FAQ

General questions

What is block chain technology?

By design, the blockchain is a decentralized technology. ... A global network of computers uses blockchain technology to jointly manage the database that records Bitcoin transactions. That is, Bitcoin is managed by its network, and not any one central authority.

What is block chain technology and how does it work?

Blockchain technology backs up Bitcoin to this day, but there's been a recent groundswell of interest from a variety of industries in making distributed ledger technology work. A blockchain is the structure of data that represents a financial ledger entry, or a record of a transaction.

What is Cryptocurrency?

A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies. Bitcoin, created in 2009, was the first decentralized cryptocurrency. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative. Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money/centralized banking systems. The decentralized control is related to the use of bitcoin's blockchain transaction database in the role of a distributed ledger.

What is an ether Blockchain?

Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.

What is an ICO?

ICO stands for “Initial Coin Offering” and it is a means of raising capital through a crowdfunding campaign with the use of crypto-assets as investment. A digital asset, the coin or the token, is issued for a purpose and are sold to raise money for the said purpose. After the ICO process is done, the coins are traded on crypto-exchanges and market supply and demand decides on their fair pricing.

What is an ITO?

An ITO stands for “Initial Token Offering”, a process which is seen to be equivalent to an ICO.

What is the difference between an ICO and an ITO?

The first generation of digital assets were crypto-coins like Bitcoin, Litecoin etc. Coins have been used as a digital medium of doing transactions in an elegant encrypted way. The next generation of digital assets is the tokens, which cover a broader purpose of use. However, it’s hard to differentiate between these terms as they are broadly used in an interchangeable manner.

Is an ICO/ITO similar to an IPO?

The IPO refers to the “Initial Public Offering”, the very first sales of stock issued by a company to the public where a company sells at least part of their shares to the public to be traded on a stock exchange. IPO’s are mainly used (not exclusively) to publicly offer a company’s equity in the form of shares, whereas ITO’s can be utilized to offer multi-purpose products, which are not limited to shares. These new products are represented through tokens or the digital assets in general.

Where can I meet the developers and the sponsors?

Our site contains a list of conferences and exhibitions we are planning to attend.

Why is investing at the ICO stage beneficial?

Tokens are sold at a discount. The earlier is the ICO stage, the lower the price.

What currencies can I invest in the project?

We accept Ethereum.

How do I register an Ethereum wallet?

We recommend the source www.myetherwallet.com or https://metamask.io/to create a personal wallet. Detailed instructions for creating and replenishing the wallet is there. You can also choose other sources, which you consider to be safe.

How do I replenish the wallet of Ethereum?

You can buy Ethereum on crypto-currency exchanges. There are many other exchangers, but if you have not worked with them before, we recommend you to check the reviews about them carefully beforehand. IMPORTANT! Unverified exchanger or exchange platform may be a phishing site (a fraud)! If you plan to purchase large amounts of tokens, then it will be necessary to pass the identification procedure for registration on the exchange platform. You will need to send documents to verify your account. It may take the site several days to check your documents.

How to invest?

You can invest funds in Your Account (поставить гиперссылку) on the site.

How can I register?

You can register on our site.

What is the total amount of tokens?

The amount of tokens will be equal to amount of funds invested. There will not be unsold tokens.

How can I sell your tokens?

After the ICO is over and the token is released to the exchange market, you will be able to sell it there.