During the Cofound.it pre-sale, which starts on Sunday, June 4 at 5PM CET / 11AM EST, you will only be able to contribute if you’ve applied for a Cofound.it Priority Pass™ in advance. Transactions from ETH wallets not on the Priority Pass list will be rejected. Make sure to contribute from your own ETH wallet you registered with, do not use an exchange or your CFI tokens might be lost.

The public crowdsale will open on Wednesday, June 7 at 5PM CET / 11AM EST. The crowdsale will end either by July 5 or when the $12.5M (56,565 ETH) cap is reached.

If you’re a Priority Pass member, go to the following page to read and accept the crowdsale contribution terms:

https://priority.cofound.it/

After accepting the terms, you will be shown the crowdsale contribution address. Do not trust any other contribution address you see on other channels. The Cofound.it team will NEVER share the address directly with you, so make sure to only use the address you see on the priority contribution website!

You can become a Cofound.it supporter by sending the desired amount of ETH plus some gas to process the transaction (we recommend 400 000) to the contribution address shown on the contribution website. Don’t try to type the address, copy-paste it into your ETH wallet. We recommend you check the address avatar and the first and last few letters to double-check that you’ve entered the right address before confirming your contribution.

Sending the contribution using MyEtherWallet

If you use MyEtherWallet, you can start a new transaction by going to the “Send Ether & Tokens” tab. You will need to unlock your wallet first: select the “Keystore File (UTC / JSON)” option, choose your locally saved keystore wallet file, enter your password, and click on the “Unlock” button that appears.

Once your wallet is unlocked, copy-paste the Cofound.it crowdsale ETH address you see on the priority contribution page into the “To Address” field on the Send Transaction page on MyEtherWallet. As you copy-paste the address, the address avatar on the right will update, so check that it matches the picture you see on the website and in the image below. In the “Amount to Send” field, enter the amount of ETH you want to contribute. In the “Gas Limit” field enter 400 000 gas (that is a small fee needed by the Ethereum network to process your transaction; any excess gas will be refunded).

Once you double-check the address and amount, click on the “Generate Transaction” button to generate the transaction code, and confirm it by clicking on the “Send Transaction” button that appears below the “Raw Transaction” and “Signed Transaction” fields.

Congratulations, once your transaction is processed, you will become a Cofound.it supporter!

Checking your transaction

You can use a service like Etherscan to check your wallet’s transaction history. On MyEtherWallet, you can find a shortcut link to your Etherscan page under the “Transaction History” section, which is shown after you unlock your wallet to view its info or send transactions.

If your transaction is successful, you will receive your CFI tokens into your wallet automatically soon after the crowdsale ends — we’ll send you an email when that happens. If you use MyEtherWallet, CFI tokens will appear in the “Token Balances” section. In the meantime, just make sure to keep your private key, keystore file and password safe and backed up, so you don’t lose access to your wallet.

If you have any additional questions about the Cofound.it crowdsale, see our FAQ post or join our public Slack.

When does the Cofound.it crowdsale start and when does it end?

The pre-sale for Cofound.it Priority Pass™ holders begins on Sunday, June 4, 2017 at 11 AM EST / 5 PM CEST (see instructions on how to contribute if you have a Priority Pass) and lasts till the end of crowdsale. The public crowdsale opens on Wednesday, June 7, 2017 at 11 AM EST / 5 PM CEST. The crowdsale will end when the hard cap of $12.5M is reached or on July 5 at 11 AM EST / 5 PM CEST at the latest.

Update: the priority pre-sale reached the hard cap before the public crowdsale started. There will be no additional crowdsale on June 7. Thank you for your amazing support!

What are the crowdsale threshold, soft, and hard cap?

We set the success threshold at $1M, our core goal (soft cap) at $2.5M, and our hard cap at $12.5M in ETH, with the conversion rate fixed at the time of the smart contract deployment. The crowdsale threshold has now been fixed at 4 525 ETH and the hard cap at 56 565 ETH.

What is the ETH address I should contribute to?

The address will be published on our crowdsale website when the crowdsale starts. Do not trust any other addresses you might see on Slack, Twitter, Reddit or other channels. The Cofound.it team will NEVER share the address directly, so the best way to avoid scams is by visiting our crowdsale website (https://crowdsale.cofound.it/) and copy-pasting the address from the contribution page.

Can I contribute in Bitcoin or other currency?

Ether (ETH) is the only currency we accept in our token crowdsale because of its support for smart contracts, which make our crowdsale simpler, more reliable and trustworthy. If you have BTC or other currencies, you can use an exchange to convert them into ETH. Just make sure to deposit your ETH into a ERC20 compatible wallet like MyEtherWallet, Parity, Mist, or MetaMask, and make the contribution from your own wallet, not directly from an exchange! We’ve prepared a step-by-step guide to guide you through the process of setting up your wallet on MyEtherWallet.

Can I contribute to the crowdsale directly from Coinbase, Kraken or some other exchange?

No! You should only contribute to the crowdsale from a wallet for which you control the private key, so we can send you the CFI tokens after the crowdsale. Exchange wallets are unable to receive crowdsale tokens. In other words, if you contribute from an exchange, your tokens might be lost! That is why it’s important to use a compatible wallet such as MyEtherWallet, Parity, Mist, or MetaMask. Hardware wallets like the Ledger Nano S or Trezor are also ok. See this guide if you need help in setting up your wallet on MyEtherWallet.

Can I use my Jaxx wallet?

Yes, you can use your existing Jaxx wallet because you control the private keys. Keep in mind that in Jaxx the public and private keys are sometimes changed to new ones — but you still have access to all the old ones. When the CFI token is distributed, it will be distributed to the public key that you originally sent the funds from, so make sure to remember which public and private keys you used during the crowdsale. Also, Jaxx might not implement support for the CFI token immediately when issued. In that case, the CFI tokens can be accessed via MyEtherWallet.

To check your public and private keys in Jaxx, go to Tools -> Display Private Keys -> “I understand” -> Display Ethereum Keys. To access your wallet via MyEtherWallet, also visit Jazz and go to Tools -> Display Private Keys -> “I understand” -> Display Ethereum Keys -> Copy private key — and copy the private key. Once you have this key copied, you can go to MyEtherWallet, click on the Send Ether & Tokens tab, select the Private Key option, and paste the private key you copied from Jaxx to access your wallet.

Can I see the crowdsale smart contract?

Of course! You can see our smart contract on GitHub. It has been developed by the team that developed the Xaurum smart contract and independently audited by experts working for several blockchain industry leaders.

How and when will I receive my CFI tokens?

After the crowdsale ends, your CFI tokens will be sent to the wallet used to contribute to the crowdsale, which is why it’s important to use a compatible wallet such as MyEtherWallet, Parity, Mist, or MetaMask. If you subscribe to our newsletter, we’ll send you an email notification when we distribute the tokens.

How many CFI tokens will I get?

125 million Cofound.it tokens will be sold during the crowdsale. The CFI tokens will be distributed among supporters based on the amount of their investment. The token price is determined by funds collected divided by 125 million.

When can I start trading with CFI tokens?

The tokens will be locked for trading for two weeks after the tokens are distributed, so that the exchanges can implement support for the token. CFI token will be available on several exchanges on Day 1. If you’re subscribed to our newsletter, we’ll let you know when trading opens!

What if I have additional questions or need additional help?

We’re here to help! We’ve prepared a detailed guide on everything you need to do to become a Cofound.it supporter. We also look forward to meeting you in our public Slack where you can ask any additional questions you might have, and meet the Cofound.it team and other supporters like you. Cofound.it team members on Slack are:

• @jan (Co-founder, CEO)
• @danielzakrisson (Co-founder, Head of evaluations and mentoring)
• @jorgeg (Head of Cofound.it Taiwan)
• @david (Head of Cofound.it UK)
• @jeremy (Community admin)

Do you want to help us build a distributed VC ecosystem for the distributed future? Great! Even if you’ve never participated in a token crowdsale before, you can become a Cofound.it supporter in just 3 steps:

Step 1: Set up an Ethereum wallet

Your wallet stores the Ether (ETH) currency and will receive the Cofound.it CFI tokens after the crowdsale. You’ll need an ERC20 compatible wallet, such as MyEtherWallet, Parity, Mist, or MetaMask. See our detailed guide to learn how to set up a wallet using MyEtherWallet.

Step 2: Deposit some Ether (ETH) into your wallet using an exchange like Kraken or Coinbase

You can buy ETH on exchanges in EUR, USD, or other cryptocurrencies, and deposit ETH into your Ethereum wallet. We’ve prepared a guide for Kraken, which supports multiple digital currencies, and a guide for Coinbase, which supports credit card orders but is available in fewer countries. Regardless of which exchange you choose, keep in mind that it can take a few days to get verified for trading , so make sure to buy enough ETH before the crowdsale begins.

Step 3: Support Cofound.it by contributing Ether (ETH) from your Ethereum wallet

Once the Cofound.it crowdsale opens, you will be able to become a supporter by contributing ETH from an ERC20 compatible wallet (MyEtherWallet, Parity, Mist, MetaMask etc.). If you want to check whether you have the right wallet ready, join our public Slack and we’ll check together! If you’ve applied for a Cofound.it Priority Pass, you can follow this guide to make a contribution using MyEtherWallet. The process will be the same for the public crowdsale, which starts on June 7, but for now you can only contribute if you’re a Priority Pass member.

Update: the priority pre-sale reached the hard cap before the public crowdsale started. There will be no additional crowdsale on June 7. Thank you for your amazing support!

If you’re new to crowdsales (or just need a bit of extra help) and want to get your Ether wallet ready in advance, just follow the step-by step instructions we’ve prepared for you, starting with step 1.

For additional questions about the Cofound.it crowdsale, visit our crowdsale FAQ post.

Once you have an Ethereum wallet set up, it’s time to get some Ether (ETH) on an exchange. In this post you will learn how to use Coinbase. Before you sign up for Coinbase, check whether your country is supported for buying and/or selling digital currencies. If not, try Kraken instead.

Please note that due to current high interest in digital currency trading, the exchanges might be temporarily unavailable on some days. Don’t worry if this happens, your money is safe in your exchange account even if the website is temporarily unavailable. There is usually less traffic in European morning hours, so try again later if you experience slow loading times or website unavailability. The verification process can also take several days, so be patient when going through this process for the first time.

How to use Coinbase to buy Ether (ETH)

Part 1: Create a new Coinbase account and get verified

To sign up for a new Coinbase account, enter your email on the front page (https://www.coinbase.com/), click “Get Started”, and you’ll be redirected to the account creation page. A verification email will be sent to your email. Open your email inbox and click on the verification link.

Once confirmed, you’ll be able to select your account type, and follow the steps to verify your identify. You’ll have to verify your phone number, provide an ID for verification, and send a confirmation payment. The verification process can take some time. We recommend using your mobile device for uploading your ID, as you probably have a better camera on your smartphone. The verification can also be done through the Coinbase iPhone and Android mobile app.

It’s not unusual to experience problems during the ID verification process. If your ID keeps getting rejected, try using a different ID type. Coinbase recommends using the Chrome web browser during the verification process. If you use an iPhone and have problems getting verified on the verification page you receive in the SMS message, copy the website link and paste it into Chrome. If you keep experiencing issues with verification or adding payment methods, visit the Coinbase Support portal for details on the ID verification process and different payments methods.

Depending on your country, you can buy digital currency using a credit card or a bank account transfer. Buying ETH with a credit card is faster, but we recommend adding a bank account, so you can buy larger amount and also withdraw funds back to your bank account in your local currency. You can manage your payments methods under Settings > Payment Methods.

Optional: while you wait for the verification, we suggest you also check your Two-Step Verification settings under Settings > Security. For extra security, we recommend enabling additional verification through the Google Authenticator app on your iPhone, Android, or Blackberry phone.

Part 2: Buy ETH on Coinbase and send them to your Ethereum wallet

Once your account and chosen payment method are verified, you can buy Ether (ETH) on Coinbase either using your bank account or a credit card (the availability of payment methods varies by country).

Option 1: Buy ETH on Coinbase using a bank account

If you want to buy ETH with a bank account transfer, you first need to fill your local currency wallet, which appears under your account if you’ve added a bank account from a supported country. Sign in to Coinbase, click on the “Accounts” tab, and look for “EUR Wallet” or “USD Wallet”.

Click on your EUR or USD wallet, and on the next page click the “Deposit” button on the right side of your wallet. When you do this, an overlay will appear and show you the details of the Coinbase account you should use to deposit your local currency. Use your online bank to initiate the transaction, and the EUR/USD you sent will appear in your EUR/USD wallet after the banks process your transactions.

Once your EUR or USD wallet has been filled, click on the “Buy/Sell” tab. Select Ethereum as the currency you want to buy, choose your EUR or USD wallet as you payment method, and type in the amount of EUR or ETH that you want to buy, click on the “Buy Ethereum Instantly” button, and confirm your order on the next page. Once your order is processed, you can go to the next step and send the ETH to your Ethereum wallet.

Option 2: Buy ETH on Coinbase using a credit card

If you want to buy ETH with a credit card, sign in to Coinbase and click on the “Buy/Sell” tab. Select Ethereum as the currency you want to buy, choose an existing credit card as your payment method, or add a new one by selecting “Add payment method” from the drop-down menu under “Payment Method”. Once you have a credit card with enough limit available, type in the amount of EUR or ETH that you want to buy, click the “Buy Ethereum Instantly” button, and confirm your order on the next page. Once your order is processed, you can go to the next step and send the ETH to your Ethereum wallet.

Sending ETH from Coinbase to your Ethereum wallet

Once you have some ETH in your Coinbase account, it’s time to send ETH into your own Ethereum wallet. Click on the “Send/Receive” tab to open the Send Funds form. In the recipient field, copy-paste the public account address of your Ethereum wallet. In the Amount section, select your ETH Wallet, so you can enter the Amount to transfer in ETH. Fill in the amount of ETH you want to send to your wallet (the one your previously created on MyEtherWallet), add an optional note, and double check the wallet address before clicking the “Send Funds” button and confirming the transaction.

When the transaction is processed, the Ether you bought will appear in your wallet. If you use MyEtherWallet, you can click on the “View Wallet Info” tab to check your balance. You’ll have to unlock your wallet by providing the Keystore File and password, just as you’ve done in step 1 of this guide.

Good job! Now that you have some Ether in your own wallet, you will be able to use it to become a Cofound.it supporter. If you’ve applied for a Cofound.it Priority Pass, you can follow this guide to make a contribution using MyEtherWallet. The process will be the same for the public crowdsale, which starts on June 7, but for now you can only contribute if you’re a Priority Pass member.

If you have any additional questions or want to hang out with the team and other Cofound.it supporters, you can also join our public Slack.

Once you have an Ethereum wallet set up, it’s time to get some Ether (ETH) on an exchange. In this post you will learn how to use Kraken.

We’ve also prepared a guide for Coinbase, which supports credit cards but fewer digital currencies and is not available in all countries.

Please note that due to current high interest in digital currency trading, the exchanges might be temporarily unavailable on some days. Don’t worry if this happens, your money is safe in your exchange account even if the website is temporarily unavailable. There is usually less traffic in European morning hours, so try again later if you experience slow loading times or website unavailability. The verification process can also take several days, so be patient when going through this process for the first time.

How to use Kraken to buy Ether (ETH)

Part 1: Create a new Kraken account and get verified

To sign up for a new Kraken account, enter your email, chosen a username, and password on the front page (https://www.kraken.com/). A confirmation email will be sent to your email. Either click on the confirmation link or copy the verification code on the activation page to activate your new Kraken account.

Before you can start trading, you need to verify your identify. You can click on the “Get Verified” link right away to get started. You can get verified for different tiers, depending on how much you want to deposit or trade. We recommend getting started with Tier 2 verification or Tier 3 if you want to contribute more than $25,000.00.

To start the verification process, fill in the Tier 1 verification form first and then fill in the other Tier forms to upgrade to the chosen tier. Please keep in mind that it can take several days to process the verification application. You’ll receive an email when your application is processed. You can also check the verification status for each tier by visiting to the “Get Verified” tab again. If you experience any problems, check the Kraken Support pages.

Optional: while you wait, we recommend you turn on Two-Factor Authorization for your Kraken account under the “Security” tab and the “Two-factor Authentication” subpage. This provides an additional layer of security for your account login, trading, and funding transactions.

If you have the Google Authenticator app on your iPhone, Android, or Blackberry phone, choose “Google Authenticator, TOTP mode” and leave the default settings. The Kraken Support pages have more details about other authentication methods.

Part 2: Buy ETH on Kraken and transfer them to your Ethereum wallet

1) Deposit funds into your Kraken account

Once your Kraken account is verified, you can deposit funds into your Kraken account. Visit the website again, log in, and click on the “Funding” tab, and then click “Deposit” section. Select your preferred currency in the left side menu. If you select EUR or USD, you’ll also have to select the “Deposit Method” from the drop-down menu. Follow the instructions that appear on the page when you select your preferred deposit method to make the transaction. Please keep in mind that it can take a few days for bank deposits to process. See the Kraken Support pages for additional help with different deposit methods.

2) Trade currencies for ETH on Kraken

Once you have money in your Kraken account, you can exchange it for a different currency using the “Trade” tab. To start a new trading order, click the “New Order” option on the “Trade” page and select the currency combination from the top left drop-down menu from the black bar, which shows trading information. For instance, if you want to buy ETH with EUR, select ETH > ETH/EUR; if you want to buy ETH with USD, select ETH > ETH/USD from the trading drop-down menu.

Once you select the desired combination, fill in the desired amount of EUR or USD you want to use to buy ETH. The form updates as you type and show you the amount of ETH you can get. The first input field also has a drop-down menu that allows you to switch between inputting the amount of EUR you want to spend, and the amount of ETH you want to buy. When you’re happy with the order, click on the “Buy ETH with <currency>” button, and “Submit Order” button on the next page to confirm the order.

If you already have Bitcoin (XBT), ICN, or some other currency in your Kraken account, select the currency you want to trade with from the top left trading menu, and click the “Sell” button on the “New Order” page to sell your XBT, ICN or other for ETH.

3) Transfer ETH from Kraken to your Ethereum wallet

Once the purchased ETH appear in your Kraken account, it’s time to transfer ETH into your own Ethereum wallet. Click on the “Funding” tab again, but this time click “Withdraw” and select “Ether (ETH)” from the left side menu. If you’re new to Kraken, you will first need to add your new wallet address. Click the “Add address” button to reveal the form for adding a new address.

You can enter a name for your wallet in the “Description” field and copy-paste your public account address from MyEtherWallet into the “Ether address” field. You can leave the “Data” field empty. Double check your Ether address before clicking on the “Save address” button.

After you save your wallet address, you will be taken back the original withdraw form, where you can select your wallet from the drop-down “Address” menu on the Withdraw page. Enter the amount of ETH you want to withdraw to your Ethereum wallet, and click the confirmation button.

When the transaction is processed, the Ether you withdrew from Kraken will appear in your Ethereum wallet. If you use MyEtherWallet, you can click on the “View Wallet Info” tab to check your balance. You’ll have to unlock your wallet by providing the Keystore File and password, just as you’ve done in step 1 of this guide.

Good job! Now that you have some Ether in your own wallet, you will be able to use it to become a Cofound.it supporter. If you’ve applied for a Cofound.it Priority Pass, you can follow this guide to make a contribution using MyEtherWallet. The process will be the same for the public crowdsale, which starts on June 7, but for now you can only contribute if you’re a Priority Pass member.

If you have any additional questions or want to hang out with the team and other Cofound.it supporters, you can also join our public Slack.

This is step 1 of our 3 step guide on how to become a Cofound.it supporter. If you already have an Ethereum wallet, you can skip to step 2 on how to buy ETH on an exchange. To learn more about Cofound.it, visit our website.

In this guide, we’ll show you how to create a new Ethereum wallet. The wallet you’ll use to participate in the Cofound.it crowdsale has to be ERC20 compatible. You can skip this step if you already have a MyEtherWallet, Parity, Mist, or MetaMask wallet. If you want to check whether any other existing wallet is compatible, join our public Slack and we’ll check together!

MyEtherWallet is a quick and easy way to set up a free wallet, so the rest of this guide focuses on using this wallet service.

To generate a new wallet, go to MyEtherWallet (https://www.myetherwallet.com/) and you should see the following Generate Wallet screen. Choose a strong password (we recommend at least 20 characters). Click on the “Generate Wallet” button to confirm.

On the next page make sure to Download your wallet keystore file. The name of the file will be a long string of numbers and letters, starting with UTC — 2017-and the rest of the date on which you create your wallet. Make sure to save the file somewhere safe and also back it up to a safe location (not on the same computer).

After saving the keystore file, you can click on the “I understand. Continue.” button to continue.

The following page will display your private key information. The private key can unlock your wallet if you forget your password, so it’s very important to keep your private key safe. If you lose access to your private key, you lose access to your tokens, so don’t share this information with anyone under any condition. You should save your private key in a safe location, not on an internet-connected device. You can easily print a paper version of your wallet by clicking on the “Print” button, and save the printed sheet of paper in a safe offline location.

Remember: whoever has access to your private key has full access to your wallet, so it is very important to keep it safe! For extra and convenient security, you can also get a hardware wallet like the Ledger Nano S.

Once you’ve printed and saved the private key to a safe location, click on the “Next: Save your address” button.

Congratulations! You now have a new Ethereum wallet.

Whenever you want to access your wallet or do any transactions on MyEtherWallet, you’ll need to unlock your wallet first. To unlock the wallet, you need the keystore file you previously downloaded (the one starting with UTC — 2017- and a date stamp) and your wallet password. When you see the unlock screen, just choose “Keystore File (UTC / JSON)”. When you select this option, a “SELECT WALLET FILE…” button appears on the right. Click the button to find the wallet file on your computer or external drive. After you select the file, you’ll also be prompted to enter your password. If both elements match, you can now click on the “Unlock” button that appears.

To check your wallet balance, click on the “View Wallet Info” tab. After you unlock the wallet, you’ll see your public Account Address, your Account Balance and Token Balances in the left column. Save your account address for later — this is your wallet’s public address, which you can use to send and receive Ether or various tokens like the CFI token.

This public address (starting with 0x) is similar to your traditional bank account number, so it’s ok to let others know your public account address if they want to send you ETH or tokens. Just keep in mind that you should never share your keystore file, password, or private key — the key is the lock that keeps your wallet safe and others don’t need to know it to send you funds, all they need to know is your public address.

In the next step, you’ll learn how to use your public address on an exchange website to fill your new Ethereum wallet with Ether (ETH).