General FAQs | VectorZilla Token Sale
Token Presale & ICO Related General FAQs
Q: What is VectorZilla?
A: VectorZilla.IO is the world’s first blockchain based deep-learning (AI) driven royalty free stock graphics platform & marketplace built on top of the Ethereum Network.
VectorZilla will help millions of individuals/business by providing a very diverse creative graphics collection, and advanced suite of online editing (cloud-enabled) tools that will make them productive by getting most done without leaving their web-browsers. For more information about VectorZilla, please see the whitepaper.
Q: What are the key features of VectorZIlla Platform?
A: Some key features of VectorZilla projects are:
- VectorZilla already has over one million stock graphic files (quality, creative, diversified and unique) to start with.
- Graphics Design Tools allow users to edit, change, print and publish VZ files without requiring any other tools on desktop or elsewhere.
- Integrations with all popular systems/platforms (cms, blogging, ecommerce, publishing, design tools, etc.) to help millions users using VZ content with minimum effort.
- Whitelabel Services helps companies (physical/digital marketing product companies, merchandise makers, etc) to use VectorZilla platform (content/tools) within their system with their own branding
- Deep Learning (AI) powers many areas of platform and marketplace, such as search, sales, recommendations, design tools, etc.
- API (REST, GraphQL) enables third-party developers and companies build variety of integrations, and benefit from VZ content and services.
Q: What is VectorZilla Marketplace?
A: VectorZilla Marketplace enables third-party contributors (designers, creative folks, metadata folks, keyworders, reviewers, etc.) can join, contribute, and earn higher fee while being able to see the entire process with highest level of transparency (backed by Blockchain).
The VectorZilla Marketplace is expected to launch in first quarter of 2019.
Q: Whats is an Initial Coin Offering (ICO)?
A: An initial coin offering also commonly referred to as an ICO is a means of crowdfunding centered around cryptocurrency, which can be a source of capital for startup companies. In an ICO, some quantity of the crowdfunded cryptocurrency is preallocated to contributors in the form of “tokens,” in exchange for legal tender or other cryptocurrencies such as Bitcoin or Ethereum. These tokens become functional units of currency if or when the ICO’s funding goal is met and the project launches.
Q: What is VectorZilla Token (VZT)?
A: The VectorZilla Token is built as an ERC20 token on the Ethereum, and its ticker symbol is VZT.
VZT can be traded on cryptocurrency exchanges; this token will be used in all transactions within VectorZilla platform and marketplace
Q: What is VectorZilla Token Presale & ICO?
A: VectorZilla tokens are developed for fundraising and financing the development, marketing, and advertising of the VectorZilla stock image and graphic design platform, as well as the elaboration of VectorZilla’s design library by an in-house design production team.
The presale event allows users to contribute in an early stage before the actual opening date of the formal VectorZilla Token Sale (ICO). The presale will be a public event, available to cryptocurrency enthusiasts and the general public to participate in.
Q: How do I benefit from the VectorZilla Token?
A: Early contributors and holders of VectorZilla Tokens sold in Presale & ICO, will be provided with the following perpetual benefits which will not be made available to future VZT holders:
i. Can buy VZT at very low price and additional bonus token upto 60%.
ii. Gets free lifetime subscription to VectorZilla Platform
iii. Special Referral Program: Enterprise, Business and Premium Subscription Referral Code. Token Holders will get 5 to 15% of subscription fee recurring for three years to lifetime for each referral, who signs up using your code. There referrals (Signups) will also get 15% OFF on subscription fee up to three years and 5% after that for the lifetime.
After this token Presale & ICO, no more VectorZilla Tokens will be issued.
Why VZ is offering referral codes and why I will use?
These referral codes are exclusively offered to Presale & ICO Token holders and VZ will never offer this % in future. After launch of VZ platform, sing-ups from referrals will help in growth of VZ platform and maintain the ecosystem while benefiting early investors.
Q: Is there any benefit to contributing early in the Presale or ICO Period?
A: Extra VectorZilla Tokens are offered to those who contribute early as token bonuses. Read more on our blog.
Q: Are there any other perks?
A: VectorZilla Tokens will also be awarded to supporters that help us promote the VectorZilla Token Presale and ICO. Three percent (3%) of all the funds raised will be allocated for the bounty campaign participant. For more details and participation terms, please visit our bounty thread on Bitcointalk.
Q: How can I participate in the VectorZilla Token Presale?
A: The Token Sale starts on January 15, 2018 at 13:00 (UTC) and ends February 05, 2018 at 11:59 (UTC). All contributors are required to create an account at https://account.vectorzilla.io/ and submit certain personal information and provide a valid government issued ID (for KYC verification).
Q: What is the total supply of VectorZilla Tokens?
A: A total of 100 million VZT (VectorZilla Tokens) will be issued. Of these, 75 million tokens will be available for ICO crowdsale, including a bonus for early investors and crowdsale participants. Another 23 million tokens will be kept as a Reserve Fund for management and future content acquisition and licensing. Additionally, 2 million tokens will be used for token sale costs, affiliate programs and bounty programs.
A maximum of 74,000 Ethereum (ETH) or ETH equivalent acceptable cryptocurrencies will be accepted for the purchase of VectorZilla Tokens.
Each VectorZilla Token will be sold for 0.001 ETH, meaning 1 ETH will give you 1000 VectorZilla Tokens before calculating bonuses.
The exchange rate that will be used to calculate ETH equivalent of other acceptable cryptocurrencies will be the closing price on coindesk.com on the date of receipt in India of the ETH equivalent.
Q: What is the distribution % of all VectorZilla Tokens created?
A: The distribution % of VectorZilla Tokens shall be as follows:
75%: Available for ICO public sale and bonuses
23%: Reserve Fund for management, future content acquisition and licensing
2%: Token Sale Cost & Bounties
Q: What is the minimum funding goal and hard cap for VectorZilla Token Presale?
A: The minimum funding goal from VZT Presale is 200 ETH and the hard cap for Presale is 5000 ETH.
Q: Are there any limitations on who may participate in the VectorZilla Token Presale & ICO?
A: The VectorZilla Token is not a security or a financial instrument. No country will view the VectorZilla Token as a security or financial instrument, we nevertheless must advise you that it is certainly possible that some countries may have a different view on the legal classification and treatment of the VZT.
We strongly recommend that you consult with qualified tax and legal counsel before participating in the VZT Presale & ICO to determine the potential tax and legal treatment and requirements in your country of residence and or citizenship.
Q: What is the maximum purchase amount for the VZT?
A: There is no maximum amount per purchase. However, there is a maximum amount of ETH that will be accepted during the token presale/ICO of 74,000 ETH.
Q: What is the minimum purchase amount for the VZT?
A: Each VZT is of 0.001 ETH. During the Presale, there is a minimum purchase amount of 0.10 ETH and contributors will get 100 VectorZilla Token before calculating bonuses.
Q: What cryptocurrencies can I use to purchase VectorZilla Tokens?
A: Accepted cryptocurrencies include Ethereum (ETH), ETH Classic, Bitcoin (BTC) and Bitcoin Cash (BCC), Ripple (XRP), Litecoin (LTC), and Waves (WAVES). If you want to invest in USD or in other fiat currency, you will need to buy cryptocurrencies first.
Q: Can I use fiat currency like USD to purchase VectorZilla Tokens?
A: Yes, but for USD or other fiat currency you will need to buy cryptocurrencies first, form platforms like Bittrex, Poloniex, Kraken, Bitfinex, Bitstamp or any other dedicated portal.
Q: When will the VectorZilla Token be issued or distributed?
A: After the end of the Token Sale period (Presale & ICO) or after reaching the hard cap, we will review the KYC information submitted, reconcile and audit payments received, calculate tokens to be issued after rounding down, and target issuing the VectorZilla Token and refunding any amounts that must be refunded after the Token Sale.
Q: When will the VectorZilla Token be tradeable?
A: We will endeavor to procure the listing of the VectorZilla Token on reputable exchanges as soon as possible after the issuance of the VZT.
Welcome everyone to our VectorZilla Medium Blog. It’s really very exciting that every day we are getting closer to our token pre-sale. We would like to take this chance to remind everyone that we are on all major social media channels. So, if you haven’t already, check out our YouTube channel and our Blog to find out more about our project. Join us on our Facebook and Twitter to stay up to date with the latest developments.
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VectorZilla.io is world’s first blockchain based deep-learning (AI) driven royalty-free Stock Graphics Platform & Marketplace. Find out more at https://www.vectorzilla.io