Frequently Asked Questions
Customer service is a very high priority with The Auscoin Group. We have put together some questions that we frequently get asked and listed them below to help more people understand all aspects of what we offer.
Whitelisting of all wallet addressed, where the ICO participant contributed
As with all ICOs, the funds raised from the token sale process will be applied towards the fullment of the vision we have set out in our whitepaper. The funds will be used to purchase ATMs, meet installation costs and develop the software products set out in our roadmap. By creating a token, participants can not only support the mainstream adoption of cryptocurrencies in Australia but also be part of a token which we hope will become the “go to” token for everyday use over time. We are planning products which will enable AUSCOIN Token holders to be able to pay their rent, mortgage, insurance and more using the planned AUSCOIN Gateway. Further, the token provides a basis for our supporters to be provided discounted pricing on our ATMs if they are members of our Hoddle Club
There is no guarantee that any cryptocurrency will grow in value. We are committed to enabling the AUSCOIN token to be a valuable part of the AUSCOIN ATM network and a useful payment method at the point of sale for merchants. As adoption of AUSCOIN increases, with the supply remaining xed, there is a potential for an increase in the value of the coins.
There are a total of 100 Million Coins but only 50 Million in circulation following the ICO closing.
AUSCOIN is an ERC-20 Token which is built on the Ethereum Blockchain.
AUSCOIN have hard locked the 50,000,000 AUSCOIN retained tokens so it will take a total of 14 years for AUSCOIN to have the ability to completely access the reserved tokens. This demonstrates the commitment that the AUSCOIN team have to their vision.
Bitcoin is currently available. Lite Coin will be added March 1st, 2018. Further coins will be added including AUSCOIN in the near future, Post ICO.
The AUSCOIN team has vast knowledge and experience navigating through bullish and bearish markets which has given them the ability to understand and be able to mitigate any risks and liquidity issues during high volatility.
There is no current ICO fund allocation for the construction of an exchange. However, with the revenue generating and protable business model that is AUSCOIN and the ATM network, we have the ability to allocate funds for the construction and acquisition of other working models or the creation of our own exchange for the ATM Network.
The hoddle club is a benet that AUSCOIN participants who hold a minimum of 10,000 AUSCOIN are entitled to. ¼ of the 1% that is reserved from the ATM Network will be in a pool and used tooer discounts to the Hoddle Club via the ATM Network.
To join the Hoddle Club you will be required to register for it on our website post-ICO. A snapshot of the blockchain as well as KYC will need to be conducted to register your mobile number as a point of contact for the ATM Network to honour the discounts.
You need to maintain a minimum balance of 10,000 AUSCOIN to participate in the Hoddle Club. If you hold less than 10,000 AUSCOIN you will need to buy more AUSCOIN to restore your balance to 10,000 AUSCOIN in order to participate in the Hoddle CLub benets.
There are currently no limits