This is certainly worth looking into and might even be better than the oversold DAO Project. I did invest on the DAO

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However, I've already seen results using the Openledger by trading User-Issued Assets and Smartcoins. The symbiotic relationship of digital assets on this platform is very transparent. But I'm not saying that there is no risk. There will always be one. But with the community helping each other, I believe we can mitigate or minimize those risks.
This ICOO will be a great addition to the Decentralized Exchange.