The sale is conducted in the form of an auction divided into 40 weeks * 7 days = 280 daily stages. Each week it is possible to purchase a maximum of 1.25% of FOUND Coins calculated from the total number of FOUND Coins for sale and that means (1.25 / 7)% = 1.178% FOUND Coins are put for sale daily. If a part of these Coins is not sold on a given day, 50% of the unsold FOUND Coins is irretrievably subjected to the FOUND Coins Burning process, increasing the value of those that have been sold, and the remaining 50% is subject to the Airdrop mechanism, that is giving out additional FOUND Coins to other Investors who have previously auctioned the FOUND Coins.
To participate in Crowdfunding 3.0 you must visit shop.ccfound.com and create an account. Each User creating the User Account shall undergo a verification according to the regulations on counteracting money laundering and terrorist financing as specified on the Platform, which include personal identification, verification, if the natural person is included in sanctions, PEP and Adverse Media lists. Personal identification including photographing an individual’s face and identity document of a particular User is performed by Ondato.
After successful KYC verification, you can proceed to participate in the auction, to do this:
- Log in to your account at shop.ccfound.com
- Go to the Buy tab
- Follow the instructions on the website