[ANN] [ICO CLOSED] Inchain - insurance for the crypto economy

[electronicash]

I don't want reveal who was the "exchange". But you can guess  

Man, Bittrex is a death sentence. Recent ICOs that Bittrex adds afterwards ALL GO UNDER ICO PRICE.

Go straight to Poloniex or at least the Chinese exchanges. I'm warning you.

Noticed that as well. even the coin with so much potential goes under its ICO price, and they do have the funds huge enough like wavesplatform.
Maybe the reason why the rest of the coin died. and they are asking 3 btc just to add your coin.

[Sergey_Inchain]

I don't want reveal who was the "exchange". But you can guess  

Man, Bittrex is a death sentence. Recent ICOs that Bittrex adds afterwards ALL GO UNDER ICO PRICE.

Go straight to Poloniex or at least the Chinese exchanges. I'm warning you.

For now we are working with exchanges to set up clear rules for the cases if they will be hacked. It needs for the clear insurance process.

[Sergey_Inchain]

hi all, im member now

Congrat!

[Inchain.io]

Any updates on the legal status of Inchain?

Which countries are you looking getting registered in and what are the plans for dealing with identity requirements for token holders?

Hi,

We are looking for the best jurisdiction for Inchain, the candidates: Switzerland, UK, Hong Kong.

Quote from the article you posted earlier https://medium.com/@piersbxd/should-a-dao-have-a-legal-entity-715a9cf31301#.v4wxpbir1

In some ways a DAO legally may be based wherever you want it to be, although countries with large numbers of free trade deals are generally going to be preferred if you do decide on the legal thing. USA/EU are good starting points.

Is there a reason that all of your candidates are outside US/EU?

As far as I can tell, of the three only Switzerland allows anonymous partners and requires that at least one director lives in Switzerland.

For Switzerland and UK avoiding double taxation on dividends could be an issue for token holders.

Compliance in Hong Kong does seem pretty reasonable but as far as I can tell still requires all token holders to be registered with the company.

Guys

We are exploring the options and have not made any decisions yet.
Feel free to make your proposals.
Obviously there are pros and cons for every jurisdiction.
More details a bit later...

[Dhoe]

Sir, my rank is MEMBER now, update please. Thanks.

[Sergey_Inchain]

Sir, my rank is MEMBER now, update please. Thanks.

Done

[Sergey_Inchain]

Guys, we are looking for a Chinese promotion partner for Inchain. If you know someone please let me know.

[Kazadar]

Guys

We are exploring the options and have not made any decisions yet.
Feel free to make your proposals.
Obviously there are pros and cons for every jurisdiction.
More details a bit later...

One option to look into could be a danish K/S. Its similar to a UK LLP in many ways.

The liable partner is usually set up to be a limited liability company, so no one is personally liable.

It is not taxable in Denmark, meaning that all token holders will be responsible for for reporting it in their home country. That way double taxation is avoided and there will be less administrative duties for Inchain.

Owners with less than 5% share are not required to be registered. The easiest way of doing this would be to whitelist addresses with more than 5% of the tokens before allowing them to vote. That way you can choose to register or split your tokens in to multiple addresses and stay anonymous.

Of course you would still need to submit annual reports and so on but it might be worth looking it to.

[Triload]

Guys, we are looking for a Chinese promotion partner for Inchain. If you know someone please let me know.

Focus on your ico first, I doubt the ico will continue, don't focus on the market now, legal issue is the priority.

[Sergey_Inchain]

Guys, we are looking for a Chinese promotion partner for Inchain. If you know someone please let me know.

Focus on your ico first, I doubt the ico will continue, don't focus on the market now, legal issue is the priority.

I did mean partnership for promoting Inchain to attract Chinese investors.

[Sergey_Inchain]

Guys

We are exploring the options and have not made any decisions yet.
Feel free to make your proposals.
Obviously there are pros and cons for every jurisdiction.
More details a bit later...

One option to look into could be a danish K/S. Its similar to a UK LLP in many ways.

The liable partner is usually set up to be a limited liability company, so no one is personally liable.

It is not taxable in Denmark, meaning that all token holders will be responsible for for reporting it in their home country. That way double taxation is avoided and there will be less administrative duties for Inchain.

Owners with less than 5% share are not required to be registered. The easiest way of doing this would be to whitelist addresses with more than 5% of the tokens before allowing them to vote. That way you can choose to register or split your tokens in to multiple addresses and stay anonymous.

Of course you would still need to submit annual reports and so on but it might be worth looking it to.

Many thanks. It's really  valuable info. I'll forward it to Adam.

[ttg43]

What are the best Chinese exchanges?

Just look at cny/btc pair at coinmarketcap

[topesis]

I don't want reveal who was the "exchange". But you can guess  

Man, Bittrex is a death sentence. Recent ICOs that Bittrex adds afterwards ALL GO UNDER ICO PRICE.

Go straight to Poloniex or at least the Chinese exchanges. I'm warning you.

Agree with your point concerning Bittrex, Bittrex seems to be overcrowded with low volume coins and the site is overcrowded with non performing project and they are dragging the exchange down, I don't know why SNGLs token went below the ICO price on Bittrex this also happen to waves token

[chikiuso]

I don't want reveal who was the "exchange". But you can guess  

Man, Bittrex is a death sentence. Recent ICOs that Bittrex adds afterwards ALL GO UNDER ICO PRICE.

Go straight to Poloniex or at least the Chinese exchanges. I'm warning you.

Stratis is 5X of ico, not every ico on bittrex sucks or scam, it can be real project and profitable.

[royalfestus]

Do you consider those with change in rank at the early stage of campaign to be considered for bounty up the rank? It will be demeaning to earn less than in ones colleagues.kindly consider.

[Sergey_Inchain]

Do you consider those with change in rank at the early stage of campaign to be considered for bounty up the rank? It will be demeaning to earn less than in ones colleagues.kindly consider.

Thank you. We will consider rank changing every week and result amount of shares will be calculated depends on when rank was increased.

[royalfestus]

Do you consider those with change in rank at the early stage of campaign to be considered for bounty up the rank? It will be demeaning to earn less than in ones colleagues.kindly consider.

Thank you. We will consider rank changing every week and result amount of shares will be calculated depends on when rank was increased.

Thank you

[Sergey_Inchain]

Guys, we are looking for a Chinese promotion partner for Inchain ICO. If you know someone please let me know.

[drnash85]

Guys, we are looking for a Chinese promotion partner for Inchain ICO. If you know someone please let me know.

Off topic - I think you are doing a wonderful thing for crypto. Im glad you have the guts to conquer an obstacle of such. Keep up the good work, never give up, where there is a will not - there is a will.

[Sergey_Inchain]

Guys, we are looking for a Chinese promotion partner for Inchain ICO. If you know someone please let me know.

Off topic - I think you are doing a wonderful thing for crypto. Im glad you have the guts to conquer an obstacle of such. Keep up the good work, never give up, where there is a will not - there is a will.

Thank you)