1200 sounds a lot better. If you aren't willing to do escrow this ico will probably fail, as it's a solid clue you are a scammer. I totally disagree that 110 btc isn't a lot of money, it's a hell of a lot of money and you shouldn't have any problem paying Trex 5 btc or C-cex 1.5 btc to host the ipo.
Cool idea though, I hope it's for real.