doesn't sound too bad, except that 90% of all ICO fail and could end as a huge loss.
You are totally right, there are so many low-quality projects or flat-out scams out there. This is one of the reasons wer are doing this, to offer people access to high-quality, vetted opportunities.
anyways, how do you prevent scammers from becoming syndicate? (KYC does not prevent this)
Very good point, that's why we vet every public Syndicate Leads. In order to be approved, they have to provide a track record in the context of ICO investments. I wanna mention, that we don't want to be too restrictive in order to provide an open platform for everyone, but we are definitely making sure not to allow any scammers to lead Syndicates.
sounds reasonable. and how are profits paid out? or is this the decision of the syndicate?