"Due to the nature of this campaign,funds can not be escrowed. We have successfully raised the soft cap and we are confident that the upcoming ICO will hit the hard cap. We are committed to pay the participants from the amount raised. Please do your due diligence before participating in our campaign. Your participation implies that you understand the risk involved.
They can escrow 1% of the hard cap, or at least a reasonable amount (ex 0.5% of the hardcap) so that participants aren't left with nothing if they disappear. Just sounds like a BS excuse for them to avoid escrowing funds to me.
Hi DarkStar_
Your suggestion is reasonable. On one hand, we are trying to raise funds to realize our project, on the other having the funds already - we wouldn't have to do an ICO.
Nevertheless your concern is real.
We could look for an option to allocate every 10-14days 1% (after first time, top up to the 1%) of the raised funds to an escrow during the ICO, to ensure participants that we are going to put the money where our mouth is.
Give us a day or two so we can discuss it with our Bounty Manager Wapinter and our Team.
From Switzerland with Love
Your Konios Team