Quote from: cdtbtc on September 24, 2018, 06:00:11 PM

Quote from: begau on September 24, 2018, 10:14:34 AM

Is it a refund or a buy back? I think you are saying refund money in the ITO period.

It's both, actually, although I'm not sure why anyone would decide to buy during the ITO and then also change their mind during the ITO. The buy-back aspect of it will be after the ITO period so that people don't have to feel locked in. This is especially a factor with our project because we're following SEC guidelines which say that AyaCoin tokens will be considered "restricted securities" for the first 12 months after they're purchased, so there are only very limited circumstances where they would 'allow' the tokens to be sold to anyone but us.

Quote from: begau on September 24, 2018, 10:14:34 AM

will you still buy at ITO prices if the market price is lower?

Yep, absolutely. The only caveat is that we need to ensure that the other tokenholders still get an adequate amount of profit shares, so buy-backs are limited to no more than 10% of the total value of outstanding tokens per period. So, if a person owned 20% of all outstanding tokens, and they wanted bought out, the idea is that they would get 10% during the next profit-sharing period (1-3 months), and the remaining 10% during the following profit-sharing period.

Thank you for the response! The number of people who change their minds during the ITO is very small and it isn't too important. I am interested in the buy back aspect of AyaCoin, it will ensure prices don't fall too much if the market is difficult. Your first post is hard to get attention(no image), there is also a limitation to the project because you are a Newbie(you can become a Copper Member).