What is an initial coin offering (ICO)?
When does the ICO start?
The Pre ICO launches June 4th to June 25th, 2018. The official ICO launches June 26th to July 30th, 2018.
How many utility tokens will be issued?
We have estimated the maximum purchases we can accept. To correlate with our liabilities with possible spending on operations, research, and development, we will attempt to minimize the “floating balance” which is unusable except for paying bonuses. During the initial coin offering, a maximum of 75,000,000 tokens will be available. After the ICO, all additional Buddtoken will be destroyed/burned.
How do I purchase the Buddtoken?
Purchases of the Buddtoken will be available on the Buddtoken website. For the duration of the ICO, the purchase of Buddtoken will be available via the following payment methods:
• Direct transfer from BTC, USD, ETH
What is the expected value of EPR Token?
For the duration of the ICO, the price of Buddtoken will be fixed at $0.75 USD. After the initial coin offering, the value of Buddtoken will depend on several variables. The capital placed on Buddtoken during development and the media coverage we receive will mainly dictate the exchange rate for Buddtoken once it is listed on a cryptocurrency exchange.
What is the minimum purchase amount?
For the duration of the initial coin offering, the price of Buddtoken will be priced at $0.75 USD. The minimum purchase for all payment types (excluding wire transfers and direct payment via EMC) is 1 BUD token.
What are the risks in purchasing Buddtoken?
Due to the nature of our business, the underlying risks with this purchase are significant. For now, it is advisable to review our Whitepaper where possible outcomes have been analyzed in comparison to other blockchain and/or crypto related projects. This will help you understand our vision as Buddtoken.
Payment
How do I make a purchase using cryptocurrency?
To make a purchase using cryptocurrency, simply select a cryptocurrency from the currency selection menu and enter the number of coins sent. Then, check the purchase amount including the bonus.
It’s important to note that [BTC, ETH and USD purchases] can be made directly. All other cryptocurrencies are accepted via at the state exchange rate and will have a processing fee.
Once the order is created, you will be given a unique address to send the coins to. You can either scan the QR code or enter the payment address and amount to your wallet. If you’re entering the payment address and amount through your wallet, it’s important to add the transaction fee.If you don’t know the recommended fee, it’s recommended to contact your wallet provider to find out. The purchase total will be locked once the order is created and will remain that way, regardless of exchange rate fluctuations.
Account and Verification
Why do I need to verify my identity?
What if I don’t verify my identity?
While verification is not required, we strongly recommend it. As we continually build out our platform, we need to provide information about the sources of our funds. We are required to comply under the law in accordance with Anti-Money Laundering regulations in the jurisdiction in which the Buddtoken is purchased.
What will Buddtoken do with my information?
Buddtoken will use the information provided to verify that funds collected are legitimate in accordance with AML/CTF when communicating with the auditing and regulating authority. Buddtoken will not use nor sell our information to independent third-parties and is required to comply with Canadian privacy laws.
How do I verify my identity? Where is the verification form?
The verification form with all the information required is available in your account on our website.
How will my data be protected?
Our website is scanned regularly for security issues to make our website as safe as possible to visit. We regularly scan for malware. Personal information is contained in secured networks, only accessible by a limited number of people with special access rights. These people are required to keep the information confidential.
Additionally, all information supplied to us is encrypted via SSL. We implement a large variety of security measures for all transactions to maintain the confidentiality of personal information. All transactions are processed through a provider and are not stored or processed on our servers.
I don’t have a utility bill. What other information can I provide?
Utility bills can be either electricity, water or rates bills that are less than 3 months old. If you don’t have a utility bill to hand, we accept the following documents for verification of your residential address:
• A landline/cellphone statement less than 3 months old
• Gas bill less than 3 months old
• A copy of a signed rental agreement for your current residence indicating the lease period.
• Mortgage statement less than 6 months old.
• An official tax assessment/tax return document less than 1-year-old.
General ICO Questions
What happens if the minimum milestone isn’t reached?
To ensure financial security for our token purchasers, Buddtoken has set up an escrow arrangement in which all funds will be held. In the event of the first milestone not being reached, all purchases will be refunded.
What exchange rate do you use for cryptocurrencies?
Exchange rate is tied to the prevailing rate at the time of purchase. Please note that the exchange rate is updated when each purchase order is made.
It’s important to note that you have a total of 24 hours to complete your transaction. All order details will be available in the transactions history if they are required later. Once your transaction has reached confirmation, the Buddtoken will be added to your account.
Will there be more tokens issued in the future?
The total number of tokens will be determined by the ICO. There will be no future issuance of tokens.
How are my tokens secured?
We encourage shareholders to enable 2FA or two-factor authentication. If you lose your password, there’s an option to change it. It’s advisable to confirm your phone number in the settings to be able to change your password later.
Once the ICO is completed, purchasers will be able to send Buddtoken to private ETH wallets.
How do I register an account?
To participate in our ICO crowdfunding campaign, you must register an account. To register an account, visit the registration page.
Does Buddtoken accept cooperation proposals?
Currently, we do. Please email us at “[email protected]” and we will get in contact with you if there’s an opportunity for cooperation.
Does Buddtoken plan to cooperate with blockchain and cryptocurrency businesses in the future?
Yes, we do. We believe that cooperation with successful businesses is the way to establish a stable business. However, this doesn’t mean that we will be less strict. We will only accept businesses willing to cooperate with compliance procedures and audits.
Is Buddtoken ERC-20 compliant?
Yes, Buddtoken is ERC-20 compliant and can be stored in ETH wallets that support this. The wallet offered on the Buddtoken website will support this.
Can I purchase BuddTokens if I am outside of Canada?
Yes, purchasers of BuddToken can reside outside of Canada.
Can I buy fractions of Buddtoken?
Each Buddtoken can be split to six (6) decimal points. For example, 0.000001 Buddtoken is the smallest fraction available.
How can I use Buddtoken after the initial coin offering (ICO)?
After the ICO concludes, all efforts will be made to have Buddtoken listed on one or more cryptocurrency exchanges. When this is happens, you will be able to buy and sell Buddtoken. Each token holder will also be granted annual bonuses.
How do I learn more about Buddtoken?
You can learn more about us on our website. You should also read our Whitepaper for more information or us directly on:
• EMail ([email protected])
• Slack
• Bitcointalk