Exactly what Ethereum network need right now! another platform to churn out ICOs! where is SEC when you need it?
Hi, we are actually looking to improve the ICO process and protect backers. Our platform will implement milestone based payments using smart contracts. For good companies, this is typically not an issue since they are not planning to run with the money once the ICO ends.
At any point of time, if the ICO/project is failing, the remaining money can be refunded to the backers, which will reduce outright fraud. On top of it, our platform will perform rigourous KYC for projects listed on our platforms.
At the end of the day, we believe that ICOs are here to stay, and we want to improve on the existing process so that good companies get funded.