What is MealToken?
Mealtoken is a utility token ( it grants access to certain Nostrum services, it acts as a reward / incentive instrument) with a payment function (deprived from any claims on the issuer) within and limited to Nostrum’s tokenized ecosystem.
What’s the meaning behind the ‘MealToken’ name?
Nostrum is a brand that has dedicated 20 years to offer consumers ready-made meals of the same quality as those prepared at home. That is the reason why the Token created by the Nostrum will be named MealToken.
Where is MealToken based?
MealToken is based in Estonia
What is the MealToken (MEAL) used for?
Mealtokens will be used for three key functions:
- They will serve as means of payment: Once the ICO is completed, in order to become member of the Fan’s club and have access to Smart Discount prices, the client will have top-up his/her wallet with Mealtokens and pay their purchases with tokens.
- They will serve as means of payment of the entry-fee deposited by the franchisees: the franchise business usually includes a payment of an entry fee in return for the Company know-how. This Entry Fee is, generally speaking, non-refundable as deployed know-how cannot be restored to the Franchisor. CryptoFranchise enables the franchisee to deposit the entry fee in tokens in their wallet, and have the chance to recover the amount once the franchise/master franchise agreement has concluded.
- They will be used by Nostrum to pay rewards and incentives to clients, franchisees and other social groups: The Meal Token will serve to incentivise the expansion of the franchise network through rewards to franchisees, help the sustainability of big cities through Smart Social Delivery and support charitable causes through the Social Wallet
Token Launch and Usage of Raised Funds
What is the total supply of Meal tokens?
The total supply of MealToken is 1.000.000.000
What is the minimum amount to contribute in the token sale?
For the private sale, the minimum amount is 100.000€. For the open sale however, there will not be a minimum contribution amount.
Is there a whitelist?
No, Nostrum will not have a whitelist.
Who can participate in the Token Launch?
The private sale will be open for the investors Nostrum deems as qualified. The public sale will be open for everyone as long as they respect the rules set by Nostrum and be able to pass the KYC and AML procedures.
Does MealToken Sale require KYC/AML?
Mealtoken sales does require KYC/AML. A two-tier verificacion and identification process allows to whitelist an acquirer and allows their contribution. Tier 1 consists of an on-chain recorded Video-call identification process. Tier 1 applies to all contributors up to the equivalent of €10.000.
Tier 2 is an on-chain KYC light process, fully scalable and automatized. Tier 2 applies to contributions over the equivalent of €10.000