Bisq will not do the ICO

Decentralized exchange announced the rejection of the ICO conception
05 July 2017   2617
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

Creators of the decentralized exchange Bisq announced that they will not provide the ICO, which was extremely popular in the crypto-currency community. Instead, the exchange published a whitepaper of the upcoming decentralized autonomous organization (DAO).

Very contrary to the infamous ICO models where people ask for a lot of money for whitepaper-ware we have a working platform developed by altruistic contributions and donations which is out since more than a year and we will distribute the ownership and management to those who have contributed to the project - those who helped to make a decentralized exchange reality!
 

Manfred Karrer 
Bisq Founder

Also, Manfred made this tough statement:

We are NOT doing an ICO and not selling tokens! 
 

Manfred Karrer 
Bisq Founder

BSQ tokens will be spread among 200-400 people, which supported the project earlier. When DAO will launch, these tokens will be sold at Bisq.

Additional information will be provided in the nearest future. But even now team says that DAO will have several stages. 

First stage is almost ready to start, but it needs additional tests. Second is planned to be held approx. in October 2017. It will also consist of voting and periodically token emission.

Creators are opened for all feedbacks and suggestions and ready to answer people's questions.

Bisq was known as Bitsquare and it was launched in beta mode in April 2016.

What is Bitsquare? 

Users Suspected RusGas of Scam

Reddit users have already accused RusGas of exit scam, since its behavior is much like  recent scam project Oyster Protocol
07 December 2018   97

The RusGas cryptocurrency project (RGS) demonstrates disturbing signs and releases new tokens in excess of the pre-set emission limit, Cryptovest reports. With an aggregate capitalization of $ 117, RGS trading volume for the last few days is $ 35,000. Events unfold against the backdrop of promises made by the project organizers about the upcoming restart.

Most of the RGS trade is focused on the Crex24 exchange, which has a daily  of $ 700,000. RusGas had a daily volume of several million dollars in its best days, which already then caused questions about the authenticity of this value.

According to CoinMarketCap, RGS emissions are limited to 10 billion tokens, but Etherscan indicates that currently 298 addresses contain 860 billion RGS. The rapid growth of emissions was recorded in recent days and hours. The largest wallet contains 99% of all tokens, which is probably the crex24 wallet. The developers themselves explain these movements to the next restart.

Reddit users have already accused RusGas of exit scam, since its behavior is much like  recent scam project Oyster Protocol(PRL), when the additional issue feature was used in a smart contract.

The likelihood of such an outcome is a characteristic feature of projects based on the Ethereum protocol, which allows additional emission of tokens through a smart contract at the discretion of its owner, not to mention other vulnerabilities that cost investors a lot of money.

RusGas is based on the idea of ​​using tokens and blockchains to optimize the Russian gas industry. Despite the dubiousness of the project’s mission, the data on the network indicates that in April of this year he managed to raise $ 2.2 million for ICO.