ICO FAQ

  • When does the ICO start and finish? What is the hard cap?

    It starts on the 16th January 2018 at 12:00 CET and It finishes on the 1st February at 12:00 CET or whenever the hard cap is reached.

    The hard cap is 14,333 ETH, with 8,333 ETH already raised in pre-sale.

  • What is the price of AidCoin tokens during the ICO? Is there any bonus?

    During the ICO, 1 ETH = 2,000 AID. There is no bonus.

  • How many tokens were allocated during pre-sale? What was the tokens price?

    During pre-sale we raised 8,333 ETH for 20,000,000 AID, therefore price is 1 ETH = 2,400 AID, with a 20% bonus compared to the ICO.

  • How do I join the ICO?

    Visit https://www.aidcoin.co and click “Register for ICO/Join the ICO”.

    There are two options to join the ICO:

    1. Directly through the AidCoin website
      • Currency accepted: ETH
      • No minimum contribution
      • Max contribution: 5 ETH
      • KYC: no
      • Tokens available: 4,000,000 AID
      • Hard cap: 2,000 ETH
    2. Through our partner Bitcoin Suisse
      • Currency accepted: ETH, BTC, USD, EUR, CHF, GBP, DKK and SGD
      • Min contribution: 1,000 USD, or equivalent in other currencies
      • Max contribution: No
      • KYC: yes
      • Tokens available: 8,000,000 AID
      • Hard cap: 4,000 ETH
  • Is there a tutorial on how to participate and contribute?

    If you participate via the AidCoin website, please read this step-by-step guide for:

    You can join the AidCoin ICO with any ETH wallet of which you fully own and control the private keys. DO NOT join the ICO using an exchange wallet.

    If you participate via Bitcoin Suisse, you need to register on their platform and do KYC. Please read this quick step-by-step guide: https://medium.com/aidcoin/guide-to-register-to-aidcoin-ico-b1133df4dd82

  • Which are the recommended Ethereum wallets?

    The recommended Ethereum wallets that allow you to have full control and ownership of your private keys and as such are suitable for receiving and managing AID Tokens are:

    • MyEtherWallet (MeW)
    • Eidoo
    • MetaMask
    • Mist / Ethereum Wallet
    • Geth
  • How can I join the discussion or contact the team?

    You are welcome to join the discussion on Telegram, Twitter and Facebook.

  • Is the ICO open to all investors?

    Unfortunately due to the uncertain regulatory landscape in the United States, US citizens, resident or entity are not allowed to participate in the ICO.

TOKEN FAQ

  • What is the total supply?

    Max supply of AidCoin will be 100,000,000 tokens. No additional tokens will be created after the ICO.

  • Could AidCoin be considered a security token?

    Based on the legal advice we gathered from our partners at KPMG Suisse, AidCoin tokens would not be considered as securities.

  • What will happen to unsold tokens?

    Tokens will be minted when ETH are sent to the smart contract, therefore unsold tokens are actually non created.

  • When will the token be distributed and tradable?

    Tokens will be immediately distributed and will be transferable after the ICO.

  • Is the token going to get listed on exchanges?

    We are in advanced talks with one of the top exchanges for listing AidCoin.

  • Are there vesting periods for team, advisors and company?

    Yes, tokens allocated to team and AidCoin parent company are locked by the smart contract for 12 months. 20% of tokens allocated to advisors will be transferable when ICO ends, while the remaining 80% are locked by the smart contract for 6 months.

PRODUCT FAQ

  • What is AidCoin?

    AidCoin is the ERC20 token that aims to become the preferred method to donate transparently through the Ethereum blockchain and to access the ecosystem of services provided by the AIDChain platform. The adoption of cryptocurrencies will impact the way we donate in the future and AidCoin is poised to play a leading role in this new era of fundraising.

  • What is AidChain?

    AIDChain is a platform that provides an ecosystem of services through an easy-to-use interface, connecting the non-profit community while allowing full transparency and traceability of donations. AIDChain’s services include an internal exchange to convert major cryptocurrencies into AidCoin, a built-in wallet to store and donate easily, an explorer to track donations transparently, tools to connect donors with all the actors involved in the non-profit sector and templates of smart contracts to run fundraising campaigns.

  • What is AidPay?

    AIDPay is a payment gateway/embeddable widget that allows charities registered on the AidChain platform to accept donations in different cryptocurrencies directly on their website which are then instantly converted into AidCoin. This is to allow charities to simply manage all donations received within a single wallet while providing transparency and traceability through AidCoin.

  • What problems do AidCoin, AidChain and AidPay solve?

    The non-profit sector today is worth an estimated $2 trillion worldwide, yet headlines in recent times have seen the sector stumble between corruption scandals, gross inefficiencies, false expenses and misuse of funds. Donor’s trust in charities has been declining steadily. In a 2015 poll, more than 30% of those interviewed did not trust charities and nonprofits.

    Given recent scandals, it is understandable that society has grown skeptical towards the non-profit sector. Using distributed ledgers to track transactions, cryptocurrencies to transfer funds and smart contracts to ensure donations are spent correctly, we are determined to make non-profit sector more transparent, efficient and cost-effective.

  • Who is behind this project?

    The AIDChain platform and AidCoin token are conceived and developed by CharityStars, a VC-backed charity fundraising company. Since its inception in 2013, CharityStars’ team of 25 professionals has worked with 500+ charities including Unicef, Save the Children and WWF. CharityStars’ core competency is the ability to forge high-level partnerships between charities, celebrities and high-profile corporations. CharityStars has developed an ecosystem of charities, donors, celebrity donors and gala events which will be key to facilitate the immediate use of the token.