[NEW GATEWAY][Serving: XAG,NXT,CAD, and BTC IOUs] RippleCan

Re: [NEW GATEWAY][XAG] RippleCan

Postby twarden » Wed Oct 22, 2014 1:03 am

epsilon wrote:Well, that took ages and didn't cost anything.

Whack me down for an oz or 30g (w/e your denomination) when you crank it up.


I definitely will remember to send you a PM when I post the announcement soon enough!

As per your request, with the fee included for 1 oz ( which would be 31.1 grams or 1 t roy ounce) minus the service fees. Now, I have consulted with the Canadian Revenue Agency and money services such as this are subject to taxes. As a sole proprietor, I am obligated to charge Harmonized Sales Tax plus the service fee per transaction and deliver taxes at the end of each month. HST is 13% and the service fee is a flat rate of 0.02 XAG per ounce which is deposited. We calculate this 13% in troy ounces as well. The calculation table can be found below. This silver subject to taxes in this way is then calculated to the Canadian dollar equivalent each HST payment.

Total Fee: 0.0226 on 1 XAG deposited.where the fee is 0.02 and the HST charged is 0.0026.
Total Fee: 0.0452 on 2 XAG deposited.where the fee is 0.04 and the HST charged is 0.0052.
Total Fee: 0.0678 on 3 XAG deposited.where the fee is 0.06 and the HST charged is 0.0078.
Total Fee: 0.0904 on 4 XAG deposited.where the fee is 0.08 and the HST charged is 0.0104.
Total Fee: 0.113 on 5 XAG deposited.where the fee is 0.1 and the HST charged is 0.013.
Total Fee: 0.1356 on 6 XAG deposited.where the fee is 0.12 and the HST charged is 0.0156.
Total Fee: 0.1582 on 7 XAG deposited.where the fee is 0.14 and the HST charged is 0.0182.
Total Fee: 0.1808 on 8 XAG deposited.where the fee is 0.16 and the HST charged is 0.0208.
Total Fee: 0.2034 on 9 XAG deposited.where the fee is 0.18 and the HST charged is 0.0234.
Total Fee: 0.226 on 10 XAG deposited.where the fee is 0.2 and the HST charged is 0.026.
Total Fee: 0.2486 on 11 XAG deposited.where the fee is 0.22 and the HST charged is 0.0286.
Total Fee: 0.2712 on 12 XAG deposited.where the fee is 0.24 and the HST charged is 0.0312.
Total Fee: 0.2938 on 13 XAG deposited.where the fee is 0.26 and the HST charged is 0.0338.
Total Fee: 0.3164 on 14 XAG deposited.where the fee is 0.28 and the HST charged is 0.0364.
Total Fee: 0.339 on 15 XAG deposited.where the fee is 0.3 and the HST charged is 0.039.
Total Fee: 0.3616 on 16 XAG deposited.where the fee is 0.32 and the HST charged is 0.0416.
Total Fee: 0.3842 on 17 XAG deposited.where the fee is 0.34 and the HST charged is 0.0442.
Total Fee: 0.4068 on 18 XAG deposited.where the fee is 0.36 and the HST charged is 0.0468.
Total Fee: 0.4294 on 19 XAG deposited.where the fee is 0.38 and the HST charged is 0.0494.
Total Fee: 0.452 on 20 XAG deposited.where the fee is 0.4 and the HST charged is 0.052.
Total Fee: 0.4746 on 21 XAG deposited.where the fee is 0.42 and the HST charged is 0.0546.
Total Fee: 0.4972 on 22 XAG deposited.where the fee is 0.44 and the HST charged is 0.0572.
Total Fee: 0.5198 on 23 XAG deposited.where the fee is 0.46 and the HST charged is 0.0598.
Total Fee: 0.5424 on 24 XAG deposited.where the fee is 0.48 and the HST charged is 0.0624.
Total Fee: 0.565 on 25 XAG deposited.where the fee is 0.5 and the HST charged is 0.065.
Total Fee: 0.5876 on 26 XAG deposited.where the fee is 0.52 and the HST charged is 0.0676.
Total Fee: 0.6102 on 27 XAG deposited.where the fee is 0.54 and the HST charged is 0.0702.
Total Fee: 0.6328 on 28 XAG deposited.where the fee is 0.56 and the HST charged is 0.0728.
Total Fee: 0.6554 on 29 XAG deposited.where the fee is 0.58 and the HST charged is 0.0754.
Total Fee: 0.678 on 30 XAG deposited.where the fee is 0.6 and the HST charged is 0.078.
Total Fee: 0.7006 on 31 XAG deposited.where the fee is 0.62 and the HST charged is 0.0806.
Total Fee: 0.7232 on 32 XAG deposited.where the fee is 0.64 and the HST charged is 0.0832.
Total Fee: 0.7458 on 33 XAG deposited.where the fee is 0.66 and the HST charged is 0.0858.
Total Fee: 0.7684 on 34 XAG deposited.where the fee is 0.68 and the HST charged is 0.0884.
Total Fee: 0.791 on 35 XAG deposited.where the fee is 0.7 and the HST charged is 0.091.
Total Fee: 0.8136 on 36 XAG deposited.where the fee is 0.72 and the HST charged is 0.0936.
Total Fee: 0.8362 on 37 XAG deposited.where the fee is 0.74 and the HST charged is 0.0962.
Total Fee: 0.8588 on 38 XAG deposited.where the fee is 0.76 and the HST charged is 0.0988.
Total Fee: 0.8814 on 39 XAG deposited.where the fee is 0.78 and the HST charged is 0.1014.
Total Fee: 0.904 on 40 XAG deposited.where the fee is 0.8 and the HST charged is 0.104.
Total Fee: 0.9266 on 41 XAG deposited.where the fee is 0.82 and the HST charged is 0.1066.
Total Fee: 0.9492 on 42 XAG deposited.where the fee is 0.84 and the HST charged is 0.1092.
Total Fee: 0.9718 on 43 XAG deposited.where the fee is 0.86 and the HST charged is 0.1118.
Total Fee: 0.9944 on 44 XAG deposited.where the fee is 0.88 and the HST charged is 0.1144.
Total Fee: 1.017 on 45 XAG deposited.where the fee is 0.9 and the HST charged is 0.117.
Total Fee: 1.0396 on 46 XAG deposited.where the fee is 0.92 and the HST charged is 0.1196.
Total Fee: 1.0622 on 47 XAG deposited.where the fee is 0.94 and the HST charged is 0.1222.
Total Fee: 1.0848 on 48 XAG deposited.where the fee is 0.96 and the HST charged is 0.1248.
Total Fee: 1.1074 on 49 XAG deposited.where the fee is 0.98 and the HST charged is 0.1274.
Total Fee: 1.13 on 50 XAG deposited.where the fee is 1 and the HST charged is 0.13.
Total Fee: 1.1526 on 51 XAG deposited.where the fee is 1.02 and the HST charged is 0.1326.
Total Fee: 1.1752 on 52 XAG deposited.where the fee is 1.04 and the HST charged is 0.1352.
Total Fee: 1.1978 on 53 XAG deposited.where the fee is 1.06 and the HST charged is 0.1378.
Total Fee: 1.2204 on 54 XAG deposited.where the fee is 1.08 and the HST charged is 0.1404.
Total Fee: 1.243 on 55 XAG deposited.where the fee is 1.1 and the HST charged is 0.143.
Total Fee: 1.2656 on 56 XAG deposited.where the fee is 1.12 and the HST charged is 0.1456.
Total Fee: 1.2882 on 57 XAG deposited.where the fee is 1.14 and the HST charged is 0.1482.
Total Fee: 1.3108 on 58 XAG deposited.where the fee is 1.16 and the HST charged is 0.1508.
Total Fee: 1.3334 on 59 XAG deposited.where the fee is 1.18 and the HST charged is 0.1534.
Total Fee: 1.356 on 60 XAG deposited.where the fee is 1.2 and the HST charged is 0.156.
Total Fee: 1.3786 on 61 XAG deposited.where the fee is 1.22 and the HST charged is 0.1586.
Total Fee: 1.4012 on 62 XAG deposited.where the fee is 1.24 and the HST charged is 0.1612.
Total Fee: 1.4238 on 63 XAG deposited.where the fee is 1.26 and the HST charged is 0.1638.
Total Fee: 1.4464 on 64 XAG deposited.where the fee is 1.28 and the HST charged is 0.1664.
Total Fee: 1.469 on 65 XAG deposited.where the fee is 1.3 and the HST charged is 0.169.
Total Fee: 1.4916 on 66 XAG deposited.where the fee is 1.32 and the HST charged is 0.1716.
Total Fee: 1.5142 on 67 XAG deposited.where the fee is 1.34 and the HST charged is 0.1742.
Total Fee: 1.5368 on 68 XAG deposited.where the fee is 1.36 and the HST charged is 0.1768.
Total Fee: 1.5594 on 69 XAG deposited.where the fee is 1.38 and the HST charged is 0.1794.
Total Fee: 1.582 on 70 XAG deposited.where the fee is 1.4 and the HST charged is 0.182.
Total Fee: 1.6046 on 71 XAG deposited.where the fee is 1.42 and the HST charged is 0.1846.
Total Fee: 1.6272 on 72 XAG deposited.where the fee is 1.44 and the HST charged is 0.1872.
Total Fee: 1.6498 on 73 XAG deposited.where the fee is 1.46 and the HST charged is 0.1898.
Total Fee: 1.6724 on 74 XAG deposited.where the fee is 1.48 and the HST charged is 0.1924.
Total Fee: 1.695 on 75 XAG deposited.where the fee is 1.5 and the HST charged is 0.195.
Total Fee: 1.7176 on 76 XAG deposited.where the fee is 1.52 and the HST charged is 0.1976.
Total Fee: 1.7402 on 77 XAG deposited.where the fee is 1.54 and the HST charged is 0.2002.
Total Fee: 1.7628 on 78 XAG deposited.where the fee is 1.56 and the HST charged is 0.2028.
Total Fee: 1.7854 on 79 XAG deposited.where the fee is 1.58 and the HST charged is 0.2054.
Total Fee: 1.808 on 80 XAG deposited.where the fee is 1.6 and the HST charged is 0.208.
Total Fee: 1.8306 on 81 XAG deposited.where the fee is 1.62 and the HST charged is 0.2106.
Total Fee: 1.8532 on 82 XAG deposited.where the fee is 1.64 and the HST charged is 0.2132.
Total Fee: 1.8758 on 83 XAG deposited.where the fee is 1.66 and the HST charged is 0.2158.
Total Fee: 1.8984 on 84 XAG deposited.where the fee is 1.68 and the HST charged is 0.2184.
Total Fee: 1.921 on 85 XAG deposited.where the fee is 1.7 and the HST charged is 0.221.
Total Fee: 1.9436 on 86 XAG deposited.where the fee is 1.72 and the HST charged is 0.2236.
Total Fee: 1.9662 on 87 XAG deposited.where the fee is 1.74 and the HST charged is 0.2262.
Total Fee: 1.9888 on 88 XAG deposited.where the fee is 1.76 and the HST charged is 0.2288.
Total Fee: 2.0114 on 89 XAG deposited.where the fee is 1.78 and the HST charged is 0.2314.
Total Fee: 2.034 on 90 XAG deposited.where the fee is 1.8 and the HST charged is 0.234.
Total Fee: 2.0566 on 91 XAG deposited.where the fee is 1.82 and the HST charged is 0.2366.
Total Fee: 2.0792 on 92 XAG deposited.where the fee is 1.84 and the HST charged is 0.2392.
Total Fee: 2.1018 on 93 XAG deposited.where the fee is 1.86 and the HST charged is 0.2418.
Total Fee: 2.1244 on 94 XAG deposited.where the fee is 1.88 and the HST charged is 0.2444.
Total Fee: 2.147 on 95 XAG deposited.where the fee is 1.9 and the HST charged is 0.247.
Total Fee: 2.1696 on 96 XAG deposited.where the fee is 1.92 and the HST charged is 0.2496.
Total Fee: 2.1922 on 97 XAG deposited.where the fee is 1.94 and the HST charged is 0.2522.
Total Fee: 2.2148 on 98 XAG deposited.where the fee is 1.96 and the HST charged is 0.2548.
Total Fee: 2.2374 on 99 XAG deposited.where the fee is 1.98 and the HST charged is 0.2574.
Total Fee: 2.26 on 100 XAG deposited.where the fee is 2 and the HST charged is 0.26.


I must register a new business license name because I will say now that this is just a beta site release. We will have a new domain name when the site goes to full release. That is when we will also allow for XAU to be deposited and traded over Ripple. We will then operate under a new domain name and require to register both business names together, while the old domain name will simply redirect you to the new site.

As for the beta release, the site is complete for release. The NXT software is still under development, however, payments will still be processed manually. The software will just help smooth the process along greatly in the future. The gateway is going to be released before the new year.

I am still monitoring this thread for responses. Sorry that I have not checked sooner. If there are any more questions, please post them, I will be around more often to check up this thread more frequently in the coming days. I have been away from my computer and tied up in phone calls and developing a broader business plan for the future full release of this gateway while simultaneously attempting to get an at-home part-time job which will pay out in Bitcoin. Such a prospect will not delay the release of these services and actually allows me to devote more resources to this business prospect.\

I hope this process has been transparent enough. Again, I apologize for the madness of the first few postings in this thread as the idea was developed in the beginning.
XAGATE Thread~PreciousWallet.io Thread

Don't worry! I'm pretty sure that I got this under control, the last crazy visionary was was far too insane, but I struck the correct balance.
BCT Thread

I am not affiliated with Ripple Labs.
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Re: [NEW GATEWAY][Serving: XAG,NXT,CAD, and BTC IOUs] Ripple

Postby twarden » Sat Nov 22, 2014 12:02 am

Hello Ripple Community,

I will be requesting that his thread is locked as it will no longer serve any purpose shortly. I will be releasing more information about the Gateway beta release within the next few days on the Gateways board. The deadline has been set for Christmas 2014 for release. I have greatly underestimated the amount of time it would take to fully understand the ramifications of Canadian law within this space, however, I am nearly satisfied with the standard of quality of which I have produced in writing a Terms of Service. I hope it will be very easily understood and will not require many regular changes. As for the standard of quality of which my general computer, business, programming, and economics skills have so far produced for a Beta, is an acceptable level of quality. I will be inviting those who wish to be Early Depositors to the Gateway to be prepared for this information to be released for a chance to apply for official Early Adopter status :) This will allow me to test the function of my business strategies (dealing with transactions), website load tests, running into any unforeseen problems, and other testing. There will be only 25 slots available for this Early Depositor Closed Beta Test Release.

Those who are investors may wish to take advantage of the current low NXT price relative to Bitcoin. NXT will not only be an IOU I will offer but I will be issuing a Asset over the NXT Secure Asset Exchange. More information about the IPO will be released with the aforementioned Gateway's announcement thread.

Any questions that may arise from this post, please PM me them. I have collected quotes from this thread in which I have yet to directly address yet. Any questions which I receive will be responded to in a public, transparent matter. I believe that this gateway's development process requires the input of the Ripple community and the wider Cryptocurrency community as well. Regardless of my standards, skills, the service that I wish to produce; I have still produced an entry point to Cryptocurrency in a centralized way. I am thinking of ideas for a long term solution to help promote the spread of Gateways in a decentralized way. This would mean no websites (or "on-demand" web applications for the purpose of facilitating a transaction), no identification processes, etc. are things I have been keeping in mind as I have been building this project since the Summer. Any input as per the long term goals of this gateway project would welcome suggestions, developers, and an open dialogue to more accurately define a Vision Statement with the community would be advantageous for this Gateway to have a Business Plan that looks toward the future.

That is all I have to update for this time. The next update should be posted by Monday or Tuesday.
XAGATE Thread~PreciousWallet.io Thread

Don't worry! I'm pretty sure that I got this under control, the last crazy visionary was was far too insane, but I struck the correct balance.
BCT Thread

I am not affiliated with Ripple Labs.
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Re: [NEW GATEWAY][Serving: XAG,NXT,CAD, and BTC IOUs] Ripple

Postby twarden » Mon Nov 24, 2014 9:42 pm

The fun begins shortly! I have notified Dchapes that I would like to announce this project's official beta release on the Gateways board and to seek closed beta testers for early to mid December, dependant on the issuance speed of the EV SSL certificate which will be purchased this Friday. So far, only 1 of 25 slots has been filled.
XAGATE Thread~PreciousWallet.io Thread

Don't worry! I'm pretty sure that I got this under control, the last crazy visionary was was far too insane, but I struck the correct balance.
BCT Thread

I am not affiliated with Ripple Labs.
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Re: [NEW GATEWAY][Serving: XAG,NXT,CAD, and BTC IOUs] Ripple

Postby AndrewSF » Mon Dec 01, 2014 10:51 pm

Locking per request.
Ripple user since January 2013.
Donating is good karma! r3CxMDQFX1Atq1vQN5sqVsjm3rawGSwd32
http://onemilliongateways.com/ - Join the Ripple Business Association at http://www.xrpga.org/
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