The Refund Policy
Introducing BrainChain's Refund Policy: A Safety Net for Our Crypto Community
Investing in the fast-paced world of cryptocurrencies can be both thrilling and daunting. At BrainChain, we understand the importance of creating a secure and trustworthy environment for our community members. That is why we have implemented a comprehensive Refund Policy to ensure that your investments are always safeguarded. In a bid to offer our valued users the utmost peace of mind and unwavering confidence in their investment choices, we have crafted a Refund Policy like no other.
At the heart of this policy lies an effortless, unconditional refund button that gives you full control in your hands. You have a full 7-day time period from the TGE event to make this decision, empowering you with the freedom to invest with absolute assurance. If you do not claim the refund in that time period then don't worry you will still be eligible to get a refund for your upcoming vestings, we have more measures to protect your other vestings, as outlined below.
Let's dive deep into the key components of our Refund Policy and how it benefits our users.
1. Staying Above the IDO Price: Ensuring Commitment to Success
BrainChain requires all projects to maintain a token price above the Initial Dex Offering (IDO) price until two vesting periods are fully completed.
In this event, if a project's token falls below the IDO price and remains in this state for five consecutive days, BrainChain will initiate a Decentralized Autonomous Organization (DAO) poll.
The poll's outcome will determine whether the remaining vesting amounts should be refunded to investors. This measure is aimed at filtering out projects that lack commitment and dedication to their post-launch phase.
2. Addressing Malicious or Suspicious Issues: Prioritizing Community Safety
BrainChain reserves the right to trigger a refund poll at any time when a project exhibits malicious or suspicious behavior. This ensures that our community remains protected from potential harm.
Our commitment to community safety extends to identifying and addressing any issues that may compromise the integrity of our platform.
3. Vesting Schedule Changes: Protecting Investor Interests
If a project decides to alter its vesting schedule after its initial launch, BrainChain will promptly organize a poll to determine whether investors should receive a refund for the remaining vesting amounts.
This measure guarantees that investors' interests are upheld, even if a project deviates from its initially agreed-upon terms.
4. Time Allotment for Token Launch: Encouraging Timely Execution
BrainChain provides a reasonable time frame, typically one month from the IDO date, for projects to launch their tokens.
In cases where projects fail to meet this deadline, BrainChain will organize a community poll to decide whether investors should receive a refund or if the project should be granted an extension.
How BrainChain's Refund Policy Works
Our refund system is automated, allowing users to claim a full refund within 7 days of the Token Generation Event (TGE). Once this period elapses, the refund button becomes disabled. If you haven't claimed the TGE and you click on the Refund button, then we will refund you your entire invested amount within seconds.
The Refund Policy aims to instill confidence in our community by ensuring that projects are committed to their success and investors' interests are always protected.
At BrainChain, we are committed to fostering a secure and transparent ecosystem for all crypto enthusiasts. Our Refund Policy is designed to provide peace of mind, knowing that your investments are backed by robust measures that prioritize your safety and financial well-being. Join us on this exciting journey towards a more secure crypto future.
Last updated