Is it possible to do this? - page 8.

Akiko

full member

Activity: 896

Merit: 198

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.

We know that there are so many scam projects , saying an promising platforms to get money from investors. This is wonderful proposal that will helps to reduce a scam ICO projects. Is it possible, but who will do this kind of idea?

delarossa

member

Activity: 392

Merit: 12

MINTER

The plan you imagine makes sense. I also agree with that. It is true that ICOs are getting more and more but most of them are fraud. But until now has not found a powerful way to limit the ICO coming. Because each project team has its own rodmap as it is written there.

steckie

newbie

Activity: 2

Merit: 0

And this is why i think CPOLLO will gonna be big! Grin

Main purpose of CPOLLO will be, that they will create a saver place for investors in ICO's
ico's created with the cpollo platform have to meet certain critics before they get funded from investors.
they will get funded by a escrow account set up by cpollo

Take a look at there:
website: http://cpollo.info/
telegram: https://t.me/cpollo
Bitcointalk: https://bitcointalksearch.org/topic/ann-cpollo-is-the-lead-token-in-the-cpollo-platform-4759910

Info from the cpollo website:

ICO’S PERSPECTIVE:

Cpollo will be a decentralized project built on the Ethereum Blockchain, that will enable people to create and host their own startup right on our platform. The hiring of new team members can be done right from our community and platform users. All new projects will be using only their pre allocated funds set for hiring new team members and any marketing or promotion for their ICO. The funds for any expenses will come from an escrow account set up by Cpollo, funded by would be investors.

Community / Inverstors:

The community surrounding a project is it’s greatest asset. We will reflect this by giving investors more control of their own funding towards any project hosted on the Cpollo platform. All investments will be placed in an escrow account, only being released to the project after satisfactory progress has been made, or verified expenses need to be met. An investor also has the option to pull his or her funds back from escrow at any time if they feel the need to do so. If ever a project is deemed unfit to be hosted any longer on Cpollo’s platform, we will dismiss that project and release all would be investors’ funds back to them.

Indamuck

hero member

Activity: 1120

Merit: 554

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.

You can weed out the majority of scam by ICOs just by doing a small amount of research. Verify that their team is real and make sure they didn't plagiarize their whitepaper. I don't think it needs to be regulated because the less government intervention the better. The responsibility relies on yourself, not some outside regulatory body.

tenebriscaelum

member

Activity: 462

Merit: 11

Quote from: PG13 on August 01, 2018, 08:18:39 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.

Yeah I understand your disappointment with the current system. I think your opinion is possible but the problem is who will do the verification? Who will take the funding of this verification team? It's difficult to combat scammers without a financial support to implement the rules.

That is true that in a decentralized era of cryptocurrency getting someone to fund a verification team for future projects is very hard and what we can only do is to evaluate this project ourselves. If someone can do a crowdfunding to do a verification system for ICOs and make it a standard that would be wonderful but there are too many loop hole's that needs to be fixed such as the people that will manage it and the people that will fund it.

kennylinkqr

newbie

Activity: 27

Merit: 0

I think the setting a third party to identify which ICO is good that is not suitable in the blockchain platform. Blockchain platform is based on decentralised management which creates a direct connection between 2 users.
Then, you should only learn how to identify the best ICO to put your money.

Nexjr14

newbie

Activity: 216

Merit: 0

Quote from: celakkenyang on July 24, 2018, 10:56:05 AM

I a gree with you. I see many ico projects are scam and not qualified. when it restricts ico projects that make investors losers and bounty participants waste time to participate in the bounty.

Hi guys, I'm sorry because I do not agree with you, that many ICO and bounty program scams. I think not all bounty program scams, I've been researching one of the bounty programs, and also I've been a participant. I hope you are willing to research bounty program from Cryptassist. And then you can also learn from his website https://www.cryptassist.io/

butka

full member

Activity: 434

Merit: 246

How about the Ethereum platform doing some kind of control or regulation as to what tokens are allowed to run on their blockchain?
No way this can happen any time soon. At least, that's what Vitalik says and I personally understand his motivation.
But if the ETH platform won't regulate the ICOs that use their blockchain, I don't see any other party doing that.
So it's entirely up to every one of us to vet carefully and promote only solid projects.

AzureDragon

member

Activity: 244

Merit: 20

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.

This is good idea. But I don't sure that such a control will be realized somewhen. First of all, restrictions to introduce verification is unproofable of ICO aims.
In my opinion, it is better to compile a billof recommendations for potential ICO investors. And then this bill should be posted, at least, on our forum as attached topic.

PG13

member

Activity: 322

Merit: 10

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.

Yeah I understand your disappointment with the current system. I think your opinion is possible but the problem is who will do the verification? Who will take the funding of this verification team? It's difficult to combat scammers without a financial support to implement the rules.

rightway00372018

newbie

Activity: 210

Merit: 0

Quote from: mrhood on August 01, 2018, 08:07:50 AM

I consider that it is possible but you could be careful about this decision, check everything for few times, analyze each detail and get advice from more experienced people.

The purpose is good as we need to have a clear and valid explanation of our unpaid efforts and investment but i don't think if they will follow the rules considering that theres no proper regulation set for crypto.

mrhood

member

Activity: 190

Merit: 10

I consider that it is possible but you could be careful about this decision, check everything for few times, analyze each detail and get advice from more experienced people.

beskid

full member

Activity: 252

Merit: 103

I believe that you need to carefully study each project in which you are going to participate. If you entrust the verification process of each ICO project to public or private structures, then it will break the very idea of crypto currencies, which is total decentralization.

kingdomofhearts

newbie

Activity: 120

Merit: 0

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.

This is EXACTLY and precisely what the whole cryptocurrency needs. Or maybe specifically just ICO's. There are so much fraud going on especially when it comes to airdrops and all those people who want nothing but to get rich instantly on the expense of others

a4illusionist

jr. member

Activity: 365

Merit: 1

Well something needs to be done to the ICOs. They are hitting the crypto industry very badly and creating a bad image of the crypto world. It is one thing that can sink the crypto ship. So instead of waiting for the governments to do something, i think this forum can introduce some kind of system to verify the ICO and some kind of security.

charlotte04

full member

Activity: 504

Merit: 102

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 having a regulation to ICOs and any investment related to crypto is also a good idea so we could try to lessen those frauds and scams for our new investors in the future.

andrebai

newbie

Activity: 71

Merit: 0

Nobody will do that at least in next few years. Its very hard to do and even then how you will force people to follow the rules

DeMoloR

newbie

Activity: 177

Merit: 0

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.

You are right, but I do not think that anyone will go, as well as my proposal. ICO projects it will not be profitable.

DeMoloR

newbie

Activity: 177

Merit: 0

Quote from: cryptogeek101 on July 24, 2018, 10:57:51 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.

This is a nice proposal but that will go against the doctrine of decentralization of the blockchain technology, however a decentralized verification mechanism would be highly appreciated.

is it possible to read this doctrine? could you pass on the information from which you are leaning?

fast2fix

legendary

Activity: 1612

Merit: 1001

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.

Topic: Is it possible to do this? - page 8. (Read 1183 times)