FAQ

1. Is token created by Token Wizard, ERC20 standard of?

• Yes. Token Wizard creates ERC20 token.

2. Can I use already created outside of Tokewn Wizard token to set up crowdsale with Token Wizard?

• No. You can't use token created somewhere. You should create token and crowdsale with Token Wizard in 5 simple steps

3. Is token created by Token Wizard mintable?

• If you have chosen WHITELIST WITH CAP strategy, yes, created token will be mintable from the start of crowdsale until crowdsale will be finalized.

4. What is the total supply of token created by Token Wizard.

• If you have chosen WHITELIST WITH CAP strategy, token initial total supply is zero. As the token is mintable, the total supply of tokens will be equal to the total amount of tokens sold in all tiers + the number of reserved tokens.

5. I don't want to create crowdsale, but I need to create ERC20 token. Could I do it with Token Wizard?

• Yes, you could. In case you are wishing don’t to put tokens on sale but to distribute them to some account, you needed to reserve them to that account in step 2 of Wizard at deployment stage of crowdsale and distribute them after crowdsale finalization following this guide

6. I would like to reserve tokens for the team. Is it possible with Token Wizard?

• Yes, it is possible. You could use Reserved tokens functionality for this aim. Reserve tokens at the step 2 of Wizard for any addresses (up to 40 addresses). You could reserve amount of tokens or percentage of tokens, that is calculated from the total sold amount of tokens. Reserved tokens will be distributed and unlocked after crowdsale finalization.

7. Which cryptocurrency or token users are able to use to contribute to crowdsale?

• Token Wizard crowdsale can be configured on any EVM compatible chain. Thus, crowdsale created in Token Wizard accepts only native coins of this network. In case of Mainnet it is ETH.

8. Can contributors move their tokens immediately after contribution?

• No. Purchased tokens are locked after success contribution. And all tokens will be unlocked after the owner of crowdsale will finalize it (after the end of crowdsale or if hard cap is reached).

9. When a user contributes to crowdsale, where contributed ether is accumulated?

• Contributed ether is accumulated in the wallet address indicated in the 3d step of crowdsale setup.

10. When is contributed ether available to spend?

• Immediately after success contribution.

11. Can users contribute to crowdsale with sending ether to crowdsale contract?

• No. Direct sending of ether to contract is disabled to prevent contribution from exchanges. Transaction will fail.

12. How can users contribute to crowdsale created with Token Wizard?

• The simplest way is to use invest page of wizard + MetaMask. But possible contributors of your crowdsale can use any ERC20 compatible wallet, for example MyEtherWallet, MyCrypto, to contribute to crowdsale. All they need to know is the address of crowdsale smart-contract and method signature. For more info read contibution guide.