To participate in the distribution of BLO tokens, you must send Ethers (ETH) to the Token Sale smart contract address. This process requires an ERC-20 compatible wallet.
We recommend using MyEtherWallet or MetaMask to buy BLO tokens. This document will explain the steps to send your ETH to Blok’s Smart Contract address.
If you need help to create wallet using My Ether Wallet, please refer to our guide for creating an Ethereum wallet here.
If you are participating with more than 15 Ether in Blok ICO.
KYC is required if you are participating in Blok’s ICO with more than 15 ETH. The KYC requires the following documents:
- Scanned image/scan of a passport, drivers license or national ID.
- Your photo.
Follow the KYC instructions here.
If you are participating with equal to or less than 15 Ether in Blok ICO.
Send your ETH to the below address. 1 ETH = 5700 BLO
0x4863e8c8bd928bd1cf85eea784736e35c2f48a6a
Please note the below important points before you proceed further:
- For every ETH you invest, you will receive 5700 BLO tokens.
- You will be granted your BLO tokens immediately.
- They will be available for transfer at the end of ICO i.e 10-May, or when all tokens have been sold out.
- Minimum contribution is 0.1 ETH
- Any ETH contribution sent after the sale of all tokens will be refunded back to your own wallet automatically.
Step 1: Open MEW (My Ether Wallet)
Browse to the website: https://myetherwallet.com/
Click on the “Send Ether & Tokens” button, as shown below.
Step 2: Unlock your wallet
At this stage, you need to unlock your previously created MEW wallet. If you have created the wallet by following our MEW guide here, then please proceed with using the private key to unlock the wallet.
Note: if you are connecting through a hard wallet, please feel free to do so as well.
To unlock wallet using the private key, please click on the “Private Key” radio button at the bottom.
You should be able to see a free text box to enter the private key, as shown in above snapshot.
Enter the private key as you would have safely stored it previously. After entering a valid key, ‘Unlock’ button will appear as shown above.
Click “Unlock”.
Step 3: Initiate transaction
In the next window, please perform the following steps.
- Enter the Blok smart contract address in the “To Address” field, as shown below.
- Enter the amount of ether you want to contribute.
- Enter the Gas Limit.
We recommend to choose 180,000 as the “Gas Limit”. It’s safer to opt for higher Gas limit since unused gas is refunded in your wallet. In case you choose very low value and your transaction is not able to reach, that gas will go wasted completely.
As for GWEI, since the network load is very volatile, we recommend checking with www.ethgasstation.info at the time of transaction. Higher GWEI price will increase the probability of your transaction to be picked up early by the miners, but will cost you more at the same time.
Click on “Generate Transaction” button.
Click on “Send Transaction”.
Next is a final confirmation window, showing summary of the transaction you are about to commit. Please review all values and ensure their correctness.
Click on “Yes, I am sure! Make transaction.” button to submit transaction.
Tracking your funds to Blok.
We don’t want you to be sitting in the dark. In this section of the document, we shall explain the quick and easy way you can keep yourself updated on the progress of your contribution.
Once you have submitted the transaction, MEW will provide a transaction ID (also called Txhash). To track the progress of your transaction, please browse to the below website:
The transaction ID (Txhash) will look something like this.
0x4beeba69584a3a7ddc149c988ff21575efaeb12928fc8dcfa5b9079b7ebb190e
Please note this is a sample Txhash and your actual value will be different and unique for every transaction you make.
Enter the Txhash in the empty field at Right top corner of your browser, and click Go.
The next window will show you the current status of your transaction.
If the “TxReceipt Status” is Pending, it means it is still in Progress.
If the “TxReceipt Status” is Success, it means your Ether contribution has reached the destination (Blok smart contract address in this case).
“Block Height” will display the number of miner confirmations your transaction has received. This number usually grows with time.
Setting up your wallet to view BLO tokens.
BLO ICO contributions will be instantly distributed to your wallet. You must make sure to set up the wallet correctly to see your BLO tokens.
Browse to the website: https://myetherwallet.com/
Click on the “Send Ether & Tokens” button, as shown below.
After this, you need to unlock your MEW wallet (as done previously), by following these steps.
- Click on the “Private Key” radio button at the bottom.
- Enter the private key as you would have safely stored it previously. After entering a valid key, ‘Unlock’ button will appear as shown below.
- Click “Unlock”
The next screen will display the current status of your wallet. It also displays the wallet public address and your current account balance i.e. see “Account Balance” on the right hand section.
To add BLO tokens, please click on the “Add Custom Token” button.
In the next window that appears, add the following details:
- In the “Token Contract Address” field, add the Blok smart contract address 0x8426d0dc03335d4a391bf4cf7fe546ff89549de4
- In the “Token Symbol” field, mention BLO
- In the “Decimals of Precision” field, mention 18
- Click ‘Save’ at the bottom.
Now you are all setup to view your BLO tokens through MyEtherWallet (MEW).
Thank you for participating in the Blok ICO. We are excited to welcome to you the community of Blokpreneurs.
Disclaimer
Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
Accordingly, we will not be liable, whether in contract, tort (including negligence) or otherwise, in respect of any damage, expense or other loss you may suffer arising out of such information or any reliance you may place upon such information. Any arrangements between you and any third party contacted via the Blok are at your sole risk.
