Re: [ANN] Equibit - A Peer-to-Peer Electronic Equity System - ICO February 1, 2017
I don't think that without escrow the investment amount will be high. If only from bct-newbies that read nothing, and hope for freebie. These type of investors like to participate in "black holes", like Lithium or Taskie 
. So let's wait for information.
Have you even read the information available yourself? There's a great whitepaper and the ICO terms are already set. You're too stuck in the Altcoin universe. I find it hard to believe a company which has raised $150,000 and is valued at $3 million would need an escrow.. So let's wait for information.ICO T&C: http://equibit.org/equibitico.pdf
Thank you for this comment.
I agree with the opinion above, without escrow investing in unclear candy wrappers willbe dangerous. And the price is too overstated. The actual cost will be determined by the market. And, most likely, the price will be x10 less then ico-prices.
That's my worry too. An escrow really is a must and if I'm not mistaken the ico price is about $2. I'm interested but I'm gonna check this out from the sidelines.If he doesnt have an escrow, its safe to left him negative ratings. Everyone who comes up with a newly made wonky coin should at least have an escrow if he / she wanna people to take him / her seriously.
OK, so ico beginning soon, and we will wait for a putative escrow.
also equities are a highly regulated area in the financial world, the idea is good, but the result incertain;
will the stocks traded already trade on a classical bourse, or will they be entirely different stocks ?
We envision that companies who have already IPO/ITO'd can release a different class of shares on EQB.
I agree with the opinion above, without escrow investing in unclear candy wrappers willbe dangerous. And the price is too overstated. The actual cost will be determined by the market. And, most likely, the price will be x10 less then ico-prices.
That's my worry too. An escrow really is a must and if I'm not mistaken the ico price is about $2. I'm interested but I'm gonna check this out from the sidelines.
If he doesnt have an escrow, its safe to left him negative ratings. Everyone who comes up with a newly made wonky coin should at least have an escrow if he / she wanna people to take him / her seriously.
Details about why we aren't using Escrow can be found here: http://equibit.org/post/ico-escrow-agent/
Why are you not using escrow? is this similar to ICONOMI?I think not using an reputed escrow is the reason this has not gain many investors.
We appreciate your feedback.
Escrow has been used for decades by companies raising funds because the logistics of doing it all themselves was nightmarish. Escrow agents specialize in getting through all of the investor paperwork, collecting investor funds, and making a lump-sum distribution to the company when the offer closes. Its always been about getting companies capitalized in the most efficient way. Escrow agents have no responsibility or duty to do your due diligence, and they wont. Nor will they do anything to drive a project forward and deliver, thats what CEOs do. EDC has built the infrastructure needed to collect purchaser information and payment and so the primary purpose of using an escrow agent has already been dealt with.
Further details about why we aren't using escrow can be found here: http://equibit.org/post/ico-escrow-agent/