FEEDing Frenzy: The investFeed Token Sale Checklist

investFeed
5 min readJul 22, 2017

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First off — am I on the right page?

This is exactly what the contribution page should look like. If it doesn’t look like this and the address isn’t “https://tokensale.investfeed.com/contribute/” then you’re probably in the wrong place.

***Simply use this as a cross-reference against our contribution page, as we cannot ensure the safety of this third-party Medium blog***

Do I have the right time for the token sale?

Our general token sale starts on July 23rd, 2017 at 9AM UTC. Make sure to convert your timezone to 9AM UTC to make sure you have the correct time for the token sale. For example, here in New York City, 9AM UTC translates to 5AM.

For an easy tool to use to convert time, check out the following website: http://www.thetimezoneconverter.com/

Do I know how to participate?

To fully participate, you need to have done the following:

  1. Bought Ether in an exchange
  2. Transferred your Ether to an ERC20 compatible wallet (see below)
  3. Sent a deposit to a token sale address with our provided data and gas limit values

The only way to successfully participate is by following these steps. If for some reason your transaction isn’t going through when you try to send to our address, double check that your gas and data values are correct.

In your transaction, make sure the “To Address” is the address we’ve listed on our contribution page. The amount to send is the desired amount of ETH you wish to use in the token sale. The Gas Limit is the limit we’ve provided on the token sale page. Remember to Add Data as well — as we’ve provided that for you to include in the transaction.

Do I have an ERC20 compatible wallet?

As we’ve mentioned previously, the ERC20 standard has not only allowed for wallet standardization where developers are able to streamline a solution to hold the various tokens being created, but it also defines a set of functions within the Ethereum network. By adopting the ERC20 standard in our token generation event (TGE), we’re ensuring our processes within the Ethereum network are as smooth as possible, and allowing our community to effortlessly store these tokens. Some compatible wallets for this event include Mist, MetaMask, MyEtherWallet, and Parity.

Note: incompatible wallets include any exchanges such as Coinbase, Poloniex, Kraken, Bitstamp, Bitfinex, Gatehub, Bitrexx and more. Exodus and Jaxx aren’t compatible either.

But how do I send funds using my ERC20 compatible wallet to participate?

Do have one of the mentioned wallets but you’re still not sure how to send funds to participate in the token sale? Check out the following guides for each wallet:

Beware of phishing scams

Phishing scams have been on the rise in relation to token sale events, and we want to make sure that you’re aware of what they look like.

A recent scam example on our Slack

Scammers may try to use any of the following methods to steal your information and money:

  • Impersonate the investFeed team
  • Pose as an official investFeed account
  • Urge you to click on a MyEtherWallet link
Notice how the link redirects to myetherwalliet? A common example.

If there’s one takeaway that we can’t stress enough — it’s the fact that WE WILL NEVER POST OR SEND ANY PUBLIC ADDRESSES THROUGH ANY SOCIAL MEDIA CHANNEL. Sale information will be delivered through our website on our token page.

Wait a minute, what is the FEED token again?

If you’re just recently joining us, the FEED token is our way of revolutionizing the user experience on our platform by incentivizing community contributions. As a user on our platform, the FEED token provides you with the same ability as media outlets, professionals and nonprofessionals equally to promote your own content and profile for network exposure.

For more information regarding our FEED token, see the following blog post.

We want to make sure we take every step to ensure the protection of our users participating in our token sale. As a reminder, we will NEVER post or send any public addresses through social media. Please be aware of this, and be mindful of all the scammers looming around.

We’ve taken appropriate security measures to ensure a smooth and safe token sale. We will be monitoring the address at all times during the token sale and have implemented a kill-switch script which will active in the case of the crowd-sale address being compromised. We thank you again for participating in this unique and groundbreaking event.

We also invite you to connect with the investFeed team so that we may answer any questions you might have regarding our token sale or our project before the token sale begins.

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investFeed

investFeed is the first incentivized next-generation social investment network for cryptocurrencies.