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Why was the maximum purchase amount reduced to $500 from $1,000?

Due to the unprecedented demand for MINA tokens, the number of registered purchasers vastly exceeds the amount of tokens available. In order to give access to a greater number of participants and to welcome new community members into Mina, the maximum dollar value of each purchase was reduced to $500 from $1,000. Assuming that each participant purchases the maximum number of tokens in the Community Sale, this change will increase the number of participants from 18,750 to 37,500. The rest of the sale structure is unchanged.



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Why was the maximum purchase amount reduced to $500 from $1,000?

Due to the unprecedented demand for MINA tokens, the number of registered purchasers vastly exceeds the amount of tokens available. In order to give access to a greater number of participants and to welcome new community members into Mina, the maximum dollar value of each purchase was reduced to $500 from $1,000. Assuming that each participant purchases the maximum number of tokens in the Community Sale, this change will increase the number of participants from 18,750 to 37,500. The rest of the sale structure is unchanged.


How can I fund my purchase?

We will display payment information once the Sale Period starts. For the Community Sale, you can pay with USDT, USDC, BTC, or ETH. For the Uncapped Sale, you may pay with all the above and USD. Payments made in USDT ("Tether") or USDC (“USD Coin”) will equate to the value of one U.S. Dollar ("USD") regardless of fluctuations in USDT or USDC.


If you fund your account and purchase tokens with USDC or USDT, there are no fees. You can deposit USDC and USDT into your CoinList Wallet anytime at https://coinlist.co/wallets.


If you fund your account and purchase with ETH or BTC, it will be converted to USDC at the time of purchase. An estimated conversion rate will be shown at the time of purchase and you will also incur a 0.50% transaction fee from CoinList for converting such funds. All purchases will be denominated in USD. You can deposit ETH and BTC into your CoinList Wallet anytime at https://coinlist.co/wallets.


What will the price of MINA be?

During the token sale, MINA tokens will be available under two different purchase terms: 


  • Community Sale - Tokens unlock May 31, 2021: $0.25 per MINA
  • Uncapped Sale - 24-month linear release starting May 31, 2021: $0.25 per MINA


Users may participate in both sales. 


Is there a cap on how much I can purchase?

Purchasers are limited to a $500 purchase in the Community Sale, and no purchasing cap for the Uncapped Sale. Users may participate in both sales. 


Can I participate in the sale without going through KYC?

No. Anyone who wants to participate in the sale must go through KYC/AML (Know Your Customer/Anti-Money Laundering) checks.


Why can’t U.S., Canadian, and Chinese residents participate in the MINA sale?

The Mina community is committed to following all relevant regulatory guidelines and will thus not be able to offer MINA tokens for purchase during the MINA token sale to prospective participants in the U.S., Canada, China, and other CoinList unsupported jurisdictions.

How will the Mina sale queue work?

How the queue system will work:

  • The Mina token sale starts on April 13 at 14:00 UTC.
  • Users registered for the token sale will receive an email with a link to enter the queue prior to the start of the sale. You will also be able to find the link on your logged-in dashboard and at https://sales.coinlist.co/mina.
  • In order to access the link, please log in to your CoinList account. Once you click on the link, you will be redirected to a url that is unique to your CoinList account and will give you one spot in the queue. After you have successfully passed the queue and entered the sale site, do not use the link again. Doing so will result in the removal of your access to the Mina sale.
  • All users arriving at the queue before the start of the sale will be placed in a waiting room. Please note that arriving at the waiting room early does not give you a better place in the queue. 
  • When the sale starts, users in the waiting room are assigned a random place in line, ahead of those who arrive after the sale starts. 
  • Users arriving after the sale starts get a first-come, first-served place in line after those in the waiting room. 
  • When it is your turn, you will have 10 minutes to enter. 
  • After entering the site and completing the purchase flow, your purchase will be finalized when your deposit clears. If your deposit doesn't clear immediately, that's fine – you have until April 16, 12:00 UTC to finalize your purchase.
  • As a reminder, we prohibit the use of bots. Anyone using bots to purchase tokens will have their account terminated (including loss of funds) and have all their purchases canceled

To get your spot in the queue:

  1. Look for an invite email titled "Your Link to Participate in the Mina Sale" from CoinList between 2:00 and 14:00 UTC on April 13. 
  2. Click the "link to participate in the sale" in that email. You will also be able to find the link on your logged-in dashboard and at https://sales.coinlist.co/mina.
  3. Be sure to log in to your CoinList account associated with the email address that received the link.

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