I bring some more details regarding the investment stages. Following the Kozakcoin launch, investors will receive a chance to purchase a fixed percentage of Kozakcoin. The first FIPO stage will last up to seven days with the total amount of 0.75% coins being availible for redistribution among investors. The FIPO system utilized during this stage ensures that the amount of coins to receive per BTC invested is known in advance.

The first FIPO stage will have a 50% bonus for the amount of BTC invested. After the initial FIPO stage, there will be two subsequent FIPO stages with 30% and 10% bonuses, respectively. The fourth and fifth investment stages will be standard IPO stages. What we call standard IPO means that the total number of coins reserved for these stages will be distributed proportionally after each stage ends, i.e. the amount of coins to receive by an investor is dependant on the total BTC amount raised.

Because of the fair amount of trafic to our website in the last few days, we fear that the FIPO stage might be over soon after it starts. To ensure equal conditions for all participants, we decided to make the wallet application available a day in advance and set an exact starting time for the FIPO. The updated starting time is now 7 May 2014, 18:00 GMT (with a countdown to be published on the website).

Stay tuned for our next update concerning the wallet release and perhaps some information about current situation in Ukraine (provided there is any demand for such kind of info, that is).