Considering the high level of scam associated with ICOs presently, many investors are at risk of loosing their investments. Bounty hunters like us are not spared as we may be rendering free services to some scammers and also risking our personal data.
I suppose a regulatory body be set up to audit the ICO process and the founders, and if anything goes wrong or should the project fail, they will be liable. This will reduce drastically investors risk and also keep scammers away. What do you think?
I think this ICO really should be regulated. The large number of ICO frauds is very troubling to the public, making the crypto currency market fall as badly as possible. If indeed this ICO still wants to survive in the crypto currency then it should be arranged. This minimum regulation concerns whether or not it is appropriate for ICO to be present in the market and how much this ICO is responsible for the project. I am sure this will reduce fraud from the ICO and increase public confidence in joining ICO again.