We’ve secured over 4725 Nimiq (NET) tokens and have just added it to our active sales listings. Feel free to ask questions- here’s the rundown:

We participate in a lot of ICOs. We also typically sell half of what we buy to exchanges. Given that on-going experience, we decided to experiment with what I believe is the ideal use-case for Ethereum smart contracts: Selling locked tokens on a futures/IOUs basis. We’ll also be posting some instant exchange/token sales in the future.

The idea is that we’ll be providing a safer alternative to HitBTC’s IOU service in a manner that doesn’t require fees, an account, or worry about whether or not they’ll actually come through with their IOU. The smart contracts I’ve deployed ensure that the buyer’s ETH is ONLY released to me/the seller AFTER it can confirm that the contract’s token balance is adequate enough to fulfill all purchased IOUs. There’s also a time-based mechanism in place that allows buyers to withdraw their ETH in the event the tokens don’t get delivered on time.

Our initial test with 50,000+ PAY (TenX) was a huge success and sold out quickly. We followed up listing MetalPay (MTL).  Both sales went without any issues.

We put together a site listing our active sales and information on how the smart contracts work. The code has been audited, but if anyone has any concerns about it or finds any issues, please contact me ASAP.

I’d also love to hear any feedback about my intention to give people the opportunity to lock in their positions on tokens they were not able to secure during ICOs, before they hit the exchanges.

You can find the contract source links at the main site: https://safetokensale.com

Here’s the FAQ: https://safetokensale.com/safety-and-security-faq/

Slack Channel: https://thetokenmarket.herokuapp.com/

Twitter: https://twitter.com/TheTokenMarket