Hello, friends. Very soon Eloncity will start its ico. As we already know from their past experience, all icо from the Krypital team end in minutes. Therefore, it is necessary to have an idea about it in advance. There are nuances in the private and public sale of the ico which you can don't know. I will share with you information about this. And give you answers to frequently asked questions
PRIVATE CONTRIBUTION
Do you have restrictions on who can participate?
Yes, we do not accept participants from the United States, the People’s Republic of China (excluding Hong Kong, Macau and Taiwan), New Zealand, and participants who are citizens or residents of, or located in, a geographic area that is subject to sanctions of the United States, and participants who are subject to the sanctions imposed by the United Nations and/or the United States.
Do I have to do registration and/or know your client (“KYC”) for the private contribution?
Yes. Both registration and KYC are obligatory.
What is the step-by-step process of participating in the private contribution?
To participate in the private contribution, you will need to follow the below steps.
- Click the button “Private Contribution Registration” on Eloncity’s official website to open our registration Google form;
- Fill in and submit the Google form;
- Wait for Eloncity’s review and approval;
- Only approved and selected candidates will receive our email notification through [email protected]. You will need to complete the KYC process on www.tokeneed.com
- Once your KYC gets approved, you will receive a participation instruction via email;
- You will need to sign a private contribution agreement with the Foundation and complete your contribution pursuant to the terms of the private contribution agreement.
- Please be cautious about scams! Some scammers will use a forged email. Make sure to double check your email sources or headers before you click “reply.”
What do I need to provide for KYC?
You will need to provide the following information and documents:
- Name
- Nationality
- Address
- A scanned copy of the photo page of your passport, or government issued photo ID (front & back);
- A selfie photo with your ID.
We may ask for additional information in certain cases.
May I modify my KYC information after submission?
Yes, you may send your updated information to [email protected].
What cryptocurrencies are accepted for the private contribution?
Ethereum (ETH) and Bitcoin(BTC). Please note that we do not accept fiat currencies (e.g., US Dollars).
Can I contribute directly from a cryptocurrency exchange wallet?
NO. Please DO NOT send ETH from an exchange wallet, and please use an ERC-20 compatible wallet to send the ETH to the contribution address we provide.
What type of wallet shall I provide to receive the tokens?
Any wallets that support ERC-20 tokens should be fine.
May I use a cryptocurrency exchange address as the ETH address to receive my tokens?
NO. Please DO NOT use any cryptocurrency exchange address (such as Coinbase, Binance, Huobi, OKEx, etc.) as the ETH address to receive your tokens, in which case there is a chance that you may lose your tokens. If this happens, we are not responsible for your loss.
Does Eloncity have a vesting period for the tokens distributed in private sale? If so, how long is the vesting period?
Yes,vesting period: 10% token released per month, 10 times, total 9 months. The tokens will be available for release on the same date as the release of public sale tokens.
When will I receive the first 10% of my ECT Tokens?
We will distribute the first 10% of your ECT tokens within six weeks after the completion of the public contribution.
Do you have restrictions on who can participate?
Yes, we do not accept participants from the United States, the People’s Republic of China (excluding Hong Kong, Macau and Taiwan), New Zealand, and participants who are citizens or residents of, or located in, a geographic area that is subject to sanctions of the United States, and participants who are subject to the sanctions imposed by the United Nations and/or the United States.
Where can I participate in the public contribution?
You may participate in the public contribution on our partner Tokenneed’s website www.tokeneed.com.
What is the step-by-step process of participating in the public contribution?
Register an account on Tokeneed.com;
Submit your KYC documents for approval;
Once approved. You may deposit accepted cryptocurrencies into the wallet of Tokeneed;
Participate in the public contribution.
Do I have to do registration and/or know your client (“KYC”) for the public contribution? If yes, where can I do the registration and KYC?
Yes. To participate in the public contribution, you will need to register with Tokeneed, and the KYC information shall be provided to Tokeneed.
What do I need to provide for KYC?
You will need to provide the following information and documents:
- Name
- Nationality
- Address
- A scanned copy of the photo page of your passport, or government issued photo ID (front & back)
- A selfie photo with your ID
We may ask for additional information in certain cases.
How long does the verification of KYC information take?
The verification on Tokeneed.com normally takes around five business days (in certain cases, this process may take longer). Once approved, you will be notified by email of your eligibility to participate in the available project(s) on Tokeneed (e.g., Eloncity project).
Can I modify my KYC information after submission?
Yes. If you would like to modify your KYC information, you would need to send your request via email to [email protected].
What cryptocurrencies are accepted for the public contribution?
We accept ETH for the public contribution. We do not accept fiat currencies (e.g., US Dollars).
Is there a minimum and/or a maximum number of tokens I can contribute?
Yes, the minimum contribution is 0.1 ETH, and the maximum is 3 ETH.
Can I contribute directly from a cryptocurrency exchange wallet?
NO. Please DO NOT send your contribution from an exchange wallet, and please use an ERC-20 compatible wallet.
How will I receive my ECT tokens?
Your ECT tokens will be sent to your wallet on Tokeneed. You may withdraw them to your address, and please make sure that the address you provide is an address of an ERC-20 compatible wallet.
What type of wallet shall I provide to receive the tokens withdrawn from Tokeneed?
Any wallets that support ERC-20 tokens should be fine. Please do not provide a cryptocurrency exchange address.
Can I use a cryptocurrency exchange address as the ETH address to receive the tokens withdrawn from Tokeneed?
NO. Please DO NOT use any cryptocurrency exchange address (such as Coinbase, Binance, Huobi, OKEx, etc.) as the ETH address to receive your tokens, in which case there is a chance you may lose your tokens. If this happens, neither Tokeneed nor we will be held responsible for your loss.
How can I withdraw the ETH if I fail to participate in the public contribution?
The ETH tokens will still be stored in your wallet of Tokeneed. You may choose to participate in an upcoming project on Tokeneed or withdraw them to your address of an ERC-20 compatible wallet (NOT cryptocurrency exchange address).
When will I receive my ECT Tokens?
We will distribute the ECT tokens within six weeks after the completion of the public contribution.
These are the main points that you need to know everyone who is going to participate in ICON.
All coins will be distributed as follows.
TOKEN DISTRIBUTION
Volume: 1,000,000,000 ECT Finite amount of ECT created. No inflation.
Maximum token amount for contribution: 32%
Mining for stored renewables: 32%
Team: 7.5%
ELONCITYLab: 14.5%
Marketing: 14%
Soft cap: $10,000,000.
Hard cap: $33,000,000.
*Private contribution : $19,000,000 (Open)
Vesting period: 9-months locking position with 10% of token released at the same time as the main token release (six (6) weeks after the completion of the main contribution). Thereafter, 10% token released per month in 9 consecutive phases.
1 USD = 9.8 ECT (Only ETH and BTC are accepted, Value will be pegged to USD listed on the coinmarketcap on the day of the contribution. Contribution starts from $200,000 USD and maxed out at $600,000 USD, 15% off discount applied).
*Cornerstone contribution: $6,000,000
*Public contribution: $8,000,000
All detailed information is available on the official website where you can register for ICO. Do not miss this opportunity. Eloncity is not just a project it is and the future is now
identification link http://eloncity.io/?utm_source=Content&utm_medium=Bounty&utm_campaign=B000096
Krypital Bounty Group: https://t.me/KrypitalBounty
Eloncity Group: https://t.me/Eloncity
Krypital News: https://t.me/KrypitalNews
Official Website: https://eloncity.io
Отличный проект будем следить!
Very cool!
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STOPGreat project! I will be happy about the mutual evaluation of my article, about ELONCITY