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Author Topic: [ANN] TagCoin - The world's first cryptocurrency for Rewards  (Read 256298 times)
tagbond
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October 31, 2013, 03:14:33 PM
 #481

@MobGod 5k?...

The requirements of the Bangko Sentral here in the Philippines for our Electronic Money License requires 100m Pesos, which converts to about USD $2.3m (You can always check Tagcash Ltd with the SEC here). We need this to operate legally and offer the cash and crypto wallet system to the Philippines, which we are also offering worldwide. If anyone knows of GCash and Smartmoney (similar to MPesa in Kenya), then you will know what we are working on.

We are developing the Tagcash.net crypto exchange which should launch soon, and working with the Central Bank here to make sure that regulations are created and adhered to. The laws are quite strict, and offers protection for our customers in a way that other exchanges are not bothering with. All deposits have to be ringfenced and audited often to make sure balances in real funds are equivalent to our Tagbond balances - that goes for crypto as well, most of which will be held in cold storage in bank vaults.

So no, not a small investment..:-) I would like to support stable and supported crypto currencies via the Tagbond and Tagcash platforms, and this forum currently serves as a way to educate myself and others to make sure we do it right.

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alcurex.com THE FIRST TRUE MULTI EXCHANGE


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October 31, 2013, 03:30:06 PM
 #482

@MobGod 5k?...

The requirements of the Bangko Sentral here in the Philippines for our Electronic Money License requires 100m Pesos, which converts to about USD $2.3m (You can always check Tagcash Ltd with the SEC here). We need this to operate legally and offer the cash and crypto wallet system to the Philippines, which we are also offering worldwide. If anyone knows of GCash and Smartmoney (similar to MPesa in Kenya), then you will know what we are working on.

We are developing the Tagcash.net crypto exchange which should launch soon, and working with the Central Bank here to make sure that regulations are created and adhered to. The laws are quite strict, and offers protection for our customers in a way that other exchanges are not bothering with. All deposits have to be ringfenced and audited often to make sure balances in real funds are equivalent to our Tagbond balances - that goes for crypto as well, most of which will be held in cold storage in bank vaults.

So no, not a small investment..:-) I would like to support stable and supported crypto currencies via the Tagbond and Tagcash platforms, and this forum currently serves as a way to educate myself and others to make sure we do it right.

Good to hear there is finally coin dev with serious business activity.

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October 31, 2013, 03:35:21 PM
 #483

@MobGod 5k?...

The requirements of the Bangko Sentral here in the Philippines for our Electronic Money License requires 100m Pesos, which converts to about USD $2.3m (You can always check Tagcash Ltd with the SEC here). We need this to operate legally and offer the cash and crypto wallet system to the Philippines, which we are also offering worldwide. If anyone knows of GCash and Smartmoney (similar to MPesa in Kenya), then you will know what we are working on.

We are developing the Tagcash.net crypto exchange which should launch soon, and working with the Central Bank here to make sure that regulations are created and adhered to. The laws are quite strict, and offers protection for our customers in a way that other exchanges are not bothering with. All deposits have to be ringfenced and audited often to make sure balances in real funds are equivalent to our Tagbond balances - that goes for crypto as well, most of which will be held in cold storage in bank vaults.

So no, not a small investment..:-) I would like to support stable and supported crypto currencies via the Tagbond and Tagcash platforms, and this forum currently serves as a way to educate myself and others to make sure we do it right.
I understand but don't you need to also file in every state in the U.S. ?

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October 31, 2013, 03:47:35 PM
 #484

We are not a US based company with no banking there, so really if a state wants to go to court they have to come to us here in the Philippines, and they won't do that till we are big enough to matter. At that point the business will be big enough for us to take on MTL in all states or to work with a partner who will handle that for us - We take our AML/KYC seriously, and have registered with Fincen already, but don't want to be hamstrung by different states as we start to build our business.

We did try to work with existing companies that license their MTL, but they are all avoiding anyone who handles crypto currency as part of their business. Not surprising since they are tied so closely with credit card companies and banks that don't want to risk what they have. I am willing to risk a bit, but just like Square, there comes a time to bite the bullet and become licensed if it is worth it. If not then we just disable certain features of money transfer for USA citizens. We are some way off that point at the moment.

However, this is worthy of discussion - when we decide to go that route, anyone know truly how much it costs? - I have heard anything from 150k if you do it yourself to 25m if you use lots of lawyers and have no business background..:-) - I have a feeling that a lot of lawyers tend to make it sound really difficult so as to pump up their fees...

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October 31, 2013, 04:03:33 PM
 #485

First ten TAG ID posted here will get 1 tagcoin each sent to their tagbond wallet.   Grin


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October 31, 2013, 04:06:06 PM
 #486

ID 4284

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October 31, 2013, 04:11:52 PM
 #487

First ten TAG ID posted here will get 1 tagcoin each sent to their tagbond wallet.   Grin


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Very generous of you, would like to see how this works inside TagBond
ID 4201

Sent.  Please confirm if you received it.  This is my first time sending it.


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October 31, 2013, 04:30:52 PM
 #488

ID 12830

Thanks in advance! Smiley
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October 31, 2013, 04:44:04 PM
 #489

Sent.


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October 31, 2013, 04:45:08 PM
 #490

You can also do exactly the same thing, sending to anyone, from a beta app we created for Android. please check it out, there are no transaction fees.

http://tagcoin.org/TagCash_V3.0.apk

It also works with any RFID or NFC tag that you have connected to your account, which you can also connect to your ID using any samsung, sony or other phones/tablets with NFC enabled. We use silicon bracelets and smartcards, so you quickly just scan the bracelet or card and if connected to the account it asks which wallet you want to take money from to pay someone and adds their ID in ..then just enter the amount, enter a note and then send. Easy.

We also have a merchant ID for charging...but that will be for merchants we verify...and there are some safeguards to protect from fraud...ask for details if you want to know more.

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October 31, 2013, 04:47:01 PM
 #491

4289

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October 31, 2013, 04:49:53 PM
 #492

that is great, thank you!

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October 31, 2013, 04:54:45 PM
 #493

Signed up just for the giveaway 12831

Thanks  Cheesy

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October 31, 2013, 04:56:56 PM
 #494

First ten TAG ID posted here will get 1 tagcoin each sent to their tagbond wallet.   Grin


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October 31, 2013, 05:01:39 PM
 #495

4241
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October 31, 2013, 05:11:41 PM
 #496

ID 4228
Thanks!
tagbond
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October 31, 2013, 05:23:28 PM
 #497

Here's an extra giveaway for owners of Android NFC phones (or whoever can use one) - download the TAG Personal Cash wallet and login using your ID, then tap any rfid or nfc tag (smartcards, bracelets etc) to the phone and it will ask which ID to bind it to - add it and then send me your ID to check it and reward you with 5 TAG

Open to the first 20 users that do it...

http://tagcoin.org/TagCash_V3.0.apk

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October 31, 2013, 05:47:26 PM
 #498

How do you deposit altcoins to the wallet balances?

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October 31, 2013, 05:58:35 PM
 #499

tagbond

"Pow/PoS hybrid (1.5% yearly interest, PoS blocks generated after 30 days of coin age)"

What is the minimum amount TagCoin must enter on the wallet for generate coins?

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October 31, 2013, 06:05:40 PM
 #500

All sent.  Two more TAG ID for a free TAG...

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