Frequently Asked Questions (FAQ)
NOBAR is an Estonia based blockchain startup is set to be your one-stop shop to all things ecommerce on the blockchain.NOBAR is a platform that aims to offer a three-sixty-degree holistic solution to both the buyer and seller group by focusing on different specific needs. To streamline and increase efficiency, NOBAR’s solutions will be presented through a singular platform combining two major functionalities simultaneously, "Crypto Commerce" and "Shop-App". We believe in facilitating in any eligible and interested buyer and seller, no matter the size or scale of their businesses.
The Token Sale will start on 15 May, 2018 and will end on 30 July, 2018.
The Token Sale will be held on the website https://nobar.io. To keep yourself more updated about theToken Sale, join the whitelist on our website.
There is no minimal contribution amount for the Token Sale participation. Each NBR Token will be valued at $0.01 at the time of the Token Sale.
NOBAR is a full-scale solution that merges all the fragmented ecommerce marketplace. The platform will give users access to a wide range of commercials activities from B2B, B2C, C2C and C2B transactions, including POS, ads, jobs and so much more on one platform. This will be done through two main robust platforms: Crypto Commerce and Shop-App. These two products are expected “to provide a holistic solution to the purchasing problem with cryptocurrency and crypto token.” Holders of NBR will have purchasing power to perform any commercial activity on the platform. These real world applications will fuel sustainable growth in all sectors. Its two decimal currency makes calculations easier, unlike the long decimals of most other cryptocurrencies. Born in a country putting in concentrated effort into digitization of everything including international trade and commerce, NOBAR is also regulation compliant. Special efforts are made to ensure the authenticity of all users on the platform, thereby preventing any fraudulent practices.
NOBAR’s token sale will be carried out in 5 stages, with 400 million (400,000,000) token being offered at each stage. Each stage will have different bonus amounts, facilitating early bird adopters greatly.
The currencies which will be accepted for the token sale are BTC, ETH, LTC and BCH.
Yes, there are varying degrees of bonuses (30%, 25%, 20%, 15% & 10%) offered during the 5 stages of the Token Sale.
Tokens that are not be sold during ICO, will be burned.
The fund raised from the token sale will be distributed into 5 major activities. They are:
- Product Development (50%)
- Marketing & Promotion (15%)
- Holistic Research (15%)
- Legal (10%)
- Team & Advisors’ equity (10%)
- Global trading
- Local trading
- Tokenization of used products
- Sharing and selling of assets
- Facilitating services
- Advertisement facilities
- Recurring transactions
- Flexible transaction fees
The NOBAR Team will negotiate with the stock exchanges in the early stages, so that NBR token is available for trading immediately after the end of ICO.