Ethic Token Crowdsale + Safe Online Investment + Blockchain = IPSO
IPSO: Initial Project Stake Offering
Currently, more and more new negative articles on the ICO (Initial Coin Offerering) appear and even accusations of fraud. This is due to the fact that many new ICO projects abuse their capabilities quickly and without bureaucratic barriers to attract Crowdfunding to the Internet for the realisation of their projects. After raising funds, the organizers of the ICO do not fully fulfil their promises or do not perform at all, using ICO only for quick personal enrichment.
This undermines the confidence of real investors in the ICO, which deprives prospective developers of technologies and systems of rapid fundraising capabilities.
On the other hand, this draws the attention of state regulators, which may lead the ICO idea to the same bureaucracy, which means making it meaningless.
The author, creator and founder of the service LabourTime.com.au Almaz aka D!@mo in search for optimization and protection of investor’s interests, users and founders of the service has developed a concept called IPSO : Initial Project Stake Offering
https://en.wikipedia.org/wiki/Draft:Initial_Project_Stake_Offering_(IPSO).
IPSO improves the ICO concept by giving it more guarantees, risk management and ethical risks, while retaining the benefits of attracting investments through Token Crowdsale, implementing the "Trust in return for responsibility".
The IPSO Manifesto includes the following basic requirements:0. A valid version must be created at the time of the IPSO announcement. It gives reality and confidence to investors.
1. Key developers should be the main cofounders of the project with the preservation of the exclusive copyright on the parts of the code written by them. This motivates the developers after the IPSO, and investors are assured that the system will be quickly improved and will have prompt technical support.
2. Tokens are not cryptocurrencies, and not currencies at all. This is the right to shares in the project, stored in the blockchain. Accordingly, it gives some rights to the holders of the tokens, for example dividends or some special access or privileges in the system. And storing tokens in the blockchain gives all the advantages of decentralization, security of storage and the transfer / sale of shares regardless of local regulations.
3. Jobs for which the crowdfunding is engaged should be divided into short chronological stages with the necessary financial resources for that particular work. And the funds from investors can come in separate shares for these stages consistently. This allows investors to monitor the execution of work step by step reducing the risk of loss.
4. Decentralized token crowdsale. This means that all project cofounders
should participate in the sale of the tokens including the initial investors, and also those who entered the project through private, venture, online investments, token pre-sale, etc. That is, they must all go to token crowdsale with their tokens proportional to their shares in the project, and make an independent decision to sell or save their tokens during the process of Token crowdsale. This ensures the reliability of the project because tokens will not be concentrated to a single person.
5. The blockchain platform for the generation and storage of tokens should be selected by the majority of the project shareholders.
6. Token buyers and online investors take responsibility for the observance of the laws of their country with participation in online investing and token crowdsale. Moreover, they guarantee that the invested funds belong to them personally.
7. The registration data of the project domains should be open to Whois services and owned by the founder or co-founder or company.
8. Investors should receive evidence of conducting transactions at the process of investment.
9. Providing project stakeholders with a transparent and detailed progress report at each stage.
Most likely, the Manifesto of Online Crowdfunding concept IPSO will cause criticism from those who rely on irresponsible use of ICO and Token sale and from those who can be expected fraud. However, investors who will require ICO and Token sale IPSO compliance campaigns will be at much lower risk.
The first application of IPSO in a real project
The service team LabourTime.com.au announced a campaign to attract financial support for the globalization of the service, including support for many languages, different state currencies, an international domain, technical improvement and global promotion. The website of the financing program:
http://labourtime.com.au/funding.
In the funding campaign, it was decided to use the IPSO concept: Initial Project Stake Offering, as one of the options for Crowdfunding.
The first version of the system was created.
Coding of the system was started in September 2015 after the completion of the system architecture. In April 2016 testing of version 0 was started to test the architecture and selected technologies on different platforms.
In July 2016 LabourTime.com.au was registered and further was the improvement of the system as version 1. *, mobile versions of the system are downloaded in the Apple Store and Google Play.
In January 2017, the first version of the system was completed.
The sale of LTCR1 is Token Pre-Sale. They can be purchased online with a bank card, which provides the buyer with proof. Moreover, LTCR1 can be purchased for Bitcoin, which provides proof of the transaction in the blockchain
http://labourtime.com.au/funding/#inv_buyltcr1.
LTCR1 can be exchanged for tokens before the start of token crowdsale in proportion to the released tokens:
http://labourtime.com.au/funding/#inv_tokensale, which corresponds to paragraph 4 of the IPSO Manifesto. All owners of tokens have the opportunity to sell any part of their Tokens. We consider blockchain as a distributed, independent and safe storage for stakes/equities of the project as Tokens.
The work process in Round 1 is divided into Stages, and the Stages are divided into small Activities
http://labourtime.com.au/funding/#inv_r1s1a1, which ensures the implementation of paragraph 3 of the IPSO Manifesto.
We do not recommend investing in the next stage until the current one, which has collected a sufficient amount of funding, is implemented.
We provide IPSO progress statistics and a real-time logbook
http://labourtime.com.au/funding/#stats.
We offer investors and Project Stake (equity, company share, LTCR1, Token) Holders more than required by the Manifesto of the IPSO concept:
1. Our service is paid and designed for users who provide real services in real life.
2. Service revenues are paid to Project Stake Holders in the form of dividends in Investor's Sub-platform
http://labourtime.com.au/funding/#inv_finplan.
3. We do not build illusions and calculations are conducted on pessimistic but positive forecasts.
We build the Internet of Labour.
FAQ:
http://labourtime.com.au/funding/#faq Leadership team and advisors, references:
http://labourtime.com.au/funding/#teamContact us:
http://labourtime.com.au/funding/#contact 
