How to gain investors' trust in your ICO, STO ?

The influx of fraud ICOs has made wary of every ICO investors and they become reluctant to invest even if it is for a deserving cause. General Tokenization Manifesto proposes a standard to conduct ICO and STO so as to empower the ICO community to be self policing so that the problems faced in the ICO domain today, such as scams and high fail rate of ICOs can be solved.

© Accubits Technologies INC. All Rights Reserved

General Tokenization Manifesto

The entry of Initial Coin Offering into the business sector was phenomenal. With the success stories of several entrepreneurs who raised funds to launch new business models and blockchain based decentralized applications, the concept of ICOs has grown into a revolution. However, This market with a heavy flow of capital attracted fraudsters who want to become overnight millionaires. The influx of fraud ICOs has made wary of every ICO investors and they become reluctant to invest even if it is for a deserving cause. These are a lot of odds against the genuine and creative minds who are trying to change this world through decentralized applications.

The sole way to save the concept of ICOs is to cleanse it from the hands of scammers and empower ICOs to overcome the high failure rates. Doing so, founders can regain the trust of the ICO investors and can bring back the good reputation it once had. Though it sounds very simple, how to make it practical is a big question.

General Tokenization Manifesto proposes a standard to conduct ICO and STO so as to empower the ICO community to be self policing so that the problems faced in the ICO domain today, such as scams and high fail rate of ICOs can be solved. This whitepaper introduces a methodology named Milestone contract fundraising which lets investors decide when funds will be released to the offerers/promoters. According to the authors, this methodology can be the solution for exit scams happening in the ICO domain. In a milestone Contract token sale model, the funds raised with the ICO will be locked in a smart contract called the milestone contract or a third party custodian. The contract releases the funds based on the completion of each milestone as pre-defined in the smart contract. The underlying idea is that the founders actually need to meet the milestone goals in their project to receive the funds raised in ICO.

Download Whitepaper

Need more help?

We can help you right from onboarding advisors to developing fully fledged custom blockchain application

VISIT ACCUBITS