An interesting project with such a small cap, the hard cap is only 10,000ETH since the ETH is much cheaper now. And the team is very confident for the project, the team tokens will be locked for 5 years, much longer than other projects, I will keep an eye on this project.
Thanks! Nice to hear you find it interesting!
The team tokens will be locked for 5 years indeed, with 5% being released per Q.
If you have any other questions, I'd love to answer them!
Though there is a small cap, I want to know if there is any escrow for the raised fund since many investors want to see the the funds be kept safely.
Great point! And not just investors want to have the funds kept securely, we do as well! After we finish up on the contracts (and deploy them on the network), anyone will be able to verify what I am about to say. Or, if we did it wrong, debunk it, in which case we would require a redo of the affected contract(s).
The smart contracts for asset management work by storing Ether (these are the funds sent in to exchange for Karmo tokens) sent from the ICO contract. The ICO contract transfers this to a contract wallet that is called every quarter to release a set amount of funds to the Opakeco Ether wallet address. Only when Ether arrives in this wallet, will it be usable by the Opakeco foundation. Alongside this, there is a mechanism that does a refund of all remaining Ether to the contributors in the case there is a vote to stop Opakeco using a kill switch contract.
With regards to the security of the specific wallet address, I refer you to my colleague, René (ren-e), as I know how much he enjoys explaining the layers of physical and information security surrounding the usage of our funds.
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