Re: [ANN][OPL] OnPlace Inc. – Become an investor of private companies

Quote from: JasonXG on May 25, 2017, 04:41:17 PM

It looks good and professional. How it will go well. Nothing to worry about so far and the Dev seems to know whst they doing. Smart contract is good. How exactly does it work though ? Who holds the ETH ? Is it held in one place then released if the minimum of 500k is not met ?

Quote from: FIND BTC9 on May 25, 2017, 11:27:15 AM

hi dev,is there a bounty on twitter and facebook ?

Roll Eyes

Dude....

Read. Its on the OP there is a link to the bounty thread.

Hi JasonXG,

Thanks for your feedback.

1. A smart-contract has a standard crowdsale algorithm. You send ETH and receive an OPL on your wallet. The OPL for sending is calculated by the formula:

Code:

soldTokens == amount / tokenPrice

Also, the transaction cancellation terms is added to the smart contract:

If you sent ETH that is not a multiple of the token cost.

Code:

msg.value % tokenPrice != 0

If you sent an exceeding amount of the total cost remaining tokens.

Code:

(tokensForSale - soldTokensCounter) * tokenPrice < msg.value

If all tokens are sold.

Code:

soldTokensCounter >= tokensForSale

These conditions are made in order to secure your funds, and you will receive exactly as many OPL tokens as you paid.

2. The amount up to $500k (Total sold: < 1666666 OPL) will be kept on the smart-contract account, and we wouldn't be able to transfer it to our account. If we do not collect the minimum amount, all ICO participants will be able to get return of their funds through safeWithdrawal() (Please, visit our GitHub)

EDIT: We update some transaction cancellation terms in our smart contract. Please, visit our GitHub

____________________________________
Ilya Solovyanov
IT Director

YOUR PERSONAL VIDEO ANSWER: https://telesco.pe/on_place/32