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Kaze Investor Protection (KIP) is a mechanism embedded onto the Kaze blockchain that serves to safeguard investors and stakeholders against potential scams and misappropriation of funds. This mechanism adds a layer of separation between the project owners and developers, and the assets collected through initial coin offerings (ICOs).
With KIP, project owners and developers are required to implement their proposals onto smart contracts. This includes burn rate, proposed monthly fund allocations and governance models. By the end of KIP-featured ICOs, only the funds which were outlined in the project’s initial proposals will be distributed. Therefore, the project owners will not have access to the total sum of funds collected by the ICO at the beginning of the project. Funds will be distributed in phases, as defined by the proposals in the smart contracts. At any given time, the project owners and/or investors can call for a vote to increase or decrease fund allocations. This mechanism gives greater power to the various stakeholders.
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