PRESS RELEASE. Iskra is a web3 community gaming platform that has raised $40M from Korean tech giants Krust and Wemade, Netmarble and LINE Studio. It plans to host its first Token Generation Event on global exchange Gate.io. TGE will take place on Thursday, September 29th, 2022 at 9:00 UTC.
This TGE is a significant milestone for the project. Gate.io is proud to be a partner in this endeavor to create its ISK token value, provide global access, and to launch Iskra's main components. Iskra continues to make progress despite difficult market conditions and launched major components of its platform.
Eligible users can get up to 500,000 ISK Tokens as part of the Gate.io Startup Program. They can stake USDT beginning September 28th, 2022 at 6:00 AM UTC and continuing for 24 hours. Users can find more details on the Gate.io website (https://www.gate.io/startup).
Eugene Lee, CEO of Iskra, commented that "We are lucky to work with and launch one of the top ten trading exchanges in this world." Gate.io boasts over 10,000,000 users from over 224 countries, with an average daily trading volume of $12B +.
About Iskra
Iskra ( https://www.iskra.world ) is the Future of Play. Some of Korea's most prestigious technology and gaming companies have backed the Company. ISKRA's community-forward model aligns the interests of the community by rewarding its participants based on their participation and incorporating sustainable tokenomic solutions to game developers who join its platform. The Company also aims to bridge the gap between early adopters of web3 and mainstream users by combining enjoyment and sustainability with the most recent in blockchain technology.
About Gate.IO
Established in 2013, Gate.io (https://www.gate.io) is one of the oldest, leading cryptocurrency exchanges with over 10 million users worldwide, offering services including digital assets trade, decentralized finance, research and analytics, venture capital investing, labs, and more. It has been verified by the Blockchain Transparency Institute, (BTI) and consistently ranks among the top 10 cryptocurrency trading exchanges on CoinGecko based on liquidity. Gate.io has been rated 4.5 by Forbes Advisor in the Best Crypto Exchanges 2021.
This is a press release. Before taking any action related to the promoted company, or any of its affiliates, or services, readers should do their research. Bitcoin.com does not assume any responsibility for any loss or damage caused by the content, goods, or services in the press release.
Frequently Asked Questions
Is it a good idea to open a Precious Metal IRA
The most important thing you should know before opening an IRA account is that precious metals are not covered by insurance. If you lose money in your investment, nothing can be done to recover it. All your investments can be lost due to theft, fire or flood.
You can protect yourself against such losses by purchasing physical gold and silver coins. These items are timeless and have a lifetime value. You would probably get more if you sold them today than you paid when they were first created.
When opening an IRA account, make sure you choose a reputable company offering competitive rates and high-quality products. You should also consider using a third party custodian to protect your assets and give you access at any time.
You won't get any returns until you retire if you open an account. Remember the future.
How much money should my Roth IRA be funded?
Roth IRAs let you save tax on retirement by allowing you to deposit your own money. The account cannot be withdrawn from until you are 59 1/2. If you decide to withdraw some of your contributions, you will need to follow certain rules. First, your principal (the original deposit amount) cannot be touched. You cannot withdraw more than the original amount you contributed. If you take out more than the initial contribution, you must pay tax.
You cannot withhold your earnings from income taxes. Also, taxes will be due on any earnings you take. Let's take, for example, $5,000 in annual Roth IRA contributions. Let's also assume that you make $10,000 per year from your Roth IRA contributions. You would owe $3,500 in federal income taxes on the earnings. That leaves you with only $6,500 left. The amount you can withdraw is limited to the original contribution.
So, if you were to take out $4,000 of your earnings, you'd still owe taxes on the remaining $1,500. You would also lose half of your earnings because they are subject to another 50% tax (half off 40%). So even though you received $7,000 in Roth IRA contributions, you only received $4,000.
Two types of Roth IRAs are available: Roth and traditional. Traditional IRAs allow for pre-tax deductions from your taxable earnings. Your traditional IRA can be used to withdraw your balance and interest when you are retired. A traditional IRA can be withdrawn up to the maximum amount allowed.
Roth IRAs don't allow you deduct contributions. Once you are retired, however, you may withdraw all of your contributions plus accrued interest. There is no minimum withdrawal requirement, unlike traditional IRAs. It doesn't matter if you are 70 1/2 or older before you withdraw your contribution.
Can I hold a gold ETF in a Roth IRA?
While a 401k may not offer this option for you, it is worth considering other options, such an Individual Retirement Plan (IRA).
A traditional IRA allows for contributions from both employer and employee. A Employee Stock Ownership Plan, or ESOP, is another way to invest publicly traded companies.
An ESOP can provide tax advantages, as employees are allowed to share in company stock and the profits generated by the business. The tax rate on money that is invested in an ESOP is lower than if it was held in the employees' hands.
An Individual Retirement Annuity (IRA) is also available. An IRA allows you to make regular payments throughout your life and earn income in retirement. Contributions to IRAs don't have to be taxable
Is buying gold a good way to save money for retirement?
Buying gold as an investment may not seem very appealing at first glance, but when you consider how much people spend on average on gold per year worldwide, it becomes worth considering.
Physical bullion is the most popular method of investing in gold. There are other ways to invest gold. The best thing to do is research all options thoroughly and then make an informed decision based on what you want from your investments.
If you don’t need a safe place for your wealth, then buying shares of mining companies or companies that extract it might be a better alternative. If you are looking for cash flow from your investment, buying gold stocks will work well.
ETFs are an exchange-traded investment that allows you to gain exposure to the market for gold. You hold gold-related securities and not actual gold. These ETFs typically include stocks from gold miners, precious metallics refiners, commodity trading companies, and other commodities.
What is the benefit of a gold IRA?
The benefits of a gold IRA are many. It's an investment vehicle that allows you to diversify your portfolio. You control how much money goes into each account and when it's withdrawn.
You have the option of rolling over funds from other retirement account into a gold IRA. This allows you to easily transition if your retirement is early.
The best part about gold IRAs? You don't have to be an expert. They are readily available at most banks and brokerages. Withdrawals are made automatically without having to worry about fees or penalties.
But there are downsides. Gold is known for being volatile in the past. Understanding why you want to invest in gold is essential. Do you want safety or growth? Do you want to use it as an insurance strategy or for long-term growth? Only by knowing the answer, you will be able to make an informed choice.
If you want to keep your gold IRA open for life, you might consider purchasing more than one ounce. You won't need to buy more than one ounce of gold to cover all your needs. Depending on the purpose of your gold, you might need more than one ounce.
You don't need to have a lot of gold if you are selling it. You can even manage with one ounce. You won't be capable of buying anything else with these funds.
How does a Gold IRA account work?
People who wish to invest in precious metals can use Gold Ira accounts as a tax-free investment vehicle.
You can purchase gold bullion coins in physical form at any moment. To start investing in gold, it doesn't matter if you are retired.
The beauty of owning gold as an IRA is you can hold on to it forever. Your gold holdings won't be subject to taxes when you pass away.
Your heirs can inherit your gold and avoid capital gains taxes. You don't need to include your gold in your final estate report, as it isn't part of the estate.
You'll first have to set up an individual retirement account (IRA) to open a gold IRA. Once you've done so, you'll be given an IRA custodian. This company acts as a middleman between you and the IRS.
Your gold IRA Custodian will manage the paperwork and submit all necessary forms to IRS. This includes filing annual reporting.
After you have established your gold IRA you will be able purchase gold bullion coin. The minimum deposit is $1,000. The minimum deposit is $1,000. However, you will receive a higher percentage of interest if your deposit is greater.
Taxes will apply to gold that you take out of an IRA. You'll have to pay income taxes and a 10% penalty if you withdraw the entire amount.
If you only take out a very small percentage of your income, you may not need to pay tax. There are exceptions. For example, taking out 30% or more of your total IRA assets, you'll owe federal income taxes plus a 20 percent penalty.
You should avoid taking out more than 50% of your total IRA assets yearly. If you do, you could face severe financial consequences.
Statistics
- Contribution limits$6,000 (49 and under) $7,000 (50 and up)$6,000 (49 and under) $7,000 (50 and up)$58,000 or 25% of your annual compensation (whichever is smaller) (lendedu.com)
- If you take distributions before hitting 59.5, you'll owe a 10% penalty on the amount withdrawn. (lendedu.com)
- The price of gold jumped 131 percent from late 2007 to September 2011, when it hit a high of $1,921 an ounce, according to the World Gold Council. (aarp.org)
- If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal, so you would owe income tax on the item's value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (forbes.com)
- (Basically, if your GDP grows by 2%, you need miners to dig 2% more gold out of the ground every year to keep prices steady.) (smartasset.com)
External Links
wsj.com
- Saddam Hussein's InvasionHelped Uncage a Bear In 90 – WSJ
- Do you want to keep your IRA gold at home? It's not exactly legal – WSJ
bbb.org
finance.yahoo.com
investopedia.com
- Are You a Good Candidate for a Gold IRA
- What are the Options Types, Spreads, Example, and Risk Metrics
How To
Tips for Investing in Gold
Investing in Gold is one of the most popular investment strategies worldwide. There are many benefits to investing in gold. There are many ways to invest gold. Some people purchase physical gold coins. Others prefer to invest their money in gold ETFs.
Before you buy any type of gold, there are some things that you should think about.
- First, make sure you check if your country allows you own gold. If your country allows you to own gold, then you are allowed to proceed. Or, you might consider buying gold overseas.
- The second thing you need to do is decide what type of gold coins you want. You can go for yellow gold, white gold, rose gold, etc.
- Thirdly, you should take into consideration the price of gold. It is better to start small, and then work your way up. Diversifying your portfolio is a key thing to remember when purchasing gold. Diversifying your portfolio should be a priority, including stocks, bonds and real estate.
- Last but not least, remember that gold prices fluctuate frequently. Be aware of the current trends.
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By: Media
Title: Web3 Game Platform Iskra Raises $40M, Partners with Gate․io for Token Generation Event
Sourced From: news.bitcoin.com/web3-game-platform-iskra-raises-40m-partners-with-gate%e2%80%a4io-for-token-generation-event/
Published Date: Thu, 22 Sep 2022 05:00:38 +0000
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