Quote from: ALAX_io on April 19, 2018, 12:05:06 PM

Quote from: bitstreetbankster on April 19, 2018, 11:53:25 AM

Quote from: ALAX_io on April 19, 2018, 10:44:51 AM

Quote from: bitstreetbankster on April 19, 2018, 09:28:24 AM

Hello!
I'd be grateful if you can answer me these two questions:
1) ICO is performing quite bad so far. If unsuccessful, would you return invested funds to investors?
2) On your alax.io page, FAQ says:
"Is there a mandatory KYC form?
KYC might be required in some cases - we will contact participants right after their contribution in case it's needed."
So, it doesnt say its mandatory for everyone. Otherwise its very misleading.
If someone is not comfortable with KYC would you issue a refund or those funds are lost in that case?
Thank you

Hello.

1) We didn't have a soft cap, so we cannot speak about unsuccessful TGE. I am not sure if there are already all private investors since not all deals have been made yet. Even if there won't be much more participants and claimed tokens in the TGE, all tokens will be redistributed among the participants based on their stake (so no refund in this case).
2) In the time we have prepared the FAQ, we weren't completely sure if there will be a mandatory KYC procedure but later our legal advisors advised us to have it mandatory. If someone did not pass the KYC or he/she will reject to do it, we will, of course, make a refund.

Thank you for answers! That would be very professional.
I wish all the best to ALAX project, team and investors!
Thanks.

Thank you for pointing out that FAQ problem. We have already changed that so it shouldn't be misleading in any way now! Wink

A quick response like this to the community is greatly appreciated as clarifications about the project should be addressed accordingly.