What is an ICO?keyboard_arrow_down
What is an ICBM? Why did you call your ICO an ICBM?keyboard_arrow_down
What is a Commitment Transaction?keyboard_arrow_down
What is a Euro Token (EURT)?keyboard_arrow_down
I couldn’t find an answer to my question, what now?keyboard_arrow_down
What is the necessity of EUROT? Why don't you use only ETH?keyboard_arrow_down
What is NEUFUND?keyboard_arrow_down
When is the NEUFUND ICBM going to take place?keyboard_arrow_down
Why is Neufund not doing a normal ICO?keyboard_arrow_down
Where can I read the Neufund whitepaper in full?keyboard_arrow_down
Is Neufund funded? Do you have backing?keyboard_arrow_down
Neufund received $ 2m in investment at the close of 2016. We are backed by several prominent investors and VC firms in Germany and abroad, such as Klaas Kersting and Christophe Maire’s Atlantic Labs.
Read the TechCrunch article for more information.
Is this project open-sourced?keyboard_arrow_down
Will you do due diligence of companies doing ETOs on the platform?keyboard_arrow_down
When investors commit funds to the platform and participate in a ICBM, they automatically receive Neumarks tokens proportionately. In this process why does the platform operator collect 50% of the fees?keyboard_arrow_down
Why do you put a “long-stop date” which coercively locks up investors fund for 18 months? Why can’t investors pull out their money whenever they want and rather go through ‘escape hatch’ and pay a penalty fine?keyboard_arrow_down
What’s the purpose of issuing digitalized tokens which represent a share of the company when people can just buy stocks on the stock market. It just seems that companies that cannot pass the IPO due diligence are finding a quick way to raise capital evading all the securities laws that are implemented to protect investors.keyboard_arrow_down
Is there any projection of fee costs or dividend earning through ETOs? E.g. how much a normal ETO would have to pay as a fee to the platform?keyboard_arrow_down
Why there is no vesting scheme on platform operator NEU?keyboard_arrow_down
What stop you from dumping all your tokens on the market?keyboard_arrow_down
Are you like kickstarter?keyboard_arrow_down
When will you announce first ETOs?keyboard_arrow_down
Could you present possible use case scenarios of ETH/NEU?keyboard_arrow_down
1. You commit 10 ETH to the platform and receive NEU for that operation. ETH is locked in the smart contract but you still control what you want to do. You wait and look what companies come to the platform. You find some nice company "A" you want to inverst in. You put your 10 ETH on "A's" ETO. You get "A" tokens. At the end you have NEU and "A" tokens.
2. You keep your ETH and NEU waiting for some nice ETO. You see that market is going crazy and you need your ETH back. So you take it back and return NEU you got during sale. You have to pay 10% fee from ETH for getting your money earlier than lock perios. This 10% is distributed among investors that are still on the platform. You have 90% of ETH and no NEU.
3. You wait for nice ICOs but nothing is going on, so after 18 months you decide that you want 100% of your ETH back. You take it all to your wallet and return all NEU - this is just simpole holding ETH for 18 months.
All this time as a NEU holder you get part of the fees from the platform for successfull ETOs - so you also earn on it. Fees are distributed in ETH or EUR.
How to participate
Where and how will the ICBM take place?keyboard_arrow_down
What documents should I read before participating?keyboard_arrow_down
You can find an explainer of our product (the Neufund platform) on the Product tab.
We will also require participants to read and accept legal documents that will govern the ICBM. These will be available shortly before the ICBM start.
How can I participate in Neufund’s ICBM?keyboard_arrow_down
How can I verify whether I am using the correct website?keyboard_arrow_down
How do I know whether I am legally allowed to participate?keyboard_arrow_down
We want the ICBM to be open to everyone. However, due to legal reasons we might be forced to exclude participation of certain persons or entities.
For example, if you are a US citizen or entity, or a representative of such person or entity, you are not legally allowed to participate.
Which wallet providers does Neufund support?keyboard_arrow_down
We support myetherwallet, Metamask, Parity, and web3 as well as Ledger Nano S hardware wallets. Any ERC20 compatible wallet should work. Please make sure to use a wallet where you are in control of your private key.
Be aware that wallets on exchanges are NOT supported.
What ETH address can I use to participate? Can I send my ETH from an exchange account?keyboard_arrow_down
Where can I purchase ETH?keyboard_arrow_down
Is there a minimum or maximum amount of funds I can participate with?keyboard_arrow_down
How will I know whether my commitment was successful if the Ethereum network is overloaded?keyboard_arrow_down
What are the reward ratio and exchange rate mechanisms?keyboard_arrow_down
The Neumark reward starts out at 6.5 Neumark per EURT and declines from there according to the following curve:
However, every Neumark reward is split: 50% goes to the person committing funds, 50% go to the platform operator Fifth Force GmbH. In effect then, the Neumark reward for the first contributor starts out at 3.25 Neumark per EURT.
During the commitment process you will find a calculator to estimate the reward you are likely to get for your commitment of funds.
Does Neufund do a pre-ICO?keyboard_arrow_down
When will tokens be distributed?keyboard_arrow_down
Instantly after the funds are committed. However, investment transactions using the EURT will only become possible at the launch of the Neufund platform.
NEU will only be immediately tradable after an exchange offers trading, but no earlier than the end of the ICBM. We hope this will be a short timespan, but ultimately depends on the exchanges.
What types of currencies can I use to participate in Neufund’s ICBM?keyboard_arrow_down
Neufund only accepts ETH, or “Ether” (Ethereum’s native token), and EURT (Euro Token). The first phase is open exclusively for participants who wish to send ETH, and runs for one month.
Neufund does not accept other currencies, neither crypto-based nor fiat.
Will there be a lock-up on funds committed in the ICBM?keyboard_arrow_down
Where can I get help with committing my funds?keyboard_arrow_down
How do I connect with Neufund on Social Media?keyboard_arrow_down
Has the smart contract code been professionally audited for security?keyboard_arrow_down
Neufund’s token - Neumark
What are Neumarks?keyboard_arrow_down
What makes Neumarks different from other tokens? What does Neumark offer that others do not?keyboard_arrow_down
How do I purchase Neumarks?keyboard_arrow_down
When do I get Neumarks?keyboard_arrow_down
Is Neumark a security?keyboard_arrow_down
What rights do Neumark holders have?keyboard_arrow_down
Is there a hard cap on Neumarks generated during the ICBM?keyboard_arrow_down
How many Neumark tokens will be available during the ICBM and how many will be created in total?keyboard_arrow_down
Are there any bonuses or discounts available?keyboard_arrow_down
When will NEU come to market/exchanges? Do you have partnerships with exchanges yet?keyboard_arrow_down
Why should I hold NEU?keyboard_arrow_down
Do contributors need to go through KYC procedures during Neufund’s ICBM?keyboard_arrow_down
What is the downside protection?keyboard_arrow_down
For one, we do not have access to your ETH or EURT, since all funds are held in a smart contract. This contract itself is currently being audited for security and allows you to withdraw your funds at any time. If you do so before an 18 month period of 30 day months has passed after your commitment, you will be able to withdraw 90% of the EUR value of your funds (at the time of commitment) at any time before that date. The remaining 10% will be distributed among other Neumark holders.
In addition, token holder rights are protected by regular legal means with the appropriate legal documentation.
Who can reserve funds to invest on the NEUFUND platform?keyboard_arrow_down
Is the Neufund ICBM open to US contributors?keyboard_arrow_down
Why are you building Neufund under the German law?keyboard_arrow_down
What is the Blacklist of countries participating in Neufund’s ICBM?keyboard_arrow_down
How is Neufund affected by the SEC announcement?keyboard_arrow_down
At Neufund we understand that the regulatory environment is dynamic, and that we can’t say how the treatment of tokens will be viewed by various regulatory authorities ahead of time. To be safe, however, we have decided to exclude US contributors until a favourable, firm regulatory framework has been established.
Currently, we are complying with existing German law and the greater EU framework, as determined by our legal experts.