FAQ – Our ever-growing collection of answers to commonly asked questions

Below we have answered the most frequent questions regarding our company, products, services, as well as those concerning our ICO and fundraising. If you can’t find the information you are looking for, please contact us!

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Frequently Asked Questions

How can I participate in the ICO?

First, you need to apply to be whitelisted. Once we have checked that we’re allowed to make you an offer, you will be invited to our “data room” where you find all relevant information to make an informed investment decision. And from there, you will be able to commit to investing in TEM tokens.

Who is eligible to participate in the ICO?  Why do I have to apply for whitelisting?

We will always operate within the rules of each jurisdiction. In many jurisdictions, regulations are very clear, in others they are less so. That’s also one of the reasons why we can’t offer our tokens to persons of certain jurisdictions. Please refer to our whitelisting process, if you are interested in finding out if you qualify to receive an offer from us.

When does the whitelist application process open?

It is open right now: https://sale.tokenestate.io

Where is the prospectus available?

It will be accessible in the “data room” that we open up to whitelisted investors.

when can I access the “Data Room”?

We will notify all our whitelisted investors by email.

What’s in the prospectus?

All terms and conditions, pricing, discounts plus all data necessary to allow an interested party to make an informed investment decision.

Will investors have to go through KYC/AML?

Yes, financial market regulations require us to perform KYC/AML on all our investors (even before showing you our Prospectus, we will first have to make sure that we are allowed to make you an offer).

Which exchanges have confirmed listing?

We will announce any and all confirmed exchange listings in due course.

What technology do you use?

TEM tokens are ERC20 tokens based on the Ethereum blockchain.

Has your token / smart contract been audited?

Yes, we’ve had a third party do a full audit of the contract. They found no issues.

What stage is the project in right now?

As of today, we have the business planning done, and we are raising funds to be able to make our vision come alive.
Our engineers and product developers are working on the smart contracts and the alpha version of our platform.

What happens if you miss any of your milestones?

Any hold-up will be thoroughly reviewed by our directors, and we will decide on a case-by-case basis what the best action is. In any case, we will always inform you, our investors and partners, with utmost transparency and timeliness.

Are you incorporated? Where are you incorporated?

Tokenestate.io is operated by the Tokenestate SA, incorporated in Switzerland. You can check in the trade registry of the Canton of Neuchatel.

What’s so special about Switzerland?

Switzerland is a very blockchain friendly jurisdiction, it’s a well established hub of the global financial economy, a great pool of talent and a fantastic place to live.

Will you open offices in other countries?

Eventually, we will. But it’s too early to say where we will go first.

Have you already received a licence?

As of today, we have not yet applied for a securities trading license. To issue our own TEM tokens, we do not need a license – we have to issue a Prospectus.

What about all those regulations? Is your business legal?

We will always operate within the rules of each jurisdiction. In many jurisdictions, regulations are very clear, in others they are less so. That’s also one of the reasons why we can’t offer our tokens to persons of certain jurisdictions. Please refer to our whitelisting process, if you are interested in finding out if you qualify to receive an offer from us.

What license do you need to issue RETOs?

There are different licenses available in Switzerland. In a first step, we will apply for a securities trading license, which allows us to issue securities for third parties.

Later on we might apply for similar licenses in other jurisdictions.

When will you get these licenses?

We plan to get the Swiss securities trading license by Q1/2019.

Who is your auditor? Who audits your books?

We have retained the services of BDO Switzerland to audit Tokenestate.io accounts, and the application of our Ethics Chart. With over 67’000 employees and a presence in 158 countries, BDO is recognized as one of the world’s leading audit firms, committed to the highest level of compliance with both internal policies and external laws and regulations.

Tokenestate.io employees are committed to the highest standards of governance and are all Swiss-based professionals. Tokenestate.io employees have the fiduciary responsibility to act in the best interests of their shareholders and tokenholders.

We are by law obliged to protect the economic interests of the company and its shareholders. Our finances are audited yearly by BDO Switzerland. Additionally, as soon as we are issued the security trading license in Switzerland, we will be closely monitored by FINMA (the Swiss financial market supervision authority).

Will the audit reports be public?

The report by the audit company will be available to our shareholders, and it will be copied to the regulation authority.

How do you monetize?

Tokenestate.io has two main revenue streams:

  • A percentage of up to 5% on the funds we help to raise by launching real estate tokens (RETO), as part of our T-a-a-S – Tokenization-as-a-Service activities.
  • A small percentage of the yearly performance of the tokenized funds on offer
How are founders and employees incentivized?

As in any healthy company, we all rally for our mission and thrive on the positive atmosphere in the team.

Founders and employees will be allocated TEM tokens vesting over a period of 36 months (3 years) when the ICO is over. They will benefit financially from the company’s long term success.

And we get free coffee at FONGIT, where our office is 😉

How many software developers are on your team?

We have on our team 5 experienced developers, in particular in the field of smart contract and solidity developments. Our TEM token smart contract has been developed internally and its source code can be accessed here.

Are you hiring?

You can find all open positions on our “Jobs” page, and if nothing suits you, feel free to send us a spontaneous application – we’re always interested to get to know people!