Tezos: how a better ICO governance would benefit the investors

ufalo3

full member

Activity: 462

Merit: 100

Yes, really this scandal has made a great spot on the reputation of Tezos.
Now many people involved into cryptocurrency business doubt in a “no-problem” future of this blockchain.
Its developers promised not to close the project, but many investors really blame Tezos team in a great fall.

I think they have the right to do it — just imagine you are on their place – to invest in tokens everything and get a zero?

surexchain

member

Activity: 127

Merit: 10

We offer the decision for "Tezosgate" cases: audit with 3-tier proof-of-accounting consensus

https://themerkle.com/darfchain-offers-strategic-decision-to-icos/

OliverChassa

jr. member

Activity: 38

Merit: 2

I guess some of you read about the Tezos case and the battle for leadership between the founders and the Swiss foundation who was in charge of the ICO and developing the platform; a battle that negatively impacted on the value of the Tezos token and is putting the whole project at risk after it raised about $ 230 million through an ICO. Some investigations are ongoing to find out what happened and eventually violations of securities laws.

My question here is, will it be possible to accuse and sentence Tezos since the company which handled the ICO is a Swiss foundation and since the ICO was described as a non refundable donation?

It might sound that the money will stay in Switzerland...but an improvement of the ICOs’ governance would definitely benefit the investors.

Here is a link to the a summary of the case and its current situation: https://www.cointelegraph.com/news/what-lessons-can-be-learnt-from-tezos-ico-debacle

Topic: Tezos: how a better ICO governance would benefit the investors (Read 234 times)