Cofound.it crowdsale FAQ

Here are the answers to some of the most frequently asked questions we’ve received about the upcoming Cofound.it crowdsale. If you have additional questions, join our public Slack!

When does the Cofound.it crowdsale start and when does it end?

The pre-sale for Cofound.it Priority Pass™ holders begins on Sunday, June 4, 2017 at 11 AM EST / 5 PM CEST (see instructions on how to contribute if you have a Priority Pass) and lasts till the end of crowdsale. The public crowdsale opens on Wednesday, June 7, 2017 at 11 AM EST / 5 PM CEST. The crowdsale will end when the hard cap of $12.5M is reached or on July 5 at 11 AM EST / 5 PM CEST at the latest.

Update: the priority pre-sale reached the hard cap before the public crowdsale started. There will be no additional crowdsale on June 7. Thank you for your amazing support!

What are the crowdsale threshold, soft, and hard cap?

We set the success threshold at $1M, our core goal (soft cap) at $2.5M, and our hard cap at $12.5M in ETH, with the conversion rate fixed at the time of the smart contract deployment. The crowdsale threshold has now been fixed at 4 525 ETH and the hard cap at 56 565 ETH.

What is the ETH address I should contribute to?

The address will be published on our crowdsale website 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 our crowdsale website (https://crowdsale.cofound.it/) and copy-pasting the address from the contribution page.

Can I contribute in Bitcoin or other currency?

Ether (ETH) is the only currency we accept in our token crowdsale because of its support for smart contracts, which make our 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 MyEtherWallet, Parity, Mist, or MetaMask, and make the contribution from your own wallet, not directly from an exchange! We’ve prepared a step-by-step guide to guide you through the process of setting up your wallet on MyEtherWallet.

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 we can send you the CFI tokens after the crowdsale. Exchange wallets are unable to receive crowdsale tokens. In other words, if you contribute from an exchange, your tokens might be lost! That is why it’s important to use a compatible wallet such as 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.