What will happen if the project does not collect the minimum amount on ICO. Will the funds be returned to investors?
The first stage will be done through an exchange;
CannaSOS, throughout the span of two weeks after the end of the Crowdsale and creation of
the Smart Contract will put up for sale 5% of all unsold PerksCoin Tokens on the Digital Assets
Exchange (DAE).
Second Stage:
Three months after the end of the Crowdsale, CannaSOS will put up for sale additional 10% of
all unsold PerksCoin Tokens.
Third Stage:
Six months after the end of the Crowdsale, CannaSOS will put up for sale additional 20% of all
unsold PerksCoin Tokens.
Fourth Stage:
Nine months after the end of the Crowdsale, CannaSOS will put up for sale additional 30% of all
unsold PerksCoin Tokens.
Twelve months after the end of the Crowdsale, CannaSOS has the right to sell any amount of
the remaining unsold PerksCoin Tokens.
During the whole time, CannaSOS has the right to sell PerksCoin privately in any amount not
exceeding 40% of all tokens, and at any price above the market price.
Because of our confidence in the success of the project, CannaSOS will not sell all PCT tokens
on the first day of token sale on the DAE. However, in the future, as the company may require
additional funds for further project development, CannaSOS will engage in the sale of PCT as
needed.
