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When will the GeneBTC token sale start?
The token sale starts on September 18, at 9am EDT/6am PDT
When and how the Gene BTC token sale take place?
On the day of the sale, you will be able to visit www.geneblockchain.org and click the "Purchase GeneBTC" button. Next, you'll start the token sale process by entering your email address. You will be issued a unique email invitation. Clicking a special link in this email will give you access to the token sale tool where you can use BTC or ETH to make your purchase.
Pricing and Exchange Rate Mechnism
The exchangerate is dynamic and subject to market conditions. This rate will be locked for the duration of the sale. There will be 100,000,000 tokens issued with a target of USD 100MM. If the USD 100MM target is reached, the token sale system will stop issuing new invitations. Anyone in the middle of a purchase will be able to finish the process.
Which payment methods will be accepted in the token sale?
Methods of payment are Bitcoin: Litecoin, Ripple, Dash, Ether Classic, Ethereum, NXT, Waves, Monero, ZCash.
How will I know if my purchase was successful if both Bitcoin and Ethereum networks are overloaded?
For purchases made in BTC and ETH, we will deem a purchase to be successful when three confirmations have been received within six hours of the time that payment information is displayed to you during the token sale process. We reserve the right to refund your purchase if the transaction is processed after the six hour period lapses.
How many GeneBTC tokens will be available tin the token sale and how many created in total?
Through presales and the token sale commencing on September 18, Gene Blockchain will sell a total of 100 million GeneBTC tokens. Gene Blockchain is creating a total supply of 200 million (200,000,000) GeneBTC tokens, of which 50% will be available for purchase as described above, 25% is reserved for Stage 2 token crowdsale. 20% remain in the Company's inventory under a lock up for stabilization fund, and 5% will be used for Platform Reserve Fund.
