do you have a technical whitepaper
Yes, we do and we will release it when its about time. It is just too early to show the technical aspect to public. (project safety). |
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Added:
- Be aware before creating an ico, with the only intention to fund another shittcoin, you lower common peoples trust in crypto and you damage the hole ecosystem!
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this is about free market also and decentrlization if people want to invest into bad coins they should be able to. everybbody need to learn what is a good coin ot heir own. also you have shitcoins that years after can become good, it is not black and white
^^^ what does that have to do whit free market? Non is talk about hardcore regulations covered by legal authorities ^^^ how it would interfere with decentralization? I dont get it... Fact is, that its made very easy to start a scam! And there is a lot of " I give a shit as long I make profit" mentality around... People are promoting every freaking crap they get paid for without even asking whats all about, what possible damage can be made... Not all, but more and more of are jumping on that train... |
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I wish more people here had a brain and dignity to report the obvious, like Spoetnik. On THAT I agree 100% |
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Many things are regulated via collective sense of responsibility, but what if it gets lost? It could possible harm the hole blockchain ecosystem, no? If there would be committee voted by the community, that would give recommendation (based on free will of the ico issuer), would that work? Something like if I sign up my ico to this verification (  ) process (service) it would run through an audit and if its passing, it would give some extra trust factor. But of course it wouldn't have any legal background, more a community driven (tested by community) badge or something... Its all very theoretically, just a thought.... Don't get me wrong, I like the idea of that, but what is to stop ICOs from just paying individual members ungodly sums of money to whitelist them? Not to mention, can anyone name one person in the world that they would trust implicitly to determine what is and isn't a scam AND who they would also trust to not be bought off? I honestly can't think of anyone. Well it will be hard to buy the hole community... it should be somehow democratic voting and controlling team so on... you can buy 1- 10 people but 50 will be hard I guess... And I didnt mean to declare shit coin or not... just to give a trust bonus and guarantee some minimum requirements or something like that... |
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A few triggers can help you:
1. It's an ICO? 100% scam
2. It's premined? 100% scam
3. It's not minable? 100% scam
4. It's a clone of another coin? 90% scam
Hope this helps and I also hope you guys have some brains to choose a few nice, fair, decentralized coin to invest your money and not all those shitcoins.
you remind me on *** Spoetnik *** But I cannot agree on 100%... by 88% I would be by with you :-) |
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Many things are regulated via collective sense of responsibility, but what if it gets lost? It could possible harm the hole blockchain ecosystem, no? If there would be a committee, voted by the community, that would give recommendation (based on free will of the ico issuer), would that work? Something like if I sign up my ico to this verification ( ) process (service) it would run through an audit and if its passing, it would give some extra trust factor. But of course it wouldn't have any legal background, more a community driven (tested by community) badge or something... Its all very theoretically, just a thought.... |
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So you both agree to let it be self regulated? I´m just asking, no offense... I'm just curious what people think about it...
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What you guys thinking, will there be shittcoin warning list, websites or software informing about shit coins in near future?
Something like blacklist for email spam, IP spam...
Its clear, that it would need regulations to do so, but I wonder myself where all the hype will end, without having something like a shittcoin warning system...
What are your thoughts?
***UPDATE***
List might be the wrong attend!
>>> The current thought is community driven audit of coins and icos to prevent scam! Example: Before some1 issues an ico he could ask for audit and if the audit passes he could get a a badge... something like that, to increases trust.
1. There should be a committee democratically voted with min. 20 persons (to avoid corruption)
2. Applying for audit is based on the free will of an issuer
3. There are no hardcore regulations and no legal aspects
4. Its something like a professional opinion from chosen community members that adds extra trust and adds a little process to "separating wheat from chaff"
Well all very theoretically and for sure contains many problems in it in that state...
Something like a community driven audit service!
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You can add Darkstar, Mexicantarget and Edwardard in your list along with yahoo. They are some of the most trusted persons in this network.
Thx! |
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Adding: - Make a clear statement what will happen to the collected funds if the ico does not succeed. Refund? Keep the funds?
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The best advice that I think might be good for any pre-sale token is to seek the support and collaboration of really active members with higher membership ranks on BitcoinTalk. They've been around for awhile, they know better and have great insights on how the crypto community works than a senior financial director whose rank is newbie. Seeing a pre-sale ANN from a newbie draws a whole of questions and replies that'd likely to be 99% negative. This is what i recently suffered, but I've been taking my time to firstly learn from others in the community, contribute to the community and try befriend a few community players with higher ranks before thinking about announcing a creepy ICO.
^^^that's the way to go!!!here is a list on what you should watch out before starting a ico ( made by community members) https://bitcointalk.org/index.php?topic=2131560.0Thank you very much for sharing a link, can't wait to read it!)) Hope everything goes well for you!! Team that I'm working with already made (Ann) here on bitcoin talk. Awesome technology and contracts. ^^^link ANN ? |
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I will add:
If you need pre-ico investment offer at least 1 investment security method like escrow + muli-sign
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Make sure your project is unique not just a copy paste project, and one of the concentrations of investors is an exchange that will list your coin, it will be very interesting for investors if you can show documents or some evidence that your coin will be listed on major exchange immediately after the ICO finish.
Well having a bad experiences from unsuccessful ico projects was a very disgusting moments of altcoins campaigns hence that copy pasted idea leads people to participate and being scammed. It's better to be more vigilant on the platform of the currency ico and the coin has a successful coin exchanger registration, so you can be assured that you belong to the success of the project. It's not necessarily to the major coin exchanger but important is the exchanger is legit in order for us to have good tradings. Thx! added to the list |
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I would mention a couple of terrible projects, not just ICO. Skyway ICO is one. Well, they are mentioning a very large ICO turnout which is believed to be just another made-up figure. I think Skyway is a scam right from the get-go though. Monkey Capital is another. They are already listed on icobazaar.com and others. But for some reasons which involves unexplained internal problem, the ICO didn't push through. But the pre-ICO happened. Investors lost their money.
There is really a need for a thorough review of the project you will invest into. No less than that is needed.
Thx for the info! |
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Determine the total supply of coins (initial / final) and then stick to it. Don't change the supply in future.
Also, if there is going to be any 'pre-mine' or any funds reserved by the development team / company, be transparent about it and don't lie.
Thx! added to the list |
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Hello! We are currently looking for models to secure investments done by early stage investors for our 2 projects: https://bitcointalk.org/index.php?topic=2129844.0We consider the ETH contract for token sales to distribute shares and/or escrow + muliti sign to go with. Are there any other reliable (as much it can be) methods? |
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Will add: - Inform yourself about legal situation (i.e. US citizens regulation)
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The best advice that I think might be good for any pre-sale token is to seek the support and collaboration of really active members with higher membership ranks on BitcoinTalk. They've been around for awhile, they know better and have great insights on how the crypto community works than a senior financial director whose rank is newbie. Seeing a pre-sale ANN from a newbie draws a whole of questions and replies that'd likely to be 99% negative. This is what i recently suffered, but I've been taking my time to firstly learn from others in the community, contribute to the community and try befriend a few community players with higher ranks before thinking about announcing a creepy ICO.
^^^that's the way to go!!!here is a list on what you should watch out before starting a ico ( made by community members) https://bitcointalk.org/index.php?topic=2131560.0 |
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