Vitalik Buterin spoke on the topic of safety and effectiveness of ICO

Coder from London created rules for ICO and creator of Ethereum shared his thought about it
29 June 2017   2302

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


 An open-source blockchain-based distributed computing platform featuring smart contract functionality, which facilitates online contractual agreements 

Blockchain community tries to improve the ICO process to avoid technical and other issues happening, like recent Bancor ICO.

Matthew Di Ferrante, coder from London, created few rules for safe and convenient ICO process.

  1. The money raised be released all at once to the development team.
  2. Give investors the ability to set personal caps on valuation.
  3. Change of ICO during and the week before is absolutelly forbitten.
  4. Token resale by the investors is forbitten for 3 months after the ICO.

Matthew asked community's opinion on these rules and Vitalik Buterin, creator of Ethereum, replied to him.

Buterin liked the idea but also added:

  1. Token resale ban isn't good because it can lead to the "wrapped contracts";
  2. Market-driven killswitch is better than democraty-actived killswitch. To prevent malicious "draining" of the developers funds, he proposes the mechanism where tokens bought back for X$ were resold for the same price. 

Do you agree with these rules?

Yes, with all of them
0% (0 votes)
Yes, but only with some of them
0% (0 votes)
No, totally disagree
0% (0 votes)
Total votes: 0

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   334

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.