Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] FARAD Cryptoken ICO Announcement - Backed by Real Business
by
dafew
on 14/08/2017, 10:11:57 UTC
It says on the FAQ page that Farad FRD offers a guaranteed buy back higher than offer price.

How will this work?

Thanks


Yeah. The price offered is USD 0.125 cents per FARAD. The buyback is at minimum 0.145 cents.
You can sell back to us, or sell at the exchangers, whichever higher.

What this means is that, there is a floor value of FRD. If it goes lower than that, somebody will snap it, and sell it back to us at that value.

Ask me more if you need more clarifications.