# Riskless Rules

## Riskless IDO Initiatives

With the IDO project adopting Risk-Free Rules, Openpad AI offers a Refund mechanism to every IDO participant on our Launchpad platform.

Users can activate the Claim or Refund function at the IDO project TGE.&#x20;

* Claim: Claim the number of Tokens based on the project's vesting schedule.&#x20;
* Refund: Within 24 hours after the listing occurs, users can either claim their released tokens or opt for a refund. (either or. A user cannot claim a refund and Tokens simultaneously).
* In case within 24 hours from the time of Listing, the user does not initiate a Refund on the platform, the Refund mechanism will not be activated and the User will claim Token according to the prescribed Vesting Schedule.&#x20;

The Refund Mechanism applies to all IDO Groups, including Tier Round and FCFS Round Refund time: Depending on the situation, the refund time may start within 24 hours from the Listing Time.&#x20;

### ⚡️ Funds Distribution Protocol

Within 48 hours of listing, Openpad will summarize the amount raised and deduct the amount refunded by Users to distribute funds to Project IDO

### ⚡️ For Non-EVM projects

* User claims IDO Token outside OpenPad system (Default 100% Claim), OpenPad will activate Refund when Price Listing in 24 hours is lower than IDO Price.
* User registers for Refund through the link (when OpenPad activates Refund, the link will be published). OpenPad will compile statistics and Refund the remaining amount to the eligible User.


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