Quote from: ashmodeus on August 02, 2018, 08:06:36 PM

well
DAICO already planned on ABYSS project,
if u see the project,
they have a logo the first DAICO concept.
and all going well with vote system,
but the price still under the ico price ,
so i think the problem is not because what about concept behind it .

The Price still falls behind because of the fact that the Tokens doesn't really have a use at the time they are released to the market, so it's losing its value

Also, as far as I know, they Abyss project is planning to give this option within the Abyss syste, - not on the crowdfunding / investment level

Quote from: Typogre12 on August 02, 2018, 08:18:31 PM

I do not know how, but the Menlo.one project promises to find scammers. There can be no algorithm, but they will do it manually, but it will be wonderful. I think everyone is already waiting when fraud will be at least less.

But they want to be sort of the regulator for the ICO itself, which mean that the project need to be uploaded to them, which is not so much possible with the amount of ICO's in the market...also, I'm suggesting here an overall solution for investment flow.

Quote from: CuapCuap on August 02, 2018, 09:37:09 PM

It seems like the idea you are thinking is very good, I just heard the term you talked about above. I have a suggestion that bsa fraud be reduced ie an agency must be created that guarantees the legality and authenticity of the new ICO. the member of this institution is a combination of great people who are influential in the crypto world and already have a lot of experience. each new ICO must have an official letter from this institution. If this can happen, I'm sure fraud will be very difficult.

Thank you! this is something new I came of for the term, Again, Legal and Authenticity proccess is a diff part of the flow as it's per the regulation demand for KYC / GEO etc..

Quote from: kulsuma on August 05, 2018, 06:11:58 AM

There are some projects that are under way, such as menlo.one. The algorithm is not yet defined, maybe it will be done manually. But these sort of projects will reduce the amounts of scams for sure.

As I mentioned above - I think they are more of ICOBench sort of "Giving Opinion" sort of service, Last one I heard about was "Block Blocker" which did Exit Scam ICO..

Quote from: GoldOrBTC on August 05, 2018, 07:34:37 AM

I have read your post and I find this concept of proof of establishment protocol very interesting. I am looking forward to this and the best part is their community conducted voting based decision mechanism. I hope fraud will be less now.

Thank you very much!

Quote from: honghe99 on August 05, 2018, 07:39:03 AM

The best way to reduce fraud is to establish a credible ICO regulator. Only relying on the power of investors can not form credibility. It requires a third party without interest to be certified to be truly fair.

Yes, But it is the same as with any other industry - gaming/software / Investments etc.. there will always be frauds and scams and phishing in the sphere, the idea is to give an additional tool to deal with it for the moment since the money left the investor.

Quote from: Btcallans on August 05, 2018, 07:43:35 AM

I think cryptocurrency will need to conduct public awareness for the inventors inorder to educate many investors on how to avoid fraud. We need the help of cryptocurrency community to penalize many illegal activities which involves cryptocurrency.

This is something you need anyway, But because of the fact that the market is so big and decentrelized, it's almost impossible to cover it all manually