FANTOM Post-Crowdsale FAQ

During and after the Crowdsale, many individuals in the community asked many common questions, including some about aspects of the Crowdsale that might not have been explained in detail. The following should help answer a lot of those questions.

How were the lotteries conducted?

Two lotteries were conducted.

The first included a list of 6000 ETH addresses from a list of over 84,000 that were chosen.

A second lottery was conducted to chose a list of 3600 ETH addresses from the remaining number that were not chosen in the first lottery. Our intention was to originally conduct a second lottery based on those chosen in the first list after AML and KYC checks took place. However, only ~26% of profiles had successfully passed Cynopsis’s AML and KYC checks.

Each lottery was conducted as follows:

1. Import a list of line-separated each addresses saved in a .txt file.
2. Shuffle the list.
3. Choose a number generated by the NIST Randomness Beacon.
4. Follow the methodology detailed here: https://medium.com/fantomfoundation/fantom-whitelisting-lottery-overview-363c4275c677

How many participated in lottery, were whitelisted and were able to participate in crowdsale?

Over 84,000 entries were allowed, after filtering.

6000 were chosen in the first lottery.

3600 were chosen in the second lottery.

Of those 9600 entries put through AML and KYC checks, 2552 passed.

Hence, 2552 ETH addresses were whitelisted for the Crowdsale.

Could people send more than the max cap in first 24 hour?

No. Those that send more were refunded above their maximum cap.

For example, in this transaction, the sender (“0x5245cbc812e259cb3ea8b5fc0221ffb6c7ce9b5a”) had sent to the contract address. However, as can be seen in the screenshot below, 4.999705344 ETH was transferred back to the sender, and 0.000294656 ETH was successfully transferred to the contract, as this was within the sender’s maximum cap in the first 24 hours of1.692294656 ETH.

Hence, the sender received 3.412705792 FTM in exchange for 0.000294656 ETH.

Was the max cap lifted earlier than 16 June 2018, 9am GMT + 0?

No. The max cap was lifted for all ETH addresses for transaction included in all blocks mined at or after 16 June 2018, 9am GMT + 0.

Why did so many fail AML and KYC checks?

Reasons for failure included:

• Photo mismatch between photo of yourself and passport image.
• Data mismatch between what was entered in the whitelisted form and what appeared in your passport image.
• Some individuals were deemed “high risk”, based on Cynopsis risk assessment.

Why were only Passports accepted?

Cynopsis’s system can only check entered data by the user (such as Given names, Last names, and Date of Birth) against the data present in Passport images. It is currently not possible to do so against National ID cards and Drivers’ licenses.

If we did not check against user input, then a user could simply upload a National ID card or Drivers’ licenses and only the user’s photo of yourself and the image present in the ID could be checked. It would be impossible to perform the necessary AML and KYC checks.