Public Presale FAQ
Last updated: 1st March 2023
Our public Presale is an opportunity to purchase Minima ahead of coin distribution.
The ONLY official websites for the presale are https://presale.minima.global/ or https://livepresale.minima.global/.
PLEASE BE VIGILANT FOR SCAM WEBSITES.
Note: Participation is only possible where your local laws and regulations permit as well as where international sanctions are not in force.
When will the Presale start?
The first tranche starts on 14th February at 10:00 UTC and ends on 21st March at 10:00 UTC or once all coins are sold, whichever is sooner.
Are there different sale prices or different tranches?
There will be 4 tranches at different prices, the first and earliest tranche is available for existing Incentive Program members only. Discount % indicates the discount from the targeted exchange listing price of $0.30.
Tranche 1:
- Existing Incentive Program members only
- $0.21 (30% Discount)
- 10 million (10,000,000) coins available
- Min purchase size $50
- Max purchase size $25,000
Tranche 2:
- $0.24 (20% Discount)
- 10 million (10,000,000) coins available
- Min purchase size $50
- Max purchase size $100,000
Tranche 3:
- $0.27 (10% Discount)
- 20 million (20,000,000) coins available
- Min purchase size $50
- Max purchase size $100,000
Tranche 4:
- $0.30 (0% Discount)
- 20 million (20,000,000) coins available
- Min purchase size $50
- Max purchase size $100,000
If you wish to purchase more than the maximum, please contact us via our Contact page.
What is the Release Schedule for purchases?
Tranche 1: 100% at TGE
Tranche 1 of the Presale will be open to Incentive Program members only.
Tranche 2: 100% at TGE
Tranche 3: 100% at TGE
Tranche 4: 100% at TGE
What am I buying in the Presale?
You will be buying Wrapped Minima ($WMINIMA) which is an ERC-20 token on the Ethereum blockchain. $WMINIMA will be redeemable 1:1 for Native Minima ($MINIMA) at a later date.
How many tokens are on sale at the Presale?
60 million Wrapped Minima ($WMINIMA) coins are available for purchase.
How do I reserve and buy $WMINIMA?
Visit https://presale.minima.global/ and use Switchere to reserve WMINIMA. Make sure you do not send funds from a shared address.
What do I need to participate?
You will need to complete KYC before you can participate.
Why do I have to do KYC?
It is a legal requirement of FINMA as part of the anti-money laundering and terror financing prevention regulations to check the identity of every participant. We will not use this data or share it with anyone.
Our SRO (self regulatory organisation external representative) in Switzerland will store the data for one year to conform with FINMA KYC/AML. We will keep your email address in our database to send you notifications throughout the Presale.
The list of countries that cannot participate:
- Afghanistan
- Belarus
- Cuba
- Iran
- Iraq
- Libya
- Myanmar
- North Korea
- Russia
- Syria
- USA
- Venezuela
- Yemen
As well as all other countries on the OFAC list.
How and when will I receive my $WMINIMA?
If you purchased via Metamask, your Wrapped Minima ($WMINIMA) will be sent to the Metamask wallet address that you purchased coins with.
If you purchased via Switchere, your coins will be distributed to your Switchere wallet.
You will receive them after the Presale closes and the Token Generation Event ends, on 21st March 2023.
Where will I be able to sell $WMINIMA?
You will be able to trade Wrapped Minima ($WMINIMA) on Bitfinex from 21st March 2023.
If you purchased using Metamask, please see the FAQ here.
Purchasing with Switchere
What currencies can I buy WMINIMA with on Switchere?
You can use cryptocurrencies such as USDT, ETH, BTC and also fiat currencies such as USD and EUR. Read the below answers for more info.
What fiat currencies can I use to buy WMINIMA?
Euro: Visa or Mastercard; SEPA Bank transfer; Sofort Transfer; Google Pay; Apple Pay
US Dollar: Visa or Mastercard; Google Pay; Apple Pay;
Don’t worry if your credit card is not listed above, the exchange rate is done for you automatically by your credit card supplier.
Malaysian Ringgit: Local Bank Transfer
Indonesian Rupiah: Local Bank Transfer
Vietnamese Dong: Local Bank Transfer
What cryptocurrencies can I buy WMINIMA with?
Bitcoin (BTC)
Concordium (CCD)
Litecoin (LTC)
Ethereum (ETH)
Tether (USDT)
Aave (AAVE)
Bitcoin Cash (BCH)
Dai (DAI)
Elk Finance (ELK)
EOS (EOS)
Chainlink (LINK)
OMG Network (OMG)
Synthetix Network Token (SNX)
Solana (SOL)
Tron (TRON)
Uniswap (UNI)
Stellar (XLM)
Radix (XRD)
Ripple (XRP)
Yearn Finance (YFI)
The only cost incurred will be the network fee needed to send funds from your existing wallet into your Switchere wallet.
Your purchase of WMINIMA will cost no network fees once on Switchere and on purchase, your WMINIMA coins will be deposited into your Switchere wallet.
If you already have funds in your Switchere wallet, then you will not need to pay any network fees.
Once I purchase WMINIMA, where will my coins be stored?
After purchase, your coins will be stored in your Switchere wallet.
Can I transfer my WMINIMA to another wallet?
As soon as WMINIMA is listed on the exchanges you will be able to withdraw your WMINIMA to them. You can also keep it at Switchere and use their service to buy and sell.
Will I benefit from the same price and discounts as everyone else?
Yes. Switchere just have a better user experience with more payment options available.
What KYC will be needed to purchase using Switchere?
Please refer to Switchere's KYC documentation
Purchasing with Metamask
What currency can I purchase Minima with?
USDT only.
How can I buy USDT?
We encourage you to find your favourite option, but a popular option is https://global.transak.com/.
Do I need a wallet to participate in the Presale?
Yes, you will need a Metamask wallet.
How do I set up Metamask and complete the transaction?
Follow the instructions here: https://metamask.io/ - make sure you're only using this website as there are scam versions around.
Please note: Transactions are handled by Metamask and the ETH network, not Minima. Transactions sometimes fail, it is your responsibility to ensure the transaction is completed successfully.
What is the conversion rate?
It will be calculated at the time of purchase.
How do I complete KYC?
Depending on how much you are looking to purchase in $USDT, you will need to provide the following:
- Proof of ID (national ID card, passport, or driving license)
- Proof of address (utility bill, bank statement, rent agreement, or tax bill)
- Face verification (take or upload a photo)
- Proof/source of funds wallet address
As well as any other requirement as per FINMA regulations at the time of purchase.
Who is in charge of KYC?
Minima is using a third-party provider for this process. KYC is a legal and regulatory requirement of FINMA, to check the identity of every participant. We will not use this data or share it with anyone.
How much KYC do I need to provide?
50-999.99 $USDT
Information needed:
- Full Name (Surname, Given names)
- Full residential address (including country)
- Nationality
- Date of birth
- Place of birth / origin
- Gender
Documents needed:
- Valid Passport or National Identification Card (including back side)
- Selfie with Passport / ID in hand or face recognition
1,000 – 9,999.99 $USDT
Information needed:
- Full Name (Surname, Given names)
- Full residential address (including country)
- Nationality
- Date of birth
- Place of birth / origin
- Gender
Documents needed:
- Valid Passport or National Identification Card (including back side)
- Selfie with Passport / ID in hand or face recognition
- Utility bill as proof of residence (not older than 3 months)
10,000 $USDT or more
Information needed:
- Full Name (Surname, Given names)
- Full residential address (including country)
- Nationality
- Date of birth
- Place of birth / origin
- Gender
Documents needed:
- Valid Passport or National Identification Card (including back side)
- Selfie with Passport / ID in hand or face recognition
- Utility bill as proof of residence (not older than 3 months)
- Proof of funds / Sending Wallet funded with investment amount
- Source of wealth explanation – how were the funds generated (tick box)
How long does KYC take?
You could be approved immediately, sent for manual checking, or rejected. If you're sent for manual checking, there is no set time limit on how long this takes as it depends on many factors - including how many other applications are being reviewed. Please be patient and keep checking your email.
I have been rejected, what can I do?
Unfortunately this means you cannot take part in this stage of the presale. You can try in a later tranche, using a different email address perhaps - but rejections are usually due to submitted documentation, so the issue was probably to do with that.
What if I miss out on a tranche due to being in review?
Unfortunately, as we can't predict how long KYC will take for each person, this is a risk. There's nothing we can do about it other than advise that you start the process as soon as possible to ensure you don't miss out - and, to ensure that your ID documents are ready. Please see the FAQ for more detail.
Still need help?
If you have any other issues related to KYC, please contact us via our Contact page.