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Frequently Asked Questions
WHAT IS MON (MILLION COIN)?
MON is a token based on Ethereum blockchain. The platform that we are planning to develop thanks to the funds obtained, will be a comprehensive ecosystem, gathering in one place innovative and unused, until this moment, areas of the cryptocurrencies’ market.
HOW I CAN USE MON TOKENS?
MON tokens can be used to pay on the platform and also to gain access to additional functions of the platform.
WHAT IS A SMART CONTRACT?
It’s an automated system filling the contract between ICO and the purchaser. This way we make sure that tokens will be delivered without any obstruction to the client, in the fastest possible time. Our smart-contract code is public and widespread – that eliminates attempts to deceive potential purchasers.
WHEN DOES THE ICO START?
The ICO project is divided into five stages and a phase of pre-sale which starts on February 18, 2018 at 00:00 (CET).
HOW CAN I GET MON TOKEN?
To facilitate the entire process of buying tokens for our users we have prepared a detailed guide how to contribute ETH to MillionCoin ICO. You can read it at: https://www.millioncoin.io/token-sale
WHERE ARE YOU BASED?
We are based in Poland, Katowice 40-246 at 23 Porcelanowa Street.
HOW LONG WILL TOKEN SALE BE OPEN?
The ICO project is divided into five stages and a phase of pre-sale which starts on February 18, 2018 at 00:00 (CET). This phase will last a maximum of 6 months or until the amount of 1000ETH is collected.
After the pre-sale period (maximum until 18 August 2018) next stages will begin and in each subsequent stage the price of one MON will be higher.
You can read about the individual stages in the White Paper.
The last stage of ICO will end on December 17, 2019 at 00:00( CET) or the moment an amount of 5500ETH is collected.
IS THERE A MINIMUM AMOUNT I MUST SPEND IN ORDER TO BUY MON TOKEN IN ICO?
There is no minimum amount.
WHICH CRYPTOCURRENCY DO YOU ACCEPT DURING THE TOKEN SALE?
We accept only Ethereum currency.
WHERE CAN I FIND MORE INFO ABOUT YOUR COMPANY?
All information related to the project can be found in our White Paper. You can also find us on social media profiles where we provide the latest information:
WHY SHOULD I GET INTERESTED IN YOUR PROJECT?
We are presenting a clear plan of how our project will be developed and providing you with as much information as we can to convince you that it is worth to buy our Token. All information about the project is available in White Paper.
WHAT ARE YOU OFFERING?
We are offering an ecosystem which will operate as a part of connected platforms, within one customer base. This type of operation will allow you to use cryptocurrencies for daily purchases and payments without the additional need to send them between the wallets of a given currency. The funds deposited by the user will be available from each application and can be used to purchase other currencies, goods, services and trade with other users. Furthermore, this platform allows automated trading on various exchanges, and also provides access to legal and accounting analyses.
WHAT IS THE TOTAL AMOUNT OF MON?
The total amount of MON will be 34 000 000.
CAN I RE-SELL YOUR TOKEN?
After buying a MON token you can use it on our platform. If you want to sell it, you have to use available exchanges markets or wait for release of our internal exchange platform.
WHAT WILL HAPPEN WITH THE UNSOLD TOKENS?
In case when in one of the stages it will not be possible to collect enough funds, all you need to do is transfer 0 ETH to get the refund of the funds you have paid in. Tokens from the failed stages are burned. Example: In pre-sale the user sends 1 ETH and gets 3750 MON. This stage is successful. Then he sends 1 ETH in the first stage and gets 2250 MON. He has 6000 MON but this stage fails. User sends an empty transfer, gets 1ETH return, at the same time he loses 2250 MON. Finally he has 3750 MON.
HOW MUCH GAS SHOULD I USE TO PERFORM THE TOKEN SWAP?
We recommend minimum Gas of 250 000.