Re: [ANN][ICO]❗ LABRYS ❗ Bringing Bonds to Blockchain

New project! Hey, during the ICO what will be the exchange rate for ETH to Labrys?

The ETH/LAB exchange rate will be announced closer to the ICO but will reflect a $0.10USD/LAB price.

Ok. As you say: " Labrys is a decentralized network that extends the efficiency of the global bond market through the use of smartbond technology." What is "smartbond technology"?

A smartbond is a bond created by using smart contracts on the blockchain. The Labrys platform will allow companies to easily issue new bonds directly on the blockchain, known as a smartbond.

Great. Companies can issue their bonds easily without having to be as complex as before. However, very few companies know about the project.

Exactly, this is why we need the communities help to raise awareness of what we are doing. If you'd like to help us grow our community and be rewarded for it head over to our BOUNTY THREAD for details

I have one question: Will the project continue if the capital is not enough at the end of the ICO?

If minimum raising amounts are not reached the project will not be able to go ahead, unless we receive substantial funding from traditional venture capital.

what will happen to your investors of you did not reach the amounts of profit you expected to gain?

If we do not reach our minimum funding target of 1 million USD, all contributions will be returned to investors by the smart contract.