Coin Governance System
Last Update
Jul 2, 2018
About Coin Governance System
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.
Features
- Open source protocol
- Decentralized community in charge of resolving disputes, who are incentivized with CGS tokens to vote correctly.
Technical Info
- Open Source
- Protocol
- Ethereum based
- ERC-20 token
Coin Governance System Roadmap
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MVP has been launched
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The CGS testnet is working currently on the Kovan Testnet of Ethereum. You can try it yourself by visiting https://testnet.cgs.vote.
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Testing Phase - Rewards for feedback
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At the moment, we're in the testing phase. Users will receive testnet tokens to try the product and give feedback. Testers and users that help improve the platform will be incentivized with mainnet CGS tokens.
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Pre ICO: 31/05/2018 - 30/06/2018
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Pre ICO: a private token sale will take place prior the public one for a limited amount of participants. Ends 30/06/2018.
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ICO: 01/07/2018 - 31/07/2018
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Our Public Sale will start 01/07/2018 and ends 31/07/2018.
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Q3 2018: Publication CGS on the Ethereum Mainnet
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Beta Release: this milestone marks the publication of the first working version of the CGS platform on the Ethereum Mainnet.
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Q3 2018: First real ICOs will be published on CGS
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Investors will enjoy the protection of the CGS for the first time in live ICO
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Q4: V 0.5 Limited Version
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More projects will be included in the CGS. The projects will be manually added after a prior review to avoid spam and
monitor the proper functioning of the platform. -
Q4 2018/Q1 2019: V 1.0 Open Version
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The CGS platform will be open for any ICO. The governance of the system will be delegated to the CGS community, that will decide through votings the certain parameters of the platform, such as number of tokens needed to create a project, etc.
Activity
Coin Governance System Team
Verified 67%
Attention. There is a risk that unverified members are not actually members of the team
Coin Governance System Interviews
I believe ICOs have proven their potential as a fundraising mechanism but that there is an increasing need for Governance to make them safer and more attractive for investors.
Coin Governance System Reviews
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.
- Because there may be time differences in information updates, accurate information about each ICO project should be verified through its official website or other communication channels.
- This information is not a suggestion or advice on investing in ICO funding. Please thoroughly investigate the relevant information yourself and decide on ICO participation.
- If you think there are issues or problems to be corrected on this content, or if you would like to submit your own ICO project to be listed, Please email us.