Author

Topic: Buying token before mainnet? (Read 207 times)

member
Activity: 258
Merit: 10
October 25, 2017, 03:54:23 PM
#1
Hi guys,
Recently, I want to wrap some tokens from ICOs I missed, and Etherdelta (ED) seems to be a good source for that. However, I realized that if some new tokens are not shown in there name but by another name if I put the pari of smart contract-ETH to the ED. For example, CND tokens are showed as Cindic, and WAN tokens are shown as WANCOI (https://etherdelta.com/#0x5fc6de61258e63706543bb57619b99cc0e5a5a1f-ETH). As I understand, this is the same smart contract address of WANCHAIN, so if I buy tokens there, it should be ok. However, as WANCHAIN team said that

-Transferring to another wallet you control is okay (but don't move them unless you need to for security purposes)

-Transferring/selling to someone else is not okay

-We can only guarantee the exchange of ERC20 tokens for Wancoins that come from the same address.

Purchasing or selling Wancoins prior to the mainnet launch in November is a violation of the ICO terms and could result in losing the ability to exchange your remaining Wancoins when the network goes live.

I am not really clear what is the point of mainnet? Can I read it in their smart contract. They say that tokens can be transfer from one wallet to another but not exchange... I not really clear. Do they check again all holders to see which is legal and which is not? strange

Thank you
Jump to: