CrediSco

Frequently Asked Questions

Below you can find the answers to some of the most frequently asked questions

What is an ICO?

In the crypto world ICO stands for “Initial Coin Offering”, This is a method of raising crypto-capital through a crowdfunding campaign by distributing token to the contributors. A digital asset or token is issued for a specific purpose with platform utility in mind. After the ICO process is done, the tokens may be used in a platform or traded on exchanges that work with crypto-currencies, with market supply and demand deciding on its fair value.

Where can I send ETH in order to participate ?
Watch this site, the address will be published on Dec-25-2017 23:59 EET.

What is the conversion rate?
It is 1:200, i.e. one ETH will be traded for 200 CSCO tokens.

How will I receive the CrediSco Token after I send my contribution?

We will identify the investors based on the address they send ETH funds from. Upon sending the ETH tokens each will be generated a unique fingerprint address, related to the sender ETH (hash+salt). After the ICO finishes, each user shall receive ERC-20 tokens that will be later redeemable/exchangeable on their originating ETH sender address. Any transaction using the given sender ETH address will count as your contribution to the project. One ETH is equivalent to 200 ERC-20 CrediSco $CSCO tokens. Thus make sure you use one of the supported wallets:

Which Ethereum wallets are ERC-20 compatible?
MyEtherWallet (No download needed)
Mist (Desktop - Recommended)
Parity (Desktop)
imToken (iPhone)
imToken (Android)

Where are you based and what is your legal structure?

CrediSco is based in Lithuania, with our Engineering and DevOPS operations being based in Kuala Lumpur and Sao Paolo. Apart from the core team we are having advisers and collaborators from all over the world, including Russia, Japan and the UK.

What exchanges are going to list CrediSco tokens?

Currently we are unable to post a guaranteed list of all exchanges we are bound to work with. Since multiple contacts are in progress right now, but we have a non disclosure agreement until the end of the ICO. CrediSco will most likely appear on several exchanges within two weeks after the end of crowd sale, whilst the exact amount of exchanges we are going to be listed on is yet to be defined.

What are the distribution plans for the CrediSco tokens?

Public - 70%, Core team - 10%, Advisers - 5%; Initial PRE-ICO angel investors - 15%

What is going to happen in case you are not able to collect the estimated funds?

We have a pipeline and are planning to continue developing the CrediSco platform with any collected ICO funds, following our tentative roadmap of operational development. There is already a sufficient number of preliminary agreements with early-supporters involved.

Who can participate in the ICO?

Everybody can take part, apart from US citizens and residents based in the United States of America, due to law regulations, we have not managed to clear up just yet.
Usually data for customers of any given country can not be hosted on the servers, placed outside of the premises of the country they are a resident of, even if encrypted.

Can I use another ETH address, different from the one I sent funds with?

No, we identify users that way. But after a period of 14 days following the ICO closure date, each user will be able to add additional ETH addresses to their investor profile in order to be able to manage and /or withdraw their CrediSco tokens.

How can I redeem guide me to get my ECR-20 CrediSco tokens to MyEtherWallet

To receive your tokens on you need to open an account on MyEtherwallet.com
In the bottom right section, you can add a custom token, like $CSCO. The Pre ICO phase is between 25-Dec-2017 - 08-Jan-2018. The $CSCO tokens will be redeemable 3 days after the second phase ICO ends on 28-Feb-2018.
In addition to that, a guide explaining on how to setup a myetherwallet in order to receive the tokens will be available after the end of the ICO on 28-Feb-2018.

Is there a maximum investment stake?

Yes, our current maximum investment stake is set at 50 ETH to protect us form pump-and-dump schemes, and to ensure granularity and equal token distribution / spread

Is there a minimum investment stake?

Yes, our current minimum investment stake is set at 0.2 ETH.

Do you offer a bounty referral program ?

No, MLM is a thing of the past.

I want to participate in your ICO. Can I contribute with fiat currency (eg: USD, EUR, GBP)?

Unfortunately, we can only accept contributions in Ethereum (ETH). However you can buy ETH with fiat on multiple exchanges like Kraken, Coinmama, Cex.

Can you provide the smart contract draft for review?