Post
Topic
Board Altcoin Discussion
Re: Finally ,a solution to fraudulent ICOs?
by
sana54210
on 03/11/2018, 11:30:19 UTC
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!
it is still a proposal but I hope even if this is going to be implemented, they are really going to try as much as possible to put a good framework into place that won't let people take advantage of the model.

It is not a bad idea at all, but that would only be applicable if they are able to probably get the investments on a lock down automatically, and then there is a way there can be a tag down on the development of the project in the long run, to be able to know if it is a scam or not because the fact that a project with no product or have no possible plan for product, and just simply ended up creating and distributing token, does not make it less of a scam.