Throughout my experience, i came across a lot of ICO scams. Wouldn't it be great if we can find a way to fix this? Apart from doing due diligence & research on your own, is there any other way to invent some kind of safety features for the ICO dilemma? Let's share our thoughts & idea here...something that's realistic perhaps?
One initiative I am very happy with is the "Inverted KYC".
IcoBench asks members of the ICOs team´s to prove identity and possibly a bit of the background and makes an special mention of those who pass this requisite.
This is the perfect example. Another one is creating ICO with real-world benefits, it's not uncommon seeing RL companies offering their shares/services for cryptocurrencies. If you can afford, this is a really good way of business.
Real world benefits? You mean benefits to those who join either on the issuer side or investor side, right?
What do think about Accrediting the ICOs? What i mean is due diligence, reserach & accreditation done by well-known trusted entities like a well-known & trusted:
- Audit house
- Underwriting house
- Financial house
- Government
- etc
what do you think about that?