The Guide
Hi there,
As our crowdsale starts in just a few days, we’d like to sum up the facts about True Flip and its upcoming ICO. Please find below a guide on how to participate in this.
As always, feel free to contact us through the below links:
Telegram Slack BitcoinTalk Medium Facebook Twitter
True Flip starts the crowdsale at 12:00 UTC, June 28 at ico.trueflip.io.
We aim to distribute 70% of the TFL tokens priced at BTC 0,0005 per 1 TFL. The overall amount of the tokens issued during the ICO is 21 000 000 and there will be no further tokens issued in the future. TrueFlip's goal is to obtain a total of up to BTC 6125.
We'll accept BTC, ETH, LTC and DASH in exchange for the tokens.
The early bird bonus is determined by the following milestones:
- 30% in TFL’s added to the received tokens during 0-1000 BTC stage
- 20% during 1000-2000 BTC stage
- 10% during 2000-3000 BTC stage
- 5% during 3000-5000 BTC stage
At the end of the Token Sale the remaining unsold tokens will be burned and the share of all Token holders will be proportionally increased, depending on the outstanding package.
The main targets of ICO are:
Forming of the largest ever online lottery Jackpot
Further decentralization and technical development according to the general strategy
Extending the number of supported languages
Raising funds for the promotional campaign among a wider audience
TFL’s provide their holders with the following opportunities and benefits:
- 15% of each ticket sold are distributed daily with the holders, payments take place 4 times a year (every quarter).
- TFL will be listed on major exchanges (the exact platforms will be determined within 2 weeks following the ICO finish)
- The holders get the ability to participate in making the key business decisions
20% of the general token amount is reserved for the Team: we get 20% of these at the end of the crowdsdale, 40% after achieving development KPI's and 40% in a year after the ICO.
Another 10% of tokens are allocated to finance the bounty company, escrow services and other related costs.
The obtained funds are protected in an escrow account that will be released in defined cases, described in the White Paper. The raised funds can only be accessed with the consent of at least two of the three signees and when all the conditions are met.
The lottery's Draw transparent code is released on Github.
TrueFlip resides in Costa Rica, where legislation allows online lotteries. The team is multinational.
The White Paper
Ok, so how do I start?
Use your existing BTC, ETH, LTC or DASH wallet or get one registered. We advise to use the official solutions related to your chosen type of coins. For Ethereum in particular we recommend MyEtherWallet, Parity, Metamask or Mist. With each respective wallet mentioned having tutorials on their websites on how to set up an Ethereum wallet.
Make sure there are enough coins on your balance to buy the desired amount of TFL tokens.
Go to ico.trueflip.io and fill in the form:
Step 1 -- Confirm your agreement with the terms and conditions;
Step 2 – Create an account on TrueFlip (in case you haven’t yet);
Step 3 -- Set your transaction options;Wait for the transaction being processed (in case you didn’t move coins to your True Flip account prior to the ICO);
Login to your True Flip account to find the TFLs received through the ICO funding. Every TFL token holder has a personal panel with all data proven with blockchain:
- Your TFL tokens amount;
- Token value;
- Your percentage of TFL tokens compared to the overall token amount;
- The bonuses earned;
- Transactions history (purchases, withdrawals, bonuses etc.)
- Relax, as you’ve done everything right and own the tokens now :)
What’s next then?
We will do our best to get listed on major exchanges asap;
It’s up to you whether to sell the tokens or keep ‘em;
The dividend payments are distributed 4 times a year for each token owned (every quarter)
Yours,
True Flip Team
I was thinking of joining this one, strictly for the dividend payouts. If it takes off, it'll pay itself off in no time really.
We think alike :)
We find the payments quite appealing, and our effort is to make True Flip's audience grow day-to-day so that you'll have the dividend size growing as well
Thank you for your good information.^^
You're welcome! :)
Good description, I'll be a part of your ICO tomorrow.
See also my blog here:
https://steemit.com/@hausbau
Great to see your review! Thanks for support and get ready for the show ))
Thanks for the helpful information. I am still a little confused about the process. I want to invest in your IPO using funds in my Dash wallet. When and how exactly do I do that?
Please PM to [email protected] for guidance;)
As most blockchain transactions may be subject for delays, we recommend our users to move their coins to the inner account in True Flip prior to the crowdsale. That's how you'll get the payment processed instantly when you start buying tokens, so you'll have more chances to get bonus tokens.
Do you mean move coins to the inner account by using the refill function. I don't want to accidentally buy Tickets. Can you please detail exactly how to move Dash to the account for use in the ICO?
Ok, guys. Let’s try to make it clear :)
You have 2 ways of participating in the crowdsale
Also, at 6:00 UTC 28/06 a button to reserve a payment will appear in the Investor profile - you can make a payment and it will be processed automatically with the crowdsale's start)
Here:
I am also interested in having this clarified. If I use the "refill" function to add coin to my trueflip account in recharge-balance before the ICO starts can I use those funds to purchase tokens in the ICO?
Ok, guys. Let’s try to make it clear :)
You have 2 ways of participating in the crowdsale
Also, at 6:00 UTC 28/06 a button to reserve a payment will appear in the Investor profile - you can make a payment and it will be processed automatically with the crowdsale's start)
hello, what should I do for joining ico if I already have an account and deposit on trueflip??
Go to your "Investor profile" and find the BUY TOKENS button, when the ICO starts :)
Thanks for all the info. Just one question. Do you have to store your TFL tokens permanently in your account on TrueFlip's site in order to receive your share of the 15% from the ticket sales? (Or do you track them on people's personal wallets by them registering the address?)
Yet we don't have the full model enabled, we'll announce everything on this topic shortly after the crowdsale ends. In general, you'll need to transfer tokens to a special adress which will give it back with the dividends, according to a smart-contract.
Hello. Any updates on when you plan on providing functionality to add TFL into a profile for dividends? I participated in the crowdsale, only sent directly to an ethereum address. Was made aware of the problem of not having them in my account after the fact. Not sure if having more than one way to participate in an ICO is fair to say if one method is disadvantaged.
Correct me if I'm wrong but couldn't dividends be automatic by checking the balanceOf the ethereum address in the contract? When I check this, it displays the correct token value.
Nice I like this system. I'll test Now!