I don't get it, if you are going to spend the ICO money for "development" where does the reserve money come from... and why? Can you generate some kind of proof that you are currently holding 100 Mil Rupee? Where is the reserve money being held at?
I don't think that you get how percentages work "buying back all the Tokens for 0.02%" does not mean 1 -> 1.20$. In any case, why whould you buy back the Fiat pegged Tokens at 20% premium?!
Google is telling me that 1 pakistani rupee is actually 0.0095 USD. You are getting a 5% premium just like that?
Why did you choose the waves platform as the blockchain for your token? Makes little sense to me.
Who are you?
Rating: scam / 10
Well this ICO is on an idea stage. The reserve money will come from the money I raise through the ICO.
The way i plan to pay back investors 20% premium is through fees that will be charged on our platform.
The reason I am using waves is because I am huge waves fan. Second once the money will be raised Investors will be able to trade there token on waves if they like.
Finally we are two friends who are doing this. I am computer scientist and second is a banker.
I can assure you i am not a scammer, If we don't raise enough funds I will return all of the money raised back to the investors. (you just have to take my words for it.)
Thank you.