I am curious about how you are going to implement this technology. I love the aspect of buy back and protecting investors too. In the near future things are going to be more technologically sophisticated. Am still reading about the project.
DAICO of WINBIX is based on a smart contract. Its function is not only to sell tokens and accumulate the collected funds, but also to ensure its safety. The project team will not be able to access the funds in a different way than it was described in the Whitepaper. As for WINBIX, it means that the team can use the collected funds for the development purposes of the project in the amount which is not larger than it was described in the Whitepaper. For the first month, this amount is equal to 2% of the funds raised, for the second 2%, for the third 3%, and so on. The smart contract will not allow withdrawing the funds in a larger volume. At the same time, investors retain the option to return their tokens into a smart contract to withdraw their investments. Also, the smart contract provides a refund to investors in the case of non-collection of the soft cap.
The code of our smart contracts is open, it can be found on GitHub via the link
https://github.com/winbix/smartcontracts, and on
https://etherscan.io at the addresses of smart contracts. All our smart contracts are verified, the code is available for viewing directly on
https://etherscan.io.
