RadioYo FAQ

Last updated January 4, 2018

BASICS

RadioYo Inc. is a Delaware C corporation. Our office address is 4023 Kennett Pike, #700, Wilmington, DE 19807. Telephone number is 302-482-4977.
People are using RadioYo to broadcast live online radio shows and broadcast prerecorded podcast episodes. Currently, we have more than 1100 people registered on the site and more than 400 shows created.

There’s nothing holding people back from hosting a show they’re passionate about whether it's online gaming, science fiction, finance, youth/family, politics, sports, entertainment and lifestyle, arts and culture, education, business, cooking, travel or religion.

RAO SALE, DISTRIBUTION and FUND USE

RadioYo tokens use the symbol RAO. Pronounced “RAY” “O”
Yes, registration and KYC are mandatory to be eligible to participate in the RAO token distribution event. Our primary goal is to ensure we can build and maintain a strong community of RAO contributors. To this end, the information collected at registration will help us to 1) address compliance requirements and 2) allow as many participants to join the sale as possible.
Unfortunately, no. US citizens and residents are not allowed to participate in the RAO token distribution event due to US Security Law restrictions. We wholeheartedly respect all country laws in all locations we operate, and urge you to obtain more information regarding specific financial laws in your jurisdiction.
Participant verification could take up to three business days, after which time you will be notified via email of your eligibility to participate in the RAO token distribution event.
If your registration was denied, please contact us at radioyo-ico@radioyo.fm for further support.
RadioYo plans to add podcaster and independent broadcaster ownership information onto the blockchain while expanding its current platform to include a decentralized ecosystem for podcasters, online broadcasters, independent media, and online publishers worldwide.
During the RAO token distribution event, tokens are available in specified tiers by purchase amount. The smallest tier of tokens available is 500 and the largest tier of tokens is 250,000.
Once the RAO token distribution event concludes we will take approximately 10 days to finalize all calculations and to distribute tokens to participants.
100,000,000 tokens are being produced. Of that 33% or 33,000,000 tokens are available during the distribution event. You can find the terms here https://rao.radioyo.fm/ - work
No, bonuses are not being paid out to anyone. It’s important to us that everyone participating is on a level playing field whether you’re interested in 500 tokens or 250,000 tokens. In our RAO token distribution event there are no favorites everyone is equal.
No, RadioYo has not plans to start a bounty program for the RAO token distribution event or pay bounties. First, we feel bounties diminish the value our community brings to the project. And second, it’s important to us to have a token distribution event that is highly transparent. Obviously we want a successful event, but we also want people to walk away thinking, “hey that RadioYo team really has their act together and they’re setting a standard for how ICOs should run.”
Yes, tokens distributed as part of the RAO distribution event to management and employees have a six-month lock-up period.
No, because RAO is a token issued on Ethereum blockchain, so you need to have an Ethereum address to receive and store your RAO tokens. You can use any Ethereum wallet: Ethereum wallet, Mist, Parity, MyEtherWallet.com, etc or any other wallet where you have access to the wallet private keys.

IMPORTANT NOTE: Do not deposit Ethereum to the RAO token distribution event using a cryptocurrency exchange account! You don’t own your crypto exchange ETH address private key, so will not be able to access your RAO tokens!
One of our primary objectives is to maximize participation (i.e., ensure as many people as possible may participate in the RAO token sale). We are asking participants to specify at registration the Ethereum address they will use for the token distribution event as this will help us to manage and promote a more equitable token distribution. We will be sharing more details on our approach in the coming weeks.
No, the Ethereum address you provide during registration will be the only address from which you may purchase RAO with during the token distribution event. If you would like to update your Ethereum address to another, you may use the same email to go through the registration and KYC flow again -- as long as the registration period is still open.
RAO is an Ethereum-based ERC-20 token. Token holders can store and manage their tokens using existing ERC-20 compatible wallets or clients. Purchase using token exchanges is NOT supported for participation in the RAO token distribution event.

The following wallets are compatible with Ethereum tokens (ERC20 standard) and may be used to purchase RAO:
DO NOT use any of the following wallets/exchanges for purchase of RAO tokens (this is not an exhaustive list):

Any Ethereum or Bitcoin exchange such as:
  • Bitfinex
  • Bitrexx
  • Bitstamp
  • Cex.io
  • Coinbase
  • Exodus
  • Jaxx
  • Kraken
  • Poloniex
You will know that your purchase was successful as you will be notified by e-mail upon successful transfer of your ETH or BTC to the RAO token sale address. At any time, you can log into your dashboard at https://crowdsale.dubercoin.com using your e-mail address and password. Here, you will be able to view the number of ETH or BTC you’ve contributed, and the number of RAO tokens you will receive in exchange.

RAO and RADIOYO

RAO is a utility token based on the Ethereum technology that can also be used as a unit of account between advertisers, content creators, service providers and users in RadioYo’s blockchain-based broadcasting and services platform. The token is not a digital currency, security or a commodity.
The utility tokens are intended for use within the RadioYo platform, a Blockchain-based broadcasting and services platform. Ownership of the tokens carry no rights other than the right to use them as a means to obtain services on the RadioYo platform, and to enable usage of and interaction with the platform, if successfully completed and deployed. The tokens do not represent or confer any ownership right or stake, share or security or equivalent rights, or any right to receive future revenue shares, intellectual property rights or any other form of participation in or relating to the RadioYo platform, and its affiliates.  The tokens are not refundable and are not intended to be a digital currency, security, commodity or any other kind of financial instrument.

The RAO token distribution offering should not be viewed as an opportunity to profit. There should be no reasonable expectation of profits derived from the entrepreneurial or managerial efforts of the Company or its creators should the Company be successful in its efforts to develop its business.
RAO is a utility token meant for use within RadioYo's blockchain-based broadcasting and services platform. It will be transferable. We are in negotiations with various Exchanges about listing the RAO on their exchanges. As soon as we have more information, we'll pass it along through our various social media channels.
We are confident that the RAO Token is properly classified as property with utility on the platform we are building, and not a security. We were glad to see the SEC call out utility tokens as unique from security tokens in their report on the DAO token (which was clearly a security, not a utility property). We welcome the SEC’s facts-and-circumstances approach and look forward to greater regulatory clarity and care over time.
Yes, there are many risks associated with token distribution events. That is why it is important to carefully conduct one’s own research and decide for oneself whether a given company and its associated ICO are trustworthy prior to investing. For a more detailed list of the risks associated with the RAO token distribution event please refer to the Disclaimer and Risks and Warning sections of the RAO white paper at https://rao.radioyo.fm/Content/whitepaper/RadioYo ICO (RAO) White Paper.pdf and the Terms and Conditions.