Post
Topic
Board Altcoin Discussion
Re: Raising ICO Standards
by
RedNovember
on 24/08/2017, 22:16:33 UTC
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.

These are good points. If we hold ICOs more accountable everyone will be better off. Right now it's basically the wild wild west in the market but I think all that will change