My safety precautions for the ICO + status update on strategic investors
I’ve heard many questions from potential investors about potential hacking threats. Today, I’d like to write a blog post with my recommendations about the participation in the ICO.
In addition to that there is an important update on my strategic investors.
Due to ever-increasing amounts of potential threats, we will be temporarily disabling messages on public Slack channels. You will be able to track all of our updates on #Announcements channel, where we will post frequently asked questions and any updates regarding the crowdsale.
Once the messaging will be disabled, you will have an option to PM us with your questions (Only PM user “Monetha” on Slack). Please note, that we will try to respond as soon as possible, but it may take us a few hours to do that.
TIP: Never trust any messages from Slackbot, as anyone can send messages with it. MEW was never hacked, and we will never ask you to enter any information about unlocking your wallet.
Once our Slack will be disabled, you will have an option to join our Telegram group, and ask any questions there.
If you will receive a PM from anyone pretending to be Monetha, we recommend you to check the validity of the person in the Monetha group, or you can DM us on Twitter.
We will never send you our wallet address in the email, so don’t trust anyone that will do otherwise — you will only be able to see our address in www.monetha.io (top left corner, click “Join Crowdsale”)
Throughout the crowdsale, we will have a live Facebook video, that we recommend you to watch. In case of any hacking attempts or any troubles, you will be the first one to know, if you will watch the livestream. During the livestream, we will also provide you with any updates (if we reach the soft-cap or the hard cap and more).
Remember that the only legitimate website is https://www.monetha.io/ . If you will receive any other links, please make sure that you are entering the correct website, by simply checking the link at the top of your browser.
DOUBLE CHECK THE ADDRESS
15 minutes before the beginning of the ICO, my co-founders will release a video that will include several digits of my contribution wallet. Please watch the video and make sure that the digits you will see on Monetha.io website will match.
IMPORTANT UPDATE: Strategic investors
Most companies, both in the crypto world and the regular business world, go through a stage of creating early interest to corporate and private investors. It is important to secure investments early on, so that one can better manage a successful ICO, and understand in advance how much funds are required for the long run. Our hard cap is a result of this, and our road map shows exactly how the funds will be utilized in the next 24 months. Monetha today, is a result of many months of work, both in-house and with the hired help of external professional advisors, all of which require funds to operate.
We are thankful that we have managed to secure early investors, who have provided us with the ability to move forward in a secure and confident way. The success of Monetha depends also on securing funding at an early stage. We are pleased to find such investors who have shown a lot of confidence in our company, our team and our plans. We reward these investors with additional tokens which come from our bounty campaign/advisors/partners/ICO campaign costs pool.
Today, we have finished a deal with strategic investors, such as our financial advisor Paolo Rebuffo that has started to work with us six months ago, also a network of investors from our team member Kellogg N. Fairbank and James Downton. Those investors have experience in payments, e-commerce — domains that will help to rise the value of Monetha. This also includes other corporate and individual investors who have shown very early interest in Monetha.
Whether it would be a seed round, VC investment, IPO or ICO this is a general practice for a company to acquire the funds from strategic partners in order to have long term success.
As it is important for us to be completely transparent with our ICO, and the token allocation, we decided to include these investors in the actual crowdsale smart contract, in order to make sure that the token allocation is both transparent but also accurate.
We thank you for your continuous support, which is greatly appreciated.
Remember: You are on the internet, be aware of potential scammers. If you have to — double check the information with multiple sources (Twitter, Facebook, Monetha’s website, etc.)
We will post important updates/announcements on Slack Announcement channel, Facebook, Twitter or in Telegram.
Please read the crowdsale FAQ below:
When does the ICO start?
August 31st, 2017, at 2PM GMT (3PM London time)
How to participate?
Please follow instructions on our "Join crowdsale" page.
What is the minimum or maximum contribution amount?
There is no minimum or maximum contribution amount (no individual cap as well).
When will MTH be listed on exchanges?
We expect to be listed on all major exchanges about 2–4 weeks after the ICO ends.
Can anyone from U.S. participate in this ICO?
We will not allow anyone from U.S. to participate in our ICO. To provide the right information will be the responsibility of the investor.
Do token holders get dividends?
Our token system will not have dividends, however, we have implemented a voucher system.
You can read more here:https://medium.com/@monetha/monethas-token-model-ico-conditions-announcement-181ab5cfcc8c
Can I send my MTH tokens back and get my ETH?
No. Doing this will result in your MTH token loss.
Is there a pre-sale or whitelist?
There is no pre-sale or whitelist.
What is the soft cap and hard cap?
Soft cap is 28,000 ETH, Hard cap is 95,000 ETH.
When will I receive the tokens?
You will receive your tokens immediately once you send your ETH to our smart contract address. They will instantly become tradable.
When will you publish your contribution address?
You will see the contribution address once you fill in the registration form during the ICO.
What kind of information do I need to fill in the registration form during the ICO?
Your name, last name, email, phone number, country of residence, date of birth and your public wallet address.