FAQ - BIToz Coin

What is a Coin?

A coin is a cryptocurrency unit issued during an ICO. Buying certain amount of tokens allows the investors to crowdfund the project and ICO holders to raise funds.  Every ICO issues a fixed amount of tokens/coins meant to be used as a potential source of profit once it goes on exchanges and/or as the currency used inside the project (purchases, service payments, etc.).

What is an ICO?

ICO stands for "initial coin offering". It is a new form of efficient and easy raising of financial resources. Any individual or a company can crowdfund any project or become an investor. Every ICO has two mandatory attributes – issuance of a fixed amount of the new cryptocurrency unit (coin) dedicated to the ICO and block chain based transactions.

What is a white paper?

A white paper is a summary report that provides detailed information about the project, its originality and the benefits it can give to the investors and the users of the final product, technological features, team behind the project, project's background and future plans.

What are the risks of contributing to an ICO?

When you contribute to an ICO, there is never a guarantee that the product whose coins you’re buying will succeed, either with their ICO or in their future development. Like any crowdfunding campaign, people should think of contributing as a donation to a project in support of its potential development, and the tokens as  a kind of reward for your support. However, in the case of an ICO campaign, your reward (coins/tokens) has the potential to increase in value once the tokens are released and available on exchanges. Bottom line, each particular ICO also has their own terms and conditions for contributing, so be sure to check those out before  donating.

How much will BTZ cost during ICO?

During ICO, BTZ cost will be as follows:
  • 1st Feb to 15th March @ $0.02/coin
  • 16th March to 30th Apr @ $0.03/coin

Where do I get BIToz coins?

You will be able to get coins after the start of the ICO - on the 1st of Feb 2018. To get your BTZs, you have to open an account at https://www.bitozcoin.com. You can sign up here. Don’t forget to fund your wallet in advance!

Which currencies can be used to buy BIToz coins?

You can buy BIToz coin with Bitcoin and fiat (USD) currencies.

How I will buy my BIToz coin after bitcoin transfer?

After Login at https://www.bitozcoin.com, you need to deposit bitcoin by clicking on link “Deposit Fund”. After 2-3 hours of wait time, your balance will appear in “Buy BIToz Coin” link, from here you can buy BIToz coin unit.

Where would my BIToz coin store?

Right now BIToz coin store as a unit in https://www.bitozcoin.com website. After listing on exchange, we will transfer coins to block chain wallet. 

How I will get my referral payout payment?

You can earn 5% referral in the form of BIToz coin.  I cannot login because my password is incorrect.

What can I do?

If you have forgotten your password or password is incorrect, go through Forgot Password link to get your password.

Are there any geo restrictions?

At the moment, BIToz coin services will not be available for citizens of the United States of America due to local regulation. BIToz, as a block chain, does not have any other geo restrictions.

What are exchanges?

An exchange is a platform on which one cryptocurrency or token can be sold or bought for another cryptocurrency or token at current price. Some of exchanges allow buying or selling crypto currencies using fiat money (USD, EUR, RUB, etc.).

On which exchanges will BTZ be listed?

We are in talks with various exchanges and will update again.

When will BIToz coin be listed on exchanges?

It will be listed on exchanges after the ICO.