Sorry for asking, I can't read 1400 pages and see if the question has been asked before (altough I did search):
- Is there a way to see a how much of the raised capital Iconomi has spent and how much is still left? Also I saw some annunciations about Iconomi already buying into a few startups, is that done by buying into the ICO's as well? If so, is there a way to see the actual balances that Iconomi holds?
The reason I ask is, even though Iconomi seems trustworthy, except reputation, what keeps Iconomi or any other clone ICO in the future from just doing an ICO, announcing buys/sells (thereby raising the token value) but not actually doing any buying or selling whatsoever?
Thanks for reading/replying.
BTC:
http://btc.blockr.io/address/info/3KbWWjumBGLBUWYCeidydxe1uET9QyWoEgETH:
https://etherscan.io/address/0x154Af3E01eC56Bc55fD585622E33E3dfb8a248d8LSK:
https://explorer.lisk.io/address/6300322192409448238LNo way to track the fiat reserves, as far as I know.
Yes, they buy into ICOs and announce these after the ICO ends.
I don't fully understand the last question, but in theory there is nothing stopping anyone from doing various tricks/scams/manipulations. But there's a lot of people who can spot things like that, and will call it out. So maintaining a good reputation is the main thing that will stop that sort of behaviour, as well as the fact people can monitor the blockchains. There are some clever ways to trick people, but it's still taking a risk that you might be found out one day.
As Daparski stated earlier, any ICO investment ultimately requires trust. The announcement board on this forum is full of scams, where people just take your money and vanish.