Topic: [ANN][ICO] NAFEN - ICO Project Backed by Unique Nano-Material for Industrial Use - page 4. (Read 8963 times)

• We create a blockchain currency—NFN token—that is equivalent to a voucher giving 100% discount for 1 gram of NAFEN™ nanofibers.
• You, as the owner of the token, will be able to exchange your token for our material, and as the added bonus you also can sell it directly to person(s) or entities interested in purchasing NAFEN™ (e.g. companies that use nanofibers in their products).
• We will be listing the NFN token on several cryptocurrency exchanges. So you will be able to sell your tokens at the market price on the exchanges at any given time.
• We expect to buyback a proportional number of tokens from the exchanges when our industrial customers order NAFEN ™ nanofibers through our product sales system.
• If the price of the token on the cryptocurrency exchange is lower than the price that we agreed with the buyer, the difference will be considered operational profit for the company. If the price of the token is higher than the selling price of our nanofibers (NAFEN ™ is undervalued in the exchange), we will proportionally increase the cost of the nanofibers.
• Also, in order to accelerate the process of the token buyback, we will recommend that our industrial customers buy tokens directly from the cryptocurrency exchanges and trade those into the company for a proportional amount of nanofibers.
• Our NFN token smart-contract fully complies with the ERC20 standard and has a number of additional functions. Technical implementation of our smart-contract you can find on our GitHub.

1. The smart-contract basis is the Crowdsale contract, which performs the function of selling tokens with pre-defined conditions. The sale of tokens is divided into two stages. Starting dates and duration of each stage are specified when the contract is activated (deployed) while starting dated and duration periods can be changed by the contract holder. All these data are public and visible to all users.
2. For FIAT investors tokens can be issued manually at a pre-agreed amount in euros, which can be transferred to our bank account or in some other alternative way. Such amounts are counted in smart-contact and are public information.
3. Whitelist / Blacklist. The smart-contact publicly implemented the system of white- and blacklist. Tokens sale and counting in capitalization are made only according to the whitelist addresses. An investor can get into the whitelist after passing KYC procedures.
4. In case of getting into the blacklist, for example, because of the legislative prohibition of the country of residence, such investor can independently start the function of automatic money return to the wallet, or request a refund from us. Upon the return, these tokens are automatically burned and are not included in the total capitalization, as well as smart-contract gets the opportunity to issue new tokens instead of burnt ones.
5. The end of the crowdsale occurs automatically by collecting the hard-cap or at the end of the last stage, which of them will come sooner. Collected cryptocurrency will be sent to the multisig address, given when the contact is activated and such information is public.
6. Team receives 10% bonus in addition to total issued tokens amount. Team bonus will be sent to the team address at the end of the crowdsale and such information is public.