About ClearCoin

Frequently Asked Questions

Please check the questions below for an answer to your inquiry. If you have a question that is not answered below please email help@clearcoin.co

Which wallet can be used to store ClearCoin (XCLR)?

ClearCoin (XCLR) tokensĀ are an ERC20 token and can be stored in a wallet that is compatible with the ERC20 standard. When you sign up for an account with us, you will be assigned an ERC20 wallet address. Any XCLR tokens you buy during the sale will automatically be sent to the wallet address on your dashboard. We are working on a feature that will allow you to send your XCLR tokens to other ERC20 compatible wallets. Other ERC20 wallets include MyEtherWallet (no download), MetaMask (browser add-on for Chrome & Firefox), Mist (desktop), Parity (desktop), imToken (iPhone & Android).

What is ClearCoin?

ClearCoin (XCLR) is a utility token built on the Ethereum technology platform with the ERC20 token standard. ClearCoin can be used in our advertising technology product. Our advertising technology product connects advertisers, publishers, and people.

What happened to the XCLR/ETH pair on IDEX?

The XCLR/ETH pair was available on IDEX for several months. It is no longer available on IDEX and they have not provided us with a specific reason as to why it is no longer available. If a specific reason is provided we will update this article.

What happened to the Explorer?

The Explorer is currently down for maintenance and going through architecture changes to meet the evolving needs of the technology. The original Explorer indexed all blockchain data which is a cumbersome way of going about it. The intention in our whitepaper was to show key data related to ad inventory and ad impressions. We will re-launch the Explorer with these focuses. For now, the Platform and the Extension serve as the core product offering.

How will proceeds from the token sale be used?

The proceeds from the token sale will be as follows. 70% toward product & engineering. 20% toward marketing & sales. 10% toward operating & administrative.
Use of Proceeds in the ClearCoin Token Sale

How will ClearCoin (XCLR) tokens be used?

ClearCoin (XCLR) tokens are used to secure ad inventory on the companies platform. Each XCLR token represents a unit that can secure a certain amount of advertising on the platform.

How many ClearCoin (XCLR) tokens are there?

There are 1,000,000,000 (1 billion) ClearCoin (XCLR) tokens that have been created. 1,000,000,000 is the maximum supply and that is the total number that can ever exist. The current circulating supply is 527,873,733. The circulating supply is determined by what is in the general public and the issuance plan for the development fund. Any tokens not in circulation or in reserve could be used to sell to future institutional buyers, enterprise buyers, or used for acquisition opportunities and these tokens are considered allocated for future uses. The total size of the development fund is 200,000,000 while what’s intended for the public is 800,000,000. The development fund exists to support the growth of the project including current and future team members or partners that can help in building the products of the company. While the company has considered a burn for some tokens, no plan is currently in place for a burn. Some tracking websites had reported ClearCoin’s circulating supply as 800,000,000. However, 800,000,000 represents the size of the public allocation of tokens while the true calculation of circulating supply is 527,873,733. All tracking websites are being asked to put the correct circulating supply.

How do I view ClearCoin (XCLR) in my wallet?

In the ClearCoin dashboard, you will be able to observe the balance in the right module.

How do I use XCLR on a decentralized platform like IDEX and ForkDelta?

When withdrawing from a decentralized platform like IDEX or Forkdelta, you may need to send less than the full amount. For example, if you are seeking to withdraw 100 XCLR, you should withdraw 99.99999999 XCLR instead of 100 XCLR. There are 8 decimal places so the previous example uses eight 9’s. The reason for not sending the full amount is an issue with the smart contract that cannot be patched (because smart contracts are immutable). Please email help@clearcoin.co if you need further assistance.

Are ClearCoins transferrable?

ClearCoin is a utility token to be used on the ClearCoin platform. The token can be transferred between ERC20 compatible wallets. Please click here for the list of supported wallets.

Whitepaper

ClearCoin’s Whitepaper is embedded below.

 

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