What is the Mission of the Warrantoken Project?
The mission of the Warrantoken project is to secure property rights for people worldwide.
Who is building the Warrantoken software?
What features, uses or attributes do WTK Tokens have? Can the WTK Tokens be used on a blockchain adopting the Warrantoken Software?
The WTK Tokens do not have any rights, uses, purpose, attributes, functionalities or features, express or implied, including, without limitation, any uses, purpose, attributes, functionalities or features on the Warrantoken Platform.
What is Warrantoken software?
Warrantoken is a software protocol for automating and securing warranties, consisting of the Warrantoken smart contract, the WTK tokens, and the Warrantoken Mobile Application. Warrantoken aims to reduce the $400 Billion lost due to online fraud and $7.5 Trillion spent on customer service annually. For more information, please read the Technical Whitepaper
What are WTK tokens?
WTK tokens are ERC-20 compatible tokens distributed on the Ethereum blockchain pursuant to a related ERC-20 smart contract (the “WTK Tokens”).
Was there any WTK Token pre-sale or ways to obtain WTK Tokens prior to the commencement of the WTK Token distribution?
Why are Reward Tokens being reserved for UNIVEC FOUNDATION?
Reward tokens were allocated to
How can I see how much ETH has been contributed during a specific period of the WTK Token distribution?
The amount of ETH received during each current period will be displayed on the Warrantoken website.
Are WTK Tokens transferable?
While UNIVEC FOUNDATION will not be involved in any way in the transferability of the WTK Tokens, it is possible that WTK Tokens could be transferred on a peer-to-peer basis or on platforms operated by 3rd parties during the WTK Token distribution period. WTK Tokens will become fixed (non-transferable) on the Ethereum blockchain within 23 hours after the end of the WTK Token distribution period which will occur on January 1, 2019.
What happens if I can’t contribute ETH or don’t receive my WTK Tokens?
The WTK Token distribution contract, WTK Token smart contract and the WTK Tokens are being provided on an “as is” and “as available” basis without representations, warranties, promises or guarantees whatsoever of any kind made by UNIVEC FOUNDATION. Prior to purchasing WTK Tokens, you should ensure that you carry out your own examination and investigation and carefully review in their entirety the risks associated with purchasing WTK Tokens as set forth in the Purchase Agreement. Purchases of WTK Tokens are non-refundable and purchases cannot be cancelled. Under no circumstances will you be entitled to receive money or compensation for any WTK Tokens purchased or your inability to purchase WTK Tokens.
How can I participate in the Warrantoken distribution?
To participate in the WTK Token distribution, you will need an Ethereum compatible wallet or an application where you and only you hold the private keys. Private keys are needed to correctly interact with smart contract functions, like transferring cryptographic tokens. Do not send ether (“ETH”) directly from cryptocurrency exchanges, only an ETH compatible wallet.
Why can’t U.S. citizens, residents or entities purchase WTK Tokens?
It was decided that U.S. citizens, residents and entities should be excluded from purchasing WTK Tokens in the token distribution because of some of the logistical challenges associated with differing regulations in the many states of the United States of America.
Are there network fees when transferring WTK Tokens?
Yes, the WTK Token is an ERC-20 compatible token; therefore, transfers will be subject to ETH gas fees like all other transactions on the Ethereum network.
Where do the proceeds from the WTK Token distribution go?
Proceeds from the WTK Token distribution will be the revenue of UNIVEC FOUNDATION.
What does UNIVEC FOUNDATION plan to use proceeds from the WTK Token distribution for?
As a private company, proceeds of the WTK Token distribution will be utilized by UNIVEC FOUNDATION in its sole discretion. UNIVEC FOUNDATION intends to use certain of the proceeds for general administration and operating expenses, as well as for business development.