How to Participate in the Pocketinns ICO — Reverse Dutch Auction

Pocketinns
5 min readJan 11, 2018

--

Do you wish to join the Pocketinns revolution? Excellent. You are at the right place!

Below, we’ll teach you how to invest in the world’s first democratized cryptomarketplace.

Overview

Contributing to the Pocketinns ICO - Reverse Dutch Auction involves two steps:

Please Note — Access to registration and contribution page for the Pocketinns Token Auction will only start on January 15th, 2018 10 am EST onwards.

  1. Registration with Pocketinns: You will be asked to register on Pocketinns and provide proof of ID.
  2. Transfer Ethereum to Pocketinns: Transfer your Ethereum (ETH) contribution to the Pocketinns address.

Note — If you want a PDF guide on how to contribute to the Pocketinns Token Auction, you can find it here.

How to Ensure Your Ether Contribution Processes Smoothly

There are a few things you can do to avoid roadblocks:

  • Keep your photo ID or proof of income handy. Save it as a file to your computer. During registration, you’ll be asked to provide a photo ID or proof of income. A photo ID is required for compliance with KYC/AML regulations (Know Your Customer/Anti-Money Laundering).
  • Keep your ERC-20 compatible Ether Wallet private key or password readily available. Here is a list of ERC-20 compatible wallets. You need this login to your Ether Wallet in order to send Ethereum to the Pocketinns token auction address (shown in the last step of the Pocketinns registration).

1. Registration with Pocketinns

Go to Pocketinns.io. Click on “Contribute to Auction” at the bottom right.

Next, scroll down on the token auction page. Select “US Residents” or “Rest of the World”, based on where you live.

Then, fill out the form, which asks for basic information, like your name, address, email, and date of birth. You will be asked to upload your photo ID at this point.

Once finished, click next.

The second part of registration is the terms and conditions page. Please read everything carefully and check all the boxes.

Once finished, click next.

The next part of registration is entering your 42-digit Ethereum wallet address. Please make sure to enter the correct address by double checking and copy and pasting the digits.

After the auction ends on January 31st, Pocketinns will send PINNS tokens to the ether wallet address you provided.

The final part of registration is to copy Pocketinns contract address. Click on “Copy Contract Address” to copy the contract address to your clipboard. This is the Pocketinns Token Auction Ethereum Address where you will send your contribution (ETH). Save this address, you will need this address to transfer ETH to Pocketinns.

For extra security and to confirm our contract address isn’t compromised, paste the contract address in the textbox below where it says Safe Gas Limit. Then, click “Verify”.

2. Transfer Ethereum to Pocketinns

Now, it’s time to transfer your ether contribution from your ERC-20 compatible wallet to the Pocketinns Token Auction Ethereum address. You copied this in the above registration step.

To participate in the Ethereum token sale, you need a wallet website or a wallet app where you and only you hold the private keys. Private keys are required to correctly interact with smart contract functions, like transferring tokens.

Note: Do not participate in the Pocketinns ICO using addresses from cryptocurrency exchanges. A token compatible Ethereum Wallet is absolutely required. Otherwise, you could lose your investment.

Compatible wallets include:

How to transfer Ethereum using MetaMask:

  1. Open the MetaMask Chrome add-on and click the “SEND” button.

2. Enter the Pocketinns Auction Ethereum address and amount of Ethereum you want to transfer. Then, click “NEXT”.

3. On the final screen, click “SUBMIT”.

How to transfer Ethereum using MyEtherWallet:

  1. Go to www.myetherwallet.com and click “Send Ether & Tokens” on the top menu.
  2. Make sure the correct account is selected in Chrome MetaMask add-on.
  3. Select “Metamask/Mist” for accessing the wallet.
  4. Click “Connect to MetaMask”.
  1. Enter the Pocketinns Token Auction Ethereum address into the “To Address” field. You copied this during the last step of the Pocketinns registration. Be sure to keep it on hand.
  2. Enter how much ether you want to transfer in the “Amount to Send” field. The minimum investment is 1 ETH.
  3. Make sure to change Gas Limit to 250000. Click “Generate Transaction”. In ethereum, gas is a measure of computational effort.

ImportantIn the example above, we used MetaMask with MyEtherWallet to transfer Ethereum. However, it’s important to note that MyEtherWallet also supports Ledger and TREZOR wallets.

At the end of the Pocketinns Token Auction on January 31st, PINNS tokens will be transferred to your Ethereum address. It’s important to confirm your email address by clicking on the link emailed to you after registration. All future communication, confirmation, and any delivery notice will be sent to your email address.

Click “Click on this link to confirm your email” in the email you get from us. You will be taken to a “Thank you” screen before being redirected to the homepage.

That’s how you contribute to the Pocketinns ICO. The ICO starts January 15th and ends January 31st.

If you have any questions about the process, talk with us in our Telegram chat, follow us on Twitter, swing by Reddit for a conversation or email usat support@pocketinns.com.

--

--