Escrow is a third party that monitors money costs and cash flows of money raised during ICO.
Meaning that Escrow is a sort of protection from scum and useless wastes of money.
We at incremint, are not planning to monitor operational and capex activity of an ICO issuer but yes, we will be protecting investors from projects that raise cash on mere promises and then failing to deliver on actual product. Investors may vote in favour of payback. Obviously, the mechanism we are building is meant to be balanced. Serious ICO sponsor will propose milestones it plans to abide by. Moreover, deadlines could be postponed by vote too. But no delivery means payback to backers intimately.