**Kolin Sale Announcement & FAQ**

We are pleased to announce the opening of the Initial Public Offering (IPO) of Kolin, the native utility of Kolin platform. Below you’ll find some commonly asked questions and their answers as of 2nd July, 2018. We will update this document from time to time. You should periodically check our website for updates.

What is Kolin vision?

Although information and communication technologies (ICT) have become global and ubiquitous during last decades, language continuous to be a huge obstacle between people that speak different languages.

Kolin will become an agent of change in this area by generating multilingual and open technical material and also by offering translation services to private entities. Both in order to make access to knowledge universal, making Kolin a core point for the generation of a more inclusive world.

Following that vision, Kolin born as an acronym of "Konscienco Lingvo" which in Esperanto means "Conscious Language" making reference to the need of language universality and also consciousness within technical language.

How will the Kolin platform work?

For instance, someone thirst for technical knowledge will upload a file in to the Kolin platform and will have the option to either pay for a private translation service or offer this file to volunteers that will be rewarded for their public translation.

What blockchain is Kolin based on?

Kolin is based on the decentralized WAVES market standard smart contract. Formed within the blockchain and subject to automatic execution upon the occurrence of pre-defined criteria and events and subject to certain conditions, Kolin tokens are valid indefinitely and are the property of their respective holders.

What is the initial price of a Kolin?

Upon launch, a single Kolin token will be valued at 200 wavoshis and for equivalent prices in other cryptocurrencies (i.e. 0.09 sat). Waves DEX exchange (https://beta.wavesplatform.com/) will be used for their initial sale and distribution.

What is special in the Kolin sale mechanics?

KOLIN will be sold in an Initial Public Offering (IPO) format, using a standard an transparent procedure commonly used in stocks exchange, with the added benefits that blockchain grants. The above because we believe that the mechanisms generally used for public distribution of tokens are broken. Therefore, the sale will be performed on a completely Public format where everyone can track the procedure of this one.

How does this sale works and what is the total supply to be offered?

The total supply on this IPO is of 2 billion, distributed on ascending steps of 200 wavoshis and 100M Kolin. This will work on “first come first served” format.

First owners of Kolin will receive different bonus after finalized each sale stage, as detailed next:

1st stage: 100M Kolin at 200 wavoshis ; owners will receive + 50% bonus (m.a.p.w 500K)
2nd stage: 100M Kolin at 400 wavoshis; owners will receive + 25% bonus (m.a.p.w 500K)
3rd stage: 100M Kolin at 600 wavoshis; owners will receive + 10% bonus (m.a.p.w 500K)
4th stage: 100M Kolin at 800 wavoshis; owners will receive + 5% bonus (m.a.p.w 500K)

*m.a.p.w. = maximum airdrop to be received per wallet

Why do you offer a bonus with m.a.p.w.?

As Kolin’s main goal is to shorten barriers between different languages and cultures, we want to benefit as much people as possible with the initial low prices offered. Hence, using m.a.p.w will help to restrict the accumulation of large quantities of Kolin during the IPO.

For instance, an investor will need to buy a maximum of 1M Kolin on the first stage to receive the maximum reward of 500K. However, if that same person wants to receive more rewards, it must wait until the next stage, where a holder will need 2M Kolin for receiving the maximum reward.