Hatchworks (spectre.ai) — Information about the token public sale.
In this article, important information about the structure of the Public sale is provided.
Please note, that in order to participate in the token Public sale, you will need to have more than 1 ETH available in your wallet. If you do not have the necessary ETH available, you may purchase the required amount from Cryptocurrency exchanges like Poloniex, Kraken and Coinbase. The token-sale will be closed to all U.S citizens along with citizens of other restricted countries as outlined in the token-sale website T&C. Please ensure to also familiarise yourself with all risks of participating in the token-sale that are carefully outlined in the whitepaper on the token-sale website. Basic KYC will be required.
One will need to register for the Public Sale before gaining access to the Token Sale portal which is the only place to find the Spectre.ai token sale contribution ETH address.
It’s important to note the following regarding the dates of the Public Sale:
*Token Sale starts on the 17th of November 2017 at 12:00pm (noon) GMT.
*Token Sale ends on the 10th of December 2017 at 11:59:59am GMT.
*If a user logs in before the token sale has started, they will not see the Spectre.ai official contribution ETH address — this will be made visible as soon as the token sale initiates.
It’s important to note the following so that you receive the tokens for your ETH contribution:
*The only place to find the ETH contribution address is inside the token sale portal on Spectre.ai . There are many sites and ads that will try to scam you, so please bookmark spectre.ai on your browser.
*The last 4 digits of the ETH address will be available inside Telegram, our Facebook page and our Twitter account. Always double check this before submitting a contribution.
*Do not make a contribution from an exchange ETH address or from a wallet of questionable reputation. MyEtherWallet, Metamask and Mist are the best options, with the former 2 being the faster ones to set up. A hardware wallet is also an option.
*Minimum contribution is 1.00 ETH.
*Users may contribute any amount (1.00 ETH minimum still applies) regardless of the pledged contribution amount defined during their registration.
In addition to the above, here is some essential information about the tokens:
*Upon contribution, the user will receive “Stem tokens” within a few minutes and these will appear in their ETH wallets they used for the contribution. Corresponding bonus will appear along with, and in the form of the “Stem tokens”. Please note that the users might need to manually add the custom tokens to their wallets.
*The “Stem tokens” will not be transferable until the end of the Public Sale on the 10th of December.
*The “Stem tokens” will become transferable shortly after of the Public Sale. Instructions on how to exchange them will be available inside the token sale portal right after the end of the token sale.
*After the end of the Public Sale, users will have 28 days to convert their “Stem tokens” to either Dividend or Utility tokens, depending on their preference as per instructions that will be announced closer to the 10th of December. Any unconverted “Stem tokens” will automatically become Dividend or Utility tokens, meaning they will not be lost.
*Spectre Stem token’s symbol is SXS
*Spectre Utility Token’s symbol is SXU
*Spectre Dividend Token’s symbol is SXD
WARNING: As per legal counsel, Spectre ICO investors will be required to register, and submit their email, first name, last name, address, submit basic KYC (ID) sign our disclaimer/terms of sale agreement (which confirms that they are not a U.S citizen or resident) on the day they wish to contribute. We reserve the right to request more information from any participant prior to distribution of Spectre.ai tokens to ensure compliance with any foreign securities laws of countries that are restricted from contributions (eg. the U.S amongst others).
Any attempt to circumvent the technical measures in place which thwart restricted citizens from investing (eg. the U.S or other countries as per our T&C) could result in legal action. The group has a range of VPN blockers (in the form of blacklisted servers at popular VPN providers), I.P blockers and basic KYC in place and takes attempts to circumvent these, very seriously.
The term ‘token-holders’ and investors is used interchangeably in Spectre.ai communications but is not to be confused with equity-shareholders of the firm which have actual ownership in the underlying companies. Token holders and SXDT/SXUT tokens do not own or confer any rights of ownership in the underlying company.