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Title: Individual Hardcaps Post by: overttherainbow on September 04, 2017, 01:55:31 AM Is there a fair and effective way of implementing individual hardcaps for ICOs?
Limiting contributions per address means people will use multiple addresses. Pre-registration means whales can register multiple accounts and causes friction. KYC goes against the ethos of cryptocurrencies. Can any of you guys suggest another method of implementing an individual hard cap that doesn't run into any of the above problems? Title: Re: Individual Hardcaps Post by: Agozyen on September 04, 2017, 02:58:32 AM KYC circumvention is no problem for individual investors. Just select 'No I am not a citizen of Country X' or use a VPN.
I really can't speak to individual hardcaps though, the same methods used to bypass KYC can be used here. Classic example of a double-edged sword. The only thing I can think of is some type of lottery system. Title: Re: Individual Hardcaps Post by: overttherainbow on September 04, 2017, 03:04:07 AM KYC circumvention is no problem for individual investors. Just select 'No I am not a citizen of Country X' or use a VPN. I really can't speak to individual hardcaps though, the same methods used to bypass KYC can be used here. Classic example of a double-edged sword. The only thing I can think of is some type of lottery system. How would the lottery system work? Title: Re: Individual Hardcaps Post by: asepsetiawan1990 on September 04, 2017, 03:39:15 AM rules should be applied in this regard. But there is a provision for anyone to enforce the rules. Claimed every individual has different properties.
Title: Re: Individual Hardcaps Post by: overttherainbow on September 04, 2017, 04:02:37 PM Could someone please supply a detailed description of how a lottery system would work? Or any other system?
Title: Re: Individual Hardcaps Post by: _ICOBroker_ on September 04, 2017, 07:17:44 PM KYC circumvention is no problem for individual investors. Just select 'No I am not a citizen of Country X' or use a VPN. I really can't speak to individual hardcaps though, the same methods used to bypass KYC can be used here. Classic example of a double-edged sword. The only thing I can think of is some type of lottery system. This is not entirely accurate. Almost all legitimate upcoming ICO's require some government issued documents or identification. They also use proprietary 3rd-party software or services to verify your information. A VPN in such cases are not really helpful. |