Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin
by
jl777B
on 24/07/2017, 14:04:01 UTC
Quote from: BitcoinOnFire on July 24, 2017, 01:52:10 PM
Quote from: jl777B on July 24, 2017, 01:28:18 PM
Quote from: BitcoinOnFire on July 24, 2017, 01:20:30 PM

jl777, a side question regardin ICO - as you fully know how it works - do you think it's possible to build ICO managing platform based on blockchain, so that it could be easy and safe to manage it? For example using Supernet platform?

why I'm asking is the parallel of gold rush an shovels - like the saying "the most money on gold rush did shovel producers". Might be that ICO platform in ICO rush times be shovel for making money? Smiley

This obviously requires not only a safe backgroud platform but an easy and intuitive UI. This could be sth like a real usage for Agama wallet for example and a revenue source?

PS

Possibly ICO and simmilar funding solutions will be the future - as you can get funds on global scale, which before crypto was very hard. Obviously there will be many scams initially, but like with scam coins didnt kill BTC, scam ICOs will not kill ICOs, it will jut evolve...


An ICO can be run on top of any cryptocoin. It seems to be a purely application layer and even a centralized one. So while SuperNET could develop such, it isnt really our charter. Maybe there can be some decentralized organization governance built into the entire process.

OK, so, yes, it is possible.

Maybe my question was actually stupid, as  simplifying ICO is a barter of 1 token for another token, so could be even done through Supernet BarterDEX.

But anyway maybe there are some other infrastructural problems I'm not aware even other then ICO websites or sth possible and some complex solution could be interesting for many businesses.

most of the issues are tracking the credits for an account and binding an account to a final address.

now if the restriction that ICO participation is only based on the source wallets, then it can be all automated pretty easily. Just look at the vin[0] for all the funding deposits.

However, if you are accepting other currencies, then what exchange rate to use.
What bonus to use, if any.
Are there email addresses used as accounts? If so, how to assign a final payout address to each account.
What about 2FA?

As you can see, most of the issues are about running a secure website to manage accounts, unless a strict vin[0] address being used