Token Sale Mania is getting very hot since the bullish trend of the crypto world is going on. Everyone loves to multiply their investments to yield the best return. However, some platforms might manipulate the greedy desire to fraud token sale participants. Therefore, the need for a trusted platform is as urgent as ever.Coinlist has been very successful as it launched numerous new and potential projects such as Solana, Near, Algorand, etc with hundreds of thousand participants on the line when IDO launched. Umee is a new emerging gem since it aims to interconnect blockchains to create a cross-chain DeFi ecosystem.
So let’s explore Coinlist and how to participate in the Umee Token Sale!
- What is Coinlist?
- Coinlist Review - Is Coinlist safe?
- Are Token Sales on Coinlist good investments?
- How to register an account on Coinlist
- How to buy Token Sale on Coinlist
- What are the fees on Coinlist?
- What else can we do on Coinlist?
- Is Coinlist legitimate?
- Where to trade tokens after the token sale purchase?
- Does Coinlist have its own token?
- Can we participate without KYC?
- How does the Token Sale on Coinlist work?
What is Coinlist?
Coinlist is one of the most popular launching platforms that accelerates new projects with successful fund-raising goals. It helps new users to participate in funding projects that are looking for public support.
Coinlist was founded by the Conlist Markets LLC company based in California, United States. Therefore, Coinlist is regulated by the US authorities.
Coinlist has developed a Bank Secrecy Act and Anti-Money Laundering Compliance Program ("BSA/AML Program") to protect participants as well as other sides. Therefore, most token sales on Coinlist are transparent and reliable.
Coinlist Review - Is Coinlist safe?
Are Token Sales on Coinlist good investments?
If we’re lucky to get a token allocation, in the short term we can experience some unrealized losses. However, in the long term, the investments of projects on Coinlist are possibly profitable.
If we are not lucky to get allocated tokens, we can patiently wait for the correction of the token price then we make the investment. As we can see, Coinlist has successfully launched Solana with the ROI over 250x, Flow over 430x, and Casper over 650x. They are all very impressive numbers that rarely can other launching platforms do.
Every blockchain project launched on Coinlist yields incredibly great results. The upcoming blockchain project is the Umee blockchain platform with PoS (Proof of Stake) consensus. We will discuss about how to participate in the Umee token sale on Coinlist in this article.
How to register an account on Coinlist
Step 1: Coinlist Account Registration
To register a Coinlist account go to: https://coinlist.co/
Fill in the required information: Name, Email Address, Password, and check Captcha. Then click Create Account.
Check your mailbox then verify your email.
You’ve successfully registered a Coinlist account. Coinlist is available on both mobile platforms iOS and Android.
Step 2: Verify your identity - KYC
KYC (Know Your Customer) is the process that the service provider collects the identity data of the customer to eliminate unqualified customers. The eliminating criteria depend on the service provider according to their standards.
To KYC on Coinlist, you can follow the steps:
Go to the menu panel on Coinlist then select Wallet then click Verify.
In the KYC process, you need to provide your identity card or passport for Coinlist to check your identity to be valid. It often takes 1-5 days to complete the KYC process. Coinlist will write detailed instructions if you are not completed at any step.
To buy tokens on Coinlist, you need to deposit your crypto assets to the platform. In the tab Wallet, you click the type of token you prefer to Deposit.
Double-check your preferred crypto asset to deposit then click I Understand to proceed to the next step.
Send your crypto to your Coinlist address, and remember:
- Send correct crypto assets to the correct address on the correct blockchain.
- Ensure the minimum gas fee.
How to buy Token Sale on Coinlist
In the Coinlist dashboard, we can see the list of ongoing token sales. In this tutorial, we will choose the newest token sale which is Umee Token Sale as an example. In general, token sales on Coinlist are quite similar.
Umee is a cross-chain DeFi hub built on top of Cosmos that has its own Proof-of-Stake consensus. The Umee goal is to interconnect blockchains that are available in the crypto world to aggregate liquidity and transfer crypto assets among blockchains.
Read more: All About UMEE Token
Umee is going to have a UMEE token sale on Coinlist. In the following sections, we will walk you through the token sale step by step.
Prerequisites for Token Sale participation
Umee token sale on Coin List is now open for registration and the detail as follows:
- The registration deadline is on Nov 28th at 23:59 UTC.
- Payment: USDT, USDC, ETH, BTC.
- Payment will be displayed once the Sale Period starts:
UMEE Sale Period: (Dec 1st, 17:00 UTC to Dec 7th, 23:59 UTC) you have to complete the purchase in the defined period.
- There are 2 options for buying UMEE and you can register one or both if preferred.
UMEE Token Sale Information
- Price: $0.06 per UMEE token.
- Sale Period: Dec 1st 17:00 UTC to Dec 7th 23:59 UTC.
- Supply for Sale: 3% (300M UMEE)
- Purchase Limits: $100 min, $500 max.
- Vesting Period: 2-month cliff then 10-month release starts on or around Feb 15th, 2022.
- Price: $0.07 per UMEE token.
- Sale Period: Dec 1st 23:00 UTC to Dec 7th 23:59 UTC.
- Supply for Sale: 2% (200M UMEE)
- Purchase Limits: $100 min, $500 max.
- Vesting Period: 2-month cliff then 8-month release starts on or around Feb 15th, 2022.
Note: Participants can register both options.
Buy Token Sale
To register for the UMEE token sale, go to: https://coinlist.co/umee
Step 1: Click Register Now.
Click Register Now in one of 2 available options.
Click Get started if you’re eligible to participate.
Select your participant entity then click Continue with.
Select your country of residence, check the confirmation box then click Continue.
Complete the qualification quiz as follows then click Continue.
You’ve successfully registered UMEE Token Sale Option 1. Coinlist will display the token sale timeline for users’ convenience. Then you can register the token sale Option 2 if preferred.
Disclaimer: Token Sale is a fund-raising method that has the potential of losing your investment. Therefore, be responsible for funds and consider carefully before making any investment decision.
What are the fees on Coinlist?
- Deposit fee: Coinlist charges nothing.
- Withdrawal fee: Relatively high, 2-3 times more than the usual token transaction fee.
- Token Sale Purchase fee: Coinlist charges nothing additional.
- Trading fees: 0.5% per trade.
What else can we do on Coinlist?
Besides supporting new projects by launching token sales, Coinlist allows users to trade tokens and stake tokens natively on its platform. The staking APY of tokens on Coin List is often up to 32%.
Is Coinlist legitimate?
Coinlist is founded by a US-based company that often launches big crypto projects with high quality. The Return on Investment on Coinlist is very impressive. Furthermore, the platform allows users to buy listed tokens by USDT, USDC, BTC, and ETH.
Where to trade tokens after the token sale purchase?
Users can buy/sell tokens directly on Coin List or transfer them to other exchange platforms.
Does Coinlist have its own token?
For now, Coinlist has not released its token yet. However, in our opinion, the chance of a token release from Coinlist is high since the platform has gained a considerable amount of attention from the community.
Can we participate without KYC?
KYC is required since Coinlist is based in the United States. Coinlist has to comply with existing laws and the BSA/AML Program.
How does the Token Sale on Coinlist work?
Participants who successfully registered will receive a unique link via email to enter the queue before the start of the Umee Token Sale. All participants will arrive in a waiting room then they are assigned random places once the sale starts. Participants who arrive later will be less prioritized in the line.
Coinlist is a well-known launching platform that has successfully launched countless potential projects. In particular, multiple blockchain platforms were launched on Coinlist. Therefore, Umee will be strongly leveraged by Coinlist and the crypto community.
And that is all you need to know about Coinlist and how to participate in token Sale on Coinlist. Hopefully, this article can help you get the token allocation on Coinlist.
If there are any questions, please feel free to comment below or join Coin98 Community for further discussions about crypto!