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RE: OpenLedger Crowdsale News. Get 3% Apptrade Bonus. Fingerprinted Transactions
What recommendations do you (or anyone) have for determining which ICO projects have promise and which ones are a waste? With so many ICOs, we'll see more and more failed projects. By what metrics should someone make a decision?
I think in the end it is looking at the ones where you have a security for your funds all the way until launch, I mean any project where you have a well arranged escrow arrangement established as well as exit options is always the best, but I think until now we are the only ones at OpenLedger actually offering exit options as well as escrow with multisig set up to allow release acording to roadmap and on top we follow project all the way to launch. So many arrangements are handing over funds once ICO is over and rely on project alone to deliver. It makes too many weak points and higher risk of failure.
I should say that above example is meant for ICO's or ITO's run on top of OpenLedger and it's BItShares and Graphene tech, where we are able to control the entire process from early bird offerings untill project is finally in goal and both project leaders as well as ITO participants receive what they expect. A happy end is really what we aim to do with all ITO's presented on OpenLedger and although we may not have been able to offer same as we do now in 2016, we feel confident now to say that we are your best friend whether you are investor or startup, as we look out for the interest of both parties, it is the only way to succeed and can only be done if we are there from start to finish. A complete package, it is what we call the OpenLedger Gateway to crowdfunding 3.0
I had to read that twice and slowly to full grasp what you're saying (maybe that's the martini's fault). Are you saying these ICO's are done in such a way that you get a full refund if the targets are hit? What do you mean by "exit options" and "escrow with multisig"?
The challenge with so much of this stuff is that the more complex it gets, the more others have to learn. And yet, we all use complex devices every day, once we get familiar wth them. For those who are way down the road, explaining the basics can get tedious. For those just starting out, every new concept is a paradigm shift.
Thanks for walking me through it all. :)