FAQ’s – Frequently Asked Questions
- What is QUE.com?
QUE.COM is a web properties of KING.NET – Moscom LLC, a network of innovation, to provide our customers a complete solutions from brand awareness, digital strategy, internet identity to match their products and services, set up a website to build your online presence, from web to apps, and go live. See our products and services. - What are QUE Token or QUE Coins?
QUE Tokens or QUE Coins is a a fully compatible ERC20/ERC23 tokens distributed on the Ethereum blockchain pursuant to a related ERC-20/ERC-23 smart contract (the “QUE Tokens”). - The QUE Tokens do not have any rights, uses, purpose, attributes, functionalities or features, express or implied, including, without limitation, any uses, purpose, attributes, functionalities or features on the QUE website.
- How does the QUE Token distribution work? –> NEED TO UPDATE!
- NEED TO UPDATE: Please note 51% reserved for QUE.com management.
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- The QUE Token distribution will take place over 341 days starting on June 26, 2017 at 13:00 UTC. One billion (1,000,000,000) EOS Tokens will be distributed according to the schedule below:
200,000,000 EOS Tokens (20% of the total amount of EOS Tokens to be distributed) will be distributed during a 5 day period beginning on June 26, 2017 at 13:00 UTC and ending on July 1, 2017 at 12:59:59 UTC (the “First Period”).
700,000,000 EOS Tokens (70% of the total amount of EOS Tokens to be distributed) will then be split evenly into 350 consecutive 23 hour periods of 2,000,000 EOS tokens each beginning on July 1, 2017 at 13:00:00 UTC.
100,000,000 EOS (10% of the total amount of EOS Tokens to be distributed) will be reserved for block.one and cannot be traded or transferred on the Ethereum network.
At the end of the 5 day period and at the end of each 23 hour period referred to above, the respective set number of EOS Tokens set forth above will be distributed pro rata amongst all authorized purchasers, based on the total ether (“ETH”) contributed during those periods, respectively, as follows: - As an example:
20 EOS Tokens are available during a period.
Bob contributes 4 ETH and Alice contributes 1 ETH during the period. The period ends.
As a total of 5 ETH were contributed for 20 EOS Tokens during the period, 1 EOS Token will be distributed for every 0.25 ETH contributed. Therefore, Bob receives 16 EOS Tokens and Alice receives 4 EOS Tokens. - +++++
- Was there any QUE Token pre-sale?
No. - How can I participate in the QUE Token distribution?
To participate in the QUE Token distribution, you will need an Ethereum compatible wallet or an application where you can send ETH coins to QUE Ethereum Address. - What Etheruem compatible wallets are recommended?
We recommend using MyEtherWallet (no download needed). - Is there a minimum purchase for QUE Tokens?
No. We, however recommend a minimum of 0.01 ETH - I have contributed to the QUE Token distribution. When do I receive QUE Tokens?
At the end of each day, you will receive your Tokens compatible token on the Ethereum blockchain. - Are QUE Tokens transferable?
While QUE.com will not be involved in any way in the transferability of the QUE Tokens, it is possible that QUE Tokens could be transferred on a peer-to-peer basis or on platforms operated by 3rd parties. - Are there network fees when transferring QUE Tokens?
Yes, the QUE Token is an ERC-20/ERC-23 compatible token; therefore, transfers will be subject to ETH gas fees like all other transactions on the Ethereum network. - What happens if I can’t contribute ETH or don’t receive my QUE Tokens?
The QUE Tokens are being provided on an “as is” and “as available” basis without representations, warranties, promises or guarantees whatsoever of any kind made by QUE.com. Prior to purchasing QUE Tokens, you should ensure that you carry out your own examination and investigation and carefully review in their entirety the risks associated with purchasing QUE Tokens as set forth in the Purchase Agreement. Purchases of QUE Tokens are non-refundable and purchases cannot be cancelled. Under no circumstances will you be entitled to receive money or compensation for any QUE Tokens purchased or your inability to purchase QUE Tokens. - Where do the proceeds from the QUE Token distribution go?
Proceeds from the QUE Token distribution will be the revenue of QUE.com. - What does QUE.com plan to use proceeds from the QUE Token distribution for? –> NEED TO UPDATE!
As a private company, proceeds of the QUE Token distribution will be utilized by QUE.com in its sole discretion. QUE.com intends to use certain of the proceeds for general administration and operating expenses, as well as to build a blockchain consulting business focusing on helping businesses re-imagine or build their businesses on the blockchain, developing more open source software that may be helpful to the community and building decentralized applications using QUE.com website services. - Why are proceeds from the EOS Token distribution not being donated to a foundation or other non-profit organization? –> NEED TO UPDATE!
Blockchains that adopt the QUE.com services do not require a foundation or a non-profit organization to help grow or maintain the network because such blockchains will be self-funding. Based on the QUE.com services, it is intended that any blockchain that adopts the QUE.com services will generate natural inflation in such blockchain tokens at a rate of five percent per year to be distributed to the platform’s block producers in connection with their confirmation of transactions on the platform and to the top three smart contracts or proposals that receive the most amount of votes from holders of such tokens. In this case, such a blockchain will not be reliant on any one foundation, organization, or individual for its growth, development or maintenance. - For other questions, please send email to support @QUE.com or use our contact us page.
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