FAQ | General

Cocoricos | Help Center > FAQ | General

 

1. How can I be sure that the ownership of Real Estate tokens will be officially linked to my identity?

As soon as your identity is verified, your name will be registered as a share holder of the real etsate you invest in, this is handled by our partner Alpha Notaires that is a French Notary service, as well as payments until funds get raised. Your ETH address will be whitelisted on our KYC smart contract so that you can receive your tokens. If the funds are not raised you will be automatically refunded in Stable USD (DAI).

2. How do Cocoricos earn money?

Cocoricos earns 1.4% to 2.4% on successful real estate projects listed on the platform.

3. Is Cocoricos regulated?

Cocoricos deals with Vave.io for securities offerings. Vave is a Real Estate Social network made by Cocoricos’ teams. From the moment you join a private network on our real estate platform Vave.io you invest in a private and not public way. Crowdsales are not public and managed by Cocoricos partners, it is not prohibited by the majority of regulations which mainly prohibit public offers.

This site is operated by Golden Chain SAS, which is not a registered broker-dealer or investment advisor. Golden Chain SAS does not give investment advice, endorsement, analysis or recommendations with respect to any securities. Nothing on this website should be construed as an offer to sell, solicitation of an offer to buy or a recommendation for any security by Golden Chain SAS or any third party. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult with licensed legal professionals and investment advisors for any legal, tax, insurance or investment advice. All securities listed here are being offered by, and all information included on this site is the responsibility of, the applicable issuer of such securities. Golden Chain SAS does not guarantee any investment performance, outcome or return of capital for any investment opportunity posted on this site.

4. I don’t know a lot about Crypto, where can I find some documentation?

If you want to invest in Real Estate without bothering with crypto terms, we suggest you to deal with Vave.io which is a Cocoricos’ platform made for mainstream customers. To understand blockchains’s jargon, you can read Cocoricos’ Master Lexicon by clicking here.

5. Where does my money go during the token offerings on which I invested?

There are 2 possibilities
1. If you invest through Cocoricos, funds are escrowed by our crowdsale smart contracts. Stable Coins will be refunded if the crowdsale did not succeed, if it succeeds you will automatically receive your tokens.
2. If you invest through Vave, funds are escrowed by our notaries partners: Alpha Notaires and redirected to the property owner accordingly.

6. Is Cocoricos an Exchange?

Cocoricos is a primary market platform, helping you to invest in Real Estate / STO or IEO crowdsales through smart contracts. Projects will be connected to the secondary market and bring liquidity after having succeeded the primary sale on Cocoricos.
Learn more in our Whitepaper
Cocoricos is a Certified Changelly Partner with whom we cooperate to let you purchase Crypto using a simple credit card or other cryptocurrencies.

7. Do Cocoricos hold or host clients’ funds?

No. Cocoricos relies on customers or online wallets partners to hold customers’ funds.

8. What types of projects are proposed on Cocoricos?

All crypto projects at any stage of their progress: Airdrop, Pre-Sale, Public Sale (IEO/STO/ICO), Exchange

9. My ETH Wallet is on an exchange, does it support ERC-20 Tokens?

No. We help you list your personal Ethereum Wallet on Cocoricos that does not control your funds. You do.
We advise you to use Hardware Wallets, MyEtherWallet, Metamask, Mycrypto. Do not use Coinbase, Binance or any other exchange.

10. What is the Egg Token?

The EGG Token can not be replaced by another token / currency. It gives its owners unique inventives within the Cocoricos platform (and on official external platforms accepting the EGG).
All network participants (EGG Owners, Real Estate Investors, Real Estate Owners) that are presented in this White Paper are incentivized by Cocoricos around the EGG.
Advantages:

  • High Yield Assets: Real Estate, Businesses, Contracts and more
  • Reduced Costs: Best rates to purchase your tokenized assets
  • Voting Right: Your opinion counts, EGG give you a moderation power
  • Free EGG rewards: Earn more EGG by HODLin

 

11. What happens if I lose my ETH private key that holds my Real Estate Tokens?

If you lose access to your Ethereum Private key for any reason, you will have to contact our Support that will redirect you to the KYC provider that manages the KYC of the property on which you invested. You will have to upload your new ETH wallet to your profile and it will be updated by the KYC Provider to the KYC smart contract.

12 .Why is the EGG distribution planned for 2020 Q4 (regarding Profile Dashboard Rewards, Cocoricos’ Airdrop and Vave’s Airdrop)?

Let’s take this example, we distribute all EGG now that have been grabbed for free, even if they have been grabbed for free, users will possiblty sell it at a very cheap price.
Now let’s consider EGG’s rate until the end of our IEO, EGG is now 0.03$ and will be 0.05$ at the end of the IEO. As soon as we get listed, free EGG holders will then possibly sell them at a lower rate and will still be a benefit.
It will then make EGG’s rate decreased, this is the reason why we only distribute EGG to EGG payers for the moment, until 2020 Q4.
We already distrbitued free EGG few months ago and decided to add this condition to keep EGG’s rate grow. Another thing here, we need the EGG to be used and increase EGG’s utility value to then make sure that the speculative value grows in the same way.