FAQ

FAQ for ASTL Token and ASTL.IO

About ASTL

What are the goals of the project?

We have created an easy way for anyone to get a stable passive income from mining, which does not require the purchase of expensive mining equipment, maintenance and connection. ASTL Token helps to overcome the main barriers to making a profit and lower the threshold for entering a profitable business through mining.

What is ASTL Token?

ASTL is a token for indicating investment in mining, backed by the real computing power of the entire project. By purchasing ASTL Token, holders get the opportunity to make passive income in a stable cryptocurrency, not dependent on fluctuations in exchange rates, political or economic situation, using part of the ever-growing computing power of the fleet of devices involved in diversified cryptocurrency mining. Income is accrued on actually invested funds and is paid monthly or weekly directly to your USDT wallet.

How does ASTL token work?

Each ASTL token corresponds to a portion of the computing power of the mining hardware. By purchasing an ASTL token, the holder gets the opportunity for a stable passive income from a part of the computing power of the fleet of devices involved in mining. After purchasing an ASTL token, he begins to receive a monthly or weekly stable reward in USDT to his wallet directly from the pool. Income is accrued once a month, starting from the first day of purchase and verification.

How is ASTL different from other tokens?

Each holder of ASTL tokens begins to receive a stable, predetermined as a percentage of the investment amount in terms of USDT on the day of purchase, passive income to their wallet directly from the pool.

In what media can I read about ASTL?

All media publications about the ASTL Token can be found on the our project official site https://astl.io Also, you can read more about the project in our blog on the Medium portal, on Telegram, Twitter, Reddit, Facebook and LinkedIn.

How can I contact ASTL Project?

NONE OF THE ASTL (Astol Token Project, https://astl.io) EMPLOYEES HAVE THE RIGHT to contact you on their own behalf or on behalf of the project in any instant messengers, social networks (such as Twitter, Telegram, LinkedIn, Facebook, Reddit , Media, VK or YouTube, as well as via Viber, Skype or WhatsApp) or by e-mail with requests for assistance, financial assistance, as well as offers to buy/sell/exchange ASTL Token privately or on any exchange or in any cryptocurrency exchange.
If you have received a similar offer regarding ASTL Token, you should know that this is most likely a scam.
Please report such cases to our mail info@astl.io or write in the Telegram channel or through Support Form at our site.

ORIGIN AND LOCATION OF THE ASTL PROJECT

Where can I find the ASTL project?

The ASTL Token Project (Astol Token Project), developed and implemented by Astol Advanced Limited (Hong Kong) exists ONLY on the site https://astl.io. The existence of projects that are identical or literally similar in name has nothing to do with our initiatives.

What protocol is ASTL Token based on?

The ASTL token (Astol Token) was created and exists only in the Erc20: https://etherscan.io/token/0xed1036400c9B2b4b7cA59F6Ba2122f839A76Bd9A

We HAVE NOT REGISTERED ASTL Token in any other networks (for example, Bsc20), and existing projects that are identical tokens names HAVE NO RELATIONSHIP TO OUR PROJECT and are scam.

HOW TO REGISTRY AND LOGIN TO MY ACCOUNT

Why should I register my own account?

Registering your own account on the site https://astl.io will give you the opportunity to buy ASTL Token at any time, view the list of your purchases, balance, accruals for purchases, accruals for referral and other programs and initiatives of our project.

HOW TO MAKE AN ASTL TOKEN PURCHASE

Where can I buy ASTL Token now?

The ASTL token (Astol Token) is currently NOT TRADABLE and is NOT PLACED ON ANY EXCHANGE until we have carried out the ICO/IEO exchange procedure. None of the centralized or decentralized. We did not list ASTL (Astol Token) ANYWHERE.

As a result, the ASTL token can currently be purchased ONLY on the project website https://astl.io and nowhere else. If you are suddenly offered to buy/sell or exchange ASTL Token privately, through any exchange or crypto exchanger, this is a scam.

HOW TO PASS KYC

WHAT IS KYC?

KYC literally stands for Know Your Customer. This procedure includes certain rules for checking customers, which are used by banks, exchanges and other companies that work with private money.

  1. Client identification (who conducts the operation?)
  2. Legality (on what grounds is the operation carried out?)
  3. The essence of the operation and its risks

KYC is completed only when the organization you are contacting receives answers to these three questions. In order to finish this process, the client must provide a package of documents with information about himself.

WHAT IS THE MAIN PURPOSE OF KYC?

First of all, KYC is aimed at protecting financial institutions from illegal and fraudulent use of the services they provide. In particular, this applies to money laundering and terrorist financing.

WHY DO I NEED TO GO THROUGH KYC?

ASTL Token holders must go through KYC in order to protect their addresses and transactions from illegal and fraudulent activities. Also KYC passing gives an opportunity to buy ASTL Token in a personal account.

Technical equipment

What pools do you work with?

We are currently working with the Binance Pool

What devices do you mine on?

At the moment, we use 10 models of miners, and mining is carried out both on specialized latest ASICs equipment and on rigs with the latest GPUs from AMD

What part of the funds is spent on updating the equipment fleet?

According to the investment chart on the main page, at least two-thirds of the incoming funds are used to build a fleet of new mining farms and green energy production devices, as well as power infrastructure.

Environmental friendliness

How eco-friendly is your mining method?

We strive to obtain electricity for our data centers from renewable energy sources: hydroelectric power plants, solar panels and wind turbines. The generated “green” energy is used to power mining farms, and the distribution of energy through the inverter and the corresponding connection channels is carried out by AI in real time.

What can happen in the event of a power failure?

In case of a short-term power failure, a secondary battery-based power system comes into action, and only in case of long-term power consumption problems, the AI can connect the general power supply, or else reduce the power consumption of the mining farm. In the event of any failure of the AI, it is always possible to switch to semi-automatic power management carried out by the operator of the mining farm.

Legality

Is it legal to use the ASTL token?

A token is a crypto asset issued in full compliance with the jurisdiction of Hong Kong. The rules for using crypto assets may differ depending on the country. Before purchasing ASTL Token, we strongly recommend that you familiarize yourself with the crypto asset legislation in your country.

Do I need to pay taxes on my rewards from mining?

Rewards from operations with crypto assets differs depending on the country you live in. Before purchasing a ASTL Token, we recommend that you familiarize yourself with the tax laws of your country.

Security

What are the guarantees that the equipment will not be disconnected from the network?

We use the additional support of industrial power grids, as well as our own substations with a backup connection, which guarantees the uninterrupted operation of our equipment.

Who owns the main wallet and smart contract?

The main wallet and smart contract belongs to our team.

What is KYC?

KYC literally stands for Know Your Customer. This procedure includes certain rules for checking customers, which are used by banks, exchanges and other companies that work with private money.

  1. Client identification (who conducts the operation?)
  2. Legality (on what grounds is the operation carried out?)
  3. The essence of the operation and its risks

KYC is completed only when the organization you are contacting receives answers to these three questions. In order to finish this process, the client must provide a package of documents with information about himself.

What is the main purpose of KYC?

First of all, KYC is aimed at protecting financial institutions from illegal and fraudulent use of the services they provide. In particular, this applies to money laundering and terrorist financing.

Why do I need to go through KYC?

ASTL Token holders must go through KYC in order to protect their addresses and transactions from illegal and fraudulent activities. Also KYC passing gives an opportunity to buy ASTL Token in a personal account.

I was contacted by a ASTL Project representative. How do I know it's not a scammer?

If you have any doubts about the person who is trying to contact you and offer their services or sell the ASTL token on behalf of our project – please feel free to contact us by mail support@astl.io or in the English telegram channel https: //t.me/aslttoken_eng

Future plans

Will you go public?

Certainly. Our plans include the transfer of the ASTL token from not yet traded to the category of tokens traded on crypto exchanges with the corresponding inclusion in the catalogs of exchange quotes of cryptocurrencies. Of course, we do not aim at listing on Binance right away. But we will conduct IEO/ICO on exchanges from the list of the top 50 and according to CoinMarketCap and CoinGeko.

Are you preparing for the transition from PoW to the Ethereum 2.0 PoS algorithm?

Without a doubt, as noted in our long-term development plans, we are going to create a specialized pool to continue working with Ethereum. Judging by the speeches of responsible persons, such a pool will need to be created no later than the beginning of 2023.