Is it possible to do this? - page 3.

harrypotpot

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Quote from: DeMoloR on July 24, 2018, 10:53:33 AM

Dear forum participants, I think it's time to introduce restrictions on the ICO. The reason for my proposal was a huge number of fraudulent projects that are hiding with investors' finances, don't pay bounties compensation when the desired amount is reached, etc. I propose to create a verification system that will become an intermediary between the investor and the ICO.

How can that happen if the ICO in the internet will not even going to respect if there is going to have a regulation in the market. That will not going to have sense. I think we should be personally responsible.

ElenaN

jr. member

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It sounds very interesting, the only question is how to organize this check, so as not to harm normal projects!

lllaqpt

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Quote from: DeMoloR on July 24, 2018, 10:53:33 AM

Dear forum participants, I think it's time to introduce restrictions on the ICO. The reason for my proposal was a huge number of fraudulent projects that are hiding with investors' finances, don't pay bounties compensation when the desired amount is reached, etc. I propose to create a verification system that will become an intermediary between the investor and the ICO.

Explain how you want to see the verification steps. Maybe this is a project equity, or a security deposit to get started. Or limit on the number of participants.

baigreen

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Quote from: DeMoloR on July 24, 2018, 10:53:33 AM

Dear forum participants, I think it's time to introduce restrictions on the ICO. The reason for my proposal was a huge number of fraudulent projects that are hiding with investors' finances, don't pay bounties compensation when the desired amount is reached, etc. I propose to create a verification system that will become an intermediary between the investor and the ICO.

How are you going to limit ICO? The matter is not in quantity but in quality, how will you not understand? If we received 1000 successful projects in 2018, would you complain? I think no. Just most of the projects cheaters. It is necessary not to limit the number of projects. And make mandatory the verification of personal data of the founders of the project. Also, the money should not be stored by the founders of the projects. What they could not steal. Solve the problem. And it will not be necessary to say that there are too many or few projects.

crypt0.r3negades

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It is possible, but it needs more time to do that. Because this forum is not sure to be regulated by man admin, and it takes more man power to do that and precisely, more time.

AlekseyCrypto

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You have proposed a good idea, and I think this is what the regulatory authorities are doing now, creating strict requirements for teams and projects.

ceetoo224

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Quote from: DeMoloR on July 24, 2018, 10:53:33 AM

Dear forum participants, I think it's time to introduce restrictions on the ICO. The reason for my proposal was a huge number of fraudulent projects that are hiding with investors' finances, don't pay bounties compensation when the desired amount is reached, etc. I propose to create a verification system that will become an intermediary between the investor and the ICO.

How can we induce this kind of thing? I guess we don't have the power to somehow manipulate decision to allow project to enter the market in our own ways rather than just let them operate.

Handalger

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Quote from: DeMoloR on July 24, 2018, 10:53:33 AM

Dear forum participants, I think it's time to introduce restrictions on the ICO. The reason for my proposal was a huge number of fraudulent projects that are hiding with investors' finances, don't pay bounties compensation when the desired amount is reached, etc. I propose to create a verification system that will become an intermediary between the investor and the ICO.

I think if there is a kyc then the project team can also do on dummy people and no one will find them serovno, for this I think there is a need to study the project well and only then invest

o.ogurlu

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Yes, I think ICOs need to be more strictly audited. Because I think the biggest reason people look at the crypto world is because there are too many frauds in the market. Therefore, I believe that the number of scam ICOs will be decrease when the introduction of a supervisory system and good supervision of these ICOs in the World like the in United States. And in this way many bad thoughts about crypto will disappear.

odranoel

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Is it possible that there is a certain management that the bounty has, because if we rely on the bounty manager, they are the one who control the bounty whereas if we put another program or manager that bounty has, maybe there are dual control so that there is a control.

gabmen

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Quote from: Georgiyk on February 04, 2019, 06:22:59 AM

Quote from: fast2fix on July 24, 2018, 11:06:15 AM

Quote from: DeMoloR on July 24, 2018, 10:53:33 AM

Dear forum participants, I think it's time to introduce restrictions on the ICO. The reason for my proposal was a huge number of fraudulent projects that are hiding with investors' finances, don't pay bounties compensation when the desired amount is reached, etc. I propose to create a verification system that will become an intermediary between the investor and the ICO.

i think there should be bounty smart contract or bounty distribution function in ico smart contract or something like that, this way icos can't cheat anyone, smart contract will payout automatically to bounty participants. people also should really start using platform like wings.

Perhaps this is the most prudent idea to date. Why not do it? Then the bounty hunters would be safe and participate in projects without risk.

Who would then impliment these restrictions? Is crypto right now being governed by any institution? That's a good idea and that's why i think that crypto should in a way work hand in hard with governments to work on certain restrictions especially for these fraudulent projects.

Georgiyk

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Quote from: fast2fix on July 24, 2018, 11:06:15 AM

Quote from: DeMoloR on July 24, 2018, 10:53:33 AM

Dear forum participants, I think it's time to introduce restrictions on the ICO. The reason for my proposal was a huge number of fraudulent projects that are hiding with investors' finances, don't pay bounties compensation when the desired amount is reached, etc. I propose to create a verification system that will become an intermediary between the investor and the ICO.

i think there should be bounty smart contract or bounty distribution function in ico smart contract or something like that, this way icos can't cheat anyone, smart contract will payout automatically to bounty participants. people also should really start using platform like wings.

Perhaps this is the most prudent idea to date. Why not do it? Then the bounty hunters would be safe and participate in projects without risk.

Bitknick

jr. member

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The idea is good, but personally it seems to me that it will not bring success, because the project can deceive the very same mediator!

iyah adrian

member

Activity: 574

Merit: 10

Indeed, now many investors do not believe in the ICO. Because there are so many ICO scams that are happening right now. This has a major impact overall if investors do not trust the ICO anymore. The project could not work if the ICO they did did not reach the target. Even though there are so many good projects.

Gbotemi

newbie

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There have been several suggestions to curb scam ICOs and to reduce their activities to the minimum, even if it cannot be totally removed.
The trust we used to have on ICOs need to be restored.

Vit83

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Merit: 100

IMHO it would be great if ICO won't get anything from ICO money before they achieve a milestone. Achievement a milestone must be decided by the vote of token holders. For example they got 10000 eth on a smart contract. After ICO they got only 500 for the start and get another 500 only when community confirmed that they achieved first milestone. If can't succeed community can choose another devs team. This true decentralization scheme. Not like they doing now - they got tokens, they got eth and can do what they want with this money.

rijaljun

sr. member

Activity: 1274

Merit: 267

What kind of verification system? What is it for? If it's for ICO project's team, how would you do that? I think you cant do this easily. What everyone needs is a regulation from each country. That would help much investors to put their money safely. But, to get a regulation is not easy. Until now, still many countries don't legalize ICO yet.

Thanasis

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The forum has nothing to do with the scam so people need to be much careful while participating on the scam bounties because they are helping scammers to steal the money from the investors this is all happening just because poor evaluation of the project.

ryan992

full member

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Merit: 100

I agree with that, but I may take samo time or few years to another countries or peoples to follow your idea. Just do it if you have soli idea about it

mullzerwar

sr. member

Activity: 574

Merit: 250

Quote from: juchin on February 03, 2019, 11:09:32 PM

Quote from: DeMoloR on July 24, 2018, 10:53:33 AM

Dear forum participants, I think it's time to introduce restrictions on the ICO. The reason for my proposal was a huge number of fraudulent projects that are hiding with investors' finances, don't pay bounties compensation when the desired amount is reached, etc. I propose to create a verification system that will become an intermediary between the investor and the ICO.

Gradually, investors have recognized inadequacies and scams in ICO projects now. Therefore, the way which ICO projects are operating to mobilize capital need to be changed and no one will invest in the air anymore

It is indeed sad, that the world of crypto is full of those scams and worthless coins. All those scams really is making most of the investors hesitant to make their investment in a cryptocurrency, they choose to withdraw their investment or choose not to invest at all.

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