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.?
I too can't find their license number or formation of a company, they say in last posts here will pay back, but who knows they might replace the company.
For the OP
In India every business need a registration certificate not like china companies. I hope you have registration certificate, if not please register your company and promote them, else it is bad for you against the Indian Laws.
Hello,
For the last 1.5 years I have spent every walking moment of my life promoting Bitcoin and Blockchain Technology and spreading awareness in India and thus the first thing which I would like to make it very clear is we are not a Business or our goal is not to do only business it is much more than that, it is about Social Service. We fully note your concerns raised here. It is duly understood that as a community we are only dedicated to bringing people together and encouraging daily social service. We are already in consideration of giving it a legal form to our group as per Indian law at priority(though this is totally an irrelevant question to be asked by any sensible member of this forum for a decentralized blockchain open source project for a real social cause ,its exactly like asking Satoshi back in 2009 for his registation and license
, but still for people back here in our country and under the current political quirks which are present in India who are still new to these things and no existing laws are present for a project like us then too we are considering to give it legal form as mentioned above our Non Profit Organation registration is lined up on 27th sept. Also, we will release the list of NGOs we would be collaborating with by 27th September.
We are built on top of Ethereum blockchain and extensively using smart contract for that purpose, thus Payback issue shall also get addressed by this.
I hope I have cleared all your doubt Thanks for your valuable feedback and for more details can visit our WP or just post a reply.
Thanks,
Varad
Indicoin