Hi
. I propose to develop a standard (list of rules) that guarantees absolute protection of investor's funds.
BPI, Blood Pact ICO standard - this name seems to me very suitable)
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"
1. Access to collected funds is possible only with the permission of the participants. That means, the team creates an application for the withdrawal of part of the amount for the stated purposes, the support of a specified number of participants is necessary for the transaction. (Implementation of escrow without intermediaries). Either from the opposite, the team creates an application for withdrawal, which will be executed in 5 days if 51% of the participants do not block it.
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
2. The team award is established by the community.
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.
3. The team must identify their wallets in the newly created crypt (you can see how much your own money is invested, how much the creators believe in the project and whether they are going to run away from the sinking ship like rats.
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.
4. Ability to return invested funds in the voting of 61% of participants.
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.
I think the introduction of such principles will radically change the picture on the ICO market. If the project declares support of the Blood Pact ICO principles - it can be trusted, it is not worthwhile to look at others.
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.
The price of the token from the usual ICO in the first stage depends only on the participants' confidence in the team, they can already forget about the money, they have no control over them, therefore, to say that the cost of the new token is supported by 1000 of collected broadcasts is incorrect.
In the case of Blood Pact ICO, the credibility of the team is good, of course, but the new tokens are really supported by a kind of "gold and currency reserve" - which, here it lies and over which investors have control. This radically changes the picture, the token receives real security.
the idea is that if the project team says - we use the BPI standard, then it's 100% reliable guys
maybe I missed something, if you think that the above principles do not give absolute protection to the investor - tell me how they can be circumvented and offer your additions
i am suspicious about teams that push around their internal responsibilities.