Beginner’s Guide to Participating in the HydroMiner Token Sale

Beginner’s Guide to Participating in the HydroMiner Token Sale

If you are one of those people who have heard about this “Token Sale” thing but don’t really have a clue how to go about it, then this article is for you.

What You Are Buying

H2O tokens are a voucher for mining time. H2O tokens are based on Ethereum; Ethereum is a crypto currency which allows tokens like H2O to piggy-back on top of it.

1) Get a Ethereum Wallet

Register on MyEtherWallet.com. There are many Ethereum wallet options, but MyEtherWallet, lovingly abbreviated MEW, is the easiest and has the best support. Save your  passphrase somewhere super safe. Don’t trust Notepad or anything like that – use paper. Do not loose the paper. With this passphrase, you can restore your wallet not just in MEW, but in any Ethereum wallet.

2) Get Ether

Because the ICO is based on Ethereum, you will need to get Ether first. You can buy Ether on any crypto currency exchange, for example KrakenCoinbaseAnycoin.eu, or Bitstamp. Please keep in mind that these exchanges usually perform a complete ID verification before allowing larger payments. Because of the current influx of new users, these verification can take 1-2 weeks.

3) Whitelist your Ethereum address

You need to be whitelisted if you want to participate in the ICO, as it required for legal reasons. Non-whitelisted contributors will not be able to participate.

All you need is your email address and your Ethereum wallet address. Please go to our Token Sale page to start the process.

4) Send Ether to the Token Sale Address

If you used an exchange to get your Ether it may be the case that your funds are still in these systems. Let us make this very clear.. Do NOT invest in Token Sales from an exchange. You will lose your funds. Why? The address that sends Ether to the ICO contract address is the same address that will receive the H2O  tokens. You must use your own wallet address to send Ether to the ICO contract address if you want to receive any tokens. For this, we highly recommend MyEtherWallet. So first, transfer Ether to a MyEtherWallet wallet. Then, transfer Ether to the Token Sale address listed here. That’s it! The hard part is over. Now, just wait for a few minutes, or log in and out of your wallet, and you will already see the H2O tokens. We have specific instructions for the most popular wallets on our Token Sale page.