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.

Ok. What is the minimum level for the project to continue after the ICO?

The minimum level of capital for us to continue will be 1 million USD. If the minimum is not raised during our token sale, all contributions will be returned to investors automatically by the smart contract.

Hope the project can continue. How long will it take to return the investment to the customer?

what if you hit more than what you aim, would you consider for another crowdsale?

There will be a maximum hard limit of $30m USD as we've calculated this is how much we would need to completely develop the platform and acquire a great starting range of bonds.

I'm worried I will not get back the money I invest if the crowd funding does not reach its goal! Is there any data LABRYS has gathered that suggest the funding will be a success?