We advocate full transparency, so if you don’t see your questions answered in our FAQ, please write us and we’ll get back to you.
What is an ICO?
ICO stands for “Initial Coin Offering” and it is a means of raising crypto-capital through a crowdfunding campaign by distributing coins to the contributors. A digital asset or coins is issued for a specific purpose with platform utility in mind. After the ICO process is done, the coins may be used in a platform or traded on crypto-exchanges, with market supply and demand deciding on its fair value.
WHAT ARE THE RISKS RELATED TO ICOS?
Currently, ICO risks can be linked to the risks associated with cryptocurrencies, more specifically being a new instrument, the lack of regulations, the possibility of market manipulation, the price volatility of the token, the anonymity of token-buyers, nontransparent valuation, low liquidity, etc.
Because of the dynamic developments as well as the high degree of uncertainty and volatility in the sector, regulations are following the practical implementation of cryptocurrency and blockchain technologies. The rapidly developing sector may suddenly become a subject to statutory and regulatory requirements, which may potentially alter the business;
In addition, having in mind the relatively recent rise of this market, the unpredictability of the future economic conditions may have a significant impact on the success of any coin offering in general. In short the greater the reward the greater the risk.
TRANSPIRES BY TRADITIONAL TRADE, WHAT DOES IT MEAN?
We believe monitory growth nine out of ten is in traditional trade. Things people purchase for their day to day living. Moral Coin will utilize traditional trade for the growth of its utility to ensure long-term liquidity of Marc’s and to avoid high volatility. Moral Coins main value will be in proportion to the expansion of traditional trade rather than just listings on exchanges.
When does the pre-ICO round start?
The pre-ICO launches on April 27th 2018
Why are you starting with a pre-ICO?
The purpose of our pre-ICO round is to ascertain community interest regarding our platform and obtain pre-seed funds for our aggressive marketing strategy plan. This will allow us to avoid traditional venture capital funding, and still obtain some leverage before launching our full-blown ICO.
How will I receive moral coins after I send my contribution?
It will be generating a unique address for you in your favorite crypto flavor, you will be using this address to deposit your contribution. Any transaction using the given address will count as your contribution to the project.
HOW IS THE “CoiN” Symbol?
Moral Coin/Token Symbol is MRC.
WHAT HAPPENS from April 27th, 2018?
The Coin Offering will start on April 27th, 2018. There will be 3 rounds in all with start date Round 1. 27th April 2018. Round 2. 30th July 2018. Round 3. 17th October 2018. Each Round will offer Coins at a higher value than the previous one. Together with these our Multi Referral ICO will also be available. Early participants will benefit most.
WHO CAN PARTICIPATE IN THE COIN OFFERING?
Any individual and/or entity covering the eligibility criteria set can participate in the Coin Offering
HOW TO REGISTER FOR THE COIN OFFERING?
To register for the Coin Offering and receive Moral Coins, please go to www.moralcoin.io and click Sign In or Join. Then follow the steps of the registration process. Please select whether you prefer to participate as a company or an individual – depending on your choice you will be asked to submit the relevant information
WHAT SHOULD BE I AWARE OF BEFORE STARTING THE REGISTRATION PROCESS?
During the registration process, you will be asked to select a package with which you would like to participate in the Coin Offering. You will also be required to provide information if you participating as an individual, Company or on behalf of a group.
Do I HAVE TO SELECT A PACKAGE?
No, if you do not wish to select a package, you may transfer Ethers directly to our smart address. Our System will automatically calculate and send you moral coins accordingly. i.e Round 1, 500 Mrc’s per Eth. Round 2, 300 Mrc’s per Eth. Round 3 100 Mrc’s per Eth. However, selecting specific packages has its clear benefits.
Where are you based and what is your legal structure?
Moral Coin is incorporated in Europe, with our Engineering operations being based in Asia and Africa, and having advisors and collaborators from all over the world, including US, China, South Africa, Canada, and the UK.
What exchanges are going to list Moral Coin?
At present, we are unable to post a guaranteed list of all exchanges we will work with, Our aim is to build solid liquidity and traditional trade and commerce platforms to drive usage of MRCs prior to listing, as we believe it is the liquidity that brings about an exchange. Moral Coin will endeavour to appear on several exchanges. The exact amount of exchanges we are going to be listed on is yet to be defined.
Why did you decide not to integrate other platforms to conduct the ICO?
Our solution currently runs on the ETH blockchain in order to guarantee the level of service and stability required for this kind of operation. Furthermore, most investors already have an Ethereum account and trust this platform. Our distribution approach is also different from a standard ICO.
What is going to happen in case you are not able to collect the estimated funds?
We have a prolonged and an extended ico, therefore, we will continue developing the Moral Coin platform with any collected ICO proceeds, following our tentative roadmap of operational development. We already have a sufficient number of preliminary supporters involved, which allow us to count on the worthy results of this ico.
I am a US citizen. Can I participate in the ICO?
Unfortunately, US citizens and residents are not allowed to participate in the ICO due to US Security Law restrictions. We wholeheartedly respect all country laws in all locations we operate and urge you to obtain more information regarding specific financial laws in your jurisdiction.
You can participate in the ICO if you are neither a U.S. citizen or permanent resident of the United States, nor have a primary residence or domicile in the United States, including Puerto Rico, the U.S. Virgin Islands, and any other territories of the United States. However we are working towards enabling USA citizens to take part in this transpiring traditional trade platform.
What happens if I do not specify a wallet address?
After a period following the ICO date, you will be able to add an ETH address to your investor profile in order to withdraw your Moral Coins.
Please guide me to get my Moral Coin to MyEtherWallet
To receive your Moral Coins on your MyEtherwallet.com you need to:
- Open your wallet
- Find in the bottom right section where you can add a custom coin/token.
Is there a minimum investment stake?
Yes, our current minimum investment stake is set at 0.01 ETH or 0.001 BTC.
Is there a maximum investment stake?
Not at present. However, if you plan on contributing a significant amount we encourage you to contact us directly, as we have a limited percentage allocation for private backers.
I want to participate in your ICO. Can I contribute with fiat currency (eg: USD, EUR, GBP, CHF, RMB)?
Yes, Your fiat currency will be converted to ETH or BTC then contribution process will begin. For large contributions, we suggest you to contact us directly.
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We are a team of mixed professionals got together with One Vision.i.e how to integrate transforming technology into traditional trades.Therefore solidifying virtual economy namely Moral Coin by real traditional trade.Moral Coin is founded by it’s CEO Z.Muhammad after researching for over 2 Years upon the subjects of solidifying global economy.Over time it has formed a team of professionals from around the world to see ensure Moral Coin contributes to being a better, brighter and more efficient financial model.