How to participate in TowerBee ICO? Whitelist and KYC process.

TowerBee
TowerBee
Published in
4 min readApr 16, 2018

Basic details about ICO

The TowerBee ICO begins on 05 June 2018 at 06:30 AM GMT.

There is 30% bonus during first 5 days of ICO.

1 ETH = 8,000 TBE tokens + 30% bonus during first 5 days of ICO.

Acceptable Currency: ETH (Ethereum)

There is no minimum contribution amount.

To purchase TowerBee tokens of value upto 5 ETH, only verified email id is required.

KYC documents are needed only of you want to purchase TowerBee tokens of value more than 5 ETH. There is no upper limit on purchase.

Who can and can not participate?

Due to regulatory restrictions, residents / citizens of U.S. are not allowed to participate in the TowerBee ICO unless they can prove that they are accredited investors. We track IP address to determine the location of the user.

Users from countries on high risk list of FATF (Financial Action Task Force) are also not allowed to participate in the TowerBee ICO. This includes Ethiopia, Iran, Iraq, Serbia, Sri Lanka ,Syria, Trinidad and Tobago, Tunisia, Vanuatu, Yemen & Democratic People’s Republic of Korea (DPRK).

How to participate in ICO?

By now, you know whether you are allowed to participate in ICO.

Step 1 :Go to TowerBee.io website and Click on the red colour button “WHITELIST / BUY TOKENS” at the top right corner given on the website TowerBee.io

Step 2: Click on the “Sign Up” button. A small box will appear where you will be asked to enter your email id.

After you enter your email id click on “Register” button. The password will be emailed to the email id you entered. Please also check the SPAM folder in case the email is not in the inbox.

Step 3: Login to TowerBee.io website by using the email id and the password you received in your email from TowerBee.

Step 4: After login, you will see the dashboard as shown below. Here you can see many relevant details. But for this article, we will focus on the KYC and the whitelist process.

Step 5: Enter your ETH address in the box and click submit. Please note that ETH once submitted can not be changed. So enter ETH address carefully. In case, you want to change the ETH address, it is possible only if your ETH has not been added to whitelist. To change your ETH address, email us at support@towerbee.io.

Step 6: You will be able to see your KYC status as shown in below image. As your email id is already verified you are allowed to buy TowerBee (TBE) tokens of value up to 5 ETH.

Users with verified email id can purchase TBE tokens of value up to 5 ETH.

Step 6: If you want to purchase TowerBee tokens of value more than 5 ETH, you are required to submit additional documents. To submit documents click on the “Click Here” text shown in the above image. A window will appear as shown below.

Users who submit ID proof are able to buy any amount of TowerBee tokens.

After you submit the KYC documents, the status will be changed to “Submitted” as shown in below image.

That’s it. You have completed the Whitelist and KYC application process from your side. Now, our team will check your documents and approve it, if found suitable. In case, your documents are rejected, you are allowed to resubmit any other valid document.

Valid documents include Passport, Driving Licence and ID cards issued by government agencies.

You will receive email at every step so that you are aware of the progress.

To summarize the entire process.

Users with verified email id can purchase TBE tokens of value up to 5 ETH.

Users who submit ID proof are able to buy any amount of TowerBee tokens.

Even if your KYC document gets rejected, you are still eligible to participate in the ICO but you are allowed to buy token of value up to 5 ETH only.

Important Links

Join whitelist: https://towerbee.io/login.aspx

Website: https://towerbee.io

Whitepaper: https://towerbee.io/bounty-front/images/pdf/TowerBee%20ICO%20Whitepaper-V1.pdf

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