FAQ - Hydrocoin

What is HydroCoin?

HydroCoin is a cryptocurrency according to ERC20 standard.

What stands HydroCoin for?

HydroCoin stands for a world of clean energy production.

Why should I buy HydroCoins ?

You get the opportunity to be a part of the futures energy.

How do I buy HydroCoins?

To buy HYC Coin you will need to send a desired amount of ETH to the Ethereum Smart Contract address published on the Buy Token page of this website. Never send ETH to any address other than what we publish on the Buy Token page of this website. We will never publish an Ethereum Smart Contract address on social media outlets such as Telegram, Slack, Twitter, Reddit etc. We will never send you an email with an alternative Ethereum Smart Contract address.

Where can I find the Smart Contract address?

ONLY on our website https://hydrocoin.org/buytoken. NEVER NO WHERE ELSE. Send your ETH from your personal wallet for purchasing HydroCoins to this address. Our Smart Contract receives your funds and send automatically HYC back to your personal wallet. Be sure that your wallet is able to keep ERC20 tokens.

How much gas should be given to purchase HydroCoins (HYC)?

It is recommended to give 90000 gas to purchase HydroCoins. It is possible to reduce this amount. The process of purchasing is a little bit slower then.

Why 1 billion HydroCoins issued ?

HydroCoin is adressing the energy sector worldwide, one of the biggest markets on planet earth.

What does HydroCoin stand for and what is it?

HydroCoin stands for clean energy for a better tomorrow. It is designed to become a currency and a certificate for regenerative fuels and energy.

Where can HydroCoin be used for?

HydroCoin is a cryptocurrency that can be used as a currency for clean energy. It can also be traded on multiple platforms.

Which wallets can be used to store HydroCoins?

To use and store HydroCoin (HYC) a token-enabled Ethereum-wallet is needed. By the end of 2018 we will present a mobile app with NFC-enabled technology to use HYC for purchase of energy and fuel.

What is the price of HydroCoins?

Public presale 1 January 2018 – 31 March 2018
max. 50,000,000 HYC @ 0.0009 ETH incl. 10% bonus

Public Token Sale 1 April 2018 – 30 September 2018
max. 500,000,000 HYC @ 0.001 ETH

HYC Coins will be allocated to buyers on a first-come, first-served basis.

Each buyer will automatically receive an amount of HYC corresponding to the amount of ETH transferred to our Ethereum contract address divided by the ETH sale price.

Please note that HydroCoin reserves the right to amend, at any time, the sales price, number of HYC Coins for sale, and the timing of the sale. Any changes will be announced on our website and official Facebook, LinkedIn and Twitter channels.

Where does HydroCoins value come from?

The value of HYC is represented by available clean fuels. HYC acts like a certificate for 100% regerative fuels and energy.

Am I able to transfer HYCs from my wallet to a peer’s wallet?

Yes, after the ICO has finished.

When does the HydroCoin sale take place?

The HYC presale starts january 1st 2018, 0:00 a.m. UTC +1.

The HYC presale ends on march 31st 24:00 p.m. UTC +1, or until all 50 mio HYC are sold.

The HYC public sale starts april 1st 2018, 0:00 a.m. UTC +1

The HYC public sale ends september 30st 2018, 0:00 p.m. UTC +1, or until all 500 mio HYC are sold.

What is the distribution schedule?

Public token sale 50% of tokens (maximum 500 mln HYC)
Hydrogen Future Foundation 25% of tokens (maximum 250 mln HYC)
HydroCoin Community Growth 15% of tokens (maximum 150 mln HYC)
HydroCoin team 10% of tokens with 12 month lock up (maximum 100 mln HYC)

What problem does HydroCoin try to solve?

HydroCoin is collecting money to support clean production of hydrogen, to prevent the emission of fossil carbon. HydroCoin will built up a world-wide infrastructure to use HYC as a currency for clean fuels. This will help to turn traffic from combustion – engines to clean engines. Decentralized production of hydrogen will solve the problem to provide enough clean hydrogen for world-wide traffic needs.

What is ICO presale / pre-ICO?

ICO presale or also known as pre-ICO, is the token sale event before the official crowdsale or ICO campaign goes live. It is a chance for early investors to place investments with a discount.

What will the ICO be used for?

The HydroCoin ICO will collect money to invest in clean energy developements and the building of an infrastructure for HYC as a worldwide currency for clean fuels and energy.

How can I participate in the HYCs token distribution?

You can participate while buying HYC during the public sale. Later it will be possible to buy HYC on public marketplaces and at gas-stations.

I would like to paticipate in the token sale. How do I proceed?

First you need to make sure, that you own a token-enabled Ethereum-Wallet (e.g. myetherwallet, metamask Chrome-Plugin etc.). Then you need to fund your wallet with ETH. Then you can buy HYC while sending ETH to our contract-adress provided on our official website on www.hydrocoin.org .

What will happen to unsold tokens?

Token that are left from the public sale will be added to the amount of token reserved for sale at gas-stations.

As a contributor, what is my profit? How is it generated?

The marketprice of HYC reflects the demand. If demand is increasing, the price for HYC will raise. The demand for HYC will increase when HYC will become a currency accepted by providers of energy and fuels.

If I purchase the token, what exactly will I own? Is it a share in the company ownership?

After the purchase of HYC you own a currency for clean fuels. Also this token is a certificate for regenerative energy. HYC is not a share of a company.

What is the solution you offer and what is the value you create?

HydroCoin is designed to become a currency for clean energy. It supports the development of technology to produce clean energy. HydroCoin uses Blockchain-technology for the easy purchase of clean fuels at gas-stations and for energy-providers. The value is the increase of demand for this currency.

'All token campaigns projects are scam'. What do you have to say about it?

There might be token campaigns that just want to collect money for the owners.
HydroCoin has a clear vision that is presented in our whitepaper. Almost every cryptocurrency is only backed by the trust into that token. HYC is backed by the technology that produces clean fuels. HYC is designed to become a currency for clean fuels.

What currencies are accepted in the sale?

ETH only. However, if you would like to use Fiat-currency with creditcard or bank-wire, you can use BTCDirect.eu to fund your ETH-wallet with many different payment-options.

When can I get my HydroCoins?

You will receive HYC Coins immediately after the network has confirmed your transfer of ETH to our Ethereum contract address.

You can view your HYC Coins immediately after you have purchased your HYC Coins. To view your HYC Coins, you need to “watch” our HYC Coin token in your Ethereum wallet. This is a standard function of all Ethereum wallets. We will post step-by-step instructions on how to “watch” your tokens on this website. Never transfer ETH from any wallet of an exchange.

When can I trade my HydroCoins?

Once the Public Token Sale is completed (30 September 2018) you may freely transfer your HYC Coins on several exchanges.

How can I see how much ETH has been contributed during the token sale?

We will provide a ticker providing those information on our website kamagra gel.

Are there network fees when transferring HydroCoins?

Yes, the HydroCoin is an ERC20 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 Hydrocoin distribution go?

All proceeds will go into the development of HydroCoin, the support of clean technology to produce hydrogen, and the building up of a world-wide infrastructure for HYC as a currency for clean fuel.

How are the funds secured?

All funds collected during this sale will be deposited in secured multi-sig wallets. Keys to these wallets will be held by several officers and executives of HydroCoin, so that all outgoing transactions will require verification by multiple trusted officers.

What is the Hydrogen Future Foundation and what it it´s role?

The Hydrogen Future Foundation is an independent non-profit organization that will be established in Switzerland.
25% of all HYC will be allocated to the Hydrogen Future Foundation.
The Foundation plays an significant role within the HydroCoin system. It decides what technologies to support, and what partners can qualify to become a HydroCoin – certified provider of clean energy.