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I am following the development of the lightning network, but its main vulnerabilities have not yet been resolved.
Is the Lightning network safe to use?
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That's exactly what I want to avoid, too. See, before the ICO, the development team will define a roadmap and the amount collected at ICO is sent to the team's wallet little by little. If the developers are not complying with the promised roadmap, investors will be able to exchange their tokens for the remaining funds at ICO. Example: - August 2020 - The team defined the Roadmap: The project is defined in phases. There will be 5 phases with 3 months duration each
- September 2020 - ICO raised 1,000,000 DAIs
- October 2020 - The SICO contract keeps 800,000 DAIs on hold and releases 200,000 DAIs to the team's wallet
- January 2021 - Investor voting is done at Dapp: The team delivered everything they promised to deliver in phase 1.
- 200,000 DAIs are sent to the team.
- The SICO contract has now 600,000 DAIs.
- April 2021 - Investor voting is done at Dapp: The team delivered everything they promised to deliver in phase 2.
- 200,000 DAIs are sent to the team.
- The SICO contract has now 400,000 DAIs.
- July 2021 - Investor voting is done at Dapp: The team did not deliver everything they promised to deliver in phase 3.
- Investors are not happy with the performance of the team and the currency. They vote to cancel the project.
- The contract has 400,000 DAIs left.
- These 400,000 DAIs are exchanged for tokens issued to investors.
- The team does not receive anything from now. Investors receive 40% of the amount invested back.
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The contract is now available on the Ethereum network.  |
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Thank you. I created by mistake @OP why two topic with same details? Another one is : New way to do an ICO safely (DeFi Project). Maybe have mistakenly created this one or mod have move it to in this board. You should lock one of them. In left bottom you will find the Lock button. |
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Exactly! Now I have to think of a way to show this to the world. This can help to remove these thieves from the system. Does anyone know how I can do this? I find the idea very interesting, as it immediately filters out the scams projects because they will not have a chance to cheat the investors. Such a service will only be used by serious projects, and that is actually the ultimate goal
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ICOs allow for an open and fair distribution, however many scams are made. They are no longer an option for serious projects. IEOs are safer options, as the money is gradually released to the team, this reduces the risk of scam. However, there is a dark side to this modality that few see. To launch an IEO, it is necessary to have contacts within the exchange, pay an amount for the exchange to advertise your project and the sale of the coins is first made to a select group of investors and then to the general public. There are other options, but none really good. Safe Initial Coin Offering is a smart contract standard that interacts with a Dapp. It brings together the best of both worlds, ICOs and IEOs. It is a safe way for people to invest in serious projects. It reduces the risk of investors falling for scams, protects the amount collected from the currency variation, protects against hackers and increases the project's credibility. Please, see our page and give us feedback. https://secure-ico.com/ |
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ICOs allow for an open and fair distribution, however many scams are made. They are no longer an option for serious projects. IEOs are safer options, as the money is gradually released to the team, this reduces the risk of scam. However, there is a dark side to this modality that few see. To launch an IEO, it is necessary to have contacts within the exchange, pay an amount for the exchange to advertise your project and the sale of the coins is first made to a select group of investors and then to the general public. There are other options, but none really good. Safe Initial Coin Offering is a smart contract standard that interacts with a Dapp. It brings together the best of both worlds, ICOs and IEOs. It is a safe way for people to invest in serious projects. It reduces the risk of investors falling for scams, protects the amount collected from the currency variation, protects against hackers and increases the project's credibility. Please, see our page and give us feedback. https://secure-ico.com/ |
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ICOs allow for an open and fair distribution, however many scams are made. They are no longer an option for serious projects. IEOs are safer options, as the money is gradually released to the team, this reduces the risk of scam. However, there is a dark side to this modality that few see. To launch an IEO, it is necessary to have contacts within the exchange, pay an amount for the exchange to advertise your project and the sale of the coins is first made to a select group of investors and then to the general public. There are other options, but none really good. Secure Initial Coin Offering is a smart contract standard that interacts with a Dapp. It brings together the best of both worlds, ICOs and IEOs. It is a safe way for people to invest in serious projects. It reduces the risk of investors falling for scams, protects the amount collected from the currency variation, protects against hackers and increases the project's credibility. Please, see our page and give us feedback. https://secure-ico.com/ |
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