Introducing MetaBID
MetaBID is an emerging blockchain-driven auction platform that aims to revolutionize the way people bid and win coveted digital assets. By harnessing the power of blockchain technology, MetaBID creates a secure, transparent, and rewarding environment for auction enthusiasts.
Why Choose MetaBID?
MetaBID stands out from traditional auction platforms due to its unique features:
1. Transparency
Every asset and auction parameter, such as reserve price, bidding cycles, and maximum price, are transparently and permanently stored on the blockchain. This ensures that all participants have a clear understanding of the rules and prevents any manipulation during the auction.
2. Audited by Certik
MetaBID's bidding code has undergone a rigorous audit by Certik, one of the leading blockchain auditing firms. This audit guarantees that the bidding mechanisms are fair, trustworthy, efficient, and free from vulnerabilities.
3. On-Chain Reliability
All vital auction details and assets are recorded on the blockchain, ensuring fair play and preventing double-auctioning of assets. Each auctioned asset is unique, and the rules are immutable for all participants.
4. Secure Transactions
MetaBID prioritizes the security of transactions. All transactions on the platform are encrypted, providing users with peace of mind that their data and assets are protected.
5. Fair Play Policy
MetaBID strictly prohibits any form of foul play, including the use of bots or automated software, except for approved bots provided by MetaBID. Any indication of foul play will result in immediate account termination.
6. Sustainable Discounts with Reserve and Max Price
MetaBID ensures that users enjoy significant discounts while maintaining the platform's sustainability. The reserve and max price mechanisms prevent losses while offering attractive deals to participants.
What to Expect from MetaBID?
MetaBID has an exciting lineup of upcoming events and auctions:
1. Public Sale
The public sale of BIDs will commence on October 28, allowing more participants to join the MetaBID community and seize opportunities.
2. Inaugural Auctions
On November 4, MetaBID will launch its first auctions, featuring a wide range of incredible digital assets up for grabs.
To learn more about MetaBID, secure your BID packs, and stay updated with pre-launch events and announcements, visit the official MetaBID website or join the community on Telegram and Discord.
About MetaBID
MetaBID's mission is to democratize digital wealth and make it accessible to individuals worldwide, regardless of their location or financial situation.
As an online auction platform powered by blockchain technology, MetaBID brings transparency and fairness to the auction experience. Developed by MetFi DAO, MetaBID offers innovative pricing models, customizable bidding bots, and a community-centric approach. The first auctions will go live on November 4, 2023, and BID packs are currently available for purchase.
Frequently Asked Questions
Can I own a gold ETF inside a Roth IRA
Although a 401k plan might not provide this option, you should still consider other options like an Individual Retirement Account (IRA).
A traditional IRA allows contributions from both employee and employer. Another way to invest in publicly traded companies is through an Employee Stock Ownership Plan.
An ESOP can provide tax advantages, as employees are allowed to share in company stock and the profits generated by the business. The money in the ESOP can then be subject to lower tax rates than if the money were in the individual's hands.
A Individual Retirement Annuity is also possible. An IRA lets you make regular, income-generating payments to yourself over your life. Contributions to IRAs don't have to be taxable
Can the government take your gold
Your gold is yours, so the government cannot confiscate it. It is yours because you worked hard for it. It belongs exclusively to you. There may be exceptions to this rule. You could lose your gold if convicted of fraud against a federal government agency. Your precious metals can also be lost if you owe tax to the IRS. You can keep your gold even if your taxes are not paid.
What is the cost of gold IRA fees
The Individual Retirement Account (IRA), fee is $6 per monthly. This includes account maintenance fees and investment costs for your chosen investments.
To diversify your portfolio you might need to pay additional charges. These fees can vary depending on which type of IRA account you choose. Some companies offer free checking accounts, but charge monthly fees to open IRA accounts.
A majority of providers also charge annual administration fees. These fees range from 0% to 1%. The average rate is.25% annually. These rates can be waived if the broker is TD Ameritrade.
What Should Your IRA Include in Precious Metals?
It's important to understand that precious metals aren't only for wealthy people. They don't require you to be wealthy to invest in them. You can actually make money without spending a lot on gold or silver investments.
You might consider purchasing physical coins, such as bullion bars and rounds. Also, you could buy shares in companies producing precious metals. Another option is to make use of the IRA rollover programs offered by your retirement plan provider.
No matter what your preference, precious metals will still be of benefit to you. These metals are not stocks, but they can still provide long-term growth.
And, unlike traditional investments, their prices tend to rise over time. This means that if you decide on selling your investment later, you'll likely get more profit than you would with traditional investing.
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. However, if you do decide to take out some of your contributions before then, there are specific rules you must follow. First, your principal (the original deposit amount) cannot be touched. This means that you can't take out more money than you originally contributed. If you wish to withdraw more than you originally contributed, you will have to pay taxes.
The second rule is that you cannot withdraw your earnings without paying income taxes. You will pay income taxes when you withdraw your earnings. Let's take, for example, $5,000 in annual Roth IRA contributions. Let's say you earn $10,000 each year after contributing. Federal income taxes would apply to the earnings. You would be responsible for $3500 The remaining $6,500 is yours. You can only take out what you originally contributed.
So, if you were to take out $4,000 of your earnings, you'd still owe taxes on the remaining $1,500. You'd also lose half the earnings that you took out, as they would be subject to a second 50% tax (half of 40%). So even though you received $7,000 in Roth IRA contributions, you only received $4,000.
There are two types if Roth IRAs: Roth and Traditional. Traditional IRAs allow you to deduct pretax contributions from your taxable income. When you retire, you can use your traditional IRA to withdraw your contribution balance plus interest. You can withdraw as much as you want from a traditional IRA.
Roth IRAs do not allow you to deduct your contributions. After you have retired, the full amount of your contributions and accrued interest can be withdrawn. There is no minimum withdrawal amount, unlike traditional IRAs. It doesn't matter if you are 70 1/2 or older before you withdraw your contribution.
Statistics
- You can only purchase gold bars at least 99.5% purity. (forbes.com)
- Indeed, several financial advisers interviewed for this article suggest you invest 5 to 15 percent of your portfolio in gold, just in case. (aarp.org)
- 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)
- 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 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)
External Links
irs.gov
wsj.com
- Saddam Hussein's Invasion Helped Uncage a Bear In 1990 – WSJ
- Do you want to keep your IRA gold at home? It's Not Exactly Legal – WSJ
bbb.org
investopedia.com
How To
Guidelines for Gold Roth IRA
You should start investing early to ensure you have enough money for retirement. It is best to start saving for retirement as soon you can (typically at age 50). It is essential to save enough money each year in order to maintain a steady growth rate.
Additionally, tax-free opportunities like a traditional 401k or SEP IRA are available. These savings vehicles allow you the freedom to contribute without having to pay tax on your earnings until they are withdrawn. This makes them a great choice for people who don’t have access employer matching funds.
Savings should be done consistently and regularly over time. You'll miss out on any potential tax benefits if you're not contributing the maximum amount allowed.
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By: Media
Title: MetaBID: Revolutionizing Auctions with Blockchain Technology
Sourced From: news.bitcoin.com/metabid-your-gateway-to-a-new-era-of-blockchain-auctions/
Published Date: Tue, 31 Oct 2023 17:00:58 +0000
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