Topic: ICO standard for absolute investor protection ?? (Read 840 times)

Perhaps we should look away from ICO or at least, stop calling it ICO as the name has been tarnished with the mega scam of many alt projects in 2018. By the way, you can take a look at IMO as a more viable means of raising funds for projects and protecting investors funds

Regulation is not yet needed but for the verification purpose of the team to prove if that platform has already created by the same owner was not faking his identity and i thought that's good enough.
When icos implemented some important thing as the standard in the past and that is helping a lot right now, just like
1. Escrow
2. Proof of identity by the team
3. 3rd trusted party to audit the platform

The verification has already done by investors that what we have called that as KYC verification is really suited to be used by the team too

people are not hacked because they have simple code, but they are easy to manipulate. The human factor is fundamental to scammers. Many are tempted by offers on shares where they offer additional benefits, but in this way users can open access to their data so that malicious services copy the most important information and gain control over your accounts

I use the words of my favorite song for the password, this works great so as not to forget the password and also it is complex enough to pick up the key to it. Safe storage of cold keys, preferably on removable media, is also a simple and effective way.

yes, but this standard will help people easily distinguish scammers from honest projects

I like most of your suggestions but without regulations by legal entities, it is almost not possible to entirely stop scam ICOs because there is still huge money to be shared in the market.

There will never be a proper ICO standard. Sure there will be ICO standards left, right and center, but they will all fail in the end. There cannot be regulation of ICOs the way they are being performed right now with ERC20 tokens being created. The institutions that are coming into the frame want to regulate ICOs, but there won't be the same valuation as current ICOs, no matter how bad they want to tax funds raised.

This is what is happening to China. They are banning ICO and exchange. But there are rumors that they will slowly allow exchanges and ICO as they have ironed out more rules and regulations.

they may not started with intention of scamming, they just do not understand how it could work properly for long term, and end up failing to do what they really want to do.  bottom line, using ICO to raise fund through crypto is not an easy way to get free money.  It just a more effective way of getting money, but investors at the same time do expect you to be doing exceptionally well, and effective in short time.

Thank You  ,


NO! If the cryptomarket is controlled by the authorities - in 10 years it will not differ in anything from the fiat market. The adoption of the standard is the most democratic way.


It is necessary only to popularize the standard. New projects may not use it - but this will arouse suspicion. Thus, over time it will become the de facto standard.

good idea, but who would enforce? Local authorities?

as for me is too much a little bit...
when you start a new busines you can't be sure that you will get any money back... only if you will put 60% of your meney in a wallet and use only 40% that are left.

Thank you, I think soon it will be time to make a poll and vote in this topic

These are some pretty good valid points and if you can really do a lot of good with this. It is really bad that it is uncontrollable but the only way for now has been for the investors to know how to fish out the project they invest in which is still not easy.

With some of the regulations coming up gradually for ICOs anyway, I am sure some lazy investors who do not like doing some research on their own will find it easy.

The whole scam shit is really giving the whole cryptocurrency community a bad name as so many people looking for a cheap project since bitcoin is expensive and most of them being newbies, always end up being thrown into the mouth of sharks.

thats not necessary a solution,

i mean i am planing currently to use ethereum because its simple,

but neo might be exclusive, or charge fees, or they simply just seek to give way to funds and startups they own themselves.

i have no idea about that,

if you folks want i can also change to neo,

and i will abandon ethereum if the transaction costs get mad, i am seeking a long term quality product, i cant have ether speculants messsing up the transaction costs.

however in germany the laws are quite strict regarding financial businesses, to strict actually it can takes decades to get a license because the burocratic investor protection is big that it is extremly mad and expensive and you cant start a new company anymore with a result that the system protects mainly the established rich, and owners, enslaving the rest in corporations those own.

regards

There is so many ICO that is really hard to find a scam and for sure need to find solution to stop this.

I personal stop to buy ICO on eth and other platform.

I will buy only ICO on NEO platform because they don't allow ilegal or scam ICO build on their platform.

ok lets break this down, for my ISO i am going to take you serious on this "blood pact" despite this name sounds like from a dark video game for me i would rather suggest a name like "Gerobits & Co LTD risk estimation service for ICOs and ISOs"


ok i hereby apply for your bloodpack ICO standard however my project is an ISO, i decribe my token as sources and entities not as cash or coins, because i dont want to be identified with unsustainable low quality crap scam and empty IT systems, i work substantial longterm oriented and strategic, i am a university great real estate and industry economist and engineer, i cant just do a hit and run, my goal is not the ICO/ISO my goal is to uplift and develop this brand


what do you want me to do for this paying money to the forum so my banners are everywhere? having a team of 20 smiling marketing guys?

thats good to reach people but its not a sign for sustainability.



ok we can discuss that, i am creating a long term alternative to cryptocoins i call them cryptosources,

my goal is the have a systematic infrastructure beneficial alternative, for cryptocurrencies, so nation state banker cartels wont be able to hunt Cryptocurrencies with good reasons anymore.


my token is 75% redemable for value generating sources that are strategically carefully chosen
i plan to increase efficiency later.
but the core goal of this is the establish this solution of ours/mine as a kapital solution people can rely on.


it will create the foundation of what we had before, in the financial system

mathematics, stochastics, rules regulations, huge industry with consultants and its inefficiency, then people will realise why jews are so successful and put their money into them (like maddoff)
till those maddoffs are fed up investing.



i am suspicious about teams that push around their internal responsibilities.

if a system is too overregulated and complex with to many consultants statisticans like the current wallstreet system/ city of london /frankfurt main/ moscow / shanghai financial district it becomes unefficient and expensive itself.

it start to get a communist style feeling and many smaller investors stay out of it becomes a place for giant corporations and their billonaires, and the mega asset managments.

they will not do smart microinvestments with creative applications but they wil build communist style cash cows everywhere, because they are too big, and the financial system is too paranoid.

this is currently the case in the world, wallstreet bankers have become communists. they lend mainly to each other and other huge corporations where they are sitting inside.

but you dont have to be afraid about that currently, the blockchain financial system however will develop itself into that direction.

only huge corporations will then be able to fill out those higly complicated forms thick like a bible,

thats the issue in wallstreet and city of london currently, so they are now gambling with mathematic models with stocks and cryptocurrencies while living on the back of the popluation when they lend money to each other.

young enterpreneurs are fed up working with them and rather prefer creating new currencies. thats what wer see with blockchain tech


its just a sidenote regarding the word "absolute" protection

there will be always a rest risk but you can reach the status "riskaverse"

regards

sorry, but I did not understand you. Can you explain more?