Hello guys, we are currently working in a smart contract powered pension fund platform, and studied how we could improve our ICO.
What do you think about using the following rules, do you have any suggestion to improve it? We will publish it on github and if community support it, it could become a standard for next ones.
Main Points:
- ETH Locked through smart-contract, the funds will gradually become available based on Auctus business budget plan.
- Smart Contract source will be published well in advance, this will allow potential investors to audit the contract.
- We will publish our crowdsale contract address in advance, minus the last 5 digits, so there is no chance of funds being sent to an incorrect address.
- Team will have 2 years vesting with 6 months cliff.
This is a good idea if implemented that it would bring some level of sanity into the game but the issue is about adoption because there is no way to force compliance with this because there is no central body to do that for those interested in raising ICOs and even if the forum admin should adopt (which is higlg unlikely) there are other forum or platforms to make it happen thereby limiting the effectiveness of the control.