Trade Token ICO Details

in #cryptocurrency7 years ago

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Registration begins on October 6th, 2017. The PRE-ICO sale begins November 7th, 2017 @ 00:01 CET and concludes November 25th, 23:59PM CET. The ICO begins November 28th, 2017 @ 00:01 CET and concludes December 15th, 2017 @ 23:59 CET

How To Participate in the ICO ?
Participation is simple and only takes a minute. Simply navigate to the Contribute Now button on our home page and provide your information such as name, email, address, etc. Next, you will be prompted to upload a recent copy of your ID & Proof of Residence and agree to the terms of our SAFT (Simple Agreement for Future Tokens). Once you have completed that you will be directed to your Members Area which displays all of our deposit methods.

Which Countries are barred from participation in ICO ?
Currently the United States unless you’re an accredited investor & People’s Republic of China. We recommend you familiarize yourself with your respective countries rules and regulations with regards to ICO participation.

How much can I Invest in ICO ?
USD10 or equivalent is minimum, and no maximum has been established.

Methods to invest in the ICO
For Pre-ICO, we’ll be accepting payments via Local Bank Deposit, Ethereum & International Bank Wire. If you have Bitcoin, there are instructions in the Members Area to convert to Ethereum.
For ICO, we will only be accepting payments via ETH.

We strongly encourage ICO participants to ONLY use deposit methods found in the trade.io Member’s Area.

How to get ETH fo ICO? ?
There are various exchangers available online. For Malaysia we suggest using Luno (www.luno.com) which allows you to buy BTC, and for Singapore we suggest using Coinbase (www.coinbase.com) Further instructions can be found in the trade.io Members Area. If you require assistance please contact us on Live Chat or email us at [email protected] and we will be happy to assist.

Do not send from an exchange! You must have the private key for the wallet you are using. Options include myetherwallet.com or MIST-(https://github.com/ethereum/mist/releases). Don't use Mobile devices.
If your ETH is in an exchange, please send that ETH to your private wallet ETH address first, then send the ETH from your private wallet to tradeio.eth

How do I exchange BTC to ETH ?
This will be particularly useful for clients only participating in ICO. This can be done via the "SWAP" feature in myetherwallet.com or via Shapeshift (https://www.shapeshift.io/). For anyone who only has BTC and wants to purchase ETH this would be a good site. Further instructions can be found in the trade.io Members Area. If you require assistance please contact us on Live Chat or email us at [email protected] and we will be happy to assist.

What is the cost of purchasing Trade Tokens ?
During the PRE-ICO period from November 7, 2017 to November 25th, 2017, you may purchase TIO at a rate of 1 ETH for 200 TIO. For purchases in fiat, we will have an online converter to assist you in seeing how many TIO you are able to purchase.

During the ICO period from November 28th to December 15th, TIO’s price will be tier-based starting at 150 TIO for 1 ETH. On December 5th the price will be 125 TIO for 1 ETH. Finally, on December 12th, the price will be 100 TIO for 1 ETH.

Which dates will the Trade Tokens (TIO) will be relaesed ?
Within 30 days of close of ICO. ICO is scheduled to close on December 15th. TIO will be distributed into your wallet no later than January 15th. If you don't already have a wallet to accept ETH based tokens, we recommend using www.myetherwallet.com. Setup takes less than 5 minutes.

Please note that Trade Tokens will not be released unless KYC information (ID & Proof of Residence) is submitted. You may do so within your Members Area. Additionally, you will be required to place your Ethereum address into your Members Area for proper processing.

What wallet should I use to accept my Trade Tokens once they are released?
Having a wallet that accepts ERC-20 compliant tokens is necessary to receive your Trade Token allocation. Trade Tokens are ERC-20 compliant tokens which in short means they are for use within the Ethereum system. Therefore, most any wallet that holds Ethereum (ETH) should suffice. We suggest using www.myetherwallet.com, as it is the easiest to setup and takes less than 5 minutes to do so. Further instructions can be found in the trade.io Members Area.

It is highly recommended that you store your Trade Tokens in an offline, cold storage solution. Please do not leave Trade Tokens on centralized exchanges, nor should you have a backup of your private key in your email, on your desktop or in your Google Drive, etc. Trezor & Ledger Wallet are great hardware wallet solutions, supporting all ERC-20 Ethereum token types.

If you require assistance please contact us on Live Chat or email us at [email protected] and we will be happy to assist.

What will happen to any unsold Trade Tokens?
Any unsold Trade Tokens will be burned. Meaning, destroyed by a smart contract, thus decreasing the total supply of Trade Tokens in existence.

When is Trade Token tradable and on which exchange?
We are endeavoring to have Trade Tokens tradable on an exchange within 30 days following the issuing of Trade Tokens which are scheduled to be released within 30 days post-ICO, with the ICO ending December 15th. We are anticipating to be listed on multiple exchanges. The expected name of the token is Trade Token. We will be making public announcements once Trade Token is listed on an exchange.

Besides the expected potential price increase of Trade Token, are there any profit/benefits for Trade Token holders?
Trade Token holders will be able to participate in the following:

Gain entry into the trade.io shared liquidity pool
Share in the liquidity pool profits/losses, based upon total contribution to pool (Trade Tokens, fiat, etc.) and activity
Intermediary currency with low transaction fee
Participate as a market maker on trade.io
Stored value

When will the ICO commissions be paid to agents?
Trade Tokens will be paid at the time of general public token disbursement (i.e. within 30 days following the end of ICO) Fiat commissions will be paid at same time token disbursement is done.

Can participants utilize the Trade Tokens on any other trading platform prior to trade.io platform being ready?

We are anticipating allowing Trade Token holders to participate in a liquidity pool outside of trade.io platform initially on specific platforms. An announcement to this end will be made following the distribution of Trade Tokens following the ICO.

How do I exchange Trade Tokens for fiat or other cryptocurrencies?
Through any exchange that is offering Trade Token to clients.

Will the liquidity pool section of the e-wallet have fiat portion as part of participation?
Yes, the E-Wallet will contain crypto, fiat & Trade Token all which will be eligible for Liquidity Pool given the requisite number of Trade Tokens are being held in the wallet.

Who are the shareholders of trade.io?
trade.io does not disclose the shareholders, only the board of directors, management & advisors which are available on our presentation, white paper, & website.

How do you deem if the trade.io ICO is successful?
trade.io is offering 275 million Trade Tokens over the next 45 days. We will not be viewing the ICO raise as a gauge of success or not, but rather how Trade Token trades on the exchanges post ICO. Our primary objective is to create as much value as possible in Trade Token by executing across multiple fronts including the Liquidity Pool.

What is the expected daily distribution from the liquidity pool for e-wallet holders?

This will vary greatly as the liquidity pool’s performance is impacted by multiple factors, including:

Spread
Commission
Aggregation
Risk Positions
Margin Interest
Transaction & Placement Fees
Stock Lending and Borrowing Interest
A liquidity pool participant may expect positive and negative results on a daily basis within their participation in the liquidity pool. It is trade.io’s expectations however, through experience, that the % earned on positive days will outweigh the % lost on negative days. As always, past performance is not indicative of future results.

Is Trade Token a security or utility token?
Following multiple legal consultations across various jurisdictions, trade.io management is fully confident that Trade Token falls under the classification of a utility token and NOT a security.

Trade Token acts like a membership coupon that grants access to the trade.io shared liquidity pool when used in the trade.io wallet. Pool participants can contribute Fiat, Crypto, and Trade Tokens (and eventually other listed assets) to the pool. The liquidity pool pays these wallet holders out in a variety of currencies such as crypto and fiat. Therefore, if Trade Tokens are held outside the wallet, or not participating in the liquidity pool, there would be no access to the shared liquidity pool benefits that the wallet holders receive. Additionally, Trade Token holders may receive other coupon benefits such as preferred access or discounts on future products or new listings. To summarize, Trade Token’s act as:

a lower cost medium of exchange on trade.io
a store of value that can be used to purchase goods and services
a membership key in the trade.io wallet to the liquidity pool
a coupon enabling wallet participants to receive higher levels of benefits
a coupon for preferred access to products or new listings on trade.io when used in the wallet

Will you enable clients to see the Trade Token Smart Contract on GitHub?
Yes, Trade Token will be listed on GitHub no later than 5 November 2017.

Are Trade Tokens transferrable?
Yes

Is the blockchain trade.io connecting its trade platform open and public and is the code going to be published on GitHub?
Yes

How do I contact trade.io with any questions or concerns?
trade.io is one of the few companies to offer 24/7 Live Chat & E-Mail support. Feel free to contact us anytime.