FAQ

What is This? | What is BitChord? | How does this work?

This is a token sale to fund the build of the BitChord Platform.

BitChor is creating a Global Blockchain-based platform to give guitar players unprecedented control over how they engage with their audiences as well as manage and earn from their content. The zero-fee platform will be the first-of-its-kind, fully integrated blockchain based solution that serves as the backbone for guitar players in the way they share, sell and have their content rated.

To purchase tokens and contribute to the music blockchain revolution register here. For a more lengthy description please read our White Paper.

The tokens will be able to be traded on the open exchanges at the end of the token sale just like any other utility tokens or crypto currency.

How do I purchase Tokens? | How do I participate?

Visit bitchord.io and click the purchase button to register and purchase tokens. Follow the instructions. We accept Ethereum with no minimum on deposit.

Is there a minimum number of tokens I must buy for the crowdsale?

There is no minimum threshold for purchasing tokens.

Can I purchase music equipment with the BitChord coin? What are the tokens for?

We are working on it. After the launch of the BitChord platform, we will work on establishing partnerships with leading music equipment retailers to get BCD Tokens accepted as means of payment on our partners’ websites.

Can I make a deposit to purchase BCD from a wallet on an exchange?

Yes, we accept transactions from exchanges.

Which wallet should I use to store my tokens?

Your tokens will be available at the end of our token sale. We will transfer them to you in any ERC-20 compatible wallet that you have and at that time you will be able to trade them on the exchanges just like any other utility token or cryptocurrency. For example, a wallet created on www.myetherwallet.com or www.myetherwallet.com. We will include instructions on how to set up their wallet to accept our token in the future.

How do I transfer tokens into my wallet? | When will the tokens be available for me to trade?

An ERC-20 compatible wallet must be used. We will distribute tokens to your wallet after the sale is over. For example, a wallet created on www.myetherwallet.com. We will include instructions on how to set up your wallet to accept our token in the future. DO NOT USE WALLET ADDRESS THAT ARE HELD ON EXCHANGES (Kraken, Bittrex, Coinbase, Binance etc). If at the end of the sale BCD token are sent to a wallet on an exchange they will be lost and unrecoverable.

Can you mine it?

No, BCD tokens are not mineable currency.

What happens to unsold tokens?

The tokens will be put back in the reserve for further development of the functionality of the platform.

How is this different than other music blockchain ICOs?

BitChord is a true utility token focused on data aggregation and data management for guitar players who wish to capitalize on their original content, whereas existing blockchain platforms like Musiconomi, UjoMusic and PeerTracks only focus on increasing royalty payments received by artists, streaming radio, buying artists’ merchandise and socializing.

Where do I see the tokens I have purchased?

Log into your account at bitchord.io and you can see your token balance in the dashboard section.

Can U.S. citizens participate?

Please refer to our terms of service in our White Paper regarding USA citizens participating in our token sale. Citizens from certain countries are excluded from participating in the BitChord Crowdsale.

How can I promote the token sale?

BitChord is offering a Bounty Program in order to reward supporters who help BitChord reach out to more people on the internet. The Program will run until the end of Token Sale. A total of 2% out of the total supply of 110 Million tokens are reserved for the Bounty Campaign. To learn more, visit our bounty page.

Can I make money off of this?

We are conducting the token sale based on the fact that BitChord tokens do not constitute any type of an investment instrument. The BCD tokens are designed as true digital utility tokens and are not securities. Please see our White Paper and Terms of Purchase for more information on this.

Where can I get more information about your ICO?

Our ICO is currently featured on Coindelite