CLN
CLN
Jan 24, 2018 · 6 min read
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Welcome to the User Registration Guide for the CLN token sale event. This guide will provide a step-by-step overview of the registration and whitelist process required to gain eligibility for participation. We hope you will find it useful!

Introduction

Our approach to the token sale event emphasizes the importance of creating a fair and just process for both the pre-sale and crowdsale. For example, pre-sale investors are granted with the option to receive additional tokens in exchange for 4 different vesting periods (lockup), ranging from 6 months to 3 years.

In addition, all participants go through a KYC (know your customer) process, where we require identity verification for every participant. The information collected during the registration process will allow us to:

1. Meet compliance needs.

2. Enable fair token distribution by allowing as many eligible participants as possible to join the sale.

The Key Data & Registration Guide provides a step-by-step overview of the registration and whitelist process required to gain eligibility for participation.

How to Register

Here are some important pieces of information to know before we walk through the step-by-step overview of the registration process:

  1. In the coming weeks, we will be announcing details on the event date, terms, and participation structure.
  2. As part of registration, we will be collecting information with the aim of verifying KYC (“know your customer”) for every participant.
  3. Citizens, nationals, residents (tax or otherwise) and/or green card holders of each of: (i) the United States of America; (ii) the People’s Republic of China; (iii) South Korea; (iv) North Korea; (v) Libya; (vi) Syria; (vii) Lebanon; (viii) Iran; (ix) Pakistan; (x) Canada; (xi) Bangladesh; (xii) Bolivia, (xiii) Ecuador, (xiv) Kyrgyzstan; (xv) Morocco, (xvi) Nepal (xvii) Israel (only for the purposes of the Public Token Sale (as defined in the Token Sale terms and conditions which are available here) or (xviii) any other jurisdiction which prohibits the possession, dissemination or communication of the Available Information and/or prohibits participation in the Token Sale or the purchase of Tokens or any such similar activity or any other Restricted Persons are not permitted to participate in the Token Sale.
  4. Ether (ETH) will be the only acceptable form of payment in the token sale event. During registration, you will be asked to enter the address of the Ethereum wallet you will use for the token event. This wallet will be used to send ETH and accept CLN. If you don’t have an ETH wallet, you will find guides to generate one below.
  5. Any attempts to send ETH from a different address or directly from an exchange (such as Coinbase, Kraken, Poloniex, etc.) during the distribution event will result in an inability to purchase CLN and your ETH may be permanently lost.

Registration Process

Email Registration

Since we will use this email address to communicate the status of your KYC verification and further instructions for the event, please ensure the email you enter belongs to you and is readily accessible.

Select the Type of Contribution

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Details

  1. Country
  2. First and Last name
  3. Ethereum Wallet address
  4. Image of passport/ national ID (See requirements below)

Please confirm that you have read the disclaimer and the Terms & Conditions and that you are not a resident or domiciliary of USA, Israel, Canada, China, South Korea, North Korea, Libya, Syria, Lebanon, Iran, Pakistan, Bangladesh, Bolivia, Ecuador, Kyrgyzstan, Morocco, Nepal.

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Ethereum Address

Any attempts to send ETH from a different address or directly from an exchange (such as Coinbase, Kraken, Poloniex, etc.) will result in an inability to purchase CLN. Such attempts will be rejected by the token smart contract and your ETH may be permanently lost.

If you do not have an Ethereum wallet, you may generate one using instructions in either our Ethereum Wallet or MyEtherWallet guides. Please note that you will need to create a token compatible Ethereum wallet that does not automatically generate a new address for every transaction.

Document Upload

Verification Process

Frequently Asked Questions

Yes, registration and KYC are mandatory to be eligible to participate in the token sale event. Our primary goal is to ensure we can build and maintain a strong community of CLN contributors. To this end, the information collected at registration will help us to 1) address compliance requirements and 2) allow as many participants to join the sale as possible.

Why do I need to specify my Ethereum address during the registration?

One of our primary objectives is to maximize participation (i.e., ensure as many people as possible may participate in the CLN token sale). We are asking participants to specify at registration the Ethereum address they will use for the token distribution event, as this will help us to manage and promote a more equitable token distribution.

Can I register more than a single Ethereum address?

No, the Ethereum address you provide during registration will be the only address from which you may purchase CLN with during the token distribution event, and cannot be changed. Any attempts to send ETH from a different address during the distribution event will result in an inability to purchase CLN and your ETH will be returned to the sender (minus transaction fees).

How long does it take for the participant verification to finish?

Participant verification will take up to 7 business days, after which time you will be notified via email of your eligibility to participate in the CLN token sale event.

I would like to update my KYC information. What should I do?

As long as your request hasn’t been reviewed, you’ll be able to update your information. Simply login to your account (use the “Login” button on the homepage), re-enter the information you wish to update, and resubmit your application. Once your application has been reviewed, you will not be able to edit your information. However, you will be able to update the Ethereum wallet address by contacting us at cln@colu.com

My registration was denied. What should I do?

If your registration was denied, please contact us at cln@colu.com for further support.

Thank you for joining Colu in increasing transparency and revolutionizing the world’s payment systems. Ready to get started now? Simply visit https://cln.network/ and click on the “Register for the Token Sale” button.

Colu Local Network

Using blockchain technology, Colu is creating a new way of…

CLN

Written by

CLN

The CLN is a new decentralized payment system for local communities, that changes the way money is being created & used, & brings cryptocurrencies to the masses

Colu Local Network

Using blockchain technology, Colu is creating a new way of thinking about money that supports local businesses, creates social capital, and encourages sustainable and equitable economic growth.

CLN

Written by

CLN

The CLN is a new decentralized payment system for local communities, that changes the way money is being created & used, & brings cryptocurrencies to the masses

Colu Local Network

Using blockchain technology, Colu is creating a new way of thinking about money that supports local businesses, creates social capital, and encourages sustainable and equitable economic growth.

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