Post
Topic
Board Serious discussion
Re: Any knowledgable thoughts on how to create a healthy environment for ICOs?
by
paxmao
on 17/05/2018, 15:30:09 UTC
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.


I see, that's a good step towards due diligence. Only IcoBench is doing this? how about others?

Only this one that I know. Some investment syndicates are also guaranteeing their investor that the due diligence are properly done as an Incentive.
what kind of investment syndicates? please share.

Typically discount buy groups such as Bank to the Future (which I don't like) and some investment funds that sometimes disclose their research to members, such as Astronaut (formerly Picolo Research). I am sure there are others that have the time and resources to do a true Due Diligence.