Does the IPSO manifest can really compete with with ICO legislation? Do you want new ICO projects to adopt these rules? [on hold]

Does the IPSO manifest can really compete with with ICO legislation? Do you want new ICO projects to adopt these rules? [on hold]

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 http://ift.tt/2y8xbaJ.

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:

  1. A valid version must be created at the time of the IPSO announcement. It gives reality and confidence to investors.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. The blockchain platform for the generation and storage of tokens should be selected by the majority of the project shareholders.
  7. 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.
  8. The registration data of the project domains should be open to Whois services and owned by the founder or co-founder or company.
  9. Investors should receive evidence of conducting transactions at the process of investment.
  10. 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.

What is your opinion about IPSO manifest, guys? Thank you!

http://ift.tt/2j281En

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