1. What is Clanster?
Clanster is a novel Social Trading App. You can explore and join interesting Creators worldwide and trade their Bits to make money. You can also create your own Clan and earn from royalties when people trade your Bits.
2. What is a Clan?
A Clan refers to a private community built by a creator inside the App.
3. What are Bits?
Bits are units of value that are tradable on the Platform, you can think of it like shares.
4. What does 'Minting' a Bit mean?
'Minting' refers to the process of 'creating' a Bit in the system. A 'Bit' once minted becomes available for everyone to trade.
5. What are Points?
Points refer to the native currency of the Platform. Each Point is equivalent to $1.
6. How do I earn Reward Points?
Reward Points are automatically awarded for your activity on the platform. You can earn Reward points by trading, referring friends, joining new clans, posting, commenting, and more. Each Reward Point is equivalent to $1.
7. How do I get started?
Get started in five simple steps below.
STEP 1 : Register using a valid email address.
STEP 2 : Buy Points
STEP 3 : Mint your Bit AND/OR Buy other's Bits
STEP 4: Join different Clans
STEP 5: Trade & Vibe
8. How are Bit Prices determined?
We have implemented an algorithmic Linear Bonding curve which determines the price based upon the circulating supply of the Bit. A Bonding curve is a mathematical model that defines the relationship between the price of an Asset to its supply.
9. What is a Multiplier?
A Multiplier is an entity that determines how the price of a Bit moves in relation to the supply. Higher the multiplier, faster the price moves.
Illustration:-
Multiplier chosen as 1:-
Price of each Bit = 1*n (n is circulating supply or Volume)
n = 1, Price of each Bit will be 1*1 = $1
n = 5, Price of each Bit will be 1*5 = $5
n = 100, Price of each Bit will be 1*100 = $100
n = 500, Price of each Bit will be 1* 500 = $500
Multiplier chosen as 2:-
Price of each Bit = 2*n (n is circulating supply or Volume)
n = 1, Price of each Bit will be 2*1 = $2
n = 5, Price of each Bit will be 2*5 = $10
n = 100, Price of each Bit will be 2*100 = $200
n = 500, Price of each Bit will be 2* 500 = $1,000
10. What are the benefits for a Bit / Clan Creator?
By minting a Bit, you are essentially allowing others to trade your personal value in the form of Bits. As a Creator, you earn 5% as royalty for every trade of your Bit. Also, if you build a clan, you can connect with your followers closely, share value and grow your global presence. The more value you provide to your clan, the better is your Bit Price.
11. How do I verify the authenticity of my Bit Price?
Everyone on the Platform will know who is holding how many Bits of who under the 'Bits' section. As a creator, you will know who is buying and selling your Bit in real time under 'Live Trades' section of ‘Portfolio’ Page.
12. I'm a Creator, how do I increase visibility on the Platform?
You can grab one of the Top 50 randomly assigned 'Featured' spots available and become increasingly visible across the Platform. You can also choose to 'Pin' your Profile to the Top 5 spots for the selected duration by paying a small additional fee.
In case the spots are full, you join the waitlist and get listed automatically when a spot is available again. You can request for this under 'My Profile' section of the App.
13. What are the benefits for Clan Members / Traders?
You gain value from the creator and like-minded members of their clan. You also stand a chance to make substantial profits from trading their Bits if you time your trades correctly. Imagine buying a Bit of someone when it was $10, and the price now is $1,000!?
14. What are the Referral benefits offered?
You earn 1% of all the Trading Activity that your Referral does on the Platform for lifetime. Please note, your active investments must at least be 3x the amount you wish to withdraw from your Referral Wallet.
15. What are the Fees involved?
5% of every trade goes to the Creator of the Bit, 5% goes to Clanster and 1% goes to the Referrer.
16. What is the minimum Deposit and Withdrawal amount?
Minimum Deposit is $10
Minimum Withdrawal is $10
17. How do I withdraw funds into my Account?
Go to Withdrawals section under the App. Input your Wallet address (For Crypto) / Account details (For Fiat) and click submit.
18. How long does Withdrawals take?
All withdrawals are processed within 48 hours of placing the request. Please do not write to us before 48 hours.
19. It keeps saying 'Insufficient Balance' even though I have the Balance?
'Insufficient Balance' is shown when the amount you have does not cover the transaction fees. All transactions incur an additional 11% as fee (5% to Creator, 5% to Clanster and 1% to Referrer). Please top-up your account to continue usage.
20. Do you have a Mobile App?
No, we only have a browser based App currently, we will develop a Mobile App later. However, our web App is fully responsive and you can use it on your Mobile almost like a Mobile App. Simply, open the website on any Browser, click on options and add it to your 'Home Screen'.
21. Do you have official Community?
Not at this time, but an unofficial early members group can be found on Telegram -> https://t.me/tcmcrew
22. I don’t have a Referral Link, how do I join?
Referral Link is mandatory for signup to our Beta. If you do not have one, please contact our support on support@clanster.social.
23. Who do I contact for issues?
Please write to us on support@clanster.social or for a faster response, talk to members of the Telegram community mentioned above.
24. How long does it take for my support ticket to be resolved?
All support tickets are processed within 48 hours of placing the request. Please do not write to us before 48 hours. In cases of emergency only, reach out to us on Telegram.