Piggy.finance — Frequently Asked Questions
These are the answers to questions we are receving quite often
1. What is Piggy.finance?
Piggy.finace is fully functioning decentralized mobile payment platform that, in addition of its regular functions, teaches children and their parental counterparts about how to save money and understand volatility and currency exchange. It shows its users why decentralization is such a great thing. If there is a contract saying that children can empty their piggy banks after they have collected a specified amount, there needs to be a mutual trust between both children and parents that they will stand up to their promises. If such a contract is placed on a blockchain, there is no such authority, giving children the ability to withdraw money only when conditions are met without their parents being able to stop them. For more information, please read the Technical White Paper.
2. Who is the team behing Piggy.finance?
Unlike many other ICOs, we are already an experienced team with more than 40 programmers on board that have been delivering mobile solutions for top tech startups for the last 5 years. Moreover our team has other two business and marketing advisors and in-house lawyer with experience in similar projects. For more information about our team, please read this medium article.
3. What are PIG tokens?
4. What does PIG stand for?
PIG is a token abbreviation of piggy token. Simple as that.
5. Why can’t U.S. citizens, residents or entities purchase PIG Tokens?
It was decided that U.S. citizens, residents and entities should be excluded from purchasing PIG Tokens in the token distribution because of some of the logistical challenges associated with differing regulations in the many states of the United States of America. We donot believe that the distribution of PIG Tokens or the PIG Tokens themselves are securities, commodities, swaps on either securities or commodities, or similar financial instruments. The PIG Tokens are not designed for investment or speculative purposes and should not be considered as a type of investment. Nevertheless, U.S. citizens, residents and entities should not purchase or attempt to purchase PIG Tokens.
6. How much funding do you need to consider the ICO a success?
6. What happens if the ICO is not successful?
7. When does the sale end?
8. Why use a token instead of Ether?
9. Are there any interviews with your team?
10. Are there network fees when transferring PIG Tokens?
Yes, the PIG Token is an ERC-20 compatible token; therefore, transfers will be subject to ETH gas fees like all other transactions on the Ethereum network.
11. Are you the team behind piggy-coin.com?
No! None of us had nothing to do with this scam https://www.piggy-coin.com/. The only thing in common we have is the word ‘piggy’ in our names.
If you have any other questions about Piggy.finance token sale or our platform, we have an open discussion happening in our discord channel.