How Jarsy's Pre-sell Token Works
What is Jarsy's Pre-sell Token
Jarsy's Pre-sell Tokens are issued by Jarsy and grant holders priority access to acquire asset-backed tokens of a specific company. Each Pre-sell Token is backed by 1 U.S. Dollar. Once Jarsy acquires the corresponding company shares and issues the asset-backed tokens, these tokens are first allocated to Pre-sell Token holders on a first-come, first-served basis. During allocation, Pre-sell Tokens are converted into asset-backed tokens at the current asset-backed token price plus applicable fees. After all Pre-sell Tokens have been fulfilled, any remaining asset-backed tokens become available to other investors.
How to Invest in Pre-sell Token
The investment process for buyers on Jarsy involves several steps:
Account Creation: Investors sign up for a Jarsy account, which includes a KYC (Know Your Customer) process. Investor will also be assigned with a self-custodial wallet with everything pre-configured.
Funding the Account: Investors can add funds to their Jarsy account using either USDC via crypto transfer or cash via bank transfer (available to USA/UK/Australia/HongKong/Japan/Euro/Canada/Singapore).
Browsing and Investing: Users can easily browse available Pre-Sell Tokens representing various companies, each with clearly outlined pricing and fees for conversion into Asset-backed Tokens. Each Pre-Sell Token offering includes a specified End Date—by which time Jarsy will either complete the acquisition of the underlying company shares or not. Depending on this outcome, Pre-Sell Tokens will either convert into Asset-backed Tokens or be fully refunded. Users who agree to these terms and conditions can then proceed to purchase the Pre-Sell Tokens.
Transaction Confirmation: After reviewing and agreeing to the process and terms, users confirm the transaction by providing their signature. Jarsy will then finalize the transaction and transfer the corresponding Pre-Sell Tokens directly to the user's wallet.
Allocation: Once Jarsy successfully acquires the underlying shares before the specified End Date, users' Pre-Sell Tokens will automatically convert into Asset-backed Tokens, with applicable fees charged during the conversion. The conversion occurs on a first-come, first-served basis, giving priority to early purchasers. Users will receive a settlement email confirming the transaction details.
How Jarsy prices Pre-sell Token
Each Pre-sell Token is backed by 1 U.S. Dollar, and therefore priced at exactly $1. There are no fees associated with purchasing Pre-sell Tokens.
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