Hello Friends,
I am developing a platform for ICOs. The ICOs will be what I call Uncapped Blind ICO Auctions. These auctions are outlined in the following article:
https://steemit.com/ico/@roosterred/a-fair-ico-model-roosterred-s-uncapped-blind-ico-auctionsUncapped Blind ICO Auctions have several advantages:
1. There is no limit on who participates. No whitelist spots. Anyone who wants to bid can bid.
2. The company gets to raise the maximum amount of funds it ethically can.
3. Every single ICO participant is happy about the final price. No one feels cheated.
4. This is the type of ICO model that could be accepted by countries that have banned ICOs.
5. There is still usually a post-ICO bump in value (not always, which is key).
I wrote three whitepaper examples of Uncapped Blind ICO Auctions that can be found here:
https://steemit.com/whitepaper/@roosterred/whitepaper-examples-of-uncapped-blind-ico-auctionsThe platform needs private transactions, private accounts, and smart contracts to work. As of today, I don't know of a blockchain that does all three, but I suspect that will change soon. I think it can be done through ARK SmartBridges to a privacy coin or on Ethereum after future updates.
I am going to be learning programming so I can build/help build the platform.
I encourage you to ask questions or give criticism. I will post updates about the project here.
Your Friend,
RoosterRed
roosterred@loveyou.lu