Yeah, the 6% is getting me too. Its just too much. Token holders should get a portion, or lower it.
What markets is this targeting? What countries? In the US would you need a disclaimer with possible tax implications? I can imagine a grandpa buys it for his grandson in November and gives it for Christmas. The change in value should be taxed now. Which is ridiculous but is what it is this year at least.
How will it reach stores? Do you have to individually market it to each store or are there groups that handle getting gift cards into the store?
Please also bear in mind that we plan to target the people not able of purchasing cryptocurrencies through the current ways, or simply for encouraging people to gift eachother cryptocurrencies in the form of a gift card in order for them to start learning how to use/trade/send cryptocurrencies. And given the (current) market fluctuations, we are confident this fee will be insignificant considering we estimate that more than 50% of the cards won't be redeemed within a month after purchase.
We will of course constantly look into new coins to add to our platform and perhaps even add them as a separate gift cards, next to our current Bitcoin, Ethereum and Etcetera cards. Community input will be very important here.
As for taxation etc.: we will look into every country separately, as Ief (@crynvestor) said, we can't disclose any information regarding this at this moment, but we will of course start with the countries most eager to accept and allow cryptocurrencies. Legal talks will go better in one country than the other, but we will update our community transparantly upon official (contractual and legal) agreements and we will of course follow world wide regulations closely. A quick google search will get you just as far, but here are some of the latest regulatory articles regarding cryptocurrencies we have been following:
https://www.crypto-economy.net/the-ico-regulations-worldwide/?lang=enhttp://www.businessinsider.com/blockchain-cryptocurrency-regulations-us-global-2017-10?international=true&r=US&IR=Thttps://www.coindesk.com/2017-in-review-how-the-world-regulated-crypto/https://news.blackmooncrypto.com/cryptocurrency-regulation-cross-country-analysis-67452f1df80eAs for the markets we're targeting: cryptocurrencies and ICO market combined with the gift card market. I guess the market for cryptocurrencies will not have to be explained here at BitcoinTalk, but as for the gift card market we have shared this article on our social media platforms not so long ago:
http://www.digitaljournal.com/pr/3352089/Please let us know if you have any more questions!