RE: Input needed: What do you think about a token 'linked' to my future trading profits & backed by HBD?

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Yes do it, I think you'd get a lot of takers.

Just sort your tax base out first before you give your identity away to anyone.

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So far I'm feeling very impressed by the general reception, tbh didn't expect this and I'm feeling very welcomed on the matter so I'll be probably be pushing this ahead. :)

What do you mean by 'tax base' exactly?

Do you refer to taxes? (paid to the government and all that stuff from my side) or some kind of 'management tax' on the fund?

Thanks for the input revise.

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You're already thinking about it more deeply than I am! The tax issue - I was really just thinking about if from your own perspective -

I'm sure what you're planning means you're personally liable for all tax on any gains made even from other people's money.

It'd be better for you if you were in Portugal where there's zero tax on crypto compared to the UK, where it's taxed in a couple of different was potentially.

Of course if you think you can remain anonymous, that's a headache removed.

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(Edited)

I'll be treating the new token as a new purchase from my legal side of things.

Same as LBI or LEOM. Let me show you how I'm managing it:

(open in new tab)

earnings.png

Given that my accounting app (cointracking) doesn't found anywhere LBI or LEOM price data the app assumes that the tokens are worth 0 (but I paid what I paid at the time of the purchase).

When I sell (if ever!) those tokens I will declare the profit (and thus I'll pay the corresponding taxes on earnings).

With the new token, it will be the same (I'll purchase 'X' tokens with 'Y' HBD, and later the stash will be sold for a profit).

The main difference, in that case, is that I would be the 'operator' of the token (as I minted it).

Still don't know what are the implications of this (tokenizing your business). As my 'business', (trading) doesn't require me to pay freelance taxes.

Lots of research to be done. But I'll be launching the token anyway (or at least an MVP while I keep researching/working on the legal side of things).

As I told another user before, your main concern should be If I'm 'trusted' or not.

If your guessing is that I'm not, well, then don't touch my token.

If your answer is yes, then buy it and keep calm that If something ever goes wrong I'll close the door and return until the last penny to everyone.

Hope that helps :)

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You strike me as pretty trustworthy, I'll most certainly have a punt on your token, something else to look forward to!

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