Hey everyone,
How do you verify that a projects funds will not be stolen by the devs? Many projects hold ICO's or some other sort of sale to raise money for development and many have turned out to be scams where the dev steals the money.
What are you looking for to verify that they won't run away with the cash?
Any ideas on how a project can build trust with the community on this topic?
What would you like to see DAO projects do in the future that would help build trust and make sure funds are secure from theft?
To find out the level of security of a project, we usually look at the manager who handles it and the team in it, if they have carried out many projects but the results are satisfactory, then their project is worthy of our participation.
For now I'm not too worried about money theft, because basically we have our own way of looking at a problem that will happen in the future, if we can't see and analyze this, then we are not right in the crypto world.