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Author Topic: We are ready to launch our ICO. How to, Funds to Fiat?  (Read 17 times)
MrGringoPy
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August 07, 2018, 05:48:38 PM
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Hi.
We are about to launch our ICO but do not know how or where to convert funds to Fiat.
 
We are based in South America and have created a Coin that is the means by which one can invest in our Gold Mine.  All Coin Holder will receive 45% monthly net profits of the Gold Mining Company in the form of BTC or ETH. The profits are directly connected to the profits of the Gold Mine.

Any advice would be appreciated.
Thanks.
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cetald
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August 07, 2018, 05:52:44 PM
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For assistance in conducting ICO, I recommend contacting experienced advisers. It can even be investment funds. In your case, for sure, will be needed escrow.

Oniko
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August 07, 2018, 06:06:05 PM
 #3

Hi.
We are about to launch our ICO but do not know how or where to convert funds to Fiat.
 
We are based in South America and have created a Coin that is the means by which one can invest in our Gold Mine.  All Coin Holder will receive 45% monthly net profits of the Gold Mining Company in the form of BTC or ETH. The profits are directly connected to the profits of the Gold Mine.

Any advice would be appreciated.
Thanks.


If you do not know how to solve this issue, maybe you should not hold an ICO?

You can convert it through exchange offices in your country, through a crypto exchange or Coinbase

I think you should think well before the start of ICO

MrGringoPy
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August 07, 2018, 06:37:55 PM
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Hi Oniko.

The problem is that we don’t have Exchanges or Banks here that work with Cryptocurrencies. So, we have to convert the funds in say the USA of Europe. This implicates a lot of difficult paperwork for us plus to find the right person to talk to at a bank has proved imposable for us. I guess it would be much easier if we lived in the same country as the bank or spoke English with the same accent as the person on the phone. 😊
If I remember correctly, Coindesk and some others are only for USA residents.  People from South America cannot register with Coindesk.
Our Team has put in 9 months of work into this ICO but we have left the converting Funds to Fiat for last.
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