Ninjastic
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Post
Topic
Board Altcoin Discussion
Re: Finally ,a solution to fraudulent ICOs?
by
Herlina
on 01/11/2018, 06:14:07 UTC
Quote from: florac9 on October 31, 2018, 08:32:42 PM
Shocked As I was surfing the web today I came across this wonderful news=

https://cointelegraph.com/news/erc-20-co-author-proposes-new-ico-model-to-protect-investors-from-fraudulent-token-sales

 very soon we will start seeing reversible ICOs projects which will reduced scammy and fraudulent project ,finally dreams are coming true,the capability of been able to reverse your invested money in any ICO is wow!
I think this ICO model is quite risky for startups because many speculators easily panic in this market, maybe FUD will be a weapon to destroy ICO projects because most people in this market are easily panicked by FUD and startups will go bankrupt if they return most of the project funds to investors, they can sell back the returned token but I'm not sure market demand will be enough to cover that