Quote from: Dabb420 on August 14, 2017, 01:51:35 PM

Quote from: dafew on August 14, 2017, 01:36:47 PM

Quote from: SeaSoul on August 14, 2017, 01:32:14 PM

What is this exactly about? I think I don't understand the OP, to be honest.

This is an ERC20 token on Ethereum Platform, that maps the manufacturing of Ultra-Capacitor to the Ethereum Blockchain.

FARAD is the name of the token. It can be traded, it can be used to purchase items from our store, and the participating merchants later.

It has a floor value - Even when Ether/Bitcoin price goes to zero, you can still redeem it back from us for cash. That's the main difference.

Wow, you guys have a crowd here.

One question from a newbie, how long do i need to wait until i can redeem it back for cash?

The buyback program is to be held every quarter. The first buyback is on the March, 2018.

Prior to that, all the audited financial reports, and audited manufacturing data shall be posted on the FARAD SPC website, as well as on the Ethereum Blockchain.

BTW, the manufacturing data are updated from the manufacturing facility to the Ethereum Blockchain on the real-time basis.