FAQ

• What is Coin?

  Coin is an active, successful, and award-winning mobile platform. Essentially, Coin is a one-stop-shop for mobile financial services with a mission to give back to its users. Product offerings on the Coin mobile app includes money transfer, prepaid mobile recharge (top-ups) and eGift cards alongside with powerful communication tools. What makes Coin so great is the requestability feature within the Coin chat conversation. Sending money overseas is as easy as the requester asking the sender right within the chat, thereby autopopulating the information needed from the requester making the money transfer so simple. Users can also request eGift cards from brands you love in the U.S. and more than 15 other countries and mobile recharges just as simply. Giving back to its users through the rewards system by is called Coin Points. Users are rewarded with Coin Points for making purchases in the app, completing activities like sending a text and by browsing videos and surveys and more! Coin points can be used within the app towards purchases of Coin's available product offerings.

• What is Coin?

  The Coin mobile platform is tokenizing its ecosystem by launching Coin. Coin consists of two-phases. Phase one will be utilizing the Coin platform to leverage on the blockchain and smart contract technology bringing about the Coin Micro-tasking, a decentralized solution that will open up income opportunities for all Coin users. The next phase, phase two would focus on the use of the Coin Decentralized App (dApp) Ecosystem, to enable other dApps and apps to plug into the Coin ecosystem, enjoying access to Coin’s presently 5 million users (estimated to be 100 million by 2022).

• When will the Coin token be useable?

  When Coin is listed, the token will then be tradeable. The utility function will follow as we progress further down our technical roadmap.

• What will the Coin token symbol be?

  We are calling the Coin utility token Coin.

• What is micro-tasking?

  Micro-tasking is defined as Human Intelligence Tasks (HITS) broken down into micro (small) tasks that can be completed within seconds to minutes. Internet companies, such as Google, Facebook, Twitter, eBay and LinkedIn optimize their production ready solutions and enhance their AI model training with micro task worker.

• Why can't I find Coin on the Coin mobile application?

  The Coin project is coming soon and will be available on the Coin mobile app as one of the carousel "buttons/tabs" on the home page.

• Who is the founder, core team, and advisors?

  The founder of Coin is Darren Lu, a graduate of Harvard University and entrepreneur. He has over a decade of experience in the telecom industry making the present partnerships with other telecoms for mobile top-ups highly valuable. Coin has a strong team of over 40 employees, advisors, legal representatives, development professionals, and consultants.

• What is the difference between a centralized app and a decentralized app?

  Centralized means all of the power of planning and decision making are exclusively in the hands of the app owner. On the other hand, Decentralization refers to the dissemination of powers by the app owner and leaves more power at the user and client level.

• How much is each Coin token?

  Each Coin token is $0.01 USD.

• When will I be able to trade my Coin tokens?

  Coin will open for trade on May 22, 2019 at 23:00 GMT/UTC on Bittrex International. Do if you bought Coin on Bittrex, you’ll be able to trade them.
  If you earned Coin through the bounty program, your Coin will be available in the Coin app around mid-August.

• What will the token price be after the initial listing?

  The token price will be determined by the market (all Coin holders) and cannot be determined by us or any exchange.
  The listing price in solely created by the Coin token holders. We have every intention of moving through our roadmap and creating project success.

• Did presale and seed get a lower price than the IEO?

  No, the IEO is the lowest price the Coin token has ever been.

• What happens to unsold tokens?

  Any unsold tokens will be burned. The burn of the unsold tokens will remove them from the supply, adding more value to each token held by token holders (IEO participants).

• Is Coin listing on any other exchanges like Upbit or other popular exchanges?

  We intend on listing our token on many other exchanges. Please follow our social media and website to be up to date.

• What is Coin's mission?

  The mission of Coin is to create millions of jobs worldwide and provide a fair and equal way for individuals to earn wealth.

• Coin is a great project. Why did you choose to do IEO on Bittrex?

  After searching for an exchange platform for roughly 6 months, we found Bittrex fit our targeted global demographics; therefore we created our partnership with Bittrex in April of 2019.

• What is the utility of the token?

  Coin Token Utility Starting Q3 2019

  1. You can use the Coin within Coin (mobile app) as a payment method for products and services
  2. Starting Q1 2020, Coin users will be able to send and receive Coin to and from each other
  3. Micro-tasking (Phase 1); Coin will be used for staking and payouts to Vodeers & Coinants
  4. dApp/App (Phase 2); Coin will be used as payment method

• Why did you decide on this tokenomics structure?

  We compared many tokenomic structures of previous IEO’s. We found the range of token availability at the time of their IEO to be between 6-18%, in which the higher the percentage the better for the Coin buyer. We chose 22% (35% if we include seed and private rounds) to be as favorable as possible to our token buyer.