QKIP FAQ

  1. What is the token price? The base price of the QKIP token during the Presale and ICO is USD 0.025.
  1. Is there minimum I can buy? There is no minimum number of tokens you can buy during the Pre-Sale or ICO periods. However, there are a minimum number of tokens that has to be purchased to be eligible for the bonus discounts that are available during the Pre-Sale period.
  1. Is there a maximum I can buy during the Presale or ICO? There is no maximum number of tokens that you can buy during the Pre-Sale or the ICO periods.
  1. Can tokens be bought in fractions of ETH or BTC? Yes.
  1. Can I buy QKIP with cryptocurrencies and fiat currencies? You will be able to buy QKIP tokens with:
  • Ethereum (ETH), BitCoin (BTC); or
  • AUD, GBP, EURO, JPY, or USD.
  1. What is the maximum token supply? The maximum supply of QKIP tokens will be 600,000,000 .
  1. How many tokens will be sold/distributed? The maximum number of tokens that will be sold in the Presale and ICO is 325,000,000.
  1. Are there any discounts available? Yes. Please click here for the discounts that are available during the presale period together with the vesting period that is applicable to each discount level.
  1. Will QKIP support decimals? QKIP is divisible up to a minimum of 6 decimals at this time.
  1. What is a token? A token is essentially a digital asset that is sold to the public during the Presale and ICO periods.
  1. What is a Utility Token? Utility tokens are also referred to as user tokens or application coins that provide users with future access to the QKIP platform products or services. Given that a utility token is not issued in the form of an investment asset, it is effectively exempt from the need to comply with federal legislation regulating securities or equities. A utility token is not a share, therefore buying a utility token does not give voting rights or equity in QKIP or any companies associated with it.
  1. When will I get the tokens? Instructions for tokens distribution will be sent to all valid participants at the completion of the ICO. Tokens will also be tradable on exchanges and we will be announcing the exchanges after the ICO via our news page.
  1. How do I safely store my tokens? It is strongly recommended that you store your QKIP tokens in an off-line, cold storage solution.
  1. When will QKIP secure the ETH and BTC rates? The purchase price for tokens is in real time against BTC and ETH. There is a timeout window that if a transaction is not confirmed during that time it will place the order on hold. After 3 days of non-payment the order will be released. Once confirmation is confirmed you will receive an invoice stating your purchase and amount of tokens allocated for that purchase. Token distribution will occur after ICO completion.
  1. Where will you be storing the funds after the token sale and will you be using an escrow service? All cryptocurrencies received during the token sale will be stored in an Ethereum or Bitcoin wallet. Funds will be transferred to a cold wallet to ensure the financial security of our token buyers. Any fiat currencies (USD/JPY/GBP/AUD/EUR) will also be stored in a similar manner.
  1. What happens if the soft cap is not reached? No funds will be used until confirmation of soft cap target being reached. If soft cap is not met, all funds will be sent back to the subscriber minus any ether or transfer fees.
  1. How does an Initial Coin Offering (ICO) work? An Initial Coin Offering (ICO) is our way of raising the funds for the QKIP blockchain project by using a crowd funding model to enable individuals and organisations that may use the tokens to access the platform for the provision of our products and services. The funds raised from the ICO will be used to develop an innovative concept or idea using smart contracts and blockchain technology for the delivery of project outcomes.
  1. How can I join the whitelist? You can apply to be whitelisted for the Pre-sale and ICO by going here and completing the required details and submitting the application form.
  1. What are the advantages of buying tokens? Usually, you will not get the instant advantage of the token; rather you will get its benefit when these tokens are listed on major exchanges like Binance, Bittrex and Bitfinex etc. For example, If you purchase USD 500 worth of tokens, once the ICO project becomes successful and the QKIP token is listed on a trading platform, you could potentially earn more by selling the tokens. If you are not a trader and wish to use these certifications you can do so by using them to insert qualifications such as individual or company qualifications into the blockchain using the QKIP service. However these insertions will be created from a participating Certified Body, not an end user.
  2. What is the scope of the certification market? The scope of the global certification market which includes educational institutes, companies, commercial training and certification bodies is very difficult to quantify. The certification industry includes companies that are assessed and certified against international standards such as ISO 9001 – Quality Management, ISO/IEC 27000 – Information Security and other best practice frameworks which potentially provide these companies with competitive advantage.As outlined in the whitepaper, according to the UNESCO Policy Paper 30, worldwide, enrolment in higher education has been growing steadily: Between 2000 and 2014, the number of students in higher education institutions more than doubled, rising from 100 million to 207 million.This number will continue to grow in the coming years. QKIP can be used for individual as well as organisations who wish to show their certifications in a simple single wallet.
  3. Why is QKIP using blockchain as the underlying technology? Blockchain technology enables us to create a transparent, secure, and decentralized system where members determine the value of the content. With our implementation, a piece of user generated content is first registered on the blockchain to ensure accurate attribution of ownership of the digital asset.
    Next, the results of the validation process are recorded on the blockchain which cannot be altered. Then, all transactions of UGC for buyers and sellers are recorded on the blockchain which become part of the permanent record.Finally, thanks to the Delegated Proof of Stake (DPoS) algorithm, the system is controlled by the members, as opposed to centrally managed by a corporation, which means control is given back to content creators and consumers. Blockchain has the following important characteristics that make it ideal to use:
  • Decentralization: Data are held across the blockchain network, which eliminates the risks and vulnerabilities that come with storing data centrally, such as central point of failure and data loss.
  • Security: Blockchain offers high-level of security against fraudulent activity such as data tampering and identity theft.
  1. What is a DApp? It is an abbreviation for Decentralized Application that consists of backend code running on a decentralized peer-to-peer network. Whereas compared to an Application the backend code is running on centralized servers.
  1. I still have some questions. How can I contact you? You can contact us via email: contact@qkip.io Or Join our Telegram Chat: Here