FAQ

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General Questions:

When is the Kripton Coin Sale?

Community Airdrop: December 1 2017
Start of pre-sale: March 18, 2018
Start of public sale: April 10, 2018
End of public sale: May 10, 2018

Warning: the ICO will close as soon as the available coins have been sold. Participate early to ensure you purchase however many coins you want before they sell out. Many ICOs have sold out early—for example, the Brave ICO sold out in under 30 seconds.

The L-Pesa ICO is intended to launch the Kripton Coin as a digital token for use on the L-Pesa Microfinance platform. Holders of the coin can obtain loans at reduced cost. The community airdrop already began December 1, 2017.

How can I participate in the pre-sale?

You can buy Kripton Coins through your L-Pesa account. You can also purchase Kripton Coins from our ICO registrar; the wallet address will be provided 15 minutes before the pre-sale starts on March 18, 2018.

There are only a few restrictions on participation. Most U.S. citizens can participate since the Kripton Coin is not structured as a security subject to SEC regulation. Almost anyone can invest in Kripton Coins.

Is there a minimum or maximum of Kripton Coins I can buy during the Pre-sale?

Presale, during which the minimum amount of contribution will be set to 0.5 ETH and the bonus offered is 50%. The maximum purchase is the remaining number of available coins, which will depend on when coins are purchased. To be absolutely sure you get the amount of coins you need, it's recommended you join the pre-sale early. Sign up below to get notified early so you don't miss out.

Where and how will the public sale take place?

You will be able to purchase tokens online from https://ico.lpesa.io

at Wednesday, March 18, 2018 at 15:00 AM GMT.

How many Kripton Coins will be available in the Token Sale and how many will be created in total?

A total of 2.6 billion tokens will be available. The sale is divided into several categories. See more here

Which payment methods will be accepted in the public sale?

BTC (Bitcoin) and ETH (Ether) will be the only methods of payment accepted in the public sale.

What if I miss the pre-registration period?

If you do not participate in the pre-sale of the Kripton Coin, you can still participate in the public sale starting April 10, 2018. However, make sure to participate at the start of the sale in case the ICO sells out quickly.

What will you offer me in return for my trust and investment in you, L-Pesa?

By participating in the Kripton Coin ICO, you will be supporting the L-Pesa microfinance platform—a platform intended to provide new financial tools to consumers and small businesses in Africa and Asia. In many cases, these consumers and small businesses have not previously had access to affordable financing options. By providing this access, L-Pesa is empowering consumers and small businesses to improve lives—particularly for those paralyzed by poverty.

Ultimately, L-Pesa Microfinance is about allowing people to create opportunities for themselves and their families. Borrowers on the L-Pesa platform use funds to start or grow a business, pay for education, or support their ambitions in life via another avenue.

Besides supporting the L-Pesa platform, your ownership of Kripton Coins may provide you the following returns:

  • You can use L-Pesa services at a reduced cost

How will I know if my purchase was successful if both Bitcoin and Ethereum networks are overloaded?

For purchases made in BTC and ETH, we will deem a purchase to be successful when you’ve received six confirmations within six hours of the time that payment information is displayed to you during the Main Sale process. We reserve the right to refund your purchase if the transaction is processed after the six hour period lapses.

What is an Initial Coin Offering?

An Initial Coin Offering (ICO) is the sale of a digital token, known as a coin. Well-known digital tokens include Bitcoin and Ethereum. ICOs have emerged in 2017 to become a viable alternative to venture capital: over $3 billion USD have been raised in the first nine months of 2017, more than what was raised via venture capital.

Whereas venture capital (VC) investments can only be made through VC firms, ICOs are an entirely different way to raise funds, and they are accessible by anyone. ICOs have democratized startup funding and are now the preferred way for many startups to raise capital to fund their growth.

The coins issued in ICOs have different characteristics, but they are typically used in the provision of service by the startup.

Are there any bonuses or discounts available for this token sale?

Bounties are rewarded if you find bugs or errors in our platform. Also we reward discounts as follows during the pre sale.

  • Pre-sale during 15 days $0.04 50% Bonus - 160,000,000 Tokens
  • Public sale during 30 days $0.04 0% Bonus - 1,350,000,000 Tokens
Be sure not to miss out

ICO public sale begins on April 10th and ends on May 10th.

Learn more and get notified about the pre-sale by signing up here.

Will there be a lock-up on tokens sold in the public Token Sale?

All tokens are activated one day after the end of the ICO.

Which wallets can I use?

You need to provide us with a token receipt address that is ERC-20 compatible (see the list of ERC-20 compatible wallets below). Please make sure you DO NOT have your tokens deposited to an exchange (Poloniex, Coinbase, Kraken, Gemini etc). If you choose to purchase tokens with ETH, the ETH must be sent from a wallet you control.

Where will Kripton Coins be traded after the sale is finished?

You can only trade tokens if you already own them. New tokens will not be created. You can still buy tokens on a peer-to-peer basis or by alternative means.

When will Kripton tokens be distributed after the end of the public sale?

Please follow the timeline of the complete sale on our website. We plan that the tokens will be distributed approximately within one month after the end of the public sale.

I didn’t see an answer to my question.

Please send a request to ico@lpesa.com and we will answer your question personally.

What is the L-Pesa group?

The L-Pesa Group is a global group of companies revolutionizing financial technology and services in Africa and Asia. L-Pesa has built a sophisticated platform for issuing and servicing consumer and small business loans.

The platform has operated for 18 months in East Africa and over 35,000 loans have been issued. Due to sophisticated underwriting, the loss ratio is below 10%. This low loss ratio combined with the high degree of automation allows L-Pesa to offer low cost financing to a large number of users.

For more information, contact us at: ico@l-pesa.com and we will answer your remaining questions personally.