also how do you gurantee that you will buy back, etc?
Thank you for this question.
We should also include it as Friquently Asked Question.
The motivation is clear. Team of developers are respected people and experts from their professional fields.
Here they combine their efforts to rich the common goal - to create real plant with unique technology, green production of Dioxide Zirconium concentrate.
If it would be a scam, it would be too complicated scam. All people from team can be googled and checked.
Also they hope, if this project will be succesfull, they can crowdfund for their other projects. Bigger and more serious.
Actually 3.5 millions $ is not so big amount to make risks to lose reputation. I mean, there is opportunity to earn much more and we hope, people support our idea and ll join us.
Together we can build new approach in economics.
Also there is post in blog. Please read it
https://medium.com/zrcoin/the-decentralisation-of-the-global-economy-starts-here-1d77f234d468ZrCoin is built on new green technologies, developed by industrial experts, that will enable us to recover zirconium dioxide from the wastes produced by ceramics manufacturers. The result will be more energy efficient, cleaner and of higher quality than the alternative — extracting it from natural resources.
This in itself sets the project apart from anything else on the market. We’ve spent several years and over a million dollars researching and testing the technology, and now we’re ready to deploy it to produce high-quality ZrO2. For various reasons (explained in different articles and interviews), we’ve decided to launch our enterprise via a crowdfund, creating a token on the blockchain.
Decentralised economyBy creating an option on the blockchain, backed by production of ZrO2, ZrCoin will make it possible to trade a real commodity in a fully decentralised way. Anyone, anywhere in the world can buy it, so long as they have an internet connection and the ability to deposit funds into the Waves client (using bitcoin via exchanges, or even with a credit card). Moreover, the barriers of scale that exist in the traditional financial system aren’t a problem with the blockchain. There is no minimum purchase, and no flat fee for brokerage. It would be possible to buy a single ZrCoin, or even less, without the associated costs being prohibitive.
In the near future, we expect many such financial instruments to arise on the blockchain. People will be able to trade them directly, with complete freedom — any amount of any commodity, trading directly against any other, on Waves’ DEX. Sell 5kg of zirconium for gold. Trade USD for silver-backed tokens. Suddenly it will become possible to create diverse portfolios efficiently, even using ZrCoin and other tokens as forms of commodity money. The future is starting to look very interesting, and we’re glad to be blazing a trail there.