$BOOK Token FAQ's

Is there a Whitepaper?
Yes, View Whitepaper

Is there a Legal Opinion about the token?
Yes, view it here.

How long is the token sale?
It's live now! Token Sale began on July 20, 2023, and ends on September 20, 2023.

What is the Token price?
Check the current price at https://app.book.io/ito/sale

What is the buying process?
You will be walked through step-by-step on the interface. You will need to be able to connect your Cardano wallet and sign for the transaction. 

What is the minimum purchase amount?
Minimum $100 USD equivalent.

Is there a purchase limit on any of the sale stages?

Will I receive my tokens immediately?
No, tokens will be released on October 20, 2023.

What forms of payment are allowed?
Currently, ADA is accepted. (Timeline on other cryptos TBD)

Which Cardano wallets can be used?
Eternl, Vespr, Typhon, Nami, GeroWallet, Flint, Yoroi, & Lace.
*Do not use a central exchange wallet such as Coinbase, your funds will be lost.

Are there restrictions on who can buy $BOOK?
Because our entity is based in the British Virgin Islands, our token sale is currently available to anyone living outside the United States.

How long do I have to sign my transaction?
Once you enter the process, you have 2 minutes to sign the transaction. If your time expires you will need to re-enter the process and may be placed in a queue. 

Is there a queue?
Yes, you will be placed in the queue if there are over a certain number of people purchasing.

Is there anything I shouldn't do?
-Do not press "refresh" on the page once you have started the purchasing process.
-Do not navigate away from the page while the transaction is processing.
-Do not forget to load your wallet up with ADA in order to purchase $BOOK.
-Do not close your Eternl wallet app while purchasing, or you will not be able to sign. (if using Eternl)

Can I make multiple transactions?
Yes, you can make multiple transactions with the same wallet.

How can I see the locked tokens I purchased?
Connect your wallet to https://app.book.io/bookshelf or check your balance on the ITO page https://app.book.io/ito/sale you will see your locked $BOOK displayed in the upper right-hand corner.

What is the $BOOK policy ID?

Is there a Community?
Yes, we have a very active Discord and Twitter.

Once I have $BOOK, how can I swap it?
BOOK will not be hosting a swap function on Book.io, but there are conversations happening with several licensed CEXs (Centralized Exchanges) about them hosting $BOOK liquidity. Any swapping on DEXs (Decentralized Exchanges) is not under the control of Book.io and there is no guarantee they will have liquidity. 

What blockchains does Book.io work on?
Book.io is a multi-chain company that allows authors and publishers to choose different chains for different specific needs. Currently, Book.io has digital books on Algorand, Cardano, Ethereum, and Polygon. The $BOOK token is a native Cardano token.

When can I use $BOOK to buy books?
You will be able to make eBook purchases for certain titles (depending on Creator's settings) with $BOOK when it is released on October 20, 2023.

Will $BOOK Classic (2021) still be used?
$BOOK Classic will not be honored on the platform for purchasing books – you have to exchange it for $BOOK V2.0.

Is there a deadline to swap $BOOK Classic (2021)?
Currently, there is no deadline. Though we encourage everyone to swap their existing tokens for the new $BOOK.

Have your smart contracts been audited?
Yes, in June 2023 our smart contracts were audited by Tweag (link to tweag.io)

When will Read-to-Earn be available?
There is no specific release date for Read-to-Earn yet. $BOOK Token is being released first to allow for proper dispersion and circulation. Please follow us on Discord and Twitter for feature updates.

Can I get a refund on my $BOOK Token purchase?
No, just like most blockchain transactions, the token purchase is locked into a contract and irreversible. Please do your own research and understand what you are buying. No refunds will be granted.