It seems as though everything is changing, including the way we think of money. It’s changing so rapidly that the number of people out there who actually understand all the facets of the “new money” are few and far between. Fortunately, AbhinavSoomaney has taken the horse by the reins, so to speak, and has a firm grasp on all things cryptocurrency and beyond. He has 4 years of experience with cryptocurrency tax calculations and investment management and is a popular speaker at global summits discussing the growth and scalability of cryptocurrencies and blockchain. Abhinav is also the founder and CEO of the India based Cryptocurrency tax consultancy firm called, “CryptoTax Pvt. Ltd,” and he is the department head of Cryptocurrency Taxation, at Neumeister& Associates, LLP, in Burbank, California, serving over 90 clients with their crypto taxes.
The are several reasons Abhinav chose the cryptocurrency world to work in. He liked that it was a new concept and that it is only ten years old. That means that Abhinav has been immersed in all things crypto for half of its life span. He strongly feels and all things point to the fact that this new money is the future of almost everything including, transactions, (buying and selling), trade, data storage and more. Cryptocurrency is also one of the most interesting topics of conversation and almost everyone wants to know know about it. It’s a new investment medium and there is no dependency on financial agencies.
Key facts investors must research about before investing into a new crypto-coin company:
- Platform where the ICO will be hosted (Initial Coin Offering)
- Pre-ICO funding price & ICO list price
- What will be the lock-in period of coins when issued to pre-ICO investors and ICO participants?
- Type of token: Tokens that reside on blockchains include reward tokens, currency tokens, utility tokens, security tokens, and asset tokens.
- Staking rewards offered by the company for investors holding coins
- Types of services provided by the company
- Proposed ICO team
- Coin partners & seed investors
- Blockchains supported
- Token release schedule
- News articles
- Public acceptance & feedback
- Support from public figures and industry experts
Business is good even though everyone is being careful during the pandemic. There have been major adjustments for everyone in this era of lockdowns and masks, but Abhinav has experienced some very positive changes in his life too. His priorities have truly come into focus. Of course, he always thoughtfully tends to business and he works hard for his clients, but he has also seen the true value of loved ones. He has found too, that he has become more goal oriented and focused on his career and his family, which creates a real balance in his life. He has relaxed a bit and allowed himself to stop worrying so much about the future. Since he serves all of his clients with total integrity and involvement, they can relax a bit too, knowing that Abhinav is handling their account.
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