PRESS RELEASE. Stockholm, September 22nd, 2018: The beauty NFT is a new product from FOREO, the Swedish beauty-tech company. FOREO has been able to use blockchain technology to challenge the traditional skincare protocols and make it possible for people to have access.
Brands now have the chance to reach new markets and connect with younger generations through innovative, tailored skincare products that reflect industry standards. The FOREO CEO, Boris Trupcevic is leading this beauty-tech disruption. He has created a trusting and inclusive community that will help to promote great skin and mental health. LUNA NFTs promote a healthy relationship between beauty and technology. They highlight the benefits of great skincare regimens and how they are made for a socially conscious approach to their customers.
TO HELP THEM, FOREO will donate all proceeds from NFT trades and sales to three worthy charities: Hope Givers, Tjejzonen and Scleroderma Research Foundation. This charity works to promote self-love, happiness, and a healthier outlook.
Interested parties will be able buy digital versions before the release of their chosen LUNA4 products – there are five different NFTs to choose from. Each product has 50 variants. There are 250 limited edition NFTs to be enjoyed. A unique edition NFT will also be launched. Miriam, a standout female designer, has been working with FOREO to bring her brand of stylish, artistic concepts to the launch. For more information, click here
How a person's skin feels can have a significant impact on their mental health. This is why the beauty industry has an obligation to create and market products that are safe and accessible for all skin types.
For far too long, there has been an emphasis on unrealistic beauty standards. Now is the time for industry to shift and provide skincare to those who truly need it. FOREO continues to innovate in technology, products, and business models in order to better meet the changing needs of digital consumers. The brand sits at the intersection between beauty and mental well-being. They are redefining the way skincare is accessed using NFTs and shining a light on what it means to be happy in your own skin.
These are the fundamental principles that drive FOREO's newest skin care range LUNA 4.
The LUNA facial brush is the most popular in the world. Now, the LUNA 4 takes a great design and makes it even more amazing. The LUNA 4 offers a more gentle feel thanks to soft silicone touchpoints. It also features five massage modes that allow for deeper cleansing and improved circulation. The LUNA 4 digital body brush is the first to include NIR LED light for heating, and microcurrent capabilities that can combat cellulite. These amazing features allow for immediate, visible results in just three steps. Start with the LUNA 3 cleanser and complete the 1-minute routine. Then, you can use the UFO2 supercharged 2-minute facial for deep skin penetration. Final step: Finish with the BEAR facial tone device.
FOREO, a pioneer in beauty tech, is revolutionizing the way people think about premium skincare. Fans can benefit from LED light therapy, TSonic pulsesations, Cryotherapy and Microcurrents for a cost-effective way to improve skin health.
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
How to Open a Precious Metal IRA?
It is important to decide if you would like an Individual Retirement Account (IRA). To open the account, complete Form 8606. Then you must fill out Form 5204 to determine what type of IRA you are eligible for. This form should be filled within 60 calendar days of opening the account. After this, you are ready to start investing. You might also be able to contribute directly from the paycheck through payroll deduction.
Complete Form 8903 if your Roth IRA option is chosen. Otherwise, the process will be identical to an ordinary IRA.
You’ll need to meet specific requirements to qualify for a precious metals IRA. The IRS stipulates that you must have earned income and be at least 18-years old. You cannot earn more than $110,000 annually ($220,000 if married filing jointly) in any one tax year. Contributions must be made on a regular basis. These rules apply whether you’re contributing through an employer or directly from your paychecks.
You can use a precious metals IRA to invest in gold, silver, palladium, platinum, rhodium, or even platinum. However, you can’t purchase physical bullion. You won’t have the ability to trade stocks or bonds.
You can also use your precious metallics IRA to invest in companies that deal with precious metals. This option is offered by some IRA providers.
However, investing in precious metals via an IRA has two serious drawbacks. They aren’t as liquid as bonds or stocks. It’s also more difficult to sell them when they are needed. Second, they don’t generate dividends like stocks and bonds. You’ll lose your money over time, rather than making it.
Should you open a Precious Metal IRA
It is essential to be aware of the fact that precious metals do not have insurance coverage before opening an IRA. There is no way to recover money that you have invested in precious metals. This includes any loss of investments from theft, fire, flood or other circumstances.
You can protect yourself against such losses by purchasing physical gold and silver coins. These coins have been around for thousands and represent a real asset that can never be lost. These items are worth more today than they were when first produced.
Consider a reputable business that offers low rates and good products when opening an IRA. You should also consider using a third party custodian to protect your assets and give you access at any time.
When you open an account, keep in mind that you won’t receive any returns until your retirement. Do not forget about the future!
How does a gold IRA account work?
Individuals who want to invest with precious metals may use the Gold Ira accounts, which are tax-free.
You can buy physical gold bullion coins at any time. You don’t have a retirement date to invest in gold.
You can keep gold in an IRA forever. You won’t have to pay taxes on your gold investments when you die.
Your heirs will inherit your gold, and not pay capital gains taxes. Because your gold doesn’t belong to the estate, it’s not necessary to include it on your final estate plan.
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 an intermediary between you and IRS.
Your gold IRA custodian is responsible for handling all paperwork and submitting the required forms to the IRS. This includes filing annual reports.
After you have established your gold IRA you will be able purchase gold bullion coin. Minimum deposit required is $1,000 However, you’ll receive a higher interest rate if you put in more.
When you withdraw your gold from your IRA, you’ll pay taxes on it. If you are withdrawing your entire balance, you will owe income tax plus a 10% penalty.
However, if you only take out a small percentage, you may not have to pay taxes. However, there are exceptions. If you take out 30% of your total IRA assets or more, you will owe federal income taxes and a 20 percent penalty.
Avoid taking out more that 50% of your total IRA assets each year. You’ll be facing severe financial consequences if you do.
Can I buy gold using my self-directed IRA
While you can purchase gold from your self-directed IRA (or any other brokerage firm), you must first open a brokerage account such as TD Ameritrade. You can also transfer funds from another retirement account if you already have one.
The IRS allows individuals contributing up to $5.500 each ($6,500 if married, filing jointly) into a traditional IRA. Individuals can contribute as much as $1,000 per year ($2,000 if married filing jointly) to a Roth IRA.
If you do decide you want to invest your money in gold, you should look into purchasing physical bullion instead of futures contracts. Futures contracts can be described as financial instruments that are determined by the gold price. They allow you to speculate on future prices without owning the metal itself. Physical bullion, however, is real gold and silver bars that you can hold in your hand.
Are gold investments a good idea for an IRA?
If you are looking for a way to save money, gold is a great investment. You can diversify your portfolio with gold. But there is more to gold than meets the eye.
It has been used as a currency throughout history and is still a popular method of payment. It is often called “the oldest currency in the world.”
Gold, unlike other paper currencies created by governments is mined directly from the earth. That makes it very valuable because it’s rare and hard to create.
The supply and demand for gold determine the price of gold. The economy that is strong tends to be more affluent, which means there are less gold miners. As a result, the value of gold goes up.
On the flip side, when the economy slows down, people hoard cash instead of spending it. This means that more gold is produced, which reduces its value.
This is why it makes sense to invest in gold for individuals and companies. You’ll reap the benefits of investing in gold when the economy grows.
Your investments will also generate interest, which can help you increase your wealth. In addition, you won’t lose any money if gold falls in value.
What is a Precious Metal IRA and How Can You Benefit From It?
A precious metal IRA allows for you to diversify your retirement savings in gold, silver, palladium and iridium. These metals are known as “precious” because they are rare and extremely valuable. These metals are great investments and can help protect your financial future from economic instability and inflation.
Precious metals often refer to themselves as “bullion.” Bullion refers actually to the metal.
Bullion can be bought via various channels, such as online retailers, large coin dealers and grocery stores.
You can invest directly in bullion with a precious metal IRA instead of buying shares of stock. This allows you to receive dividends every year.
Precious metal IRAs have no paperwork or annual fees. You pay only a small percentage of your gains tax. Additionally, you have access to your funds at no cost whenever you need them.
Who is the owner of the gold in a gold IRA
The IRS considers gold owned by an individual to be “a type of money” and is subject taxation.
To be eligible for the tax-free status, you must possess at least $10,000 gold and have had it stored for at least five consecutive years.
Owning gold can also help protect against inflation and price volatility, but it doesn’t make sense to hold gold if you’re not going to use it.
If you plan on selling the gold someday, you’ll need to report its value, which could affect how much capital gains taxes you owe when you cash in your investments.
You should consult a financial planner or accountant to see what options are available to you.
Statistics
- This is a 15% margin that has shown no stable direction of growth but fluctuates seemingly at random. (smartasset.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)
- Instead, the economy improved, stocks rebounded, and gold plunged, losing 28 percent of its value in 2013. (aarp.org)
- 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)
External Links
cftc.gov
investopedia.com
irs.gov
forbes.com
- Gold IRA, Add Sparkle to Your Retirement Nest egg
- Understanding China’s Evergrande Crisis – Forbes Advisor
How To
3 Ways to Invest Gold for Retirement
It’s crucial to understand where gold fits in your retirement strategy. There are several options to invest in precious metals if your employer has a 401k. You may also want to consider investing in gold outside of your workplace. If you have an IRA (Individual Retirement Account), a custodial account could be opened at Fidelity Investments. Or, if you don’t already own any precious metals, you may want to consider buying them directly from a reputable dealer.
These are the rules for gold investing:
- Buy Gold with Your Money – You don’t need credit cards, or to borrow money to finance your investments. Instead, invest in cash. This will help you to protect yourself against inflation while also preserving your purchasing power.
- Physical Gold Coins to Own – Physical gold coin ownership is better than having a paper certificate. Physical gold coins are easier to sell than certificates. Physical gold coins are also free from storage fees.
- Diversify Your Portfolio. Never place all your eggs in the same basket. Also, diversify your wealth and invest in different assets. This helps to reduce risk and provides more flexibility when markets are volatile.
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By: Media
Title: FOREO’s Flagship Products Launch as NFTs Before Conventional Release, Paving the Way for Skincare Innovation
Sourced From: news.bitcoin.com/foreos-flagship-products-launch-as-nfts-before-convetional-release-paving-the-way-for-skincare-innovation/
Published Date: Thu, 22 Sep 2022 17:00:59 +0000
