CanYa Now Listed On Hong Kong Exchange Gatecoin

Hong Kong | 7th of March 2018 – CanYa is very excited to announce that we are now listed on Gatecoin. Gatecoin is a top-tier Hong Kong exchange that has fiat as well as crypto pairings.

Gatecoin is an exchange that through an intuitive trading platform, enable individuals and institutions around the world to trade and invest in a wide variety of cryptocurrencies and blockchain assets.

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It was the first exchange to provide direct participation in token generation events (TGEs) or initial coin offerings (ICOs).

The exchange enforces strict know-your-customer (KYC) and anti-money laundering (AML) compliance policies in accordance with the Hong Kong Anti-Money Laundering Ordinance (AMLO) and global best practices.

Gatecoin’s exchange infrastructure is designed, monitored and audited by world-class security experts to prevent theft of client assets and information. The majority of blockchain asset deposits are stored in offline multi-signature hardware wallets (cold storage).

Thanks to their international payments network, their clients can fund their accounts through fiat currency bank transfers in HKD, EUR and USD.

Despite the name, Gatecoin is not a coin, and has no intention of creating or listing an eponymous cryptocurrency.


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CAN ICO – Important Update #2

Since the pre-sale in mid October 2017, the CanYa team have been working furiously to deliver the promised CanYa platform in line with our road map. The team has been able to form a number of high level partnerships with some of the best blockchain platforms on the market today.

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These partnerships include the Trust Wallet, Digix, Indorse, Madana & Qiibee. Working and integrating with these platforms will significantly reduce our development costs and increase our viral marketing capability.

CAN ICO – Only raising the ETH we actually need!

With the strategic partnerships that we have gained, our post-ICO costs have been significantly reduced; we can simply integrate the existing partner technology/platforms and not develop them ourselves.

Additionally, the Ether price has increased significantly since August and we need commensurately less Ether to roll out our roadmap.

Because of these savings, an increased Ether price and ongoing engagement with the CanYa community, we have reconsidered how much ETH we truly need to raise and have decided to halve the public sale ETH amount.

We will do this by doubling the ETH:CAN conversion for all pre-sale/ICO participants.

  • All existing CAN ICO participants with simply get their amount of CAN doubled (via an airdrop of CAN tokens – everyone will be emailed to coordinate the remaining disbursement at when the ICO concludes)
  • All future CAN ICO participants will get twice as much bang for their buck!

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To burn or to ice unsold tokens?

We have an incredibly engaged CanYaCoin Community that are encouraged to ask us the hard questions. We pride ourselves on continually assessing the cryptocurrency landscape and changing ICO environment and we want to maintain as progressive as possible. Our community kept asking us what we were going to do with unsold CAN tokens, so our answer is as follows.

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All unsold public sale tokens will go to the asset contract. The details of the Asset Contract can be found on page 18 of the CanYaCoin Whitepaper but fundamentally, all unsold tokens will be distributed into the CanYa ecosystem via our Asset Contract.
CanYa asset contract
  • 30% of CAN tokens will go back to the community (via the Rewards Pool)
  • 30% will go back to CanYa (to be ‘iced‘)
  • 30% will be burnt forever
  • The final 10% will go to the CanYa charity pool! Redistribute platform fees to those most in need.

U.S. Citizens?

As much as we would like to include the entire crypto-community in the CAN ICO, we have been advised by our legal teams (both in Australia and USA) that we cannot allow participation from U.S citizens unless they qualify as ‘accredited investors‘.

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Guidance on U.S Accredited Investors can be found at the U.S. Securities and Exchange Commission website. There are reputable legal entities like VerifyInvestor.com (or similar) that will provide evidence of your Accredited Investor status.

All U.S. IP address will be blocked on our CAN ICO sale page except for the approved Accredited Investors that were whitelisted by the Support Team. Apply to be recognised as a U.S Accredited Investor at support@canya.io.

KYC

The latest update the to CanYaCoin KYC can be found at ‘Important update to our KYC‘.

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Participation of 10ETH or less will not require KYC. This will remove a huge barrier of participation for the everyday CanYa supporter whilst still allowing us to protect the integrity of the CAN ICO by KYC verifying participants with larger amounts of ETH.

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Instructional Guides

Participating in an Initial Coin Offering is daunting for your first time and can feel like the Wild West. We have tried to make this as easy as possible for our Community by creating instructional (how-to) guides.

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If there is something that is not covered well enough in these guides or you have any doubts, please reach out to our community and team on the CanYaCoin Community Telegram Channel.

Dolphin Tier

The CanYa Dolphin Tier will remain live until the CAN ICO public sale begins on 26 November 2017. To capitalise on the 40% bonus and get immediate access to the CAN ICO, apply to become a CanYa Dolphin at dolphins.canya.io.

CanYaCoin Dolphin Tier

We have over 200 approved CanYa Dolphins that are already sharing the love of CanYa and participating in the CAN ICO. To see some of the successful CanYa Dolphins have a look at community.canya.io.

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CanYaCoin is the ERC20 token that powers the CanYa platform for P2P services

Important update to our KYC

The KYC Update

After consultation with our community and reflection upon the current ICO landscape, we have decided to update our KYC policy by lifting the 100% KYC check to include a tiered approach. The tiered approach allows us to include the everyday person, to which the P2P services marketplace is targeted, whilst still ensuring the integrity of the CAN ICO.

CanYa will be fulfilling ethical anti-money laundering practices as a sign of good faith to anticipated future regulation whilst still providing an opportunity for the everyday ICO participants.

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From this point forward, the KYC process for the CanYaCoin ICO will be as follows:

  • 0 – 10 ETH: KYC is not mandatoryhowever you are still encouraged to get verified.
    • You will simply confirm that you are not a US Citizen (unless you qualify as an ‘accredited investor’)
    • Confirm that you have read and understood the Terms of the Token Sale
    • Confirm that you have read and understood the CanYa Whitepaper
    • Make your final promise to not send ETH from an exchange (you will lose your tokens as you don’t own your ETH address).
  • More than 10 ETH: KYC is mandatory.

You can conduct KYC right now at verify.canya.io. Alternatively you can participate in the ICO (Stage 1 or Stage 2) by transferring your ETH to the contract address (revealed on 26 November 2017) and then retrospectively KYC before 01 January 2018.

If you have not KYC’d by the cut-off date, your ETH will be returned and you will not receive any CAN tokens.

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Thank you from the team

Thank you to our incredible community for your ongoing support and interest in CanYa’s upcoming ICO. We are truly humbled and appreciative of the effort taken by those of you who have put your trust in our team to process your personal information required as part of our Know Your Customer (“KYC”) process.

The ICO space is currently undergoing massive changes and we are doing our best to remain on top of all the upcoming regulatory oversight of various jurisdictions. By taking the lead in this new unregulated space CanYa positions itself in a favourable position to engage financial institutions and regulators to drive innovation in the services marketplace. This will help us to bring more amazing features to you.

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We at CanYa understand how sensitive your personal information is and we take it very seriously. To provide better clarification on how we are handling your data, here is how CanYa is processing your information and details on the vendors who have access to your information.

Why do we need your information?

Regulators and financial institutions around the world are concerned about money laundering and terrorist financing, and we are doing everything in our capabilities to keep the world safe. Performing these steps allows us to know who and where our sources of funds come from, and provide third parties that we engage with the comfort in knowing our sources of funds come from well intended contributors.

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How do we process your information?

We use IdentityMind, a third party vendor specialising in KYC/AML to screen your identity documents. We have reviewed IdentityMind’s Privacy Policy and they are compliant to PCI DSS (industry standards for credit card processing) and also complies with EU-U.S. Privacy Shield Framework. We review these results and store your name, email address, and ETH address in our system in order for us to process the whitelisting of your ETH address.

IdentityMind’s Privacy Policy can be found here.

How do we store your data?

We at CanYa do not store your personal information unnecessarily. We take the utmost care in protecting your personal information and currently store your personal information in the IdentityMind system; access to the information is only accessible to our Operations Team who are processing your data.

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Questions, queries or doubtful points?

We know that this is a rapidly changing landscape and we want to keep everybody informed as best that we can. If you have any questions, queries or doubtful points; please reach out to our amazing community or talk to the CanYa Team directly on the CanYaCoin Community Telegram Channel.

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CanYaCoin is the ERC20 token that powers the CanYa platform for P2P services

 

 

Important update to the CanYaCoin ICO #1

Our community spoke and we listened

Since the CanYa Whitepaper was first released in August 2017 – a lot has changed in the cryptocurrency landscape. The team has received heaps of feedback from community members and the new Advisory Board and we’ve decided to update the whitepaper and how the ICO will be conducted.

KYC

Know Your Customer‘ checks will be performed by CanYa for all ICO participants that contribute more than 10 ETH (EDIT: The latest KYC can be found at Important update to our KYC). This will be done for the following reasons:

1) As part of the CanYa Integrated Wallet service, we will be adding the ability for users to pay for services by credit card, and for providers to withdraw payments to their bank accounts. These fiat ‘on/off rails’ will eventually require regulated KYC/AML checks, so it is necessary we start the compliance process now.

2) There are a lot of scammy ICO projects out there, and increasingly people are finding it harder to sift through the noise. As we have a legitimate team, a legitimate product and a legitimate ICO, we will follow the example set by some of the better projects of the year, such as Kyber, Polkadot and Airswap, and include KYC.

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New ICO date: 26 November 2017

With the uncertainty surrounding both the Ethereum and Bitcoin networks with current forks, we think it is prudent to move our ICO date until after. This will give a chance to let the networks settle and reduce issues for the ICO.
You can now join the CanYa Live ICO: https://sale.canya.io

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Founder’s tokens are locked!

We received a lot of community feedback that we should lock the Founder’s tokens – and we agreed with all of the reasons. Our team believes firmly in the vision of the CanYaCoin and we are more than happy to oblige our community.

Our team is 100% committed to CanYa! As such, all Founder tokens will be locked in a smart contract for 12 months following the ICO. This decision was an easy one to make, our team is in this for the long haul!

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Updated Bonus Structure

Our community also publicly responded that they didn’t like the 4-stage sliding structure with the bonus structures, calling for it to be flatter. The points raised were that it would draw out the ICO and ICO participants would all get different prices for the CAN tokens. The community also felt that the big bonuses early on would cause a dump after the ICO – and nobody wants that!

As such we’ve decided to flatten the structure, with only two tiers. The first tier has a small bonus and rewards participants that get in on Day 1 on the ICO. The rest of the ICO is flat. (EDIT: The latest ICO structure is available in the CanYaCoin Whitepaper)

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The New ‘Dolphin Tier’

Our Advisory Board also highlighted the importance of having passionate and engaged members of the CanYa community. We want to foster an inclusive culture for our community and we have decided that the Dolphin Tier will help us with this.

Essentially a large bucket of CanYaCoins will be offered at a reasonable bonus to members of the Dolphin Tier. The Dolphin Tier will be reserved for members of the community who go out of their way to promote the CanYa Community, provide engagement in chat groups, or help out the ICO in any way.

The ICO is a big team effort from all members, so we’ve decided to reward our superstar community members accordingly. We will be sharing more instructions on how to enter the new Dolphin Tier shortly.

(Why Dolphin? Because Dolphins are friendly and everyone loves dolphins 🐬🐬🐬)

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CanYaCoin is the ERC20 token that powers the CanYa platform for P2P services