Post
Topic
Board Altcoin Discussion
ICO Payments and How they Know Who's is Who?
by
SurfnTurf
on 10/09/2017, 11:42:59 UTC
Hi,

I have been looking at a few ICO's and I don't understand how the deposits work (or more specifically, how do they account/audit my payment).

They require I put in my Email/a Waves address/Amount/Type of Crypto.  But they do not require I put the "address" I will send my payment from.

What stops me from telling them I will send 1 BTC, put in a Waves address and then just checking their wallet and saying, "yeah, that deposit there is mine, now send those coins to my Waves wallet"?

Thanks.