Place/Date: Estonia - November 29th, 2017 at 10:10 am UTC · 3 min read
Investing in ICO-campaigns is an extremely exciting adventure. Meanwhile, as a result of the insane success of most ICO’s, scammers are crowding the market, and creating scam coins in hundreds. Blockchain is a unique technology that may give birth to many new multi-billion dollar companies. However it can’t insure investors against scam and fraud.
Descrow is the first in the world platform for secure crowdfunding with the inbuilt mechanism of the decentralized escrow gives investors an opportunity to control the expenditure of the invested funds, once the ICO is over. The project’s mission is to make ICO the less risky way of investing and eliminate the excessive distrust of the potential backers to the new startups, giving a boost to the further ICO market growth.
The decision on the further financing of a certain campaign will be made by the investors’ majority vote in the frame of step-by-step financing model. This procedure will allow to exclude the scam-projects, which aren’t intended to develop a finished product and bring to light those, that are ready to follow their roadmap and complete their mission.
Descrow will be beneficial for startups too as it will serve as a quality sign of ICO-campaign and allow to collect larger funds, due to greater loyalty and confidence from the side of the investors.
The Descrow project is launching its own ICO campaign on the 29 of November. In the course of the campaign the project aims to raise around 20 mln of dollars for further development of the platform and expanding its services globally. With the help of this money Descrow will also establish an insurance fund for the investments of the first tranche.
After the closure of crowdsale, startups, using Descrow functionality for their campaigns, receive the first tranche of financing and start to implement their roadmap. After the execution of the defined stages of works they provide detailed reports based on their performance. The decision on the further financing of a campaign will be made by the investors’ majority vote, based on the reports.
This procedure will allow eliminating the scam-projects, which aren’t intended to develop a finished product and bring to light those, that are ready to follow their roadmap and complete their mission.
DES token is an essential part of Descrow ecosystem which will serve as a unit of account and means of payment within the platform and provide a number of benefits for its holders, such as 30 % discount for the Descrow services and more.
Descrow project successfully closed its own pre-ICO campaign and now is preparing for the next public stage of fundraising. In the course of ICO campaign that will be launched on 29 of November Descrow is planning to raise about $13 million for further development of the platform and expanding its services globally. With the help of this money, DES will establish an insurance fund for the investments of the first tranche, as the most risky investments.
Descrow will represent a decentralized community of devoted participants, where backers are motivated by an opportunity to invest securely and startups are attracted by the possibility to raise larger funds during ICO, due to greater confidence from the side of the backers, which means the product will be in high demand at the market. Our potential users are both investors and startups from all over the world.