What is an ICO?

The term ICO is short for Initial Coin Offering. An ICO is a common method of crowd-funding used by many cryptocurrency companies to raise capital for their project. In return, participants often receive a token or new form of cryptocurrency often at a discounted rate. This form of capital raising provides participants with an opportunity to profit if the ICO’s product becomes a success.

Can I invest using fiat?

No. During the ICO process, we will only be accepting Ethereum (ETH).

When will CGT be distributed?

CGT will be distributed to our investors’ Ethereum wallets automatically via smart contract.

Where is Coingrid based and under which jurisdiction?

We are based in New Zealand. We aim to be compliant and abide by all applicable rules and regulations implemented by New Zealand legislation.

When does the ICO start and finish?

The public sale of CGT begins 23rd November 2018 12:00AM NZST and ends on 22nd of June 2018 12:00AM NZST, or when the hard cap is reached.

What is the soft cap / hard cap of the ICO?

The soft cap is 10,000,000 CGT and the hard cap is 70,000,000 CGT.

What if the soft cap is not reached?

If the soft cap is not reached, we plan to convert our exchange project into a cryptocurrency brokerage platform.

What happens to any unsold CGT?

Unsold CGT will be destroyed.

Is CGT a token or a coin?

CGT is an ERC20 token.

What happens to CGT that I received if soft cap is not reached?

CGT will still operate as a utility token. Users will need to hold CGT in order to use our brokerage services and fees would be deducted from any transaction made.

Do participants get a refund if the soft cap is not reached?

If we do not reach our soft cap, we will convert our project and use any Ethereum raised to develop a cryptocurrency brokerage. No Ethereum will be returned to participants of our ICO.