The smart contract and ERC-20 tokens used with Fairmint’s services are deployed to the Ethereum blockchain, meaning that they exist and function independently from Fairmint.

In the highly unusual case that Fairmint no longer offers its services, organizations could take various actions to continue operations without the need for Fairmint. Organizations’ legal documents can provide ways to update operational needs, like a shareholder vote or delegation of relevant authority.

One way organizations could update their operations would be to use other software to continue their equity offering, effectively replacing the services that Fairmint provides while continuing to use the same financing agreement, smart contract, and ERC-20 tokens. Organizations could also pause or end their offering, continuing operations while honoring any rights previously granted. Organizations could also pursue other forms of financing since the Rolling SAFE is fully compatible with other methods of fundraising and equity issuance.

In short, organizations would be able to continue operations without much disruption.