WaBi ICO starts 28th of November at
www.wacoin.io | Whitelist + individual caps.
------------------
1) ICO details:
28 of October: KYC registration starts at
www.wacoin.io.
Participants who pass KYC will be added to the Whitelist.
21st of November - Whitelist closed.
USD 0.25 per token.
46,000,000 tokens for sale.
USD 11,500,000 hard cap.
Total supply: 100,000,000 tokens.
An individual cap will be applied on the first day of the ICO.
It will be doubled on day 2 and doubled again on day 3.
If not all WaBis are sold by then, we will remove the caps from day 4 onwards.
------------------
2) KYC: starts on 28th of October at
www.wacoin.ioTo participate in our token sale, you will need to pass KYC. We will require:
- Full name
- Citizenship(s)
- Photo/scan of your government-issued ID which states citizenship. Passports will be accepted. Decisions on all other documents will be made on a case-by-case basis and will result in delay
- Selfie of you holding the submitted ID document
- Email
- Mobile phone number
- ETH address to which we can send the WaBi tokens (you need to have control of this address, e.g. it can not be an exchange address).
Participation restrictions:
Unfortunately we will need to restrict certain groups of people:
- Nationals of the People’s Republic of China
- US persons (US citizens, US residents, green card holders), if they don’t have an accredited investor status. You will need to prove your accredited investor status through a 3rd party vendor that we are working with
- Persons under 18 years of age
We don't like to restrict people from participating in our sale but we also need to comply with relevant regulations and protect the project from any legal risks.
------------------
3) PreICO tokens buyback: We will announce exact details of the process for both options a) and b) soon.
There’s been a lot of fear of tokens being 'dumped' by the preICO contributors. We are making an offer to all preICO participants that will completely eliminate the problem.
In essence the offer to preWaBi holders is:
EITHER
a) To lock tokens for 3-6 months and get 5-10% bonus (coming out of the founders’ personal allocation)
OR
b) Sell preWaBi back to WaBi Project at 8.5USD/preWaBi or 0.25USD/WaBi (reflecting the 1:34 preWaBi to WaBi ratio).
This way, whatever 'dumping' might occur will be absorbed by the project and not the ICO contributors at the exchange.
All tokens bought back by WaBi project will be held as a reserve for at least 6 months.