Hi guys! I have an interesting idea. I think I know how we are able to stop scam in the ICO & IEO market.
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What would you think about an ICO/IEO model where venture funds invest with you?
In this model you would not need to worry about fraud, nor poor quality projects. The venture fund will select projects and choose only the most promising. They will also provide a legal framework that will protect the funds of the cryptoinvestors.
The model works as follows:
1. The venture capital fund seeks a promising project.
2. The venture capital fund uses its own professional infrastructure to verify the feasibility of the project and the integrity of the founders.
3. The venture capital fund invests its own money in the project to confirm the quality of the work performed. The size of the funds investments is at least 10% of the required amount.
4. The rest of the ICO or IEO is invested in by private cryptoinvestors.
5. Private cryptoinvestors pay a commission to the fund for their services.
Thus, private cryptoinvestors receive:
1. Protection against fraud
2. Quality projects
3. Legal protection of rights
4. Access to the professional expertise of a venture fund
The venture capital fund will receive additional financial leverage and additional profit from the commission. Promising projects will receive money for development. Everyone will benefit. Everyone will be able to earn money.
What do you think about this? Would you agree to participate in such model?
This is a brilliant idea but you should also know that IEOs were introduced into crypto space just to provide your suggested solutions. IEOs are meant to check and eliminate scam projects by the exchange platform running the IEO. But I also think investors should also spend their own time researching about projects before even thinking of investing into them.