Question:
Why we create a TGE?
Answer:
We release special tokens (EcoGEM) to let EcoGEM owners use a wide range of Eco GEM Club products and services in the field of mining and energy generation.
Question:
What is TGE?
Answer:
TGE stands for as Token Generation Event
Question:
Why does the project need a token? Why do not use bitcoin? What reason triggers the project to make an extra activities for the new asset creation?
Answer:
The answer is simple: the token marks financial flows under the EcoGEM logo in a large number of crypto-currencies. This gives the allocated statistics on the token and therefore also tells of the current status of the project.
Question:
How many tokens will be created and how many are released? Is there an escrow and what are the conditions?
Answer:
33 millions of EcoGEM tokens to be created, 2 000 000 EcoGEMs have been produced. There is no an escrow account as all excessive tokens are subject to be burnt after TGE.
Question:
Is there any guarantee that there will be no additional EcoGEM emissions from the Project?
Answer:
The smart-contract will fix the option of no additional emissions to be made.
Question:
If the EcoGEM Club becomes incapacitated is it possible to count on the return of funds spent on the acquisition of EcoGEM tokens during the TGE?
Answer:
When the Project is shut down the funds will be returned by the EcoGEM holders at the nominal value on the day of distribution of the EcoGEM tokens and taking into account the costs incurred as of the time of the announcement of the stoppage of the Project.
Question:
Can I get EcoGEM Club products and services using fiat money ($, euro, etc.) and crypto currencies differ from EcoGEM tokens?
Answer:
Yes, of course, but in this case they will cost you extra money due to transaction costs and you lose all benefits in comparison with the use of EcoGem tokens.
Question:
Is EcoGEM Club aimed at non-traditional power sources?
Answer:
The EcoGEM Club project is aimed at using renewable energy sources, as well as developing alternative methods for its generation.
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