Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Cerberus – ICO insurance platform
by
holydarkness
on 08/03/2019, 14:40:11 UTC
Basically, you offered a position of an escrow for projects? Without any mean to accuse you of anything, may I know what ensures both the investors and ico devs that you won't flee with the funds, be it investors' or the ones that supposed to be liquidified to devs?
Thank you for your question. We do not have direct access to the funds. The safety of the both sides will be guaranteed by our Smart-contract. The Smart-contract is open source and everybody can see how it has been programed.

What is your insight for following scenario:

A project, which runs under your insurance ad well as seeking third party investments, expand so much during the middle of ICO up to the end that they have to delays so many things like distribution, exchange listing, etc. Also, due to the success with third party, they're forced to have NDA (these issues, claiming their projects are under NDA, so no distribution of info allowed, are very often nowadays) that renders updates about milestones and achievements undisclosable. Basically, distribution delayed, information are not for public, they pretty much seems falling into hiatus, going under, you name it, yet their development is still going --although silently-- and they're not scam. BUT, at the same time, the amount of silences would encourage the thought of scam.

Thank you for great question again.

Indeed there is a possibility that there may occur some NDA-based complications.

However, it is rarely the case that the ICO partner is fully restricted by the third party.

Furthermore, we are not a bureaucratic platform. We are easily adaptable. If during the ICO integration our partner is forced to introduce any additional privacy rules we will carry out the necessary changes to the lists of commitments, inform our clients and come up with some other kind of activity verification.

Regarding third party NDA, yes it is unlikely indeed, but it doesn't mean it's impossible. There still will some probability it'll happen. So what'll be your solution?

And regarding privacy, it's actually not a point that I asked, but your explanation sparked a curiosity on my mind, suppose a project require their investors to do kyc in the middle of their ICO, where they were not asking this at thr stsrt, will the investor allowed to leave with all their funds?