CoinLoan: How to Buy Tokens?
One of the most popular questions from CoinLoan community is how to buy tokens. So we have prepared a brief step-by-step guide for you. Before advising what to do, here are some key aspects:
- The CoinLoan ICO begins in mid-November, 2017. We’ll announce the precise date very soon.
- The main advantage for ICO participants is that tokens purchased during the Pre-sale and ICO can be used for paying the platform fee after launching. The token price on the ICO will start from $2 and rise to $8.
As for purchasing the tokens, the main thing is signing up at the website. This shall take a few minutes. You need to use your Email an a password created by you. For activating the account you have to follow the link from the Email. After signing up and entering all required data, you’ll open your account. Here you will see the timer clock with the ICO stage status. The timer will be updated when the ICO beginning date will be known. Also, you can find the current cryptocurrency exchange rate and referral link in your account.
When you decide to purchase some tokens for Bitcoin or Ethereum you’ll see your personal deposit address for transferring them. Each ICO participant will have a unique address according to which the system determines who received funds and which ones and how to credit them.
The exchange rate of cryptocurrency is updated every 30 seconds by a large European crypto-exchange. At the main ICO the token price will start from $2. After transferring the funds to the stated wallet it will be displayed in the transaction history table.
The complete procedure of purchasing the tokens will take approximately 10 minutes depending on the cryptocurrency network load and transaction miner fee set. For transaction completion, it should receive several confirmations from the blockchain network. Our system has a limit: at least one confirmation from the network for Bitcoin transactions and 6 confirmations from the network for Ethereum transactions. Before confirming, the transaction will have a “Pending” status, but the conversion rate will be recorded already. So the only thing you have to do is to wait until the network confirmed the transaction.
After confirming the transaction, the tokens will be credited to your balance and displayed in your account. The Bitcoin transactions will be displayed in the table at once and Ethereum transactions will be displayed in a few minutes. When the tokens will be credited to your balance they are stored there until full completion of the ICO. This means that after this we will add the function of token withdrawal in the account. Before the ICO ends, the tokens will be stored in the account with the personal wallet address.
Also, CoinLoan has a “refer-a-friend” bonus program according to which you will receive a bonus equal to 5% of the amount of such friend’s purchase.
The main ICO will start in 2–3 weeks. The specific date will be available soon, so please stay in touch.