after reading this thread I am also still confused with the refund system that applied this project. maybe from the side of the team there who can explain in more detail or more detail about the refund system. such as how refund can be done and under what conditions we can do refund
After all possible conditions.
Let's make the example:
1. You send the 1 ETH to someone and define the REFUND PERIOD [0 - 30] days
2. Does not matter where did you send the 1 ETH are will be still able to refund it anyway. Because this is a part of the protocol.
3. If you send 1 ETH to smart contract to buy tokens. You can buy them and keep. Once you do not like the project and want to refund you get your ETH back and team gets their tokens back.
So the ICO is not 1 smart-contract of the project but
The sum of all smart-contracts of contributors who defines the level of the trust.
People who sent 1 ETH without REFUND PERIOD will get the `award for trust`
Because these people help the team to create a bigger trust for next contributors.
This makes some sense. I'll be on the lookout for your project. Thanks for shedding more light on the Refund functionality. Cheers