Crowdfunding - Frequently Asked Questions
Our public crowdfunding will run until the 21st December 2018.
How can I contribute with the Ether I have on my Coinbase account?
As Coinbase and similiar account cannot hold ERC20 tokens these are unsuitable to receive FTN during our Token Generating Event. In order to participate in our TGE you need to set a suitable wallet and transfer your Ether to that wallet before contributing in our crowdfunding. See "What kind of wallet must I use to be able to receive my tokens?"
Where can I send my contribution
The participants of our ICO need to go through a KYC process. The ICO contract only accepts contributions from whitelisted addresses. All other contributions are rejected.
Our contribution address ends with these digits: BD35921963336c
My transaction did not go through
As our pre-sale is handled by a smart contract the gas for contributions to our contract must be set to 120 000 to make sure the transactions get executed as expected. The default gas setting of 21 000 works only for transactions to wallets.
What kind of wallet must I use to be able to receive my tokens?
The Friend Network Token is an ERC20 compatible token. So any wallet that can hold this kind of token works. Examples here include hardware wallets like the Ledger Nano S, or wallets like MyEtherWallet or MetaMask. These are just three examples. We strongly recommend every participant to read up on the possibilities. Marketplaces like Tokenmarket or The Merkle keep lists over compatible wallets.
Is there a minimum or maximum that I can contribute to FRND?
We accept any amount of love you wish to give starting with 0.1 ETH (min)
Will there be any more FRND tokens generated?
No, the total supply of FRND is 2 billion, and it will not be possible to mine them, nor will we generate more.
I have contributed, how and when will I get my tokens?
Tokens will be allocated at the end of the token generation event, to the wallets from which you have sent the ETH from. Please make sure to send them from an ETH supported wallet and not an exchange.
Why are we raising so much?
We are changing the world of software and even hardware technology with FriendUP, and we want to make sure we have all of the necessary resources to be able to do so. And we want to provide the best possible services to our users and believers in Friend as fast as we can.
Will any unsold tokens be burned?
No, we will only generate tokens according to the contributions received. There will be no new tokens generated after the TGE/ICO.