Hi All, the below Q&A was shared via Telegram for our pre-sale. Including it here for our community’s easy reference. Thanks!
Q&A ROUND 1
A Big Thank You to everyone who has joined our Telegram community. We have collated a few common questions we’ve received into a Q&A format and sharing our responses with our community. We have paraphrased some of the questions received. This Q&A will focus on the Team, Pre-Sale, Main Sale and Tokenomics. The second Q&A will follow soon.
When is the pre-sale? How can I participate in the 1BCH pre-sale?
We are currently raising 50BCH for 5,000,000 1BCH tokens. Please see our BCHPad (raising 40BCH) and Flipstarter (raising 10BCH) campaigns. When you are contributing to our Flipstarter, please remember to post your SmartBCH wallet address in the comment field for us to send your respective 1BCH tokens to you. We will also announce more details via Telegram as soon as we can, so please stay tuned for it.
How much has been raised in the pre-sale?
We are currently raising 50BCH for 5,000,000 1BCH tokens. Please see our BCHPad (raising 40BCH) and Flipstarter (raising 10BCH) campaigns. When you are contributing to our Flipstarter, please remember to post your SmartBCH wallet address in the comment field for us to send your respective 1BCH tokens to you. We will also announce more details via Telegram as soon as we can, so please stay tuned for it.
When is the main sale/crowdsale?
We are currently still underway in our pre-sale. We expect our main sale to be within 2 months of our 1BCH DEX launch. Do follow our Telegram Channel for the latest updates and we will let you know the details of our main sale. For more details and progress on our pre-sale, please visit our BCHPad and Flipstarter campaigns.
Is 1BCH.com doxxed? What is the BCHPad doxxing process?
Yes, 1BCH has been doxxed by BCHPad. We had to fill in an application form, followed by a series of further questions from the BCHPad team, such as our team’s background and track record, our plans for 1BCH, sharing of our source code, locking of tokens and funds, and sharing of documentation / proof of identity.
Do you have a pre-sale bonus?
At the main sale, the price of each 1BCH token will be at least two times more than pre-sale, or whatever the prevailing token price is at the launch of the main sale (whichever is higher). More details will be announced after our 1BCH DEX is launched.
What will be the listing price?
These are the respective listing prices:
- 5M 1BCH tokens to be distributed at Pre-Sale at 0.00001BCH each. 4M 1BCH tokens will be distributed via our BCHPad campaign, while 1M 1BCH tokens will be distributed via our Flipstarter campaign.
- Main Sale of 20M 1BCH tokens within 2 months and at 0.00002BCH or prevailing average 1BCH token price (whichever is higher)
At pre-sale, one 1BCH is worth 0.00001 BCH. At main sale, one 1BCH shall be worth 0.00002 BCH or prevailing market price, whichever is higher.
Will the BCH price increase affect your sale?
No, our hard cap is based on BCH and our tokens are pegged to BCH.
What is the softcap / hardcap?
For our pre-sale, we have a target of 50BCH for 5,000,000 1BCH tokens. The softcap and hardcap on BDHPad are 20BCH and 40BCH respectively.
What is the total supply of 1BCH tokens?
There will be a fixed supply of 250 million 1BCH tokens. 2% and 8% of this supply has been allocated for the pre-sale and main sale respectively.
What are rBCH tokens?
What is the token allocation? Is there a vesting period for team tokens? Is there a lockup/vesting period for the 1BCH team?
Our token supply is 250M 1BCH tokens. 10% is for pre-sale and main-sale; 20% for the 1BCH team with a 12-month vesting period and the remaining is earmarked for marketing, operational needs, etc. All the team tokens will be locked for a period of 12 months (from close of pre-sale) using an accredited and audited third party lock-script, such as smartbchlock.bscrypt.finance
When will I receive 1BCH tokens?
You will receive all your 1BCH tokens once 1BCH.com has launched.
Which cryptocurrencies are accepted for your pre-sale?
Our BCHPad and Flipstarter campaigns only accept BCH contributions.
If you wish to use your BTC or other crypto currencies, please convert it into BCH at an online exchange and transfer the BCH to a private wallet that is compatible.
Will there be any airdrops? How do I participate in the airdrop? When will I get my airdrop/bounty?
In collaboration with BCHPad, we have provided 50,000 1BCH tokens for BCHPad to airdrop to their community.
How much has been collected so far?
We are currently still underway in our pre-sale. For more details and progress on our pre-sale, please visit our BCHPad and Flipstarter campaigns.
Tell us more about the 1BCH team. Where is the team based in?
The 1BCH Team comprises experienced SmartBCH developers, and seasoned blockchain product and project leads. Each member has extensive experience in the blockchain space, and involved in SmartBCH almost since inception. We have expertise building BCH, SmartBCH and blockchain infrastructure and executing successfully on our plans. Examples of our work include: non-custodial payment solutions, blockchain gaming, video on-demand platforms, etc. The 1BCH team consists of individuals based across the globe.
How big is the 1BCH team?
On the size of the team, we are a 5 person team, with a good split between dev and biz personnel.
What is the recommended gas limit, gwei?
To guarantee the success of your transfer, we recommend setting your gas limit to 200,000 and Gwei to 1.05.
Lower numbers could technically work too, but we’re recommending you don’t take any chances.
Bear in mind that the transaction will only use the minimum amount of gas needed, not the max.
What does gas limit mean?
The Gas limit means the max total cost of a transaction (the “TX fee”). Bear in mind that the transaction will only use the minimum amount of gas needed, not the max.
Will the DEX launch straight after the IDO is finished? When will the 1BCH tokens be released?
Our DEX is scheduled to launch approximately on 30 November 2021. 1BCH tokens will be released within 24 hours of the DEX launch. If we are able to launch earlier than 30 November 2021, we will give everyone in our 1BCH community at least 72 hours prior notice via our 1BCH.com Telegram group.
What will happen to unsold tokens?
If there are any unsold tokens / the respective soft-cap and pre-sale target is not met on BCHPad and Flipstarter, the BCH funds will be returned to all contributors.