Investments on GAGARIN become even safer
The GAGARIN launchpad launched the “Return Mechanism” of investments to protect the funds of investors and projects during the IDO.
Considering the current market conditions, the refand policy allows to protect the funds of investors in IDO and at the same time protect projects for their successful start.
How does the protection mechanism work?
After participating in a public token sale (IDO), investors can return 100% of their funds within 2 hours after the TGE (token release) date. Refunds are only possible for investors who have not made a token claim (Claim). 2 hours after TGE Refund becomes impossible.
You will find a more detailed description of the “Refund Policy” at the end of the article.
What does this mean for the investor?
▪️ investor funds are protected
▪️ the investor has the opportunity to return his investment if he decides that the listing of the project was unsuccessful
▪️ the investor independently makes decisions and manages his investments
What does this mean for the project?
▪️ the mechanism allows you to attract more investors to the project, which means to raise more funds!
▪️ if all obligations to investors are fulfilled, the project is guaranteed to receive the collected funds
Refund policy (refund). Description.
This policy applies to public sales rounds (IDOs) for projects hosted on the GAGARIN launchpad.
This policy does not apply to any other types of sales (private rounds, INOs, etc.).
Return mechanism.
For IDO participants, within 2 hours after the TGE date, the “Refund” button will be available in the personal account on the project card. Thus, IDO participants who have not yet received project tokens will be able to receive a return on investment automatically after clicking on the button and signing the corresponding transaction within 2 hours after the release of the token. Refund is available only in the full amount of investment.
If the IDO participant has already received the project tokens (“claimed the tokens”, the “Claim” procedure), then he will not be able to make a Refund.
2 hours after TGE, the “Refund” button becomes unavailable, the mechanism for automatic return of invested funds is disabled.
Exceptions.
If the project significantly changes public information (for example, changing dates and listing sites, changing launch networks, tokenomics, etc.) or violates the terms of the IDO agreement, then GAGARIN may decide on a full or partial refund of funds to participants IDO.
Safe investment is our goal.
Become part of the GAGARIN community and invest safely.
