The new ICO 2.0 concept will prevent scams!

[Bounty_Hunter]

I believe that the new concept of ico 2.0 will make the investment process more convenient and most likely we will have an boom of ico (as last year)

[AlistairJ]

The idea is excellent, the most important thing is to do so to run a fraudulent or ICO with a weak team was not profitable. In this case, investor confidence in this type of investment will increase, more money will come to the crypt.

[Mister.Satan]

What do you think of the new ICO 2.0 concept suggested by Vitalik?
https://coincodex.com/article/1329/vitalik-buterin-suggest-improvements-to-ico-model/

ICO funds will be frozen and released at intervals, the users will vote if the funds should be released based on performance.

The first ICO to implement this will be The Abyss.

Vitalik, our god and saviour with his new idea to help ETH holder not losing their asset over ICO scam.
This shows how ETH is the leading in term of smart contract coin out of the market.

[gon]

This is a good idea. Now, companies will be force to fulfill their end of the deal. I hope this new ICO will also lessen scam ICO's.

I don't like it because about voting, this will require a constant project following from ALL participants. Which is close to impossible. I prefer to invest and check the project in few months how's doing. Not to waste my time on every step.

If you are an investor, I think it pays that you regularly check the progress of the project. That will ensure that you will not lose your money or it is well spent.

I have current investments in over 50 ICO's, chosen by the same criteria.

Yes, some of them will fail, but most will return more than enough to cover the fallen one /or even the scams/. I prefer to invest and collect /check the results/ in few months, while in mean time I'm making another investments and so on.

With my average 0.8ETH investment per ICO, checking it or not, I'm not making any difference. I prefer to use my time on other stuff than constantly checking 50+ projects and voting on daily basis. 2017 proved me that this is working more than fine with XXXX% ROI.

[Bttzed03]

The idea is good. This will give more security to investors. The developers will need to make sure they have to deliver their promise. I just hope other projects who will do ICO's will follow this concept too.

[smyslov]

What do you think of the new ICO 2.0 concept suggested by Vitalik?
https://coincodex.com/article/1329/vitalik-buterin-suggest-improvements-to-ico-model/

ICO funds will be frozen and released at intervals, the users will vote if the funds should be released based on performance.

The first ICO to implement this will be The Abyss.

First time I read of this, this is very good for the trustworthiness of a project, we will now look how it's advantages and disadvantages by looking and following how the Abyss run this kind of features, and if it proves successful many will follow this kind of feature.

[Tony116]

Of course I like the idea of DAICO, but the project doesn't look great IMO. Game platform with referral system based on blockchain? Are you serious? I can't believe they would be succeed.

[Snaic]

This autumn is a good idea. ICO 2.0 seems to be able to solve problems with fraud in this area of ​​investment. Freezing the funds collected as a result of the ICO and partially thawing them in stages to implement the project idea is very good control, which can rule out massive frauds among ICO campaigns.

[Iyeman]

Finally, something that could really help prevent any form of scam ICO but however, there's still a little risk behind it. What if the devs trying to be as legit as they can until the funds released and then turning out to be a scammer? Guess it'll be really difficult but there's still a chance, atleast minimalizing the risk.
I also read that the funds could be reversible that means more safer way to invest into a project. But too vulnerable against fudster.

[BogdanGFTP]

It's good news but I think there will be some legal limitations this year

[JohnMacZeppelin]

Well, why not? I think that Vitalik is a very smart guy who can make great prospects for the ICO world, because investors are already tired of investing in the scum, probably it also worries him.