In order to participate in the Tea Token Sale, users will need to fund their CoinList Wallet with the minimum purchase amount ($100 in USDC, USDT, or USDe). There is no pre-funding deadline, but users will need their funds in their CoinList wallet to submit a purchase request within the 7-day timeframe, September 25 at 17:00 UTC to October 2 at 17:00 UTC, to be eligible to receive a TEA allocation.
In accordance with the Markets in Crypto-Assets Regulation (“MiCA”), purchasers residing in the European Union have the right to withdraw from their purchase of their digital asset within 14 days from the purchase period.
Exclusions:
This right of withdrawal does not apply if:
The digital asset has already been transferred to your wallet or made accessible for use before the withdrawal period expires, with your prior consent.
The purchase falls under exceptions permitted under MiCA or other applicable regulations.
In order to ensure the smooth completion of a time-limited offer to the public of crypto-assets, the right of withdrawal should not be exercised by retail holders after the end of the subscription period.
What does this mean?
If you’re in the EU, you may have the right to cancel your token purchase within 14 days of confirming it. But if the token sale has already ended, you can’t request a refund, even if you’re still within the 14 days.
Examples:
Token Sale A: You registered for a sale that had a 1-week purchase window. You request a refund 10 days after confirming your purchase.
You do not have the right to request a refund since the purchase period is over.
Token Sale B: You registered for a sale with a 2-week purchase window. You request a refund 10 days after confirming your purchase, while the purchase window is still open.
You do have the right to request a refund.
To request a refund, users must notify us in writing by sending an email to CoinList Support [support@coinlist.com] with the subject line "Refund Request – [[Token Name] Sale]" within the 14-day withdrawal period. The request must include:
User’s full name and email address associated with your CoinList account
A statement explicitly requesting a refund under your MiCA withdrawal right
Upon receiving a valid refund request, CoinList will process the refund to the original payment method within [3] business days.
By completing your purchase, you acknowledge and agree to this refund policy and the conditions under which it applies.
For further inquiries, please contact CoinList Support.
CoinList is committed to following all applicable regulatory guidelines. As a result, CoinList will not be able to offer TEA tokens for purchase during the Tea Token Sale to prospective participants in the United States (and its territories), Canada, as well as other unsupported jurisdictions.
We will display payment information when you complete your registration for the Tea Token Sale. Eligible purchasers can pay with Tether (“USDT”), USD Coin (“USDC”), or Ethena USDe* (USDe). Payments made in USDT or USDC will equate to the value of one United States Dollar ("USD") regardless of fluctuations in USDT or USDC. Payments made in USDe will equate to the value of 0.999 United States Dollar (“USD”), regardless of fluctuations in USDe. For example, to make a $100 USD purchase, $100.10 worth of USDe is needed.
There are no fees associated with purchasing tokens with USDC, USDT, or USDe. You can deposit USDC, USDT, and USDe into your CoinList Wallet anytime at https://coinlist.co/wallets.
*Users can earn up to 6% APY in rewards. These rewards will accrue until October 9, 2025. If you do not successfully receive an allocation, then you will be refunded your original USDe purchase and continue earning rewards.
In order to be eligible to participate in the Tea Token Sale, users must fund their CoinList Wallet with the minimum purchase amount ($100 in USDC, USDT, USDe) as well as pass KYC verification.
Once the sale begins, users will be prompted to submit a purchase request, with a limit set between $100.00 and $500,000.00. You can not submit a purchase request that is larger than the amount of USDC, USDT, USDe that you hold on CoinList.
After the purchase period closes, October 2, 2025 at 17:00 UTC, allocations will be selected at random based on the ‘Filling from the Bottom” allocation method. Users will be informed of the final allocations within 5 business days of October 2, 2025 at 17:00 UTC.
Users who are not selected to receive an allocation will receive their funds back in their CoinList Wallet within 5 business days of October 2, 2025 at 17:00 UTC.
To learn more about the "Filling from the Bottom" Allocation Method, see here.