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I represent Unocoin and I am available to answer any sepcific questions about Unocoin if you are not able to figure it out yourself 
The main question:
1- Client funds are segregated or not?
Please read above for more clarity.
There is a practical issue if this needs to be done in real time in a specific bank account which means for every buy and sell, the amount needs to keep on decreasing and increasing respectively.
Instead what we do is, we maintain a separate bank account with about 1.25x of previous week ending balance (total of INR balance from customers) and we top this up (if less than 1x of ending balance) as and when required on weekly basis.
That's surprising. Who has access to this separate account(signing authority)? Is it an escrow account? Any third party over sight?
Re: Sell BTC for INR (Will give you 1% DISCOUNT from Market Price)
Hello
Im Selling Bitcoin to you with 1% Discount from www.zebpay.com market price
EXAMPLE : Let say Zebpay Buy Price at INR 50,000 / BTC, i will give you 1% discount (INR 500) which is you only pay INR 45,000 / BTC to me.
Escrow are welcome.
Buyer pay first OR use escrow from here https://bitcointalk.org/index.php?topic=855778.0
Method of Payment :
IMPS Bank Transfer
Please PM me to start the transaction.
Thank You
Im Selling Bitcoin to you with 1% Discount from www.zebpay.com market price
EXAMPLE : Let say Zebpay Buy Price at INR 50,000 / BTC, i will give you 1% discount (INR 500) which is you only pay INR 45,000 / BTC to me.
Escrow are welcome.
Buyer pay first OR use escrow from here https://bitcointalk.org/index.php?topic=855778.0
Method of Payment :
IMPS Bank Transfer
Please PM me to start the transaction.
Thank You
Your example has mistakes. Please recheck.
PM me the quantity of BTC available. Interested in 5+ bitcoin only(price dependent). Escrow must. BTC seller pays and arranges for escrow.
Best of luck on the selling.
Re: Please explain the pricing mechanism and basis for ICO's.
With gathered founds 10k BTC will build a platform for investing in crypto. Blockchain also helps it to not be complicated and low cost also because of lack of government regulations.
This platform will be for a regular investor that so far kept their money in bank or in stocks. So an investor with fiat currencies.
This is what Crypto needs. That is why was so much support. And so many here invested in it.
They are first and there is a question if they are to early.
But i am sure what i said is explained in so many articles that was recently published.
About how simple can work is this example. Spells of Genesis. When they had to change their pre ICO promise to burn 1/3 of their tokens (BCY) instead of 1/2 (They burn 1/3 of all BCY they gather from selling cards and with this BCY are getting less and less), because of partnership with publishing company All4Games that is part of Chanel 4 division. They just issued new voting token and send to all shareholders to vote on a decision to accept deal or not. Those that agree sent that token to YES Vallet and those that disagree sent token to NO wallet. Can you imagine what a procedure and costs would be in a normal shareholding company to make such change? Every shareholder would need to provide legally confirmed ...
This platform will be for a regular investor that so far kept their money in bank or in stocks. So an investor with fiat currencies.
This is what Crypto needs. That is why was so much support. And so many here invested in it.
They are first and there is a question if they are to early.
But i am sure what i said is explained in so many articles that was recently published.
About how simple can work is this example. Spells of Genesis. When they had to change their pre ICO promise to burn 1/3 of their tokens (BCY) instead of 1/2 (They burn 1/3 of all BCY they gather from selling cards and with this BCY are getting less and less), because of partnership with publishing company All4Games that is part of Chanel 4 division. They just issued new voting token and send to all shareholders to vote on a decision to accept deal or not. Those that agree sent that token to YES Vallet and those that disagree sent token to NO wallet. Can you imagine what a procedure and costs would be in a normal shareholding company to make such change? Every shareholder would need to provide legally confirmed ...
May be I am being a bit dense here. Still having a tough time understanding this.
What is the "platform"? Where I can put btc and exchange it for a token of value which will then be traded/invested by my selected manager, and I receive returns in token of value and then convert that token to btc(if I want)? If yes, what is the need for an intermediate token?
I can't see anything but a very vague mention in the whitepaper about a platform. The other stuff is just about three funds. What the funds are going to do is vague to say the least. Invest in crypto using crypto with a crypto token to investors.
In a general shareholding company, the costs would not be very significant compared to deal size.
I am not trying to put ICONOMI on trial here, just a general discussion about ICO's and ICONOMI being one of the biggest seems to be the starting point for the discussion.
Loved the monopoly comment about age 7-99.
Iconomi dividends are paid out weekly in Ethereum, which is decent as a payment medium and savings in this scenario.
Question remains. Plus:
Dividends from what? What is the business/business model/revenue?
Re: Please explain the pricing mechanism and basis for ICO's.
With gathered founds 10k BTC will build a platform for investing in crypto. Blockchain also helps it to not be complicated and low cost also because of lack of government regulations.
This platform will be for a regular investor that so far kept their money in bank or in stocks. So an investor with fiat currencies.
This is what Crypto needs. That is why was so much support. And so many here invested in it.
They are first and there is a question if they are to early.
But i am sure what i said is explained in so many articles that was recently published.
About how simple can work is this example. Spells of Genesis. When they had to change their pre ICO promise to burn 1/3 of their tokens (BCY) instead of 1/2 (They burn 1/3 of all BCY they gather from selling cards and with this BCY are getting less and less), because of partnership with publishing company All4Games that is part of Chanel 4 division. They just issued new voting token and send to all shareholders to vote on a decision to accept deal or not. Those that agree sent that token to YES Vallet and those that disagree sent token to NO wallet. Can you imagine what a procedure and costs would be in a normal shareholding company to make such change? Every shareholder would need to provide legally confirmed ...
This platform will be for a regular investor that so far kept their money in bank or in stocks. So an investor with fiat currencies.
This is what Crypto needs. That is why was so much support. And so many here invested in it.
They are first and there is a question if they are to early.
But i am sure what i said is explained in so many articles that was recently published.
About how simple can work is this example. Spells of Genesis. When they had to change their pre ICO promise to burn 1/3 of their tokens (BCY) instead of 1/2 (They burn 1/3 of all BCY they gather from selling cards and with this BCY are getting less and less), because of partnership with publishing company All4Games that is part of Chanel 4 division. They just issued new voting token and send to all shareholders to vote on a decision to accept deal or not. Those that agree sent that token to YES Vallet and those that disagree sent token to NO wallet. Can you imagine what a procedure and costs would be in a normal shareholding company to make such change? Every shareholder would need to provide legally confirmed ...
May be I am being a bit dense here. Still having a tough time understanding this.
What is the "platform"? Where I can put btc and exchange it for a token of value which will then be traded/invested by my selected manager, and I receive returns in token of value and then convert that token to btc(if I want)? If yes, what is the need for an intermediate token?
I can't see anything but a very vague mention in the whitepaper about a platform. The other stuff is just about three funds. What the funds are going to do is vague to say the least. Invest in crypto using crypto with a crypto token to investors.
In a general shareholding company, the costs would not be very significant compared to deal size.
I am not trying to put ICONOMI on trial here, just a general discussion about ICO's and ICONOMI being one of the biggest seems to be the starting point for the discussion.
Loved the monopoly comment about age 7-99.
Re: Buy/Sell BTC for INR. [PayTM] [Bank Transfer] [MobiKwik]
Have 500 rs balance in my freecharge account , ican transfer to any freecharge user account will you provide me Some bitcoins in exchange of that balance
Sorry I don't use freecharge.
Thanks
Re: Buy/Sell BTC Neteller(Sell Only), Pokerstars(Sell only), PayTM, Bank, Cash
With these figures, I don't know how you can claim that India is growing faster than China. And I don't expect India to overtake China, unless they eliminate the bureaucratic red tape and corruption.
Bureaucratic red tape and corruption are very much in mainland China as well. They need govt permission even to launch a website!You are correct.
Just looking at India's position on the ease of business index. The regulatory hurdles, fickle and archaic laws, ever changing stance of government towards businessmen is enough to make sure capital is NOT invested which leads to lower employment, disguised unemployment.
One of the vast and effective job in this world is the money management. Because you need to know where to deposit and how much you will get and when. So need to be very updated about the various schemes and instruments of investment
Yes. Its one of the most demanding jobs in the world, its rewards are in line with the demands and efforts of though.
Re: Please explain the pricing mechanism and basis for ICO's.
When i read ICONOMI white paper i immediately understood what they want to do. Maybe you just need soem more understanding of Crypto to understand. But i am sure now are milion articles and videos about it.
Age here dont matter. Like for playing monopoly from 7-99
Age here dont matter. Like for playing monopoly from 7-99
Hi Febo,
I read through their white paper as well. I was at utterly lost about what they wanted to do and how.
I don't pretend to understand crypto very well, my understanding of financial markets/platforms/instruments would be considered decent.
Would you please explain a bit of their aim and how they achieve it as per your understanding of the whitepaper? It would be great to learn what I am missing.
Thanks
Re: Please explain the pricing mechanism and basis for ICO's.
do you really think there's any rhyme or reason to ico pricing? the only thing most of them will care about is extracting as much btc as possible before it turns to shit.
there are no fundamentals, probably no plans and they certainly wouldn't want to offer a breakdown of how they arrived at whatever valuation.
there are no fundamentals, probably no plans and they certainly wouldn't want to offer a breakdown of how they arrived at whatever valuation.
Sounds like scams waiting to happen.
I would like to see the perspective of someone who is/was investing ICO's.
I just have about 1% invested in bitcoin.
Would never really get more than that amount into BTC unless I have a counter-party trade ready. Or I am looking for a good speculative trade with a clear liquid hedge.
Would never really get more than that amount into BTC unless I have a counter-party trade ready. Or I am looking for a good speculative trade with a clear liquid hedge.
So I was recently offered some ICO tokens(?) as collateral and buy/sell.
I am unable to understand:
1- Investor perspective when giving bitcoins to projects(such as ICONOMI) which in their documentation give NO details.
Or am I not reading this correctly?
2- Once it gets into tradeable mode, valuation model? I can't see half of the offer documents making sense of why they are a value proposition
3- Average age of investors in these projects.
Thanks
I am unable to understand:
1- Investor perspective when giving bitcoins to projects(such as ICONOMI) which in their documentation give NO details.
Or am I not reading this correctly?
2- Once it gets into tradeable mode, valuation model? I can't see half of the offer documents making sense of why they are a value proposition
3- Average age of investors in these projects.
Thanks
Need Airtel money, buying with btc, long term but small amount
private message me your rates, thanks!
private message me your rates, thanks!
Got some airtel money, pm me with your rate. Not looking to bargain.
Thanks
so somebody is offering me bitcoins ridiculously cheap. and he's probably trying to scam me. but it's too good of an offer, i have to see what's up.
how many confirmations is safe? (i'm buying 40btc)
i'm gonna meet him in a bank to be safe. and not gonna hand him any cash until i get the btc.
anything i should be concerned with?
how many confirmations is safe? (i'm buying 40btc)
i'm gonna meet him in a bank to be safe. and not gonna hand him any cash until i get the btc.
anything i should be concerned with?
Everything.
Confirm the source of bitcoins before you go there. Although there would be no way to trace the BTC to you, I still wouldn't get involved in something where the seller is obviously dodgy.
Any person holding 40BTC knows how much he can sell at. While getting quick cash can = discounted price, but the discount can't be unrealistic. If its a very big discount, do 2BTC trades, amount you are willing to give up. Just FYI, the risk doesn't end just because you are meeting at the bank:
1- Meet at bank
2- Transaction goes smoothly, he transfers first.
3- Follows you back to home.
4- Takes BTC kidnaps you because a guy willing to spend that money on bitcoin obviously has some more dough.
Would hope that doesn't happen, but I wouldn't go for such a transaction unless I have traded smaller amounts before and I am not in my own city. Meet at airport, do transaction. Get on a flight back home. Could still be followed but I am willing to take a smaller risk.
40btc is only 25k? what house doesn't have 25k worth of stuff. kidnapping me or following me home seems excessive, when any house has that amount and more.
(i don't live in a 3rd world country)
Mate its not 25k.
25k is liquid cash you are willing to trade. So many assumptions can be made about the persons net worth from that.
If it were at a decent discount I wouldnt blink too much. But as you mentioned its an big discount.
so somebody is offering me bitcoins ridiculously cheap. and he's probably trying to scam me. but it's too good of an offer, i have to see what's up.
how many confirmations is safe? (i'm buying 40btc)
i'm gonna meet him in a bank to be safe. and not gonna hand him any cash until i get the btc.
anything i should be concerned with?
how many confirmations is safe? (i'm buying 40btc)
i'm gonna meet him in a bank to be safe. and not gonna hand him any cash until i get the btc.
anything i should be concerned with?
Everything.
Confirm the source of bitcoins before you go there. Although there would be no way to trace the BTC to you, I still wouldn't get involved in something where the seller is obviously dodgy.
Any person holding 40BTC knows how much he can sell at. While getting quick cash can = discounted price, but the discount can't be unrealistic. If its a very big discount, do 2BTC trades, amount you are willing to give up. Just FYI, the risk doesn't end just because you are meeting at the bank:
1- Meet at bank
2- Transaction goes smoothly, he transfers first.
3- Follows you back to home.
4- Takes BTC kidnaps you because a guy willing to spend that money on bitcoin obviously has some more dough.
Would hope that doesn't happen, but I wouldn't go for such a transaction unless I have traded smaller amounts before and I am not in my own city. Meet at airport, do transaction. Get on a flight back home. Could still be followed but I am willing to take a smaller risk.
Re: Sell any product on Amazon and other online retailer. [ETH] [btc] [altcoins]
Hey are you giving us discount for any items that came from amazon ? If yes Im going to take a try for this because i have something want in amazon , I am waiting it for the big discount that amazon are going to make 50% discount of any items
Hey Docnaster,
Sorry no discounts.
I will try to work out if there is some way to get the discounts.