Introduction
The need for an advance, up to date, user-friendly and most importantly, safe exchange platform is growing every day. As traders/crypto investors trends to have multiple accounts across multiple exchanges to prevent keeping all their eggs in 1 basket.
However, no matter how they diversify their portfolio, there is always that question of withdrawal and taxation. This issue frustrates cryptocurrency investors as many feels that income earned via the blockchain should not be taxed. But as any country's law, all income MUST be taxed. We are hoping, via Invech.io, that our withdrawal and taxation solution will be able to assist all cryptocurrency investors and thus, creating a healthier cryptocurrency society in check with governments regulations posed.
As of August 2018, many cryptocurrency exchanges globally are still struggling to register a cryptocurrency exchanges/ ICO issuing license. As countries around the world start to regulate cryptocurrency. In compliance to the AML act, with the inclusion of banks pressure, we believe very soon every exchanges/ ICO will need to be licensed. With this thought in mind, our first approach is to get the license first instead of launching first. Enabling the cryptocurrency exchange to be in line with any regulatory body or laws that follow. While paying tax to assist the license issuing country as well (Timor Leste).
Exchange
We will take a holistic approach to set up our cryptocurrency exchange. Thus, providing a secure, safe, multilingual and user-friendly environment for all users internationally.
Exchange Features:
- Providing matching orders between buyers and sellers at the best price available
- Supporting multiple currency wallets, allowing centralized, easy implementation of several different cryptocurrencies. All cryptocurrencies will be automatically secure via multi-signature cold storage allowing security and preventing external access.
- Full order book providing the necessary liquidity to instantly buy and sell cryptocurrencies with tight spreads.
- All cryptocurrency funds will be automatically managed by our integrated wallet software. All funds including cryptocurrency and fiat (which will be implemented accordingly)
- We will support but not limited to English, Chinese, Indonesian, Portuguese, Japanese, and Korean on all of our user interfaces. (The very initial release will be in English, Chinese, Indonesian, Portuguese only.) More languages will be added over time.
- Invech will also implement FIAT - Crypto pairings and withdrawals in the near future. We are aiming for USD, HKD, and IDR.
Usage Outside of Invech Cryptocurrency Exchange
Outside of the exchange, IV can also be used in other aspects such as:
- Timor Leste - Invech Foundation
- Tourism
- Hotels
- Casino
- Agriculture
- 2nd exchange - can be used to purchase tangible and intangible digital assets
- Visa on Arrival in Timor Leste (costing US$30 - US$200)
- Invech Payment Gateway
- Open tender system
- Invech Consultancy
Usage of IV outside of the exchange will commence within 1 year of Invech Cryptocurrency Exchange being online.
2nd Exchange is an exchange to transact digital assets, except cryptocurrency. However, the mode of the transaction will only be IV. All digital assets MUST have an audit and passed through a standard listing procedure, similar to an Initial Public Offering.
Initial Exchange Offering (IEO)
We will be starting an IEO where the Tokens will be directly sold via our exchange ONLY.
Benefits of having or holding IV token.
- Multi-Platform - Invech Token will be used on all platform of Invech Group's business.
- Exchange Discount - Get up to 60% discount on transaction fee when trading with IV Token.
- Peer-to-Peer Payment - Ability to use it as P2P payment for business and individual. Mobile wallet to be released.
- Early Bird Discounts - IEO participants can own IV Tokens at a discounted rate and enjoy token appreciation upon completion of IEO.
- Crypto-Fiat - Platform for the conversion of IV Token to Fiat to be launched in 2019.
- Recognized - IV Token is recognized as a legitimate cryptocurrency by the government of Timor Leste.
- To be widely accepted - Aims to be the main mode of payment for Timor Leste - Blockchain Smart City.
- Low-Risk investment - Invech is a licensed body from the Government of Timor Leste to conduct and regulate crypto related business.
IEO Sales
175,000,000 IV will be open for the public
IEO will run for 60 days starting from 1st November 2018.
Phase 1 - 30 days: 75,000,000 IV @ 20% discount. Locked in for 6 months
Phase 2 - 30 days: 100,000,000 IV @ 10% discount. Locked in for 9 months
Unsold IV Tokens at IEO will be given to the Timor Leste - Invech Foundation with a vesting period of 3 years
Soft Cap: 75,000,000 IV Tokens (USD 24,000,000)
Hard Cap: 100,000,000 IV Tokens (USD 60,000,000)
Pricing at IEO
Phase 1: US$0.32 (after 20% discount)
Phase 2: US$0.36 (after 10% discount)
MORE INFORMATION
========================================================================
Created by: 15persenlucky
Profile link: 0x1997B312D6e9cB863f939f9a7cEa3A36Ec185E69
ETH address: https://bitcointalk.org/index.php?action=profile;u=1210666
No comments:
Post a Comment