New way to do an ICO safely (DeFi Project)

cryptopediabd

member

Activity: 154

Merit: 16

Quote from: devel_blockchain on October 28, 2020, 02:21:56 AM

ICOs allow for an open and fair distribution, however many scams are made. They are no longer an option for serious projects.

IEOs are safer options, as the money is gradually released to the team, this reduces the risk of scam. However, there is a dark side to this modality that few see. To launch an IEO, it is necessary to have contacts within the exchange, pay an amount for the exchange to advertise your project and the sale of the coins is first made to a select group of investors and then to the general public. There are other options, but none really good.

Secure Initial Coin Offering is a smart contract standard that interacts with a Dapp. It brings together the best of both worlds, ICOs and IEOs. It is a safe way for people to invest in serious projects. It reduces the risk of investors falling for scams, protects the amount collected from the currency variation, protects against hackers and increases the project's credibility.

Please, see our page and give us feedback.

https://secure-ico.com/

It's again like the system of freelancer site where buyers & sellers need to work on a dangerous site. Because your site can be hacked any time. This way project & investors lose big money. And I think IEO is better & best idea to solve this problems.

royalfestus

hero member

Activity: 2464

Merit: 519

Those attractive ideas need caution, IMO exchange made a year this December with similar idea but 99% of projects from the platform are scam and failed project. They design it to limit investors from accessing their coins for a year to promote the tokenomics, however, the project were not promoted outside the community and the team behind the project are anonymous, so it was easy for them to scam investors without being caught. I saw a lot of ideas in this direction at the beginning of the year that didn't succeed, people are smarter with their money

atjiat

full member

Activity: 1204

Merit: 104

I believe that there may be the only option when the development team will not consider other ways to raise investment funds, this is when certain firms, companies or businessmen have already been involved in the project, who are initially ready to invest their money in this ICO project. It is in this case that the ICO campaign will take place without any obstacles for developers and investors. But if the company has very good publicity, then it will attract a fairly high volume of investments from outside.

Twinkledoe

full member

Activity: 1904

Merit: 138

★Bitvest.io★ Play Plinko or Invest!

Quote from: ?? on ??

good idea, but all come back with them investors must be observant and smart in investing
I see your website is good but not attracting attention

Their objective is great and it will help investors not to get rekt by these blockchain projects. However, he needs to do active marketing for his platform in order to attract projects as much as he can. For those projects that have no funds or have the intentions to run away, for sure, they will avoid this service. I don't think they can afford the 0.4-0.6 btc as payment for the service. lol

Rodeo02

hero member

Activity: 1302

Merit: 577

avatar and signature space for rent !!!

The problem about your idea is the promotion of your website you need to have more market at the same time you need to have more interested investors registered in your website before startup project be interested to use your platform.

It's new and many developer or startup project will not easily trust your ideas even how good it looks . It will only reduce the risk of scam but it will not lost, meaning there still many project can use your website to scam but they can only claim small percentage of collected amount which is around 20% if they don't want to continue project.

felipemarts

newbie

Activity: 15

Merit: 2

Quote from: leea-1334 on November 17, 2020, 01:38:30 AM

Does anybody ever heard of initial curve bonding method? I read an article about it recently but cannot remember where (Hackernoon I thought but now I cannot find it),,, basically the token supply is not fixed and adjusts to how much people buy. Buy more and more supply is produced. Sell it back and supply is burnt. So apparently price adjusts accordingly. Seems a fair deal for me. Thoughts?

This is a great idea. The Uniswap used bonding curve.

Yesterday I found some articles explaining about DAICO which is exactly what I was trying to do. Vitalik Buterin talked about it in 2018.
https://medium.com/quillhash/dao-ico-daico-d4be2a39093c

Maybe I can put the two together.

leea-1334

hero member

Activity: 2338

Merit: 953

Temporary forum vacation

Does anybody ever heard of initial curve bonding method? I read an article about it recently but cannot remember where (Hackernoon I thought but now I cannot find it),,, basically the token supply is not fixed and adjusts to how much people buy. Buy more and more supply is produced. Sell it back and supply is burnt. So apparently price adjusts accordingly. Seems a fair deal for me. Thoughts?

felipemarts

newbie

Activity: 15

Merit: 2

I think it can help to filter out good projects.

devel_blockchain

newbie

Activity: 9

Merit: 0

That's exactly what I want to avoid, too.
See, before the ICO, the development team will define a roadmap and the amount collected at ICO is sent to the team's wallet little by little. If the developers are not complying with the promised roadmap, investors will be able to exchange their tokens for the remaining funds at ICO.

Example:

August 2020 - The team defined the Roadmap: The project is defined in phases. There will be 5 phases with 3 months duration each
September 2020 - ICO raised 1,000,000 DAIs
October 2020 - The SICO contract keeps 800,000 DAIs on hold and releases 200,000 DAIs to the team's wallet
January 2021 - Investor voting is done at Dapp: The team delivered everything they promised to deliver in phase 1.
- 200,000 DAIs are sent to the team.
- The SICO contract has now 600,000 DAIs.
April 2021 - Investor voting is done at Dapp: The team delivered everything they promised to deliver in phase 2.
- 200,000 DAIs are sent to the team.
- The SICO contract has now 400,000 DAIs.
July 2021 - Investor voting is done at Dapp: The team did not deliver everything they promised to deliver in phase 3.
- Investors are not happy with the performance of the team and the currency. They vote to cancel the project.
- The contract has 400,000 DAIs left.
- These 400,000 DAIs are exchanged for tokens issued to investors.
- The team does not receive anything from now. Investors receive 40% of the amount invested back.

Slow death

legendary

Activity: 3164

Merit: 1127

Leading Crypto Sports Betting & Casino Platform

the problem is that even serious projects have no guarantee that the currency will grow and will not disappoint investors. even if your method is good and really reduces fraud, still after people are their coins they will be dependent on the long term development of the project and unfortunately many project creators after months become lazy because they have already achieved what they wanted "get a lot of money "and the development of the project becomes slow and the project gradually dies

devel_blockchain

newbie

Activity: 9

Merit: 0

The contract is now available on the Ethereum network. Cheesy

Brunsvique

newbie

Activity: 1

Merit: 0

Interesting, ICOs had a lot of problems in the past, use smart contracts to build a safe ICO seems to correct most of them. Hope to see it working soon!

devel_blockchain

newbie

Activity: 9

Merit: 0

Thank you. I created by mistake

Quote from: sujonali1819 on October 28, 2020, 11:21:00 AM

@OP why two topic with same details? Another one is : New way to do an ICO safely (DeFi Project). Maybe have mistakenly created this one or mod have move it to in this board. You should lock one of them. In left bottom you will find the Lock button.

sujonali1819

legendary

Activity: 2436

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Need Campaign Manager?PM on telegram @sujonali1819

@OP why two topic with same details? Another one is : New way to do an ICO safely (DeFi Project). Maybe you have mistakenly created this one or mod have moved it to in this board. You should lock one of them. In left bottom you will find the Lock button.

devel_blockchain

newbie

Activity: 9

Merit: 0

Exactly! Now I have to think of a way to show this to the world. This can help to remove these thieves from the system.

Does anyone know how I can do this?

Quote from: Bitum on October 28, 2020, 10:55:14 AM

I find the idea very interesting, as it immediately filters out the scams projects because they will not have a chance to cheat the investors. Such a service will only be used by serious projects, and that is actually the ultimate goal

Bitum

sr. member

Activity: 1414

Merit: 271

bitonator.tangled.com/join

I find the idea very interesting, as it immediately filters out the scams projects because they will not have a chance to cheat the investors. Such a service will only be used by serious projects, and that is actually the ultimate goal

devel_blockchain

newbie

Activity: 9

Merit: 0

ICOs allow for an open and fair distribution, however many scams are made. They are no longer an option for serious projects.

IEOs are safer options, as the money is gradually released to the team, this reduces the risk of scam. However, there is a dark side to this modality that few see. To launch an IEO, it is necessary to have contacts within the exchange, pay an amount for the exchange to advertise your project and the sale of the coins is first made to a select group of investors and then to the general public. There are other options, but none really good.

Secure Initial Coin Offering is a smart contract standard that interacts with a Dapp. It brings together the best of both worlds, ICOs and IEOs. It is a safe way for people to invest in serious projects. It reduces the risk of investors falling for scams, protects the amount collected from the currency variation, protects against hackers and increases the project's credibility.

Please, see our page and give us feedback.

https://secure-ico.com/

Topic: New way to do an ICO safely (DeFi Project) (Read 267 times)