The digital token issuer and the digital token advisor must enter into an agreement with provisions, among other matters, on the schedule of release of proceeds (if stated in the whitepaper), the progress report that will be required before each release of proceeds, and that the digital token advisor will return the said proceeds to the investors in case the soft cap of the digital token offer is not reached or in a pro-rata basis in case the project is not completed by the digital token issuer.
Added: April 2023