GATCOIN Token Sale FAQ

The GATCOIN pre-sale is sold out! Thank you to everyone for your support. We appreciate your enthusiasm and are glad to have you with us. With your help, GATCOIN is on it’s way to revolutionizing the global rewards ecosystem.

The pre-sale raised 11,261 ETH and at the current price of ETH, we are now at 75% of our $14.5 million hardcap. If we stay below the hardcap until January 14th we will proceed with the token sale with 5% bonus and 0.5 ETH minimum contribution for the first week of the sale.

If the value of the ETH we have collected exceeds the $14.5 million hardcap, the token sale will be cancelled and ALL unsold tokens will be distributed to token sale participants. We will not close the sale on a brief spike in ETH-USD price, we will be looking at the average price over a few days.

Token Sale

What is the Token Price?

Dec 17 — Jan 07: Presale with 20% bonus (1 ETH = 17,760 GAT) [SOLD OUT JANUARY 4th]

Jan 14 — Jan 21: Token Sale Week 1 with 5% bonus (1 ETH = 15,540 GAT)

Jan 21 — Jan 28: Token Sale Week 2 without bonus (1 ETH = 14,800 GAT)

Is there a soft cap/minimum raise?

No. We have an anchor client in place and more partnerships in the works, we will be proceeding regardless of the amount raised in the ICO.

What happens to unsold tokens if you hit your hardcap?

If the value of the ETH we have collected exceeds the $14.5 million hardcap the sale will be stopped and all unsold tokens will be distributed to token sale participants. We will not close the sale on a brief spike in ETH-USD price, we will be looking at the average price over a few days.

What will happen to the tokens if the hard cap is not reached?

Any unsold tokens (if the hard cap is not reached) will be redistributed:

• 50% of these tokens will be distributed to presale and tokensale participants via the GAT app, to stimulate usage of the GAT system. The GAT app will be live in late 2018, which effectively locks up 50% of any unsold tokens until that date.
• The remaining 50% of these tokens will be distributed back to the GATCOIN company for incentivizing and onboarding users and merchants to the platform. This will allow GATCOIN to continue its expansion plans in the unlikely case the token sale has not been sold out.

Is KYC needed to participate in the Token Sale?

KYC is not required to contribute to the presale and get your GAT tokens but it is recommended so we can register you on the GAT Exchange when it launches later this year.

I purchased GAT on Coss.io. Do I need to also submit KYC on gatcoin.io?

No, the verification on Coss handles the KYC.

When can we transfer GAT?

Tokens will be transferable after the end of the token sale. We hope to have unsold tokens distributed 24 hours after the end of the sale, and we can then make them transferable.

When will I get my GAT Tokens?

You will receive GAT immediately after the network has confirmed your transfer of ETH to our Ethereum contract address but they will not be transferable until the token sale ends and unsold tokens have been distributed. If you need help viewing the token on myetherwallet refer to our guide: https://www.gatcoin.io/view/

I heard the pre-sale originally started with different terms?

We paused the pre-sale and implemented some fundamental changes to token economics, token sale specifics, updated the whitepaper and greatly changed the token distribution.
We also have a news announcement regarding that topic right here: https://www.gatcoin.io/new-token-sale-details