Is this an ICO, can I get scammed?
No, we don't have an ICO and we never will. Also, we have no control over the collected funds. They are managed by the rules set in the decentralized application's public smart contracts. All decisions are made by the participants in the platform and their actions.
What is the "refund pool"?
A collective pool of funds with high liquidity, used for refunding investments in failed, abandoned or terminated ICO projects and protection against token's drop in value. The collective refund pool includes:
Pool contributions - the 'fees'. A contribution to the refund pool is a fixed one-time payment of 20% from the total investment made in a project, for users registerеd without an affiliate link and 18% for referred ones.
Collateral deposits of supporters - supporters (including owners) of a project can increase its protection rate and boost its visibility in the listing by making a special kind of pool payment that is repaid back to them if the project doesn't need to be refunded during its coverage policy. This way they help the investors and make a statement about the support that the project has.
Other payments in the dApp's ecosystem - for example, dispute collaterals from false public votes. See the official documentation for more ››
How do you make money?On every new insurance request and supporter's collateral deposit, a part of the payment is earmarked to the platform resources account used to:
- Supply with gas the Ethereum account that automatically triggers on a certain interval of time a set of utility functions, responsible for maintenance tasks related to the dApp's functionality;
- Fund the front-end servers and other infrastructure;
- Fund other platform related operations, such as development, project research and monitoring, marketing;
Who decides if a project has failed or not?
Please refer to the "Reaching consensus over a project status in a DAO" section of the documentation.
Which ICO/STO platforms are supported by the dApp?
As of right now - only Ethereum. We are actively working on choosing the best possible solutions for adding more while keeping intact the fully decentralized and transparent nature of the application.