Russia works out international ICO’s standard

The document can help investors not to throw money out the window
27 November 2017   1390

Russia is developing a new standard for assessing confidence of companies, which use ICO. The idea of the document belongs to Russian Association of Blockchain and Cryptocurrency, its director Arseniy Scheltsin believes that such a standard will help investors to avoid unfair ICOs. He also noticed, that ICO’s market is full of swindlers, which manipulate with ratings thus an investor cannot decide exactly, whether to cooperate with the company or not.

The standard will help to appraise companies and their ICOs according to rating points. It is expected that in the future the document will be valid not only for Russia but for other countries too. For that purpose the Association enters into a contract with 30 companies from over the world. The content of the standard will be coordinated with the international community.

Representatives of the Association noticed that this branch is not controlled yet by government and laws. The paper will be a real breakthrough in the issue of ICO’s superintendency.


Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   403

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.