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Author Topic: [ANN] [ICO] 🐉 Coin Governance System - On-Chain Insurance for ICO Investors 🔥  (Read 970 times)
CityLife Corp.
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August 22, 2018, 02:09:51 PM
 #61

so how does it protect ICO investors from scams and bad practices ?
for example from what and how it protects ?
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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ilenia
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August 23, 2018, 08:27:04 AM
 #62

Seems like a great and trustworthy project. The roadmap is very clear and shows where this project is heading to. Good luck to the team behind it!


Thanks for your support! Have you tried our testnet? we'd like to hear your feedback.
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August 23, 2018, 08:32:34 AM
 #63

so how does it protect ICO investors from scams and bad practices ?
for example from what and how it protects ?


Hi! Thanks for your questions.

The CGS holds the funds raised during an ICO in an escrow smart contract and releases it gradually to the ICO launcher.

If ICO investors aren’t satisfied by the project’s progress, they can submit a claim to the Coin Governance System which could lead to the withdrawal of the remaining funds if the CGS arbiter community believes the claim is rightful.

For a deeper description of the process, please also have a read here
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August 23, 2018, 10:19:17 AM
 #64

a good project I found myself reading their site roadmap a very strong team with great ambition will follow your news and progress
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August 23, 2018, 12:08:01 PM
 #65

a good project I found myself reading their site roadmap a very strong team with great ambition will follow your news and progress


Thanks a lot for supporting our project! Please, try our testnet and let us have your feedback!
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September 12, 2018, 04:35:55 AM
 #66

I found that the project opened up a financial system very professional. I believe the project will attract investors
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September 12, 2018, 05:09:04 AM
 #67

So this Coin Governance System will act like an Escrow that could protect any investors of an ICO to get avoided from being scammed by project?


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ilenia
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September 12, 2018, 08:44:04 AM
 #68

So this Coin Governance System will act like an Escrow that could protect any investors of an ICO to get avoided from being scammed by project?


Hi

The CGS holds the funds raised during an ICO in an escrow smart contract and releases it gradually to the ICO launcher.

If ICO investors aren’t satisfied by the project’s progress, they can submit a claim to the Coin Governance System which could lead to the withdrawal of the remaining funds if the CGS arbiter community believes the claim is rightful.

For a deeper description of the process, please also have a read here
ilenia
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September 12, 2018, 08:46:01 AM
 #69

I found that the project opened up a financial system very professional. I believe the project will attract investors

Thanks for your support!
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