Frequently Asked Questions

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Wownity is a company where people can rent and buy a house without having the need of a bank loan (mortgage).
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See our website.
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One fida will have the price of 1.00 euro. There will be a triple-f and double-f program. See here for more.
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In total 25M fida will be available of which:
  • 23,750,000 fida will be for sale to the public.
  • 1,000,000 fida will be in our bonus program for the public.
  • 250,000 fida will be used in our bounty program.
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Yes, there is a minimum of 50 fida.
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No, there is no maximum.
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No, fida is not a currency like a dollar or a euro. It is crypto token or cryptocurrency where its issuance is backed by real estate.
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Fida will be the crypto token of wownity. You must see fida as a token that enables the wownity operation.
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To buy fida you first need ETH or another cryptocurrency. Cryptocurrencies can only be bought through an exchange. You can find exchanges on the internet. A list is available at this address: https://cryptocoincharts.info/markets/info/

Here are some addresses:

Before you can buy cryptocurrency on these exchanges, except the Dutch ones, you have to be verified. This verification has several tiers. Before you can really buy you have to have a tier 3 verification. This can take up to 7 days. Only after you have been verified you are able to buy. So be aware of this process time. These checks are as a precaution of AML and as part of KYC protocol.

Some exchanges, like BTCdirect, charge commission. This can be as high as 3%. When you are verified you are able to deposit euro’s in the bank account of the exchange. Mostly it takes a couple of days (can be up to 3 days) before you see this money in your exchange wallet. From the moment you have euro’s in your exchange wallet you are able to buy cryptocurrency.

However you have to do one more thing. Namely get your own wallet. At https://blockchain.info./nl/wallet/#/ you can create your own digital wallet to store cryptocurrency. Once done you are all set to do business.

But be aware: SAVE YOUR PASSWORD SOMEWHERE SAFE!
Once lost you have lost your money for ever. So, write it down and save it on a secure place. Also, you can buy a hardware wallet. This looks like an USB stick which is secured with a 4 or 6 digit pin code. Just like your credit card. For more information go to https://www.ledgerwallet.com/products/ledger-nano-s.

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Yes, after the ICO you can sell your fida at crypto exchanges or directly to others.
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Yes, you can sell your fida to anybody who like to buy them from you.
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No, wownity will not accept fida as payment.
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Yes, you need to register yourself. Your email address will be checked and your Public Address need to be whitelisted (stored in the blockchain) in order to be able to reward you as a triple-f or double-f status holder.
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When you register on our website https://fida.io you will be whitelisted. There are two phases. In the first phase, with a hard cap of 5M, is our triple-f program running. In the second phase of our ICO a bonus program, double-f, is running with a hard cap of 15M.
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When you register in the first phase of our ICO you enter the triple-f program and get a triple-f status. This triple-f status will entitle you to a unique lifetime personal reward based on your initial acquired fida in the first phase of our ICO. Of the earnings of wownity above 500k EBIT, 15% will be distributed among all triple-f status holders in proportion to their initial fida purchased during the first phase of the ICO, for free. Regardless if they hold on to those fida. It is only possible to become a triple-f status holder during the first phase of our ICO. There is a limited amount of 5M fida available for triple-f status holders.
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When register in the second phase of our ICO you enter the double-f program and get a bonus. During this phase we sell 15M fida token for 1,00 euro per fida. At the same time we give away 1M fida for early fida buyers with the status of fida friend. The earlier you buy your fida, the higher your bonus will be, varying from 2,5 -15%.
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Fida can be bought with Bitcoin (BTC) and Ethereum (ETH). The exchange rate in case of BTC and ETH is subject to market conditions, the actual exchange rate may differ from the exchange rate used. Fida will be transferred to your wallet address after confirmation. Trading on exchanges will be set free after the ICO.
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Yes, there is a minimum of 50 fida.
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No, there is no maximum.
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You need to have a wallet. Your fida will be put directly into your wallet via your public address and blocked. After the ICO your fida will be set free for trading. When purchasing make sure you use your correct public key.
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See https://www.ledgerwallet.com/products/ledger-nano-s for a Ledger hardware wallet.
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No, there will be no mining.
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The founders of wownity will not get paid in fida. They get paid for doing their jobs. They will get paid a salary when working within the company. This will mean the founders have more interest in supporting the product and they will have no ability to ‘pump-and-dump’.
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75% of the money we raise during the ICO will be used to buy real estate. The other 25% will be used for developing, maintaining and running the wownity platform, working capital, legal matters, marketing and sales and operating the business. When operations start wownity will provide current data regarding fida on the website fida.io. All fida raised above 5M fida will be used to buy real estate.
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Wownity will be completely transparent on her processes that decide if there will be an emission of fida or if fida will be bought back and burned. On the website we will display continuously fida relevant information which is stored in the blockchain. Information like: how many properties do we own, what is the actual percentage of burned fida, how much money do we have as investment cash to buy property, how much money do we have to keep in reserve, etc.
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All crypto tokens are volatile. Prices can drop or rise. It is common that a crypto token gains 10 percent a day just to lose the same the next day. You are at risk of losing money when you buy them at a high price and sell these at a lower price. However, think of this. Fida will be backed by a real company that will own tangible real estate with long term sales and rental contracts. It will generate actual turnover with which wownity will buy back fida from the market and burn, thus decreasing the amount of fida in the market.
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A fida can gain value. The amount of fida in the market is always related to the value and performance of wownity’s real estate portfolio.

  • The contractual value of wownity’s real estate is always higher than the initial acquisition price
  • Wownity will burn at least 75% of the yields coming from the exploitation of wownity’s real estate, creating scarcity and driving up the value of fida

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A fida can lose value. If you are saving fida you should be aware of this. Saving fida is at your own risk.
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Yes, fida can gain in value. By buying fida at a lower price and selling at a higher price you can make money. But be aware of the risks involved in such a speculation.
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Fida is a fiduciary crypto token. It will be backed by a company that owns real estate property which is sold and rented out.
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Everybody is free in trading fida. Fida is not a currency like dollars or euros. You must see fida as a token that enables wownity to operate and implement a buy back and burn policy on fida emitted, driving up the price of fida. If you buy fida in the ICO phase you can use these fida to trade on the open market. Be aware that the fida value can fluctuate and that saving fida is at your own risk.
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Fida is backed by the contractual value of this real estate and the resulting buy-back and burn policy implemented by wownity.
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The price of fida is determined by availability and demand. If the demand raises the price goes up. If the demand drops the price goes down. The total supply of fida is limited and determined by the equity of wownity. Demand is created by wownity’s buy-back & burn policy based on wownity’s operations.
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Yes, that is possible. Nobody can guarantee fida will have a fixed value or any value at all. Even a dollar and a euro fluctuate in value compared to each other. The difference between other crypto tokens is that fida is backed by a real business with real not virtual assets.
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Yes, there is a triple-f and double-f (bonus) program. If fida price goes up after the ICO phase is closed, early adopting will be even more advantageous.
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You can find the whitepaper on our website, here is a direct link: Whitepaper.
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Yes, the total amount of fida during ICO will be 25M.
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Yes, during ICO a double-f program is active.
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Go to https://etherscan.io and search for fida. Information will be available when the ICO is committed.

Cryptocurrency and Blockchain

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Cryptocurrency is basically digital cash that can be earned by mining or bought with fiat currency and another cryptocurrency.
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Crypto tokens are basically assets not a currency.
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Banks and accounting systems use ledgers to track and timestamp transactions. Blockchain works the same way but differs in that it is completely decentralized and open source. This means that people do not have to rely on a central bank or institution to keep track of their transactions. Because there is no central institute, transactions will have to be confirmed by a network of peers. This is called consensus. These peers are called the miners, they take the transactions, stamp them as legit and add them to the network (add them as a block to the blockchain). This work that the miners do is rewarded with a token of a cryptocurrency.
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Mining is the process of adding transactions to the blockchain. Mining is done by miners. Whenever a new block is added to the blockchain, a reward is given to the miner who added the block to the blockchain. Mining can be compared to a competition, in which every person needs to solve a puzzle. Whoever solves the puzzles first is allowed to add a block to the blockchain and wins the prize (coins). Whenever the miner receives the reward (coins) it will be stored in his or her personal wallet. In case of Bitcoin this is, at the moment of writing this, 12.5 Bitcoin.
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A wallet is software application or a device that can store, send and receive cryptocurrency. It is almost like a physical wallet. There are wallet applications for mobile phones and desktops (PC) that store your cryptocurrencies online and there are specialized hardware devices, like the Ledger Nano S, that allow you to keep your coins offline or even let you print a wallet on paper.
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Here are a few addresses where you can find a wallet:
A software wallet called MyEtherWallet: https://www.myetherwallet.com/
A hardware wallet called Ledger Nano S : https://www.ledgerwallet.com/products/ledger-nano-s
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As long as people believe in a currency and give value to it, it can legally be used to buy and sell. It is a way of trading value. Fiat currency (dollars and euro’s) have once been ‘invented’, too. Before that there wasn’t any money. People used to trade products and services for other products and services. As long as people accept the currency, it is a currency. The downside of fiat currency is that banks and states can print new whenever they like. That’s how they create inflation and deflation. With cryptocurrency this will be much harder to do. In cryptocurrency the creation of additional units of the currency is controlled and restricted and vested in algorithms that cannot be changed by men or systems. (for example, Bitcoin’s cap is fixed at 21,000,000 million coins).
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There are many exchange websites that sell cryptocurrencies. Including, but not restricted to: Coinbase, Kraken, Bitstamp. Once you have bought coins, you can store them in your wallet or send them to another wallet. You can also search for individuals selling cryptocurrencies in your area, for example through https://localbitcoins.com, or you can meet someone face-to-face, have them scan your wallet’s QR code and pay them.
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It will be possible to send and receive cryptocurrency anywhere in the world, at any time. You are not bound by bank holidays, borders, exchange fees or bureaucracy. You are in full control of your money. There are no fees to receive cryptocurrencies, and when spending cryptocurrency, many wallets will let you control how large your fee will be when spending. The transactions are secure, irreversible and do not contain any sensitive or personal information about the customer or merchant. This will protect you from losses caused by fraud and fraudulent chargebacks. Cryptocurrency of users is protected by encryption and backup. And finally, all information concerning the cryptocurrency money supply itself is readily available on the blockchain for anybody to verify and use in real-time. No individual or organization can control or manipulate the cryptocurrency protocol, because it is cryptographically secure. Overall, cryptocurrencies can be trusted for being completely neutral, transparent and predictable.
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There are still a lot of people who are unaware of cryptocurrencies. There are some businesses that accept cryptocurrencies as a payment, but this list is small. Because this list is small, and however the total value of cryptocurrency in circulation is about 0,5% of the total world money supply (which is about 90 trillion dollar), any activity can affect the price and makes cryptocurrencies volatile. New tools, features and services are still being developed. In short: cryptocurrency is still maturing.
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Cryptocurrencies are not anonymous and cannot offer the same level of privacy as cash. The use of cryptocurrency leaves extensive public records (in the form of transactions on the blockchain). Every transaction made with cryptocurrency can be viewed by the public.
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When you lose your wallet and /or your private keys, you will lose your coins. The coins will remain in the blockchain; however, they will become dormant. This is because there is no way for anybody to have access to a lost wallet without the private key that would allow access. Therefore, it is extremely important to write down your wallet address and your private keys and store them in a safe place (better write them down, print them on a piece of paper and keep them in a safe place).
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The legal status of cryptocurrency varies from country to country and is still undefined or changing in many of them. Some jurisdictions are restricting or even banning foreign currencies, while others may limit the licensing of certain entities such as a cryptocurrency exchange. Law enforcement agencies, tax authorities and legal regulators are still trying to understand how cryptocurrency fits into existing frameworks. Steps are being taken to provide individuals and businesses with rules on how to integrate this new technology with the formal, regulated financial system. The legality of your cryptocurrency activities will depend on who you are, where you live and what you are doing with it.
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Some concerns have been raised that cryptocurrencies are only being used for money laundering by criminals. That’s not true. However, cryptocurrencies are like money, and money has always been used for both legal and illegal purposes. Cash, credit cards and the current banking systems still greatly surpass cryptocurrency in terms of their use to finance crime and these methods are widely used and well-established. Cryptocurrency is designed to make money more secure, for instance, it is completely impossible to counterfeit. Users are in full control of their payments without a third party who can scam the process. Transactions are irreversible and immune to fraudulent charge backs. Backups, encryption and multiple signatures are used to secure cryptocurrency against theft and loss.
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Regulators have only just begun to seriously scrutinize regulating cryptocurrencies. There are some countries that treat cryptocurrencies as business income or capital gain, but the predominant international trend is to regulate cryptocurrencies as if they were “assets” or “property”. Most nations have yet to come around to the idea of treating cryptocurrencies like real currencies. In the years ahead, many more tax updates will be in store for cryptocurrency users all over the world.

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