1 - What is an ICO?

ICO (Initial Coin Offering) is a model of crowdfunding that allows us to issue Digital Shares (Tokens) in exchange for investments. Each Token will entitle its holder to a share of Polybius annual profit distributed proportionately among all token holders.

The ICO launches on May 31st 12:00 PM UTC and will last for 5 weeks, ending on July 5th 12:00 PM UTC.

Purchase of Tokens will be available on Polybius.io in the Crowdfunding Dashboard. During the ICO you will be able to purchase Polybius Tokens (PLBT) using multiple payment methods:

  • Wire transfer in USD and EUR (Minimum purchase amount 10 PLBT)
  • BTC, ETH, USDT direct transfer (Minimum purchase amount 1 PLBT)
  • Multiple cryptocurrencies supported by ShapeShift.io (Minimum purchase amount 1 PLBT)
  • Emercoin (EMC) direct transfer (Minimum purchase amount 100 PLBT)
  • Debit/Credit card payment (Visa/Mastercard) (Minimum purchase amount 1 PLBT)

The initial price of 1 PLBT is fixed at 10.00 USD during the ICO. The capital that has been placed into the Project during the funding, media coverage through the development of the Project and dividend expectancies will be the main form factors for the PLBT exchange rate once it is listed at cryptocurrency exchanges after the ICO.

During the ICO 1 PLBT = 10.00 USD. The minimum purchase amount for all types of payments, except for USD and EUR wire transfers and EMC direct payments is 1 PLBT.

To ensure solid financial security for our investors and their funds Polybius Foundation has set an arrangement with two individuals that will provide the escrow services. In case the first milestone is not achieved by the end of the ICO all investments will be refunded. You can find the Escrow Agreement here.

The earlier you invest, the higher bonus you will receive on your investment

  • Day 1 – 25% token bonus;
  • Day 2-7 – 20% token bonus;
  • Week 2 – 15% token bonus;
  • Week 3 – 10% token bonus;
  • Week 4 – 5% token bonus;
  • Week 5 – 0% token bonus.

The bonus will be immediately added to the number of tokens you receive as a result of your investment. The total investment will be visible on your balance.

We won't be providing any bulk discounts. We have decided to stick with weekly bonuses for early investors.

In order to purchase PLBT in USD or EUR via a bank transfer select “Wire USD” or “Wire EUR” as the payment method and enter your desired investment amount. Check the total of your investment and the resulting PLBT and click “Invest” to create an order.

“Can I make a wire transfer from another currency account, such as YEN or GBP” - Yes, you can, but you’ll need to consider your bank’s exchange rate. Please contact your bank for more information prior to making a transfer.

Important: please make sure to add the Transaction Reference ID number to the payment description of your transfer using the following template: “Polybius.io Transaction Reference ID:xxxx”. The bank may not accept a payment without a valid payment description.

Once the order is created, you’ll see all of the bank details required to complete the payment (including name, address, account number and SWIFT code) on the screen. You can also always check the order details and status under Transactions History in your Dashboard.

Though wire transfers can sometimes take a few days to process the bonus will be added based on the date the order was created and not the transfer confirmation date (limited to 7 days from the order creation date).

Note that some banks may request a copy of the agreement between you as an investor and the beneficiary: Polybius Foundation OÜ. A copy of this agreement, known as the terms can always be found here.

Once the transfer is successful, you’ll see the purchase status change to “paid” in Transactions History.

“Can I make a SEPA payment” - Yes, you can!

Please select a cryptocurrency from the currency selection menu and enter the number of coins sent. Check the resulting amount of your investment and PLBT including the bonus.

Please note, BTC, ETH and USDT investments can be made directly, while all other cryptocurrencies are accepted via Shapeshift.io and as such will have a processing fee associated with them, included in the total.

Once you click “Invest” and the order is created, you will see a unique address where you need to send the coins to. You can either enter the payment address and amount to your wallet or scan the QR code.

Please remember to add your wallet’s transaction fee to the indicated total. We advise contacting your wallet provider to learn the recommended fee. The purchase total in cryptocurrency will be locked at the moment the order is created and will remain locked regardless of the currency’s exchange rate fluctuations.

“What exchange rate do you use” - for the ETH exchange rate we use Etherscan.io, for BTC - BTC-E.com and Bitstamp.net as a reserve option and the rate of USDT is fixed. The exchange rate is updated for each investment during order creation.

Please note that you will have 24h to complete the transaction. Order details, including the address and the total, will also be available in the Transactions History in case you would need these details later (e.g. accidentally closing your browser or completing the transfer later, but still inside the 24h window).

Once the transaction has reached confirmation within the required number of blocks, your order will be confirmed and the PLBT added to your account.

We accept investments in EMC worth minimum 1 000 USD to the public EMC address EeLeckKqTRvbbyThGhvMYeVWhrCwYb6ev6. Please contact us at [email protected] to place an order or to get more information.

The total amount of tokens will be determined by the results of the ICO. There will be no additional PLBT token emission.

In order to make sure that your Tokens remain safe, we encourage investors to use the two-factor authentication (2FA). If you have lost access to your account, there is an option to change the account password. Please make sure to include and confirm your phone number in the Settings to be eligible for password reset. Once the ICO is over, each investor will be able to send Polybius Tokens to private ETH wallets.

You will need to sign up for an account in order to participate in the Polybius Crowdfunding. To register an account, please visit the registration page.

Due to the nature of the business and differences between the investment goals we can achieve, the ROI may vary. For now, you can take a look at our business model where we have analyzed the perspectives of our approach in comparison to several major banks. This will help you understand the vision of our operations, while the actual profitability of the business will depend on the number and types of services we will have at our disposal as a result of the ICO.

At the end of a financial year 20% of distributable profit of Polybius Payment Institution or Polybius Bank is transferred to the Ethereum (ETH) wallet containing the Smart Contract. The ETH is then redistributed proportionately to all holders of Polybius tokens according to smart contract conditions. In order to receive the dividends, PLBT has to be stored on an Ethereum wallet, which supports ERC20 compliant tokens, such as the wallet available in the dashboard on the Polybius.io website, MyEtherWallet or Mist.

You can find a comprehensive Polybius Bounty program guide in our blog post.

"Polybius square" is a cryptographic device invented by an Ancient Greek Historian Polybius, who sought an easy way of signal-based communication.The square was used in Ancient Rome for exchanging enciphered messages, being one of the first widely-used encryption methods.

As we are building the first European crowdfunded bank, the classical IPO model will not fit into our plans. There are specific requirements for investors who participate in IPOs which means that many of our supporters will never have a chance to participate.

Yes, we do. Please send your proposal to [email protected] and we will make sure to reach out to you by the end of the ICO if there is an opportunity for cooperation.

We believe that cooperation with cryptocurrency and Blockchain businesses is key to establishing a solid source of income on a market almost free of competition. This, however, does not mean that we will be less strict with our due diligence. We will welcome only those businesses that will be ready to cooperate with us on compliance procedures, including thorough audit.

Yes, Polybius Token (PLBT) is ERC20 compliant and as such can be stored on Ethereum wallets which support this protocol, such as the wallet offered on polybius.io Dashboard, MyEtherWallet and Mist.

The Polybius token Smart Contract can be found here.

When making a purchase via a direct wire transfer, the bonus will be applied based on the order creation date, not the transfer confirmation time (limited to 7 days). So, if it takes longer than a day for your wire transfer to arrive you will still retain the bonus which was active on the day you created the order. In order to prove the transfer initiation date, we can request a copy of your statement.

Joining the investors board is open to all countries with some exceptions. These exceptions lay within the regulations that are present in some jurisdictions, like the US. We encourage our investors to be prudent with their decisions so not to create legal disputes.

Each Polybius Token (PLBT) can be split down to 6 decimal points, with 0.000001 PLBT being the smallest fraction.

Based on our market research, we have estimated the maximum amount of investments we would be ready to accept. In order to correlate our liabilities with possible spendings on R&D and operations, we are keen to minimizing the "floating balance" which we wouldn't be able to use, but for which we would be paying dividends. During the ICO a maximum of 20,000,000 PLBT is available. After the ICO all unallocated PLBT will be destroyed.

After the ICO the token will be listed on cryptocurrency exchanges. Besides trading, each holder of Polybius Tokens will be granted with annual dividend payouts.

Identity and residency verification process serves the purpose of fulfilling the following goals:

  • - establish customer identity;
  • - understand the nature of the customer’s activities (primary goal is to satisfy that the source of the customer’s funds is legitimate);
  • - assess AML/CTF* risks associated with that customer.

*AML/CFT – Anti Money Laundering and Countering the Financing of Terrorism

Polybius will use the collected information to verify the legitimacy of the collected funds in accordance with the AML/CTF* due diligence when communicating with the regulating and auditing authority in order to use the collected funds in the project's development.

*AML/CFT – Anti Money Laundering and Countering the Financing of Terrorism

While verification is not obligatory, we expect every prudent ICO participant to understand the importance of his/her role in the project. As we are building a bank, we are required to provide the information about the source of funds. We believe that investors that expect Polybius to succeed will not consider the verification a burden.

Please fill out the verification form in your Polybius account settings

Our website is scanned on a regular basis for security issues and known vulnerabilities in order to make your visit to our site as safe as possible. We use regular Malware Scanning. Your personal information is contained behind secured networks and is only accessible by a limited number of persons who have special access rights to such systems, and are required to keep the information confidential. In addition, all sensitive information you supply is encrypted via Secure Socket Layer (SSL) technology.

We implement a variety of security measures for all types of data transactions to maintain the safety of users' personal information. All transactions are processed through a gateway provider and are not processed or stored on our servers.

A utility bill can be either a water, electricity or rates bill that is less than 3 months old.

In case you don't have a utility bill available, any of the following documents will be accepted for verification of your residential address:

  • - a landline or cellphone account statement (less than 3 months old);
  • - a Gas Bill (less than 3 months old);
  • - a copy of a signed rental agreement of your current residence indicating the lease period;
  • - a mortgage statement (less than 6 months old);
  • - an official tax return/tax assessment (less than 1 year old).

In case you've made a payment using a credit/debit card, you will need to fill Section 1, 2, 4 and 5. If you were using a virtual card, you can provide us with screenshots from respective services

In case you've made a payment using your bank, you will need to fill Section 1, 3, 4 and 5. Including a bank statement is a great way to provide a visual payment confirmation.

In case you've made a payment using cryptocurrency, you will need to fill Section 1, 4 and 5. This way it will be possible to correlate your current employment position and income rate with the investment amount to reduce the risk of fraud.

Regardless of the payment method, we encourage every user to fill in Section 1, 4 and 5.

  • - Section 1 includes general Customer data, such as a photo of ID and general personal information;
  • - Section 2 includes debit/credit card ownership information, including both plastic and virtual cards. Fill this section to confirm that you are the genuine owner of the card used for buying PLBT;
  • - Section 3 includes bank information, also providing a possibility to load a bank statement. Fill this section to confirm the fact of purchase from your personal bank account;
  • - Section 4 includes funds information, including a potential origin of money used in the ICO. Fill this section to show that your investment corresponds to your lifestyle;
  • - Section 5 includes the net worth of a person to correlate between the investment and the buying potential of the person. Fill this section if you are not new to trading assets and you have a portfolio that gives you net worth.