ICOs are unregulated, and backers have limited options to mitigate their risks.
Issuers create a website and publish a white paper for a project that is often just a
concept. Token buyers have negligible ability to perform due diligence on an ICO,
which often has no underlying product to assess. They have no say in the
governance of a project’s execution after the ICO. They must accept not only the
risks associated with the viability of the project, but also the risks associated with
the integrity and competence of the issuers in delivering the project.
As the ICO market grows, forms of self-regulation are increasingly discussed.
Existing options remain at the discretion and control of issuers and are rarely
utilized. ICO precedents are emerging that reveal the lack of protections for
backers and lack of fiduciary duty for issuers, and the dangers of such misaligned
interests. Bad ICOs can shake confidence and reduce demand for issuances.
Really bad ICOs may prompt state regulators to restrict issuances altogether. This
would be detrimental to innovation and to the blockchain community as a whole.
This year many reports that most of the ICO that is announce on the bitcointalk forum are mostly scam which the result of the people cant trust ICO anymore because they will invest and when the time pass by if the ICO finished or just in the midway of ICO the team will just disappear just like a bubble popping into the air. ICO scam can get so much money from innocent people that is investing to their project which is just a waste of time investing of it. And right now, this project will make people trust ICO again.
Incremint is a ICO project which their target is to eliminate all ICO scams which many of them right now are popping anywhere in the internet. This will help to ensure that we can trust ICO once again and good bye scams. RISE ICO without ICO cryptocurrencies can evolve and just stay below the ground its such a waste if we dont upgrade our network just like in ARCBLOCK ICO which there's a lot of possibility that it turns to be the first 3.0 blockchain and which the ICO was successful. An escrow solution is needed. Existing multiple signature escrow mechanisms rely on the discretion and performance of a person, the impartiality of whom is not always certain, rather than the automated and decentralized collective will of token buyers. This is a serious weakness. Traditional escrow mechanisms are problematic as well in the context of ICOs due to the limited capabilities and unwillingness of banks to deal with cryptocurrencies.
Security, assurance and insurance are what we feel at incremint RISE ICO RISE ICO