Smart-contracts
Telomere Coins are created according to the ERC20 specifications of the Ethereum blockchain. Exact information about our smart contracts will be added soon – we are working on it right now.
Safety of Funds
Telomere employees do not have access to user wallets. Funds raised by campaigns and stored in their unique wallets are controlled by the smart contracts automatically. After fundraising is completed, all funds are automatically transferred to the wallet that is specified by the campaign creator. Telomere employees do not have access to unique campaign wallets and cannot perform transfers from them.
Telomere Coins are generated and issued automatically as well, and only after the receipt of contributions to a campaign’s smart-contract, be it ETH or BTC, is confirmed. This protects the issued Telomere Coinsfrom fraud and backs all Telomere Coins with a real monetary value.
Users’ Safety
Only account owners have access to their wallets. Passwords to accounts are not stored on the site, with hashing used for fast login . Users can either store passwords to their wallets on the platform or delete them for security reasons. In this case, a user will have to enter the password to their wallet, which is not saved on the Telomere Coins platform, for each transfer and pledge.
Confidentiality
Transfers made by users are recorded in the system and encrypted. User wallets are also encrypted on the platform, and their association with user profiles is minimized as much
as possible.
All personal user data, including passwords, emails, and wallet IDs, is encrypted. This protects Telomere Coins users from hacking or information leaks. Even in the worst case scenario, user data, passwords, and wallets will remain safe, since no access to them or money transfers from them is possible.