/ico-listing-active-icos/)

probably scam stay away, Ripple is ripple be careful

This is scam. Don't join it.

▄▄▄▄▄▄▄▄
UNION

We are launching our ICO here in India. We have been trying really hard to get this project going, currently Indian ecosystem is very challenging, regulatory and general sentiments of folks towards cryptocurrency space, but we are taking those as an opportunities. There are lot of scams out there in the name of promised profit (which no one can guarantee) to exploit the gullible Indian audience, and most of them no nothing about technology. We are trying to be fully transparent with our audience. Please do visit our website and checkout all our materials, and if you folks feel there is any gap, do let us know and we will improve. Bitcointalk is the community, which is really great at segregating real ones from scammers.

Our ANN thread (https://bitcointalk.org/index.php?topic=3123614.new#new)
Website Union  (https://getunion.io/)
GitHub here (https://github.com/getunion/union)
Whitepaper here (https://www.getunion.io/Union_Whitepaper.pdfhttps://www.getunion.io/Union_Whitepaper.pdf)
Telegram channel (https://t.me/UNI_Token)

Please check out our token creation code at GitHub and let us know if we can improve, we are ERC223 complaint, and working hard towards making it safest for participants to invest in.

Thanks,
Union Team

AQWire is a real estate ICO, althought not from India... But the product can be used in India as well.. Are u loking for something with Indian team members as founders ?

Running an ICO in India is illegal and not permitted in India so we cant expect a join an Indian ico

And who said that, except you? It "can" be illegal "in future" to run an ICO in India, but till now, it is not, and only not permitted to use it for illegal activities.

Yes, I think their looking for real estate partners world wide especially india. lot's of potential there.