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Showing 16 of 16 results by sanbel
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Topic
Board Marketplace (India)
Looking to hire a remote/inhouse Bangaluru based tech team for building exchange
by
sanbel
on 17/12/2017, 09:08:19 UTC
I will be having a 3rd party security audit conducted as well before launch.
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This is for an existing registered company and an NDA will be signed with the team/individual.
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If you are familiar with this kind of work, please get in touch! Smiley
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I am interested in building an exchange from scratch within 3 months. The upfront paid contract  will be for 3 months only. Payment can also be made upon reaching every 2 week milestone slots. Either you or your company representative will need to teach our existing tech team in order for us to maintain the code you build.
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Preferably B'lore based only.
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If I do not respond, I am not interested in your offer.
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Please mention the price quote in the offer and the services you will be able to provide along with your past experience.
p.s:posting on behalf of a friend's registered company. Please be reasonable in your price quote. Bootstrapped.
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Post
Topic
Board India
URGENT : Bangaluru based 30+ Exchange Co-founder Needed !!!
by
sanbel
on 21/11/2017, 08:39:15 UTC
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One last call seeking a fulltime co-founder for this venture before registering a startup as a solo founder. Post and search will be closed in 2 to 3 weeks time.
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Requirements are in the image link shared below. Please only get in touch ONLY if you happen to meet all requirements. Please kindly ignore post otherwise ( I am unable to respond to everyone individually. If you do not meet the criteria and you still want to start your own company in the blockchain space, please feel free to create your own post and I will search for that post and reply to that post if interested). Thank you for your kind understanding Smiley !!
Hopefully the long list of requirements will narrow down our available choice for a SOLO co-founder and save us both our time! Cheers!! 
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https://imgur.com/a/ARH6M
Post
Topic
Board India
Re: OFFERING 6.5 LAKHS ($10K ) for 15% EQUITY in Bitcoin Exchange
by
sanbel
on 14/11/2017, 11:10:09 UTC
Now seeking a fulltime co-founder for this venture. Requirements are in the image link shared below. Please only get in touch if you happen to meet all requirements. Thank you!!
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https://imgur.com/a/ARH6M
Post
Topic
Board India
Re: OFFERING 6.5 LAKHS ($10K ) for 15% EQUITY in Bitcoin Exchange
by
sanbel
on 06/04/2017, 19:21:52 UTC
Hi Everyone,

Thank you for your inputs and your personal messages. I am sorry I could not get back to everyone individually. I intended to put in $10k in return for 8-15% equity in a globally scale-able bitcoin startup ( preferably an exchange). I did not get a 15% equity offer in a globally scale-able startup for $10k. I  now realize that you need much more liquidity to start an exchange and the "money transmission laws" both within a countries borders and across international borders are complex. So this is still an ongoing process and still at the early stages of ideation.  I will update this thread if anything materializes.
Post
Topic
Board Project Development
Re: OFFERING $10K for 15% EQUITY in Bitcoin Exchange
by
sanbel
on 06/04/2017, 17:54:23 UTC
Hi Everyone,

Thank you for your inputs and your personal messages. I am sorry I could not get back to everyone individually. I intended to put in $10k in return for 8-15% equity in a globally scale-able bitcoin startup ( preferably an exchange). I did not get a 15% equity offer in a globally scale-able startup for $10k. I  now realize that you need much more liquidity to start an exchange and the "money transmission laws" both within a countries borders and across international borders are complex. So this is still an ongoing process and still at the early stages of ideation.  I will update this thread if anything materializes.
Post
Topic
Board Project Development
Re: OFFERING $10K for 15% EQUITY in Bitcoin Exchange
by
sanbel
on 13/02/2017, 12:17:26 UTC
You created a similar thread in India section https://bitcointalk.org/index.php?topic=1787526 and looking for someone from preferably from Bangalore to meet in person.
Here in this thread you looking for someone from US,where actually are you based?

I am a global citizen and the company will be "online only" so it shouldn't matter  Grin. I can have the documents shipped and signed. Sad Smiley Smiley Smiley We are talking about
bitcoin here - an online only global virtual currency - come-on!  I'd like the company to be virtual as well and catering only to virtual CIP / KYC verified and AML processed clients.

Background checks will be requested and provided. Next question?
Post
Topic
Board Project Development
Re: OFFERING $10K for 15% EQUITY in Bitcoin Exchange
by
sanbel
on 13/02/2017, 12:03:36 UTC
http://www.privacy-solutions.com/setting-offshore-ibc-seychelles.html

List of TAX HAVENS is on the left column. I am giving this 2 weeks to find the right person to invest in.
Post
Topic
Board Project Development
Re: OFFERING $10K for 15% EQUITY in Bitcoin Exchange
by
sanbel
on 13/02/2017, 11:57:28 UTC
https://www.iras.gov.sg/irashome/GST/GST-registered-businesses/Specific-business-sectors/e-Commerce/

Buying Goods or Services Using Virtual Currencies
When you use virtual currencies to pay for goods or services, the transaction will be considered as a barter trade.

There are two supplies made - one by the supplier who supplies the goods and services, and another by you who use virtual currencies to pay the supplier.

GST will need to be charged on each supply if the respective supplier is GST-registered.

However, if you use virtual currencies to pay a supplier belonging outside Singapore, you need not charge GST as the supply will be zero-rated.

As a concession, if you use virtual currencies to buy virtual goods or services within the gaming world, you need not charge GST until they are exchanged for real monies, goods or services.

Edit: Another URL: http://www.moneysense.gov.sg/Understanding-Financial-Products/Investments/Consumer-Alerts/Virtual-Currencies.aspx

TL;DR
Tax treatment for GST registered Exchanges (>1m revenue) is if a Buyer is registered in Singapore, VAT/GST is applicable.

Hi... Thank you for your well thought-out response.

I would most likely be a passive investor so you would have to lead from the front - which may most importantly include raising additional funds in return for "further" dilution of your 85% equity . I have thought this through - If you have too, please pm me and we can discuss this further. No point in laying out the entire business plan here as there are too many trolls on here.

Please be willing to incorporate the exchange in Seychelles like BitMEX did. I am thinking longterm here - like being profitable or breaking even in 2-3 years ... ( implying 2-3 years no salary or steady stream
of income ).

I have ideas on how to automate the whole end to end process but I am willing to discuss this only with the right person after having discussed how to sign the legal paperwork. Willing to take a bank loan or collateral or rise further funds under my name if we have a prototype ready with a decent customer base after 6 months and if I come across the right CEO or leader material - who is fine with taking over the entire end to end process in return for equity. CEO does not have to be full-time job and certainly wont be getting a full pay-check. It all depends on how much work is involved, how much of the process can be automated and how much of it can be a One man show.
Post
Topic
Board India
Re: OFFERING 6.5 LAKHS ($10K ) for 15% EQUITY in Bitcoin Exchange
by
sanbel
on 12/02/2017, 20:02:11 UTC
getting people to switch-over to your exchange from other exchanges when your idea is nothing new and there are 2630 other similar exchanges, Aggressive Marketing and Acquiring monopolistic customer base - Now THAT will be the hard part.
True. And 10 BTC is a pretty small amount to compete globally.

If the whole buy,sell, order matching and verification process can be automated ...then maybe not. Not seeking a trade engine. Just something to get started and increase brand-name. When you look back in year 2027, you should be able to say - oh  that company was started in year 2017 -  ten years ago - "So" it must be trustworthy. Warna sooch-tay he rehay jaayen-gay.
Post
Topic
Board India
Re: How Indian Bitcoin Exchanges verify KYC?
by
sanbel
on 12/02/2017, 19:41:34 UTC
You could instead do how other exchanges do. Hold your id to the webcam.
Post
Topic
Board India
Re: OFFERING 6.5 LAKHS ($10K ) for 15% EQUITY in Bitcoin Exchange
by
sanbel
on 12/02/2017, 19:32:59 UTC
Wasn't sure under which child forum to post this :

Offering 6.5 lakhs as a passive investor for a planned online only bitcoin exchange/startup/bitcoin remittance company in return for minimum 15-51% equity (equity percentage may be negotiated further down to a MUCH lesser value based on how much additional funds/relevant skills are being brought to the table). Preferred if you have knowledge of how to incorporate a startup in a tax haven outside India with global clients and virtual online only employees. Please respond even if you are unaware how the legal framework and Tech works. Please be willing to take on the "Sole" founder and CEO role ( Founder/CEO role => Low salary (bootstrapping) + raise Funds. Some perspective : Mark Zuckerberg's base annual salary = 70 Rupees )
Prefer if founder is Bengaluru based ( legal paperwork becomes easier ).

So, in short, u want to invest ~10 BTC and want ~15% equity of a global bitcoin exchange?

Yes.  However:
1) I have asked around for current prices and rates for an exchange script and how to setup the whole thing - so I have an idea about the difficulty involved.
Also, 2)  I have specific plans on what exactly needs to be done legally and technically which can be discussed in person. Ideally I would want to be a co-founder but I would be holding a Full time 9-5 job at the same time so yes - I will end-up being just a passive investor.  Setting up or buying an existing exchange is easy. Preventing it from being hacked by social engineering, handling the day to day operations, paying full-time employees monthly pay-check, renting the cloud server space ( if bootstrapping ), preventing DDOS ATTACKS and being the face of the company ( CEO ) in the event of say a 3rd co-founder stealing everything and running away with the bitcoin exchange master key ( Since this will be a global exchange ), getting people to switch-over to your exchange from other exchanges when your idea is nothing new and there are 2630 other similar exchanges, Aggressive Marketing and Acquiring monopolistic customer base - Now THAT will be the hard part.
Post
Topic
Board India
Topic OP
Existing Facebook closed group for Bitcoin Startups Discussion
by
sanbel
on 12/02/2017, 19:02:40 UTC
Got scammed a while back by Ltcgear TWICE ( look up LTCGearSpecials page on Facebook ) and my friend started
this group "Bitcoin and Blockchain Developers and Enthusiasts" to spread awareness about existence of such scams.

Although there are many Whatapps, Telegram and Forums like this for Bitcoin discussion, I personally post content once in 3-4 weeks as a summary
of everything interesting and "relevant" I have come across in this space. Feel free to take a look. It's mostly for Founder, Investor, Miner, Altcoin Trader networking.

Self promotion is restricted to one post in 3 months whenever possible Smiley.

The group is in need of some Fun people Smiley and witty 'bitcoin relevant only' trolls Grin, so if you are one such person, consider it your Paradise!!
The group is closed so that your posts will not show up in your friends public feed and you can post uninhibitedly Cool.
Post
Topic
Board Project Development
Re: OFFERING $10K for 15% EQUITY in Bitcoin Exchange
by
sanbel
on 12/02/2017, 18:28:36 UTC


Do you have the exchange?

I do not. Essentially I am looking to put my money in an online only globally accessible exchange for Equity. BitMEX would be a good exchange/website to model upon or clone for this. Equity is negotiable. Only looking to be passive investor. I understand the offer may come across as ridiculous .. but hey -   Everyone's got to start somewhere. The $10k is only to indicate I am willing to put money where my mouth is.
Post
Topic
Board India
Re: OFFERING 6.5 LAKHS ($10K ) for 15% EQUITY in Bitcoin Exchange
by
sanbel
on 12/02/2017, 17:37:01 UTC
BitMEX is the website name. It is incorporated in Seychelles.

I can meet in person in Bengaluru to sign papers personally.
Post
Topic
Board Project Development
Topic OP
OFFERING $10K for 15% EQUITY in Bitcoin Exchange
by
sanbel
on 12/02/2017, 12:19:06 UTC
Offering $10k as a passive investor for a planned online only bitcoin exchange/startup/bitcoin remittance company in return for minimum 15-51% equity (equity percentage may be negotiated further down to a MUCH lesser value based on how much additional funds/relevant skills are being brought to the table). Preferred if you have knowledge of how to incorporate a startup in a tax haven with global clients and virtual online only employees. Please respond even if you are unaware how the legal framework and Tech works. Please be willing to take on the "Sole" founder and CEO role ( Founder/CEO role => Low salary (bootstrapping) + raise Funds. Some perspective : Mark Zuckerberg's base annual salary = $1 )
Prefer if founder is US based ( legal paperwork becomes easier ).
Post
Topic
Board India
Topic OP
OFFERING 6.5 LAKHS ($10K ) for 15% EQUITY in Bitcoin Exchange
by
sanbel
on 12/02/2017, 11:12:25 UTC
Wasn't sure under which child forum to post this :

Offering 6.5 lakhs as a passive investor for a planned online only bitcoin exchange/startup/bitcoin remittance company in return for minimum 15-51% equity (equity percentage may be negotiated further down to a MUCH lesser value based on how much additional funds/relevant skills are being brought to the table). Preferred if you have knowledge of how to incorporate a startup in a tax haven outside India with global clients and virtual online only employees. Please respond even if you are unaware how the legal framework and Tech works. Please be willing to take on the "Sole" founder and CEO role ( Founder/CEO role => Low salary (bootstrapping) + raise Funds. Some perspective : Mark Zuckerberg's base annual salary = 70 Rupees )
Prefer if founder is Bengaluru based ( legal paperwork becomes easier ).