Q: When does the crowdsale for a given project start and when does it end?
The exact dates will be posted on the project pages in the weeks leading to the crowdsale. Cofound.it projects will have at least two phases in their crowdsale:
- Phase 1: limited pre-sale for Cofound.it Priority Pass™ members only. Each member can contribute up to their ETH limit. ETH limit is based on the amount of CFI user wallet holds (5000 min).
- Phase 2: unlimited pre-sale for Cofound.it Priority Pass™ members only. No ETH limits apply.
- Phase 3: public crowdsale open to all contributors, no ETH limits apply.
It is not uncommon for projects to reach their hard cap in the pre-sale phase(s), so we recommend applying for a Cofound.it Priority Pass™ membership to gain access to the pre-sale phase(s). The public crowdsale will begin ONLY if the hard cap isn't reached in the pre-sale phase(s).
Q: What are the crowdsale threshold, soft, and hard cap?
Soft and hard caps will be defined differently for each project. Details for each project will be posted on the project's page before the crowdsale. All projects and access to their corresponding contribution page are listed on our website.
Q: What is the ETH address I should contribute to?
All contribution addresses will be announced on the project contribution page. Each project will have two pages on Cofound.it's website:
- project page with the business plan
- contribution page <-- this is where the address will be posted
The project page will link to the contribution page once the crowdsale starts, and the smart contract address for a given project will be published on the contribution page when the crowdsale starts. Do not trust any other addresses you might see on Slack, Twitter, Reddit or other channels. The Cofound.it team will NEVER share the address directly, so the best way to avoid scams is by visiting the project contribution website and copy-pasting the address from the page.
Q: Can I contribute in Bitcoin or other currency?
Ether (ETH) is the only currency we accept in our token crowdsales because of its support for smart contracts, which makes crowdsale simpler, more reliable and trustworthy. If you have BTC or other currencies, you can use an exchange to convert them into ETH. Just make sure to deposit your ETH into a ERC20 compatible wallet like Jaxx, MyEtherWallet, Parity, Mist, or MetaMask, and make the contribution from your own wallet, not directly from an exchange! We’ve prepared a detailed step-by-step guide to help you set up Jaxx wallet --> Jaxx guide ....or if you prefere to use MyEtherWallet --> MEW guide.
Q: Can I contribute to the crowdsale directly from Coinbase, Kraken or some other exchange?
No! You should only contribute to the crowdsale from a wallet for which you control the private key, so you will be able to receive the tokens after the crowdsale. In other words, if you contribute from an exchange, your tokens will be lost! That is why it’s important to use a compatible wallet such as Jaxx, MyEtherWallet, Parity, Mist, or MetaMask. Hardware wallets like the Ledger Nano S or Trezor are also ok. See this guide if you need help in setting up your wallet on MyEtherWallet.
Q: Can I use my Jaxx wallet?
Yes, you can use your existing Jaxx wallet because you control the private keys. Keep in mind that in Jaxx the public and private keys are sometimes changed to new ones — but you still have access to all the old ones. When the tokens are distributed, they will be distributed to the public key that you originally sent the funds from, so make sure to remember which public and private keys you used during the crowdsale. Also, Jaxx might not implement support for the tokens immediately when issued. In that case, the tokens can be accessed via MyEtherWallet.
To check your public and private keys in Jaxx, go to Tools -> Display Private Keys -> “I understand” -> Display Ethereum Keys. To access your wallet via MyEtherWallet, also visit Jazz and go to Tools -> Display Private Keys -> “I understand” -> Display Ethereum Keys -> Copy private key — and copy the private key. Once you have this key copied, you can go to MyEtherWallet, click on the Send Ether & Tokens tab, select the Private Key option, and paste the private key you copied from Jaxx to access your wallet.
If you want to set up Jaxx wallet from scratch, follow this guide.
Q: How and when will I receive my tokens?
Your project tokens will automatically be distributed into your wallet -- the one you contributed from during the crowdsale -- which is why it’s important to use a compatible wallet such as Jaxx, MyEtherWallet, Parity, Mist, or MetaMask.
Tokens will be sent to your wallet immediately after your transaction is processed by the smart contract.
Q: How many tokens will I get?
It depends. Each project will use their own token strategy, which will be described in their business plan. You can check the project business plans on their respective pages - you can find the list of all upcoming projects on our website. Project token mechanics are described on the project contribution page.
Q: When can I start trading with tokens and on which exchanges?
This also depends on the project and the exchanges. Generally speaking, tokens are locked for trading for some time (usually a couple of weeks) after the crowdsale. This is the time the exchanges need to implement support for the given token and prepare trading pairs. Which trading pairs will be available for the given token is up to exchanges and project owners to decide.
Q: What if I have additional questions or need additional help?
We’re here to help! You are reading an article on our Help Center, so you are in the right place. We’ve prepared a detailed guide on everything you need to do to become a crowdsale supporter. For specific questions regarding the projects, we recommend visiting their project pages and speaking to the team behind the project directly.
Of course, there is always our super kind and helpful support team, standing by to answer any additional questions you might have and help you to begin your journey in the crypto world. Simply send an email to firstname.lastname@example.org and we will be in touch :)