We accept Crypto as payment for investments on our platform https://crowdforangels.com. So if a company is raising money in GBP, an investor can use his ETH, BTC, Dash, etc as payment for the investment (£1,000 for X Eth)

We do this through a process of steps

1) The system automatically quotes the amount which the user intends to invest in a minimum of 5 cryptocurrencys (this uses live market data, with a small adjustment for costs)
2) The user then sends their chosen crypto and the exact amount to the payment gateway
3) After a number of confirmations on the network, the crypto is settled and then immediately converted into fiat (as the investment offering is quoted in fiat, we do not take exchange risk by holding cryptos. If a pitch was asking for a crypto, we do not necessarily need to convert)
4) The fiat is then withdrawn to a segregated client account
-- process complete--


We have used this process since 2017 and as an FCA regulated company, the blockchain works well for transparency. However, negatively refunds can be expensive and if the network is congested and the user has set a 'low' gas fee, for instance, the price quoted and the price actually exchange can be different.

In all honesty, I wish we did more crypto transactions and held crypto on account as well.

Andrew

Just wanted to point out that the price on the website and your post is higher than the 2.5 Cents displayed on the whitepaper? It should be clear what people get.

Furthermore, as a personal observation, why is there a requirement for 1billion tokens - I assume at 18 decimals as its seems to be issued on the Eth blockchain.

With direct experience in the field, there are many reasons that they have not taken off in the same way. But if we put aside the price of crypto it boils down to a few things.

Firstly, STOs require a level of KYC/AML which puts off many investors and makes it difficult. For instance, many individuals in Asian countries do not have passports, thus you need to rely of document authentitication that thrawt with problems.

Secondly, there is no large trading venue because securities require certain regulatory permissions such as a Multilateral Trading Facility License (MTF).

Finally, the relationship between the company, trading venue and companies house (in the uk) is still not established and therefore, its easier for now to utilise nominee structures to hide investors underneath.

I hope this helps

Because I am looking for a GBP Stablecoin

We already accept crypto payments on our site, but instead of having multiple on-ramps and off-ramps, we would like to hold client balances in a stablecoin.

As we are a UK based business, it is preferable to have a GBP stablecoin, rather than a USD one that is open to exchange risk. Any suggestions?

As I mentioned earlier on, you cannot buy the tokens, they are only rewarded through action which helps the community and platform.

For instance, if you join and invite a friend who also joins you get 250 tokens, if you share content you get tokens, so on and so forth helping drive the community forward.

I hope that helps.

The situation regarding Covid and the economy is fluid, therefore it is important that you adapt accordingly, from trimming the fat from costs, utilising free channels of conversation and building relationships.

For the ANGEL token, I would like to see more integration with the platform and we are considering how this can be done and increase the inflow of funds to start-ups at the same time. We are considering allowing the ANGEL tokens to be used as part of an investment payment at a pegged rate (regardless of exchange value).

This way if someone invests £100 they could use a number of tokens to pay for it alongside fiat.

Thanks, we hope our history does show staying power and commitment.

Andrew @ CfA

why have to buy tokens that don't have volume ?, it's very risky, if you want of course you have to be mentally strong, because the project could have died long ago
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I should state Low or No volume, but they should be on CMC and hopefully have a team connected to them - so a project like Bankera or Baer Chain (I have not researched them, just 2 names from CMC)

If you are looking to sell I'm open to offers but I should clarify, that I would prefer to buy from people who have purchased the tokens during ICO and then they have fallen, but they still hold them.

This way I can assume 2 things, one, that they took a personal interest in the project and two, that the company has or had cash

Thanks and I will reach out but bounty hunters, probably only have a small amount.

Overpriced from the start it sounds.

I agree, need to research and watch whats going on.

Congrats to your friend, that is an amazing result.

Maybe the question should be then, what to look at for? As I mentioned, i'd like to still see the team active and it wouldn't hurt to be list on an exchange (small or large) - what would people suggest?

1) Team active
2) Exchange listing
3) (suggest others)

Thanks I was going to cross-reference CMC and IDEX to see what can be picked up. Have to do my own research.

Not into the whole pumping scene and really couldn't get much of a wave started

Thanks for the tip on the altcoin marketplace 

Yes, I am Andrew (CEO @ Crowd for Angels) and a blockchain & crypto fan for a few years now, its why we allow people to use crypto as a payment method on the platform. The future is there.

I backed a project called Polyswarm, who had the nectar token. From ICO it has fallen considerably but the team are still there and they are rolling out their tech. I haven't sold any of my tokens and maybe in 5 years i'll turn a profit, but I like what they do and they are still committed.

As i mentioned, sometimes the coins do gain.

I once invested in Dragon oil (years ago), they raise at around a £1 but dropped back to £0.20p, bought, held for 5 years and they were worth £6+. I have also had colossal fails and people / newbies shouldn't expect to make a profit.

Ultimately if I had £100, £50 BTC, £45 ETH, £3 top 20 and then the £2 on 'dog' coins.

What can I say, I'm either a genius or the biggest fool walking.

Shill me your tokens!

Thanks for the advice and yes i can understand that the likely hood is a loss.

Of course, it has to be of some interest to me personally and its would only make up a small portion of a portfolio, probably not even 2%.

Many of you question my sanity 

Its a little like the AIM Market, buy it now and wait 5 years - some will have done nothing, some will have gone lower and some will have gone up.

The key thing is an active team, if the team has abandoned the project i'm not interested but if they are still attached to the project.

Diversification