Published by LiveEdu.tv on October 11, 2017
How long does the pre-sale last?
Refer to the official LiveEdu ICO website https://tokensale.liveedu.tv/ for the pre-sale dates.
How long does the ICO last?
Refer to the official LiveEdu ICO website https://tokensale.liveedu.tv/ for the ICO dates.
Is there a minimum to participate in the pre-sale or ICO?
For both the pre-ico and main crowdsale, minimum contribution amount per transaction is $3. If you send less than $3 per transaction, you will lose that. For you to qualify for any bonus in the pre-ico or main crowdsale, you have to contribute a minimum of $50 per transaction. If you contribute less than $50, you will get no bonus.
I live in XYZ country. Can I participate in the pre-sale and ICO?
Yes. Check our ‘How To Buy’ guide for instructions on how to participate in the ICO.
Where can I find the terms and conditions for the ICO?
The terms and conditions for the ICO can be found here.
Do you have a referral program?
Yes information about referral program can be found here.
What is the cap on the pre-ICO?
The hard cap for the pre-sale is set at $500,000 in ETH contributions
Do you do KYC/AML?
No in general. But we do reverse KYC on those that contribute more than USD$25,000. If a transaction is more than USD$25,000-, after the transaction has been made and confirmed on the blockchain, KYC will be run before the EDU tokens are issued. We will get in touch via email with you for KYC if this applies to you.
What will happen if the soft cap of $1M is not reached?.
If the soft cap is not reached all contributions will be refunded.
How many tokens will I get for my payment?
Use the calculator on the homepage to see the exact amount of tokens. The logic is: Number tokens = US$amount (10 token (1 + bonus rate %))
How do I see my EDU token purchase is confirmed?
We will send you a confirmation email to the email address you entered when you made the purchase. This is also the email address we will use for all communication.
Can I contribute multiple times?
Yes, you can contribute multiples times as much as you want.
If I contribute will I get monthly profit pay out?
NO. ICOs are not like IPOs. They are not allowed to promise dividends/profit. The value you get from contributing are: a) token price gains, e.g. you bought at $0.05/token and 1 yr later the price is $1.50 b) you help launch a blockchain product into the market. c) your contribution helps the blockchainization and improvement of processes in generally slow moving industries.
Why should I contribute in any ICO at all? What is in it for me?
The main reason why people participate in an ICO is that they expect to sell the tokens they buy in the pre-ICO or public sale at a higher price later on exchanges or over the counter. Example, a person buys 10,000 tokens for $0.05 each. After the tokens hit exchanges they sell it for $0.10 each.
Why should I contribute in the LiveEdu ICO?
Read the 10 Reasons Why You Should Buy EDU Tokens
Where is the LiveEdu smart contract?
The LiveEdu smart contract is available on Github and is being audited by the blockchain audit expert Bok. Note that the current version is not yet final. DO NOT SEND MONEY NOW TO THE SMART CONTRACT ELSE YOU WILL LOSE IT.
Can I refer friends in the pre-sale and sale stages a?
Yes, if you refer friends you get 10% token bonus of what they purchase. Example: You refer friends and they buy tokens for $10,000. LiveEdu will give you 1000 tokens.
What are EDU tokens and what are they used for?
EDU is a digital cryptocurrency. Contributors in the crowdsale will purchase EDU tokens with ETH,BTC, LTC or Fiat. EDU tokens are going to be fully integrated into all core modules and transactions on LiveEdu; a payment method for all financial transactions, rewarding premium project tutorial creators, rewarding positive learner behavior, rewarding site moderators, and rewarding API ecosystem developers.
How will I receive my tokens?
After the crowdsale we will provide updates on https://tokensale.liveedu.tv/ and our social media channels with more details about how to receive EDU tokens.
When will tokens be distributed?
All EDU tokens will be distributed after closing of the public sale to all contributors in the pre-sale, public sale, and bounty hunters.
Are EDU tokens securities?
Based on legal advice and opinions we gathered during the preparation process, EDU tokens would not be deemed as securities by SEC based on the famous Howey test.
What is the token supply breakdown
There is a soft cap of $1M and hard cap of $8M for ETH contributions (non-ETH contributions do not count toward the hard cap). The additional money will help the company scale faster by getting more content creators on board to create quality content, expand our streaming cluster infrastructure, marketing efforts, team size and number of countries served. For the token distribution the following fixed percentage split is to be used:
Allocation Percentage Pre-Sale 5% Main Crowdsale 45% Subscription pool (user token purchases) 10% Content Creators (streamers) 13% Team 13% ICO Legal and Technical Advisory, Bounty Program, ICO Marketing 6% API Ecosystem Developers 3% Supporters (Quality Assurance and Site Moderation) 3% Learners (viewers) 2% Total 100%
Why are so many tokens reserved for content creators (streamers)?
Since the premium content program is a new product, LiveEdu does not currently have a large premium content library for the seven topics. If the premium projects are educational, structured, and of high quality, viewers will buy them. We want to attract the best content creators, and for them to be able to create valuable content they need to invest time.
How will you ensure these streamers create good content?
To ensure that content creators provide only high quality content, any project created is only counted as a project towards the total project count of the content creator if it has:
- A minimum total view time of 20hrs (live stream and videos).
- Been marked as completed by site quality assurance moderators.
What is the vesting schedule for tokens?
- For every 3 premium projects completed, a content creator gets 30% of their tokens released to them. The more projects they complete successfully in the ecosystem, the more tokens will be released to them.
- They cannot sell more than 50% of their released token stake per quarter.
- They cannot sell more than 50% of their annual released token stake per year.
As the team has already been working on the product for some time, the vesting schedule for EDU tokens assigned to team members is as follows:
- 25% will be allocated immediately.
- 75% over the next eighteen (18) month period.
Team members cannot sell more than 20% of their tokens per year in the first three years.
How will you organically create token scarcity so that token price rises for contributors, content creators and all token holders?
Each month we will burn 20% of monthly subscription expensed viewer EDU tokens to reduce supply. Consequently, the more viewers watch content and use LiveEdu, the more tokens will be burned and the more the value of the EDU tokens will appreciate for contributors. On the supply side, to incentivize streamers to create content fast, for every 300 premium projects completed, LiveEdu will burn 10% of remaining content creator tokens.
How do I purchase tokens?
EDU tokens can be purchased directly using ether (ETH), bitcoins (BTC), Litecoin (LTC), fiat (USD/EUR) or indirectly with other coins via Shapeshift. If you have coins other than the aforementioned coins, you can exchange them on Shapeshift for ETH and then use ETH to contribute in the ICO. Please follow our How To Buy guide with further instructions on how to buy EDU tokens.
Can I send ETH, BTC or LTC directly from an exchange?
No. You do not have full control of the wallets on exchanges. You will lose your contribution and get no EDU tokens if you send contributions from an exchange wallet like Coinbase, Kraken, Bitstamp, etc.
What will determine the price of EDU?
The price of EDU will be determined by the cryptocurrency market and developments within the LiveEdu ecosystem.
Who can accept EDU?
EDU is an ERC20 token. Anyone with an ERC20 compatible wallet can accept EDU tokens.
When will EDU be listed on exchanges?
Exact dates will be announced on the official LiveEdu ICO website https://tokensale.liveedu.tv/ after the ICO is closed.
What exchanges will EDU be listed on?
Exact exchanges will be announced on the official LiveEdu ICO website after the ICO is closed. We will apply to be listed on Bittrex, Poloniex, EtherDelta, Liqui, Tidex, Bitfinex, and HitBC.
I want to contribute with coins other than those accepted in the ICO. How can I still contribute?
Use Shapeshift without having to register to instantly convert the coins to BTC or ETH, then make your contribution to the ICO. If you want to contribute a big amount ABOVE $1000, we advise you use a proper exchange (CEX, Bittrex, Poloniex) for safety reasons. Otherwise, you can just wire fiat (USD or EUR) as a last option.
Can I buy more tokens even if I already bought them?
Is it possible to buy a huge amount of EDU tokens before the pre-sale?
Yes, you can buy tokens before the pre-sale officially starts. There is no limit per purchase. Contact us (email@example.com) and we will share the wallet to send your contribution amount to. If you plan on buying a huge amount of tokens we will have a special discount for you.
Is it possible to buy a huge amount of EDU tokens in the pre-sale?
Yes. There is no limit per purchase in the pre-sale. Contact us (firstname.lastname@example.org) and we will share the wallet to send your contribution amount to. If you plan on buying a huge amount of tokens we will have a special discount for you.
Is it possible to buy a huge amount of EDU tokens in the crowdsale?
Yes. There is no limit per purchase in the crowdsale. Contact us (email@example.com) and we will share the wallet to send your contribution amount to. If you plan on buying a huge amount of tokens we will have a special discount for you.
Do you have a Bounty program?
Yes, we have for the pre-sale and actual sale a bounty program. We are running our bounty on Bitcointalk Bounty ANN: https://bitcointalk.org/index.php?topic=2310239.0
Join our bounty program on Bitcointalk and let us tokenize online education.
Why are you not selling ca. 70% of EDU tokens to contributors?
We are selling 50% of tokens in the crowdsale. LiveEdu is a classic marketplace and our ICO token model is similar to that of Civic and Musiconomi. The content creators (streamers) and ecosystem participants (API app developers) need to be allocated EDU tokens for LiveEdu to be successful longterm. Without them creating high quality content and third-party apps, EDU tokens will gain no appreciation.
Are you using a smart contract for the pre-ico phase?
No, a hardware wallet. The smart contract will be used for the main crowdsale and will be released before the main crowdsale starts.
If I buy with fiat (USD or EUR) how will you send me the purchased coins?
After the sale closes, we will send you an email to the email you supplied us when you sent the payment. You will log into your dashboard and enter your ERC20 wallet key. For authentication, you need the know:
a) The payment method you used
b) Same secretkey
c) Email stated on the payment
If you are new to the word of cryptocurrency and never created wallets before, then you can watch a LiveEdu premium project we will give away for free. It will show you step by step how to create an ER20 wallet in less than 30 minutes. You can then create your wallet. Don’t worry about this we will have multiple live streaming sessions on this topic.
Can I pay for my purchase with Paypal?
Yes, send Paypal payment to “firstname.lastname@example.org”. In the purpose field enter a “secretkey” and the phrase “EDU coin purchase”
Who pays for paypal fee?
Sender pay paypal fees. We only count net amounts received.
Will i recieve any confirmation after purchasing via paypal?
Yes! And you will also recieve referal link.
What is a secret key you mentioned in paypal purchase option?
Secret key is a password for us to identify you. It can be anything you want as long as you can remember it. Like your pets name, your date of birth or close one etc.
Is it possible to make purchases in other currencies than USD or EUR?
Yes, you can make purchases in any currency you want. Your bank will automatically do the conversion. All you do is an international wire transfer from your account (currency does not matter) to the crowdsale USD account. When you are sending the international transfer your online banking interface will ask you in which currency the money should be sent, select USD: https://tokensale.liveedu.tv/buy-tokens/how-to-buy-edu-tokens/
USD Payments are to be sent to:
Bank account holder: Livecoding Ltd
Account holder address:
20-22 Wenlock Road, London, N1 7GU
Unter den Linden 13-15
D-10117 Berlin, Germany
Can I make my purchase right now before the official pre-ico starts on Monday, Nov 6?
Yes, if you do you get additional bonus EDU coins. What counts is the date time stamp on which your contribution was sent out.
Are EDU tokens ERC20 tokens?
Will you do Reddit and Youtube AMA?
Yes, is in our plans.
Is it possible to talk on Skype/phone with the LiveEdu team?
Yes, if the amount you planning to invest is at least $5k. Write us an email to email@example.com to organize the call or join us on Telegram group chat.
What is the total EDU token supply?
The total supply is limited by the ether hard cap of $8M. As soon as this is reached the public sale will be closed automatically. This approach avoids minting tokens and then having to burn a ton of tokens like Kick, Tokencard and Etherdesign have to do. Depending on bonuses, we expect it to be ca. 250 million EDU tokens.
Will LiveEdu expand in future to cover more than the 7 topics it is focused on now?
Yes. We are starting with 7 topics, but in future we will open up to more topics.
What makes LiveEdu unique compared to already existing online education sites?
LiveEdu is focused on intermediate to expert educational level, while all existing online sites are focused mostly on beginners. We are focused on the main reason people start learning new skills, namely building a product. We don’t see Coursera/Udemy/Udacity as competitors, but as partners/customers to work with. We plan to syndicate our content to them via our API. They are great for beginners to learn theory and introductory topics. LiveEdu does not provide this, but is focused on teaching people who are above the level of these sites how to build a complete product, e.g a VR Game, an AI Bot, a Bitcoin autotrader. You can describe them as kindergarten and LiveEdu as high school
Is it possible to meet LiveEdu team members in person?
Our team is spread across the US and Europe. Yes, our team will be going to events in next weeks to meet people and present our product vision. We will announce the events on our site. If you are contributing $500k + we will make special arrangement and meet with you.
How many EDU token will I get additional if I refer people to buy EDU tokens through my referrral link?
How can I see my historical transaction for EDU token purchases?
Log into your dashboard on ICO website. There you can see a list of purchases and number EDU tokens.
How are my contributions confirmed for me to be sure everything worked.
We are working on the automation of this on the dashboard. For now we fire every 24hrs manually email confirmations out to inform you that we received it.