The Blockchain Money Company
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TOKEN SALE TERMS:ICO START: 20 DECEMBER 2017
ICO END: 19 JANUARY 2018 (or when hard cap is reached)
SOFT CAP: 5,000,000 NOKU sold
HARD CAP: 15,000,000 NOKU sold
TOKEN: NOKU
TOKEN LISTING DATE: 22 JANUARY 2018
EXCHANGE: The Rock TradingNoku SynopsisThe Noku GoalOur mission is to connect crypto economy to real life. We focus on creating products and services that help people to save, spend and invest value in the "real" world, while still enjoying the advantages of crypto technologies.
Our first three products will be:- Buy-Back Tokens
- Custom Tokens
- One-Time Utility Tokens
Buy-Back TokensPreserve your value in CryptosOur first product will be a token that we sell for 1 EUR (plus transaction cost) and which we then buy-back for 1 EUR (minus transaction cost) should the customer wish to sell back to the Noku Company.
A series of tokens will follow. For example it will be possible for Noku to release: 1 GBPN for 1 GBP, or 1 CHFN for 1 CHF.
If a customer wants to buy a “Buy-Back Token”, he has to register for a Noku account and do the KYC procedure. The token (not the customer) has Buy-Back right with the Noku Company. However, if a customer wants to sell a Buy-Back Token, they must have a registered Noku account, or register a Noku account with KYC procedure. If a customer does not comply with the KYC/AML Noku procedure, they cannot buy or sell Buy-Back Token from/to the Noku Company. Only Noku Company can sell or buy Noku Buy-Back Token.
We believe that people deserve fast and reliable service all over the world.
We think that Buy-Back Tokens will be useful for several reasons:
1) PaymentsNoku Buy-Back Tokens can be used for payments with an equivalent value
in Fiat Currency (as long as it’s digital), meaning it can also be used in a
smart contract.
2) SavingsYou can store value with a token that can be sell-back for fiat currency,
without ever needing to exit the crypto world.
3) TradingYou can add a pegged digital currency to your trading system and balance
your fiat and cryptocurrencies in real-time without leaving the digital world
and without sending your private keys to third parties.
Custom TokensCreate your token without writing codeWith a Noku Account, you can use the Noku Platform to create your own tokens. These can be used for several activities:
• International Remittance
• Complimentary Currency
• B2B Payments
• Bill payments
• Manage Points
• Gift Cards
• Voucher / Coupon
• Gamification
• … and anything else people may need
Regardless of who our customers are and what are they need, we provide a powerful and flexible solution to manage their communities, giving them a reliable network that transmits value and trust.
With Noku Platform, customers will be able to create, move or burn their own tokens. A token can be anything a community decides.
All the tokens created through the Noku Platform are automatically recognized by the Noku wallets (both the web and apps versions). This gives customers a holistic solution without the need to write code or buy servers.
Advanced services will be available in the near future, such as white labeling platforms or wallets. Noku tokens will be ERC20 token compliant. At this time Ethereum is the
most reliable platform for smart contracts and token creation, but our research department will continue to closely study progress in other technologies such as Bitcoin Lighting Network, Rootstock, BitShares, Waves, Nxt and whatever else might help people to more easily distribute value and trust. We will develop user-friendly platform to give our customers the best and most powerful solutions and we will release clearing rooms to make our platform compatible for a multi-blockchain network.
At no time, during any procedure, Noku Company store the private keys of the customer’s tokens.One-Time Utility Token: Noku Master TokenSome of the Noku ecosystem services are free (like the web wallet and app wallet). Other services (like creating tokens or white labelling a wallet) require payment.
All fees are payed with the Noku Master Token.
This is a one-time utility token. It can be pre-purchased with a cash discount, or exchanged in the market and can be used once in the Noku Platform. This means that when a Noku token is spent on the Noku Platform, Noku Company will not sell back it to the market.
Noku fees are published on a monthly basis and may be calculated as a percentage of a transaction, as a fixed value or as a monthly fee.
Noku services can be paid only with Noku Master Token.
Noku ICOThe Noku Master Token will be available for pre-sale at an ICO event (or TGE event - Token Generation Event). The pre-sale allows Noku to collect value to develop all the services described in the roadmap.
The ICO is not allowed for citizens of following countries: USA, China, Canada, Israel, South Korea and Vietnam. During the online procedure, investors are responsible for determining their eligibility to invest.
At the Initially Coin Offering (ICO), Noku Company will pre-sale a maximum of 15% of the total amount of Noku Master Token, which will be fixed at 100MLN, so the ICO will have a maximum cap of 15MLN of Noku Master Token offered. The rest of the tokens (and the unsold tokens) will be preserved in the Noku Reserve locked and released in twenty years, at the percentage of 5% per year.
The value of the Noku Master Token will be officialized 24 hours before the start of the ICO.
There will be a Pre-Sale ICO for Early Investors (Family, Friends and Innovators) at a discounted price (less than ICO price) using Reservation Contracts.
Zero Tokens will be reserved for founders, advisors, or developers.
The ICO has a target of 15.000.000 NOKU as a maximum cap.
The ICO has a Soft Cap and an Hard Cap with the following structured:
- Soft Cap is equal to 5.000.0000 NOKU sold
- Hard Cap is equal to 15.000.000 NOKU sold
It will be possible to participate to the Initial Coin Offering by donating either Ethereum, Bitcoin, Litecoin or Dash. Those not donating with ETH will also be asked to provide the Ethereum address at which they would receive the NOKU Master Tokens. At this point we will reminder contributors that we are not responsible for mistaken addresses. We will also take this moment to remind them that it will only be possible to contribute by sending Ethereum from a wallet of which the contributor holds the private key, and that it will not be possible to contribute by sending Ethereum from exchanges.
If the soft cap is not reached, the total amount of all donations received will be returned.
The minimum amount of ETH to donate during the ICO is 1 ETH / per person and the maximum amount is 1000 ETH / per person.
The tokens sold during the initial coin offering will be part of the maximum amount of 100.000.000, meaning that after the ICO (and considering that all the initial tokens will be go sold), there will still be 85.000.000 available.
The amount of 85.000.000 of tokens is locked and only the 5% of 85.000.000 will be unlocked at the beginning of each year after the first (January 1 of the following year). The first year (2018) this percentage will be unlocked at the end of the ICO to guarantee that all the services associated with the NOKU Platform will be fully functional through the use of NOKU tokens as payment.
Thus the maximum number of tokens in circulation in 2018 will be limited to 15.000.000 + 4.250.000 for a total supply of 19.250.000 NOKU circulation.
If some tokens still haven’t been sold by the end of the ICO, the remaining tokens will be locked along with the other tokens stored by the Company.
F.A.Q.This post will evolve constantly as new questions come up. If you have a question, go ahead and ask here, on our
Telegram Group.Questions will be added to this post.
What’s the Noku’s pay-off? What’s the deal for Noku? Or What’s the Noku’s pay-off? In the beginning the Noku’s profit comes from change FIAT’s money in crypto (pegged token) later on change crypto in physical assets. In addition some services will be implemented and its won’t be free but a monthly subscription will be needed (probably normal subscription and premium subscription). All these new services will be payable only by NOKU (the master token)
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