TEND is spearheading new standards in the Token Sale world and so we felt it was important that we explain carefully how our Token Sale will work and why we’re doing it.
TEND’s public Token Sale will start at midday CET on 3rd of Feb and run until midday on 17th of Feb. Pre-contributions can already be made as off the 27th of January with discounts for early birds. The first 3 million tokens sold will come with a 20% discount, the next 3 million a 10% discount and the rest, no discount.
The essence of our choosing to raise money via a Token Sale lies in its very power to democratize participation, meaning such fund raising events are no longer the preserve of the VCs, institutional investors and the few very wealthy individuals who might be invited to the party. To that end, we have set the minimum contribution level at 1000 Swiss Francs thereby giving a much wider audience the chance to participate. We are convinced the Token Sale is the future of funding innovative and modern ventures like our own.
Also part of our efforts to provde access to our innovation to a broader audience, we are offering investors the possibility to invest in TEND’s Token Sale either:
• in cryptocurrency (more specifically in Ether (ETH)) or,
• in Swiss francs (CHF).
The ability to contribute in Swiss francs (or any other FIAT currency) is still relatively unusual and TEND’s success in bringing this to the market is thanks to our partnership with Bank Frick who will act as our custodian bank, collecting and safeguarding investor contributions during the course of the Token Sale. We hugely appreciated the invaluable suggestions and guidance that we have taken onboard whilst in discussion with potential investors who were regularly pushing for us to offer investments not only in cryptocurrency (ETH) but also a FIAT currency (CHF). We spoke to some people who were eager to take their first steps into investing in crypto tokens but nevertheless took comfort from the fact that they could make their investment in CHF. Others who, although already cryptocurrency holders, wanted to add to their token portfolio without needing to draw on those crypto token holdings.
In order to invest, starting at midday CET on 27th Jan, you will be able to logon to our website https://www.tend.swiss and click on the purple « invest » button which will direct you to a secure page.
We would strongly recommend that you never follow links to access our website. It is just as simple and far safer to bookmark our TEND website so as to avoid any fraudulent approaches from potential hackers.
Our Token Sale investment process is designed to be more secure, transparent and safer and comprises 3 key steps:
3 simple steps to get your TND Token
Step 1: Start the whitelisting and create your investor ID
At the very start of the process, we need to identify our investors and therefore each contributor will undergo a KYC (Know Your Customer) check to help protect against fraud and money laundering attempts. The KYC takes place via our website with an automatic redirection to our partner, Fidentity’s, webpage. The KYC process lasts only 4–5 minutes and will require you to have a scanned ID and indoor ‘selfie’ picture ready to upload (we suggest you prepare those in advance!). Once the KYC process has been completed, investors will be redirected to the TEND website.
After you have received your unique investor ID, that is your confirmation that you have passed the KYC process. This is a 5-digit code which will be sent by sms on the mobile number you will have to provide during the process.
This investor code is your unique identification throughout the Token Sale process, including the eventual token allocation, so do keep it somewhere safe.
No contribution can be made without this investor ID, therefore the KYC have to be done prior to the contribution in the token sale.
Step 2: Transferring your money
In order to complete the contribution process, we will ask you to firstly create an investor profile on our website, within a secured zone, where you will always login using your unique investor code.
This is the stage at which you can decide how you want to invest:
Option A — in Ether (ETH): you will be given our public key so that you can use your crypto exchange account to send your investment funds to that address.
If you need help in setting up a crypto account or in transferring ETH to a crypto account, do have a look at our purpose-designed guidelines in the FAQ section of our website. If you are still experiencing problems, don’t worry. We have a unique concierge service where a number of our team members will be available to help you get through the necessary steps. If you are interested in this service, please register here to our concierge service.
Option B — in Swiss francs (CHF): you can invest either by means of a bank transfer or by Credit Card.
The IBAN (international bank details) of our partner bank, Bank Frick, will be clearly displayed so as to facilitate the process.
Step 3: Confirm your receiving wallet
Once the TEND Token Sale has closed, on 17th February, we will immediately start to prepare the allocation of the TND tokens. It is anticipated that this process will take up to a further 3 weeks.
It is absolutely vital that you own an ERC-20 wallet so that you can receive your TND tokens. Tokens will be sent to each of our investor’s ERC-20 wallet using the public key that the investor will have provided during the investment process.
We highly recommend you open an ERC-20 wallet prior to starting the contribution process to the Token Sale. That way you will be able to input all necessary profile data in one go. Our tailor-made guideline will help you to do so.
In the case of a limited number of investors, an enhanced KYC check will need to be carried out . This will take place after your contribution but before the allocation of the tokens. No reason to be concerned if you fall into this bracket. This is simply done to protect both TEND and our genuine investors. We need to be doubly sure that only clean money is reaching us. That’s why no token will be allocated without this check being passed when deemed necessary. Details of the enhanced check process will be communicated in good time to those impacted. TEND will complete the process in partnership with Swisscom.
We would like to thank you in advance for your trust in TEND and for your part in helping to make the crypto world a universally-recognized, sustainable industry!
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