Post
Topic
Board Altcoin Discussion
Re: Finally ,a solution to fraudulent ICOs?
by
martin1221
on 05/11/2018, 14:13:28 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!

I am not sure how this would be set up in the blockchain but it would be a helpful feature. They dubbed it as “reversible ICO” (RICO), a fundraising model that allows investors to return their tokens – and be reimbursed – at any stage of the project, via a special-purpose smart contract. Nice idea and would help people who will be scammed.