How KiWi aims to Manage its Raised Funds

KiWi New Energy aims to raised funds through a safe and transparent way. Here are the ways in which our funds will be allocated.

The security of the raised ETH funds is our top priority, even before converting them to fiat money. KiWi will strictly use the funds only for the 4 purposes stated in its whitepaper: Smart Inverter Development, Smart Microgrid Investment, Platform Development, and Operating Expenses.

The Security of Digital Assets

i) Ether: A 2 of 3 multi-signature ERC-20 wallet + 10 cold wallets + Private keys safekept by 2 independent law firms

ii) KIWI Token: KIWI tokens will be stored in 10 wallets, and the passwords of each wallet will be divided into 3 segments managed by 3 different KiWi executives. The 1st and 3rd segments of the passwords will be kept safe by a law firm, and the 2nd segment will be kept safe by another law firm.

Drawdown of the funds

i) For each drawdown, the amount and the purpose will be announced on KiWi’s official website and social media channels. The use of each drawdown is limited to the 4 purposes stated in its whitepaper — Smart Inverter Development, Smart Microgrid Investment, Platform Development, and Operating Expenses.

ii) The funds raised in ETH will be converted to fiat money and deposited into the bank account in the name of KiWi New Energy. Every money drawdown from the bank account has to be duly signed by at least 2 Founders.

To learn more about us and our Token Sale

Follow us on Twitter, or like us on Facebook

Click here pre-register for the Token Sale