Category - Frequently Asked Questions (FAQ)

General information about Idoneus, IDON, blockchain and cryptocurrency in general.

What does Idoneus mean?

Date: December 19, 2020
By: Mark Niver
Categories: About Idoneus

How is Idoneus different from other luxury platforms?

Date: December 19, 2020
By: Mark Niver
Categories: About Idoneus

Where can I learn more about Idoneus?

Date: December 19, 2020
By: Mark Niver
Categories: About Idoneus

How can I contact Idoneus if I have more questions?

Date: December 19, 2020
By: Mark Niver
Categories: About Idoneus

What is IDON?

Date: December 19, 2020
By: Mark Niver
Categories: About IDON Tokens

What can I do with IDON?

Date: December 19, 2020
By: Mark Niver
Categories: About IDON Tokens

How many IDON Tokens are there, and can the supply of IDON be increased?

Date: December 19, 2020
By: Mark Niver
Categories: About IDON Tokens

Is IDON asset backed?

Date: December 19, 2020
By: Mark Niver
Categories: About IDON Tokens

How is the public price value of IDON protected?

Date: December 19, 2020
By: Mark Niver
Categories: About IDON Tokens

How is the price of IDON calculated?

Date: June 17, 2021
By: Marco van der Weijden
Categories: About IDON Tokens

Can I sell the IDON I hold at a price of my choice?

Date: December 19, 2020
By: Mark Niver
Categories: About IDON Tokens

How can IDON be acquired?

Date: December 19, 2020
By: Mark Niver
Categories: About IDON Tokens

What are the authorized places to buy, sell and trade IDON?

Date: December 19, 2020
By: Mark Niver
Categories: About IDON Tokens

How does Idoneus comply with regulatory oversight for people who are interested in purchasing IDON?

Date: December 19, 2020
By: Mark Niver
Categories: About IDON Tokens

Are there any restrictions regarding who can purchase IDON?

Date: December 19, 2020
By: Mark Niver
Categories: About IDON Tokens

I am a citizen or resident of the United States of America. Can I purchase IDON?

Date: December 19, 2020
By: Mark Niver
Categories: About IDON Tokens

Can I convert IDON into fiat currency (Euro, US Dollar, or AED for example)?

Date: December 19, 2020
By: Mark Niver
Categories: About IDON Tokens

Can I convert IDON to other cryptocurrencies (BTC, ETH, etc)?

Date: December 19, 2020
By: Mark Niver
Categories: About IDON Tokens

How does my IDON get taxed?

Date: December 14, 2021
By: Marco van der Weijden
Categories: About IDON Tokens

How to add (non-upgraded, Ethereum-based) IDON as a Custom Token in your Wallet

Date: December 20, 2021
By: Marco van der Weijden
Categories: About Wallets & Transactions

How do I safely store and use my IDON Tokens?

Date: December 19, 2020
By: Mark Niver
Categories: About Privacy & Security, About Wallets & Transactions

What happens if I lose access to my digital wallet that holds IDON?

Date: December 19, 2020
By: Mark Niver
Categories: About Wallets & Transactions

What is a hardware wallet and how to use it?

Date: December 19, 2020
By: Mark Niver
Categories: About Wallets & Transactions

What are Seed Phrases, Private Keys, Public Keys, Public Addresses?

Date: December 19, 2020
By: Mark Niver
Categories: About Wallets & Transactions

Why do I need ETH in my wallet, and where can I purchase some?

Date: December 19, 2020
By: Mark Niver
Categories: About Wallets & Transactions

Why do I have to go through a thorough onboarding process?

Date: December 19, 2020
By: Mark Niver
Categories: About KYC & Account Opening

How do I become a verified user on the Idoneus Platform?

Date: December 19, 2020
By: Mark Niver
Categories: About KYC & Account Opening

What restrictions are in place for becoming a client?

Date: May 6, 2022
By: Marco van der Weijden
Categories: About KYC & Account Opening

How do I edit or cancel my booking or purchase?

Date: December 19, 2020
By: Mark Niver
Categories: About Platform Usage

How do I pay for assets, goods and services in IDON?

Date: December 19, 2020
By: Mark Niver
Categories: About Platform Usage

Can I pay in USD or any other currency?

Date: December 19, 2020
By: Mark Niver
Categories: About Platform Usage

Can I pay in BTC or any other cryptocurrency?

Date: December 19, 2020
By: Mark Niver
Categories: About Platform Usage

Why am I requested to pay part of the fee in cash?

Date: December 19, 2020
By: Mark Niver
Categories: About Platform Usage

How can I sell or rent my luxury asset, good or service through the Idoneus Platform?

Date: July 16, 2021
By: Marco van der Weijden
Categories: About Asset Acquisition & Partnerships

What are the steps required to complete a sale of my asset to Idoneus?

Date: December 19, 2020
By: Mark Niver
Categories: About Asset Acquisition & Partnerships

What are the advantages to trading physical assets for IDON?

Date: December 19, 2020
By: Mark Niver
Categories: About Asset Acquisition & Partnerships

I am a luxury property manager, yacht broker, fine jeweler, art dealer or otherwise commercially involved in the luxury asset, goods, and/or services market, and am interested in a partnership.

Date: December 19, 2020
By: Mark Niver
Categories: About Asset Acquisition & Partnerships

Can I trade or sell my high value assets to Idoneus?

Date: December 19, 2020
By: Mark Niver
Categories: About Asset Acquisition & Partnerships

In my country there are certain hard costs such as transfer costs or closing fees which must be paid in cash when an asset sale is completed. If Idoneus acquires my asset, who pays for this?

Date: December 19, 2020
By: Mark Niver
Categories: About Asset Acquisition & Partnerships

I am uncertain if cryptocurrencies can be used as method of payment for my asset because my local legal counsel is unfamiliar with how to complete a sale transaction with IDON instead of money.

Date: December 19, 2020
By: Mark Niver
Categories: About Asset Acquisition & Partnerships

What do you do with my personal data?

Date: December 19, 2020
By: Mark Niver
Categories: About Privacy & Security

Is Idoneus anonymous?

Date: December 19, 2020
By: Mark Niver
Categories: About Privacy & Security

How can I make my online accounts more secure?

Date: February 10, 2021
By: Marco van der Weijden
Categories: About Privacy & Security

How to avoid phishing and online scams?

Date: February 10, 2021
By: Marco van der Weijden
Categories: About Privacy & Security

What to do when hacked/clicked on a malicious link?

Date: August 6, 2021
By: Marco van der Weijden
Categories: About Privacy & Security

How to ensure you receive all emails from Idoneus in your inbox?

Date: February 19, 2021
By: Marco van der Weijden
Categories: About Privacy & Security