Hi dev, i want to know if there is any third-pary escrow for the ICO funds since i did not find in the whitepaper. Thank you!
Thanks for the interest to the OAX platform, nonlinearboy!
4.4 Restriction on the use of the fundsTo remain in line with the spirit of the project’s open and transparent philosophy, all funds
shall be tracked and reported according to the Foundation’s guidelines. A custodian will
monitor the usage of the digital tokens and share it with the community periodically.
1. Financial planning and reporting◦ The Foundation shall develop financial planning and review financial
performance of the previous quarter.
2. Digital tokens management◦ The digital tokens belonging to the Foundation shall be managed by authorized
personnel. The security of digital tokens is ensured by multi signature
technology.
3. Digital wallet protocol◦ The Foundation’s digital wallet shall be protected by a multiple signature
technology mechanism.
4. Disclosure◦ On a regular basis, the Foundation shall disclose on the topics regarding
community matters, including status of development, operations, and the usage
of tokens, as well as whether the Foundation operates in accordance with the
governance policy
White Paper, page 17:
https://www.openanx.org/en/assets/whitepaper/openANX_White_Paper_ENU.pdfWEBSITE | WHITEPAPER | YOUTUBE | SLACK | TWITTER | MEDIUM | REDDIT | WECHAT | TELEGRAM
