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FAQ - Recently Asked

What is the product erecoin ?

The product is platform which gives access to a systematic for any kind of participant in the 3D printing world. Compare it with a platform like PayPal. It‘s all about trust and reliability. The purpose will be in using specific designed blockchain methodology.

 

Does erecoin work?

Yes, as it is build on Ethereum (ERC20), a proven standard for Blockchain applications. The Token itself is checked by experts, to ensure the quality of programming.

Two of them are https://www.linkedin.com/in/j%C3%BCrgen-kleinfelder-9b2774167/

and https://www.linkedin.com/in/tobias-mueller-4a66b930/

Does erecoin has utility?

Yes, the main reason why we are using blockchain technology is because of the possibilities lying in Utility Token. We use tokens to make it easier to reward contributors and build a fair and sustainable circular economy between all participants.

Do you have a reason to tokenize?

We need the functionality of tokenizing to make use of the smart contract systematic. This is the benefit for participating transaction users.

Is the community willing, or rather hungry to use erecoin?

Yes, defintely! A lot of discussions and interviews have shown the need for solutions to prevent uprising 3D printing industry from making the same mistakes as music industry with intellectual property issues. Best examples are 3d printing expert companies like beamler.com or additive-marking.de who are under the first strong supporters of erecoin.

What is an erecoin Token?

erecoin applies the logic and functionality of the blockchain to the application in additive
manufacturing. With the help of the utility tokens and smart contracts in erecoin, all participants in the 3D printing process chain are able to carry out traceable, secure and simple transactions.

What will my investments be spent on?

We are going to hire additional developer, to build up the erecoin platform and accelerate the implementation of real use cases for solving existing difficulties of intellectual property.

Does the platform already exist?

Yes, defintely! A lot of discussions and interviews have shown the need for solutions to prevent uprising 3D printing industry from making the same mistakes as music industry with intellectual property issues. Best examples are 3d printing expert companies like beamler.com or additive-marking.de who are under the first strong supporters of erecoin.

After what time can I use the Tokens?

We plan to improve essential properties in 6 months after sucessful ICO.

How do the partners contribute to erecoin?

The demand for the erecoin is rooted in its use in growing additive manufacturing businesses. It is the unit of value used in the ecosystem to purchase business growth and facilitating trade.

How can I purchase Tokens?

It is necessary to own the Ethereums and to be owner of a valid wallet. Go to the erecoin.io website and click on the “Buy Erecoins Button”, select if you want to make a private or a company investment, undergo the “Know-Your-Customer” procedure and you will get the crowdsale adress for transactions.

Which wallets are supported ?

>ERC20, !do not deposit in exchange wallets!, available payment options.

What is the ICO timetable?

The presale has already started. The main sale begins on the February, 18th 2019 and ends on the April, 30th 2019.

Are there any bonuses during the ICO?
Transaction time determines your bonus. February 18, 2019 – March 04, 2019 - 20% March 04, 2019 – March 18, 2019 - 15% March 18, 2019 – April 01, 2019 - 10% April 01, 2019 – April 16, 2019 - 5% April 16, 2019 – April 30, 2019 - 0%
Can I buy tokens after the ICO ended?

Tokens cannot be purchased directly after the ICO. After implementing utilities we will list erecoin on common exchange platforms.

What happens to my Tokens if the erecoin softcap is not reached?

If the softcap of the ICO is not reached the tokens will be transferred back into ETH and added to your wallet automatically through a smart contract.

Is there a soft cap/hard cap?

We have a softcap of 2 000 000 € and 12 000 000 € hard cap on the April, 30th 2019.

Do you have a KYC procedure?

YES. We have KYC to secure the ICO fundings and investments.

I have invested. When will I receive my token?

Tokens will be transferred to customers wallet after purchasing. By reaching the softcap the transaction will be closed by smart contract. Transactions will be closed on the April, 30th 2019.

Is erecoin expected to trade on a digital exchange?

Yes. After implementing utilities we will list erecoin on common exchange platforms.

Are there any country restrictions? Can US citizens participate?

US citizens are not allowed. We don‘t have restrictions for other countries.

Why do you need a utility token?

To make it easier to reward contributors and build a fair and sustainable circular economy between all the participants.

Why not just use Bitcoin or Ethereum instead?

To avoid volatility, speculation and to better align the incentives of our contributors.

Is this an Ethereum-based token?

Yes, we are using ERC20 protocol to release this token.

Is the erecoin Utility Token a security token, utility token, or consumer token?

erecoin is a utility token.

Where is your team based?

Germany

Is your smart contract deployed for the crowdsale/ICO?

YES, we’re currently in the last steps of the testing phase.