The Profile Utility Token (PUT) is built on the Qtum protocol, and is a unit of exchange in a new Blockchain based digital profiling system. Personal profile usage is anonymously monitored in the Robin8 App and consumers and publishers are incentivized accordingly with PUTs. Consumers also get a share of PUTs for participating.
What do PUTs represent?
PUTs are tokens intended to be used solely on the Robin8 Platform, which is a new Blockchain and profile-based social advertising platform.
What is the total amount required? What is the cap on PUT? Will there be a follow-on sale?
The Foundation is targeting a soft cap of US$10 million, which is the amount calculated to achieve its objectives. There is an additional US$10 million for a hard cap of US$20 million.
How will the Foundation use the proceeds of the PUT token launch?
The proceeds in the crowd sale will be applied by the Foundation towards its objectives, namely to create a fair, transparent, secure and efficient decentralised solution for publishers, advertisers, influencers and consumers, through the Blockchain-based Robin8 Platform.
How will the Foundation store PUT?
The Foundation will use the standard QTUM multi-signature wallet.
Are PUTs transferable?
PUT sold at the crowd sale are immediately transferable. PUT used in the App may only be donated or used to pay influencers or publishers for premium content or for other services. PUT may also be used by publishers for promotions.
Who is eligible?
Citizens and residents of Mainland China, Singapore, and the United States are not allowed to participate in the Public Stage of the PUT distribution. There is no restriction for citizens and residents of other countries.
How can I participate in the pre-sale?
To participate in the pre-sale you must complete and pass the KYC accreditation. To do this, please sign up for the KYC in the 'Participate' tab. If you have any technical issues please reach out to us on Telegram and we will assist you immediately. After your accreditation is approved, a member of our team will discuss the pre-sale agreement and schedule with you.
What payment methods do you accept?
QTUM, BTC and ETH will be accepted in the pre sale and crowd sale.
What is the price of PUT?
PUT will be a fixed ratio to QTUM. This may vary (depending on the volatility of QTUM) closer to the contract deployment date. The exchange rate will be published a week before the ICO.
Are you a Chinese company?
No, we are a US company. We have a JV in China and a local company to operate in China. The Robin8 Blockchain project is a Singapore company.