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?
If we already know there are projects that can guarantee the money we invest, of course there will be many people who dare to take this good step, but in reality we have to be careful in investing in new projects. for the safety of the money we invest, it's better to invest in old projects if you don't want to take bad risks.
What kind of project can definitely guarantee you to return the money you invested? What kind if investment is that even? There is no such thing as a guarantee unless you are financing a company that has signed contracts and partnerships and only needs money to realize those plans. In that case that business would most likely go to a bank anyway. Investing means fostering risk-related entrepreneurial efforts in expectation for a success dependent return.