How to participate in the DESICO security token offering: 3 simple steps
The wait is over — the DESICO security token offering starts on November 8th, 14.00 UTC! Below you will find the complete guide on how to buy DESI tokens in three simple steps. In the meantime, here are important things you need to know before participating:
- Please read our whitepaper (offering document) carefully and thoroughly before making any investment decisions.
- Please have your international passport or government-issued ID card ready — a driver’s license, student ID, or any other form of ID than a passport or government issued ID will not be accepted.
- Please make sure you are using a device with a good quality camera and you are in a well lit environment — laptop and desktop computers with webcams or mobile devices are supported as long as the camera takes high-quality pictures.
- If you haven’t already, you will need it to register for the crowdsale — the process will include a Know-Your-Customer and Anti-Money Laundering (KYC/AML) procedure as a legal requirement. If you already registered, you will be able to login using your email and password and continue your purchase without re-doing the registration procedure again.
- You will need to fill in a short appropriateness questionnaire under MiFID that will take couple of minutes to finish — Every DESI token buyer, including those who registered for the token sale beforehand, will have to go through a short appropriateness test under Markets in Financial Instruments Directive (MiFID) questionnaire. This is a legal requirement. This is not a test, and there are no right or wrong answers.
The DESI token offering will be published (the reception and transmission of client orders) on the UAB Finansų bitė verslui platform, the holder of DESICO’s crowdfunding licence. UAB Finansų bitė verslui has the same beneficiaries as DESICO. The financial brokerage services (execution of orders, accounting of financial instruments) for the DESI token offering is provided by UAB FMI DV Invest. The payment system services for the the DESI token offering is provided by Mistertango.
STEP 1 — REGISTER FOR DESI TOKEN OFFERING
Begin your registration process on the DESI token offering registration page. The first step you need to take is to create your account. If you have already registered, login with your email and password (the login button is on upper right corner) and skip to STEP 2.
STAY SAFE: Create a strong password you do not use anywhere else. Do not disclose your password to anyone. Team members will never ask you for your password, or offer you tokens at a discounted rate. Please report all scammers on our Telegram channel.
After creating your account, we will ask you to answer a few mandatory questions we are required to ask by the regulator.
Afterwards, you will be redirected to the main KYC page where you will provide your personal information in order to confirm your identity. Make sure you provide the correct information as any inaccuracies will result in a failed or rejected KYC — it is better to double check everything than repeat the KYC. Also, please ensure you read and fully understand the terms and conditions of the DESI token offering.
After you’ve filled in all of your personal information, the system may require access to your camera. Allow it. Don’t worry — it is only needed to photograph you and your proof of ID.
After you switch on your camera, the main KYC window will appear. Make sure you are in a well-lit room or any other place with plenty of light. The image quality is crucial for the success of the KYC procedure. As practice shows, 99 percent of KYC procedures fail due to poor face and/or document image quality.
Although most users pass the KYC procedure without any problems, some community members struggled to complete it. This is why we have prepared this DETAILED STEP-BY-STEP GUIDE on how to pass the KYC procedure. If you are still experiencing difficulties, please contact our Community Manager, Ingrida, via Telegram or email.
Please select whether you will use a passport or a government issued ID card to confirm your identity. Only official government-issued personal identity cards are valid for the DESICO KYC procedure. Student IDs, driving licences, or any other form of ID that is not a personal identity card will be rejected.
That’s it, you have completed your KYC procedure! There’s only one small step left until you can buy your DESI tokens.
STEP 2 — PASS MiFID QUESTIONNAIRE
Every DESI token buyer, including those who registered for the offering beforehand, will need to through a short appropriateness test under Markets in Financial Instruments Directive (MiFID). This is a legal requirement because the DESI token is a regulated security.
There are no right or wrong answers. The said questionnaire is three pages long. Each page will take around 1–2 minutes to finish. There will be no input, only drop-down answers.
After you’ve finished the MiFID (appropriateness) questionnaire and are acquainted with risks, you are ready to acquire DESI Tokens.
STEP 3 — BUY YOUR DESI TOKENS
Now you can choose the amount of DESI tokens you want to buy. The price of one DESI token with a 15% discount is 0.85 EUR.
Please ensure that you have carefully read the risks, fully read and accepted the terms of the offering before proceeding. We would also like to remind you that you should make all investment decisions with care.
The reception and transmission of orders is made by Finansų bitė verslui. Investment brokerage firm FMI DV INVEST is responsible for execution of this order and opening account for financial instruments.
Once again, this is the ONLY way to acquire DESI tokens. Please beware of scammers offering you discounts or the opportunity “to buy tokens directly” by transferring funds to their wallets. Please report all scammers via Telegram or by dropping us an email.
Afterwards, you will be asked to choose your preferred payment method to acquire your DESI security tokens. We want to make sure that all community members are able to participate, so there is a wide range of possibilities on how you can buy your DESI tokens. You can only use euros to acquire DESI tokens. However, if you possess any other fiat or cryptocurrencies, there will be options to convert them into euros and complete the purchase of your DESI tokens.
Please note that after we are informed by the investment brokerage firm about receipt of your funds, you will receive a confirmation email with an information outlining the amount of DESI tokens you’ve purchased.
You can choose one of three possible payment methods:
You can acquire DESI tokens via bank transfer. To do that, make a payment to the account of the receiver, UAB FMI DV Invest. You will be provided with account number in IBAN format. Afterwards, press the DONE button and you will be redirected to your dashboard. If you choose this option, please take note that it may take up to five business days for your payment to be processed.
Lithuanian community members can acquire their DESI tokens directly via e-banking. If you select this option, you will be transferred to the Mistertango payments system where you will be able to complete the transaction. If you choose this option, please take note that it may take up to 1 business day for your payment to be processed.
Select this option if you are in possession of Bitcoin or Ethereum and wish to convert them into EUR using the Mistertango payment system to buy DESI tokens. Click here and follow the instructions on how to make your conversion quickly and easily.
After you have purchased your DESI tokens by using any of the above payment methods, you will be redirected to your DESICO investor dashboard. Here you will be able to find how many DESI tokens you own, and how to buy additional tokens.
That’s it — you have bought your DESI tokens!