Investors FAQ
What is Angor and how does it benefit me as an investor?
Angor is a decentralized crowdfunding protocol leveraging Bitcoin and Nostr to ensure secure and transparent investments. Investors retain control over their funds, which are safeguarded through time-lock contracts and multisig setups, significantly reducing financial risks.
How does Angor protect my investment?
Angor utilizes Bitcoin’s scripting language for:
- Timelocks: Ensuring funds are released based on agreed milestones.
- Multisig: A 2-of-2 setup that lets you exit a project securely if necessary. This combination guarantees that your funds remain secure and accessible throughout the investment process.
What happens if the project doesn’t meet its funding goal?
If a project isn’t fully funded:
- The founder can co-sign an exit transaction using the 2-of-2 multisig to return funds.
- If consent isn’t given, a predefined penalty process ensures your unspent Bitcoin is recoverable.
How do I track the progress of projects I’ve invested in?
You can monitor projects through the Angor Hub, where founders share updates and milestones. Enable notifications to receive real-time alerts for key developments.
Can I recover unspent funds if I decide to exit?
Yes. You can recover unspent funds through your Angor wallet. The process is:
- Initiate recovery.
- Pay the miner fee.
- Your Bitcoin will be returned securely.
Are there any charges for recovering funds?
Apart from miner fees, there are no additional charges. Angor ensures a cost-effective process for investors.
Can I remain anonymous as an investor?
Yes. Angor is privacy-focused and does not require KYC. You can invest and operate on the platform without revealing personal information.
What currency can I use to invest in projects?
Angor exclusively supports Bitcoin for all transactions and investments.
How long does it take to recover unspent funds?
The recovery process is quick and depends on the transaction fee rate you set for the recovery transaction. Higher fees ensure faster processing.
Are my funds at risk if the founder doesn’t deliver the project?
Angor’s unique time-lock and multisig mechanisms protect your funds. If milestones aren’t met, you can reclaim your unspent Bitcoin without relying on third-party approvals.