FAQ

Dear OnPlace contributors

We would love to share the answers upon some hot questions during the lifetime of our pre-sale preparation

1. WHEN CAN I CONTRIBUTE AND BUY OPL?

Today - isn’t the date when you can contribute, because our pre-sale starts on February 1, 2018 +0 UTC.

The OPL purchase will only be available on February 1, 2018 for all participants!

However, if You have an interest to contribute more than $100k, please let us know the exact amount you would like to contribute. Depending on the amount there is a special participation program!

Please send your inquiry to info@onplace.io

*If the amount of your contribution is less than $100k, we would advise You to wait for the start of the pre-sale.

2. HOW CAN I CONTRIBUTE?

There are two ways of buying OPL tokens during the pre-sale event:

The most convenient way that we can offer is to contribute from your personal account. In the meantime, please make sure that you are registered with civic.

Otherwise, You can participate through classic solutions using MEW (MyEtherWallet) or imToken.

*Please wait for a video instructions email that includes step by step explanations on how to proceed.

3. WHAT IS THE MINIMUM PER 1 CONTRIBUTION?

The minimum investment for OnPlace Pre-sale is 1000$, where:

  • 1 OPL = 0.000142857 ETH
  • 1 OPL= 0,00001336 BTC
  • 1 OPL= 0,00079983 LTC
  • 1 OPL= 0,00008163 BCH

*The above prices are subject to change due to the current exchange rate of listed currencies.

4. EARLY INVESTORS HARD CAP PER 1 CONTRIBUTION:

If You wish to contribute more than $100k, please let us know the amount you would like to contribute. Depending on the amount, there is a special participation program!

We would advise you to write us at info@onplace.io for a personal deal!

5. TOKEN INFORMATION

The total number of issued tokens is 210 000 000 OPLs
The number of OnPlace tokens for pre-sale is 110 000 000 units.
Tokens assigned to marketing, advisors and team are 30 000 000 units.
Tokens reserved for further development of our network infrastructure and for the reserve fund are 70 000 000 units.

In other words:

  • 52,4% - goes to the pre-sale contributors.
  • 14,3% - advertising ,advisors and team.
  • 33,3% - further development and reserve fund.

6. PURPOSE OF A TOKEN:

OPL token which we offer during TGE is a currency. There’s going to be two type of tokens:

  • The first one is a utility token, which is the one that pre-sale participants can purchase on February 1.
    This token will be circulating on different exchanges, it is the domestic currency for the OnPlace ecosystem.

  • The second type of token will be a security token, this token will be backed by shares of private companies.
    The only way to purchase a security token is through OPL.

OnPlace will be the legal private asset holder, and security token holders will be members of participation.

7. WHICH COMPANIES CAN I INVEST IN LATER USING PATS AND OPL TOKENS?

The companies that were mentioned in the whitepaper were just an example.

We mentioned companies like Uber and Xiaomi to be tokenized through PATS protocol, however, as for now, we do not consider Uber and Xiaomi as a companies to be tokenized with PATS protocol. At this point they are already over-capitalized, but we have some interesting options to provide participants with, which are similar to Uber or Xiaomi 3-4 years ago.

8. HOW OnPlace TOKEN HOLDER WILL BENEFIT?

Tokens are tied up to capitalization growth of private shares. There will be different cases with different rules. But for the most part we will hold on to private equity until a major event occurs, for example, the private company goes to IPO, or is being bought out by VC monopolists. That’s when the closing time will occur, payout revenue will be spread among token holders equal to the amount of their tokens.

For those who don’t want to wait for the closing period:
Tokenized shares will be circulating in private Exchange, where you can trade it and come out of the deal earlier.

9. WHEN WILL OPL BE LISTED ON THE EXCHANGES?

We are currently working with several crypto exchange platforms. We will disclose the results with all names of exchanges before the pre-sale ends.

OPL is planned to be exchange listed within a few months after the pre-sale.

Follow our social media to get early updates!

10. WHAT ABOUT THE PREVIOUS ICO?

Our previous ICO has been frozen and pushed back to another date that is coming up soon - February 1-10, 2018. The incentive for that was from Boston’s VC, which we are collaborating with. We have accepted their advice.


Also, please notice that all previous participants have received their refunds back; we’ve provided step by step instructions on how to get the refunds.


You can check it on our previous page - https://bitcointalk.org/index.php?topic=1921504.0

Refund Instruction http://telegra.ph/Refund-Instruction-07-06

11. WHEN IS THE MAIN ICO?

What OnPlace is going to launch now is a pre-sale, and the amount mentioned as a hardcap is more than enough to get things done with the development processes.

We are definitely going to set subsequent stages of attracting the funds, which all of us assume to be the main crowdsale.

However, the main crowdsale surely is not going to be held in a typical way, BUT RATHER OnPlace will offer OPL through smart contracts based on public exchange rates.

At the same time, tokens that we reserve will have a much higher price than those that are offered to our contributors during the upcoming pre-sale.

This will let us attract significantly more investments that are also a response to your interests as earlier investors of the OnPlace project.

12. WHERE IS THE OnPlace TEAM LOCATED?

The headquarters are currently located in the Russian Federation. Within a few months the headquarters will be moved to the United States.
OnPlace is a United States corporation that is registered in Dover, Delaware.

13. ROADMAP

We don’t want to publish dates and milestones of which we are not 100 % sure, some milestones will depend on how much will be collected during the pre-sale.

If we collect a hard cap, then we will reach some milestones much faster.

As soon as we get the investments obtained from the pre-sale, we will provide an updated roadmap regarding the company’s nearest future.

14. RESTRICTIONS

If You are a US or Singapore resident, you have to confirm your accredited investor status.

More details can be found in our Terms docs and in the Accredited investors application.

The pre-sale starts on February 1, 2018 0 UTC and ends on February 10, 2018 or as soon as the hardcap of 15000 ETH is reached!