what happens to the unsold coins? are they burned?
Yes. The only R3D that will ever be in circulation will be what is sold during the CFC (assuming we reach our minimum of 800,000,000 R3D sold). No new R3D will ever be created.
I am confused. So if the CFC doesn't sell out... all the BTC gets returned and the project never happens?
The project will happen, that's for certain. We're working too hard, and believe too strongly in what we're doing. If we don't meet the minimum for the CFC at Bittrex, we have an alternative solution which will go into effect directly following it most likely. We're just working the details out.
Best regards,
syntaks