Join Our Mailing List
Saturday June 03, 2023
Bitcoin (BTC) $27,194.29   Ethereum (ETH) $1,905.35
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Token Offerings/Listings

Descrow ICO begins to provide insurance for crypto investors

Published by CryptoNinjas.net
11/24/2017
Descrow ICO begins to provide insurance for crypto investors

Smart contracts will help investors ensure risks of losses from investing in failed or fraudulent ICOs

According to Luxembourg venture company Mangrove Capital Partners, the average profitability of ICO-project is 1320% annually. It is no wonder that the market is full of ICO projects, which if not scam, they are failing to deliver on their goals and deadlines.

Consulting company Deloitte in their research analyzed the Github code posts and found out that only 8% of the listed projects update their code at least once every half a year. Almost similar results were obtained during the Token Report research, in which 226 ICOs starting from the beginning of 2017 were analyzed. Only 1 of 10 projects was able to develop a product and use their tokens internally. The rest, 90% of the tokens, are just listed on the exchange and are used for speculation.

Decentralized platform Descrow has developed a solution that minimizes investor and ICO participants risks and insures against the full loss of investments put in the failed project.

Descrow offers the platform for ICO launch, where smart contracts are moderating interactions between investors and ICO projects. Participants, who would like to invest in one of the projects listed on Descrow platform, decide on the number of tokens they would like to buy and pay for it.

But the funds are not directly transferred to be in the full control of the startup project team, contrary to the current market practice. ICO team will only receive the part of funds necessary to start development, while the rest of funds will wait in the frozen state. If the investor for any reasons would like to stop financing the project, the frozen funds will be returned.

The investor has not only the opportunity to return frozen funds, but also receive a full compensation of the initial transfer. In this case, the standard compensation amount is 30% of the payment.

Investors can also receive the full amount guaranteed compensation of the initial payment. For that, the option of indemnification is available for purchase. This contract puts an obligation to pay the 100% compensation on Descrow platform. The premium for such an insurance against losses from participation in failed projects will be calculated individually with a minimum premium of 5% of the payment.

The compensation will be transferred from the Descrow reserve fund, which is fueled from several sources, including the commission from ICO projects listed on the platform and raised during ICO Descrow funds.

49
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX, an Asia-based institutional-grade staking services provider, announced today the broadening of its staking product suite with the addition of a new ether (ETH) native staking solution. This latest offering strengthens RockX's position as a...

Read more

The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets

05/10/2023
The Sandbox teams with Hex Trust to enable licensed and secure custody of its virtual assets

Hex Trust, a regulated institutional-grade crypto-asset custodian, today announced it has partnered with The Sandbox, a leading decentralized gaming virtual world to enable fully-licensed and highly-secure custody of assets such as LAND in The Sandbox’s metaverse....

Read more

CoinFlip launches new self-custodial cryptocurrency wallet platform ‘Olliv’

04/28/2023
CoinFlip launches new self-custodial cryptocurrency wallet platform 'Olliv'

CoinFlip, a bitcoin ATM and crypto services company, announced today a new offering with the launch of 'Olliv,' a self-custody-powered crypto platform. The Olliv platform provides a frictionless way to buy, sell, send, receive,...

Read more

Crypto derivatives exchange Deribit to launch zero-fee spot trading

04/20/2023
Crypto exchange Deribit to launch zero-fee spot trading

Deribit, a popular cryptocurrency derivatives platform, has announced the launch of zero-fee spot trading, allowing clients to buy and sell crypto while simultaneously managing risk using other derivatives. Spot trading will start on April,...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
Where Exactly Can You Spend Monero Cryptocurrency?

Where Exactly Can You Spend Monero Cryptocurrency?

10/20/2021
Token.io launches new spin-out company focused on digital money solutions

Token.io launches new spin-out company focused on digital money solutions

12/10/2019
Quant Network blockchain integrates Constellation for IoT interoperability

Quant Network blockchain integrates Constellation for IoT interoperability

12/03/2019
RockX broadens suite with launch of new ether (ETH) native staking solution

RockX broadens suite with launch of new ether (ETH) native staking solution

05/23/2023
The Sandbox teams with Hex Trust to enable licensed and secure custody of its virtual assets

The Sandbox teams with Hex Trust for licensed, secure custody of its virtual assets

05/10/2023
CoinFlip launches new self-custodial cryptocurrency wallet platform 'Olliv'

CoinFlip launches new self-custodial cryptocurrency wallet platform ‘Olliv’

04/28/2023
Crypto exchange Deribit to launch zero-fee spot trading

Crypto derivatives exchange Deribit to launch zero-fee spot trading

04/20/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2023 CryptoNinjas Disclosures | Privacy Policy