VouchForMe
Jan 7, 2018 · 3 min read

InsurePal presale was closed on 3rd January at 15.00 UTC and since then, our community has raised quite a lot of questions about the upcoming crowdsale, starting on 16th January at 13.00 UTC. We have gathered some of the most frequently asked here. For more, join us on Telegram.

How can I participate in the crowdsale?

If you wish to participate in the crowdsale, you’ll have to get your KYC approved and whitelist a wallet from which you’ll contribute. We urge you to do that immediately on this link: https://insurepal.io/whitelist. All the transactions from non-whitelisted wallets will be bounced and all the contributions from the members who did not complete or their KYC was not approved will be returned.

Is there a minimum for the crowdsale participation?

No, there is no minimum for the crowdsale contribution, but the amount must be transferable. For each transaction from your wallet, either for sending ETH, IPL Tokens or some other Tokens, you will need some “gas”, which is the fuel for the Ethereum network, that validates and confirms your transaction. Gas is paid in Ethereum (ETH). In practice, you will need an additional small amount of ETH to send ETH or IPL from your wallet. In time of network congestions, you should modify Gas price to provide enough fuel for your transaction. Check https://ethgasstation.info/ for the current status of Ethereum network and sufficient Gas price.

Is there any bonus available in the crowdsale?

Yes, there is a 10% bonus for those that will contribute in the first 96 hours and for those that will contribute more than 50 ETH.

I have my KYC approved for the presale, do I have to do it again for the crowdsale?

If your KYC was approved for the presale, you do not have to do it again for crowdsale. But, it is important and necessary to whitelist your wallet from which you’ll contribute during the crowdsale. The unique addresses that were given to you during the presale are no longer valid in the crowdsale.

How many IPL tokens will I get for 1 ETH?

The ETH price will be locked on 16th January, just a few hours before the crowdsale. This price will be applied for the presale and for the crowdsale.

My KYC is approved, but presale is closed. Can I send my ETH now or do I have to wait for January 16th crowdsale?

No, you cannot send your ETH right now. As all contributors, you’ll have to wait for the January 16th when the public crowdsale starts. We will announce the block with which the crowdsale will start and the contribution address on this link: https://insurepal.io/crowdsale .

We warn you: beware of the phishing attempts! Always make sure that you are visiting InsurePal official site (www.insurepal.io). To avoid scams, we advise you to add the website address in your bookmarks. Make sure that you are well informed about the start and end of the crowdsale. And if the offer is too good to be true — it usually is!

For more information about InsurePal crowdsale, visit our website www.insurepal.io and join us in conversation!

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VouchForMe blog

VouchForMe is a next generation of peer-to-peer insurance based on social proof endorsements, fully harnessing the power of Blockchain technology.

VouchForMe

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Vouchforme is a next generation of peer-to-peer insurance based on social proof endorsements, fully harnessing the power of Blockchain innovation.

VouchForMe blog

VouchForMe is a next generation of peer-to-peer insurance based on social proof endorsements, fully harnessing the power of Blockchain technology.

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