Last Update
Jul 2, 2018
If an ICO implements the CGS, the raised funds will be held in an escrow smart contract and released gradually to the ICO project.
But, if at a certain point an ICO investor is not happy with the progress, he/she can submit a claim to the CGS by depositing ICO tokens. If this claim receives enough support from other token holders, it gets opened and handled by a decentralized judge: the community of CGS Arbiters.
They will be asked whether they think the ICO project is doing a proper use of the funds or not. If the majority believes the claim is rightful, the smart contract goes into a temporary withdraw mode and all unhappy ICO token holders can send back their tokens and recover the remaining funds left in the escrow smart contract.
The CGS Arbiters vote through a secret vote and reveal process and are incentivized to vote correctly since they can win more CGS tokens by voting correctly (majority outcome) or can lose tokens by voting incorrectly (the minority outcome).
More information on https://cgs.vote. You can try our MVP by following this link: https://cgs.vote.
- Open source protocol
- Decentralized community in charge of resolving disputes, who are incentivized with CGS tokens to vote correctly.
- Open Source
- Protocol
- Ethereum based
- ERC-20 token
MVP has been launched
Testing Phase - Rewards for feedback
Pre ICO: 31/05/2018 - 30/06/2018
ICO: 01/07/2018 - 31/07/2018
Q3 2018: Publication CGS on the Ethereum Mainnet
Q3 2018: First real ICOs will be published on CGS
Q4: V 0.5 Limited Version
Q4 2018/Q1 2019: V 1.0 Open Version
Verified 67%
Attention. There is a risk that unverified members are not actually members of the team
Project strong sides: interesting idea, existing testnet, strong team.
Project weak sides: lack of business plan and marketing details.
So our position is weak positive.
This offer is based solely on information provided by the offeror and other publicly available sources.
The token sale or exchange event is completely independent of ICOholder. ICOholder is not involved in any way, including technical support or promotion.
We list token sales from entities with which we have no relationship to help users track overall activity within the token sector. This information is not intended as advice, and you should seek professional or specialist guidance or conduct your own due diligence before making any decisions based on our content.
Any terms and conditions regarding token acquisition are solely between contributors and the token issuer. ICOholder is not the seller of these tokens.
ICOholder is not legally responsible for any representations made by third parties about any token sale. Any claims for breach of contract must be directed against the listed token issuing entity.
If you have concerns about the nature, legality, or propriety of a token sale or the involved individuals, please contact info@icoholder.com with detailed information.