Follow this simple step-by-step guide to participate in the Fast Invest ICO that opens December 4th, 2017 and ends January 31st, 2018. Please make sure you also read our whitepaper to understand the full offer and ICO terms.
Feeling confused? Don’t worry. Here are some general, frequently asked questions to get you up to speed.
Who can participate in this ICO?
Anyone with an internet connection and the required funds will be able to participate in our ICO. There are no restrictions and no client identification required.
What do I need to invest?
To be able to participate in the Fast Invest token sale, you need to purchase a minimum of 1000 Fast Invest tokens, where the token ratio is 1000 FIT = 1 ETH. If you are an early investor, you will benefit from a 20% discount, where the token ratio is 1200 FIT = 1 ETH. You will also need an ether digital wallet that you control where you will receive the FIT tokens.
Which cryptocurrencies do I need to invest?
Please note that ether is the only cryptocurrency that will be accepted during the ICO. You may send ether coins as many times as you want during the time when the ICO will be open - from December 4th, 2017 to January 31st, 2018. If this is your first ICO, remember to purchase your ether coins well in advance because it takes several days for the transaction to be processed.
Can I invest with cash or credit card?
We will only accept contributions in ether. This means you won’t be able to invest using cash, a credit card or bank transfer. However, you can purchase ether on an exchange platform that accepts one of these payment methods, such as Cex.io, and then use the ether coins to participate in our ICO.
What is an ETH wallet and why do I need one?
FIT smart tokens are ERC20 tokens built on the public Ethereum blockchain. When the ICO ends, the smart contract will automatically send FIT tokens to the address that you have used to invest in the ICO. In order to receive and have control over the FIT tokens we send you, you need to have a digital wallet that supports ERC20 tokens.
What is the minimum I can invest?
There is no minimum amount of contribution, and you can send coins in individual transactions as many times as you like.
How many Fast Invest Tokens will I get?
The amount of Fast Invest tokens (FIT) you receive will depend on when you invest. Until the soft cap is reached, FIT tokens will be distributed with a discounted structure, granting contributors 20% bonus tokens. Fast Invest token ratio is 1000 FIT = 1 ETH. The delivery of FIT from the smart contract will occur immediately after the ETH is received. The FIT will be traded and exchangeable once the token sale has ended. We expect FIT to be traded on major exchanges in June 2018.
Are there any benefits for early investors?
Yes. We have singled out 6 reasons why it’s worth becoming an FIT holder in general and as well as some added benefits for early investors.
- A limited number of token holders will become Fast Invest crypto-account users.
- Members will have access to all crypto services on the same platform.
- Members will be able to exchange cryptocurrency to other digital or fiat currency, using a web or mobile app.
- We guarantee complete transparency of client data and transactions.
- Fast Invest tokens will be traded on global exchanges.
- No client identification required.
The Fast Invest community has a limited membership. Only the first 1000 investors will be awarded the Fast Invest Special Edition payment cards and only crypto-community members will have access to every crypto product, presented in our whitepaper.
Step 1: Set up your digital wallet
Like most of the ICOs, Fast Invest ICO is based on the Ethereum blockchain technology and uses ether, Ethereum’s native cryptocurrency, as the payment method. In order to participate in our ICO, you will first need to set up your Ethereum wallet. While there are plenty of options out there, you need a digital wallet that supports ERC20 tokens. We recommend the following Ethereum wallets:
- MyEtherWallet (no download needed)
- MetaMask (Firefox and Chrome browser add-on)
- Mist (Desktop)
- Parity (Desktop)
- imToken (iPhone)
- imToken (Android)
Ensure you follow all the instructions to the letter. Remember, the personal keys that are generated for your wallet cannot be recovered! Make a backup, do not share your personal key with anyone and don’t lose it!
Step 2: Register with a cryptocurrency exchange and purchase your ether
You cannot participate in this ICO with a fiat currency or bitcoin. So the next step is to buy some ether (unless you already have some, in which case, you can skip this step). To purchase ether, register with a reputable cryptocurrency exchange -- there are many of them out there: Coinbase, Kraken, Bitfinex, Bittrex, and many more. Note that different exchanges offer different exchange rates, so pick the best offer available at the time of purchase.
Once you select the online exchange, hook up your bank account and make a transfer to the account you’ve created on the exchange platform. Keep in mind that the registration process and the bank transaction will take some time to be processed, so try to do it in advance to be ready before the ICO launches.
Step 3: Transfer your ether to the digital wallet
After you purchase ether, you need to send it to your digital wallet. It’s a crucial step in preparation to participate in any ICO. If you send crypto coins to an ICO address from an exchange wallet, the tokens that are sent back in return won’t belong to you -- they’ll be the property of the exchange platform. And that’s basically the equal to losing your investment.
Ensure you send the ether coins to your Ethereum wallet before participating in our ICO.
Step 4: Go to the ICO site
It’s time to take real action! Head to our ICO page to refresh your memory about our offering, give the whitepaper another glance and check any other information you need.
This is where you will find the target address where to send your ether. Please note that the ICO address will be available ONLY on the official Fast Invest ICO page. If you come across a target address that implies to be the official Fast Invest ICO address posted on any other site, do not send your crypto coins! Beware of scammers preying on less experienced crypto investors.
There is no minimum amount of contribution, so you can send as much or as little as you can afford. You can also contribute multiple times if you want to.
Click “Contribute” and note down the target address on our official ICO page, then go back to your digital wallet.
Step 5: Send ether from your digital wallet
Paste the ICO target address into “The Address” field, type in the amount of ether you want to contribute, click “Generate transaction” and then “Send transaction”! You have just officially contributed to the Fast Invest ICO!
Step 6: Secure Your Tokens
Once you send your ether, the smart contract will immediately send you the FIT tokens. It’s important to transfer the tokens to a more secure wallet to protect yourself from hackers. See our comprehensive cryptocurrency wallet guide to explore your options.