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Author Topic: [ANN][ICO] PAYCENTOS - Bridging the Gap Between Cryptocurrency and Fiat  (Read 20738 times)
paycent
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November 16, 2017, 04:59:43 PM
 #761

Hello. Can companies use the exchange of assets in the crypto currency in order to avoid paying taxes?


We are not promoting tax evasion, all transactions are transparent.
But in most countries transactions using crypto currency are not regulated. Will those who commit them be able to pay taxes?

We are entering crypto from fiat by having licenses in place such EMI and Remittance licenses. So everything is legal. Please read our whitepaper for details: https://paycent.com/wp-content/uploads/2017/09/PYN-Whitepaper.pdf?v=7.6

Paycent|ICO: 2-30 Nov '17|JOIN DISCUSSION
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paycent
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November 16, 2017, 05:00:34 PM
 #762

Is there a charge on automatic conversion of crypto currency to fiat money?

There is a minimal fee of 1.5%. Keeping the fees low will be Paycent's priority as we are looking to add more users to the ecosystem rather than earning more profit. To know more about it, kindly read the whitepaper: https://paycent.com/wp-content/uploads/2017/09/PYN-Whitepaper.pdf?v=7.6
Does the size of the sum that I would like to exchange affect the size of the commission?

It is a percentage so the size of the amount is not relevant.

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paycent
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November 16, 2017, 05:02:14 PM
 #763

Good afternoon. Let's say I'm changing Bitcoins to Euro. In what currency will I be charged?


It will be a multi-currency wallet so you can convert your crypto to which currency you opted.

Paycent|ICO: 2-30 Nov '17|JOIN DISCUSSION
paycent
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November 16, 2017, 05:07:05 PM
 #764

Will users be able to destroy any part of their tokens? Sell them far below the market price, for example?

Liquidity is always going to be limited as tokens will get burnt every time any paycent user buys or sells crypto using paycent.
Why are you going to sell the tokens below the market price?

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paycent
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November 16, 2017, 05:08:05 PM
 #765

Hello. What is the discount rate for merchants using mPOS solutions developed by your platform?

Please read the whitepaper under mPOS section: https://paycent.com/wp-content/uploads/2017/09/PYN-Whitepaper.pdf?v=7.6

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paycent
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November 16, 2017, 05:10:50 PM
 #766

I've attempted each swimming pools unsuccessfully using a MRR platform.

What do you mean by swimming pools?

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paycent
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November 16, 2017, 07:57:53 PM
 #767

Hello. I'm wondering if your debit cards will have an overdraft option.

None at the moment. But you may use the microloan feature.
And what interest rate will apply to the principal amount of this microloan?

It will be unique to every market but affordable. Lower median will be at 18% per annum & upper ceiling is at 44%. A lot of factors will play a role in defining this & this will be unique to a user’s profiling based on our internal data analysis as well.

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paycent
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November 16, 2017, 07:58:34 PM
 #768

With which stock exchanges have you already managed to reach an agreement?

We cannot disclose them as of the moment. We will disclose them when contracts are finalized.
Well, at least tell us about what volumes of liquidity are you talking about? Or is it also private information?

Private information

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dayasinfo
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November 17, 2017, 05:47:57 AM
 #769

Good afternoon. In which countries have you already obtained all the necessary licenses?

If you want to save the animals donate here :-)
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spacegt
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November 17, 2017, 05:53:02 AM
 #770

Hello. What are the closest blockchain conferences where I can meet members of your team?
blackbitum
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November 17, 2017, 05:53:30 AM
 #771

How many people are already using your app at the moment?
nicolasbit
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November 17, 2017, 07:39:04 AM
 #772

Can a virtual card be issued exclusively in a mobile app?

deort
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November 17, 2017, 07:40:12 AM
 #773

Good afternoon. Are you going to create and develop a web version of your portal?
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November 17, 2017, 07:42:04 AM
 #774

Tell me please, when will your tokens appear on crypto currency exchangers?
energycrypt
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November 17, 2017, 09:46:18 AM
 #775

Hello. Is there a limit on the maximum number of tokens purchased at once?
spacegt
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November 17, 2017, 10:41:12 AM
 #776

Is there a charge on automatic conversion of crypto currency to fiat money?

There is a minimal fee of 1.5%. Keeping the fees low will be Paycent's priority as we are looking to add more users to the ecosystem rather than earning more profit. To know more about it, kindly read the whitepaper: https://paycent.com/wp-content/uploads/2017/09/PYN-Whitepaper.pdf?v=7.6
Does the size of the sum that I would like to exchange affect the size of the commission?

It is a percentage so the size of the amount is not relevant.
No, I meant that the minimum commission is 1.5%. And what is the maximum?
Forspareparts
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November 17, 2017, 10:46:42 AM
 #777

Good afternoon. Let's say I'm changing Bitcoins to Euro. In what currency will I be charged?


It will be a multi-currency wallet so you can convert your crypto to which currency you opted.
Are they converted directly or first converted to tokens of your platform, and only then to the fiat currency?
thelastofas
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November 17, 2017, 11:52:10 AM
 #778

Will users be able to destroy any part of their tokens? Sell them far below the market price, for example?

Liquidity is always going to be limited as tokens will get burnt every time any paycent user buys or sells crypto using paycent.
Why are you going to sell the tokens below the market price?
I'm not talking about myself; I'm just trying to consider all possible variations of events. After all, won’t there be a minimum selling price set by the platform?
paycent
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November 17, 2017, 03:18:10 PM
 #779

Good afternoon. In which countries have you already obtained all the necessary licenses?


Mostly from Asia at the moment, Singapore, Philippines, UAE but finalizing Indonesia and others.

Paycent|ICO: 2-30 Nov '17|JOIN DISCUSSION
paycent
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November 17, 2017, 03:21:50 PM
 #780

Hello. What are the closest blockchain conferences where I can meet members of your team?


We have been a speaker at the recently concluded 2nd Annual Blockchain Conference in Hong Kong. We have attended the StartEngine ICO 2.0 Summit in Santa Monica, California. Both conferences were held last week. You can visit our Singapore office to meet the team, no prior appointment needed.

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