COTI’s frequently asked questions
Our team has gathered all the information you need to know about COTI’s community registration and pre-sale.
1. When is the ICO?
We are right now now a private sale for a minimum contribution of 50 ETH. We’ve opened the white-list for our special and limited community pre-sale! For our community members only.The whitelist registration started on May 21 and will last for 4 days only ! We’ve opened the whitelist for our special and limited community pre-sale! For our community members only.
2. How can I buy COTI?
From May 21, we have opened the whitelist registration on COTI’s website — press hereThe pre-sale contribution will be on June 4–5, 2018 for whitelisted members only! Please make sure you have subscribed for the newsletter on our website to get all the latest news.
3. What is the token price?
The token price is $0.1 per COTI. By purchasing COTI in one of our early stage sales you get a discount. On our community pre-sale the token price will be as following:
Two types of tokens:
- No lock-up at $0.085 (as 15% discount)
- 6-months lock-up at $0.075 (as 25% discount)
4. Will we get to select whether we get the 15% discount or the 25% discount?
Yes, on the contribution process, you will be asked to choose if you want to lock-up your contribution or not. According to that you will get the 15% or the 25%.
5. How much for minimum and maximum contribution?
Min. contribution: 0.1 ETH / 0.01 BTC
Max. contribution:
- First 24 hours: 1.5 ETH / 0.15 BTC
- After 24 hours: 50 ETH / 5 BTC
This is to ensure a fair shot and an equal opportunity for all our members!
6. What are the payment/purchase methods?
We accept only BTC and ETH during the community pre-sale.
7. What is the total supply of COTI?
The total supply of COTI tokens during the formative stages of the network will be limited to 2,000,000,000 COTI.
8. What is the soft cap and hard cap of the whole token sale?
Our overall cap is $30M to be split between our community sale, private sale and public sale. The cap for the current community pre-sale is not high and therefore we have limited the first day of sale, to allow maximum members of our community to join.
9. Is there an individual cap?
During community pre-sale, individual cap in the first 24 hours is 1.5 ETH / 0.15 BTC and after 24 hours will be 50 ETH / 5 BTC.
10. How much percent of the total supply is allocated to the sale?
30% of the total supply is allocated to the sale (all stages combined). So a total of 600,000,000 COTI. Please see the token economy on the website.
11. What means lock-up period and what are they?
A lock-up period is a time frame in which you cannot use the coins you’ve purchased with that specific lock-up period.
- The lock-up during COTI’s community pre-sale
The lock-up period is optional and can be for 6 months only. - The lock-up on the private sale
The lock-up is obligatory and can be of 6, 12, or 24 months. Of course, the longest your lock-up period is, the better will be the discount on the token price!
All lock-up periods will commence at the conclusion of the token sale.
12. When is the whitelist?
On May 21 we’ve started the whitelist for the community pre-sale! By being a part of our community and by subscribing to our newsletter, you are eligible to participate in the community pre-sale! As the community pre-sale is limited, first come — first served!
13. What is the exchange rate during pre-sale?
The rate for ETH/USD and BTC/USD will be set in advance. Following the pre-sale, rates will be retrospectively updated to the best possible value that was registered during the pre-sale. This will enable all participants to receive the best possible exchange rate. The sooner you participate, the better!
14. Who to contact during the pre-sale?
Our Telegram group is active 24/7 and we have a live chat support on the website during the day. However, to participate in the community pre-sale you don’t have to contact anyone - you will be able to simply access the website and start the process there.
15. What not to do?
- Never make any payment to someone over another channel than the COTI website.
- Never send ETH or BTC to any address you received via email or Telegram! No one from our team will never ever ask you personally or contact you in order to make any payment!
16. Where to send my ETH/BTC ?
Every participant in the presale will receive a UNIQUE ETH/BTC ADDRESS and he’s the only one allowed to send funds there.Please make sure not to disclose this address to anyone, otherwise your token allocation could be harmed.Also, never send ETH or BTC to any address you received via email of Telegram!
17. How to participate in the private sale?
To participate in the private sale for a minimum contribution of 50 ETH (or equivalent in other currencies), in exchange to special discount, you need to send an email . All the details will be given to your from there.
The COTI community is continuously growing at a rapid rate. If you have any questions, you are welcome to get in touch with us on Telegram or via email. We will be providing further updates in the near future. Register today and spread the word!