The Honest ICO Manifesto

The current ICO market is booming, and due diligence practices are missing. Investors are rushing on new ICOs which often put artificial pressure on investors to buy fast, allow funders to retrieve their tokens too early in the project, don’t have a clear revenue model. We propose the creation of a distributed ICO rating agency that, thanks to Ethereum smart contract decentralization governance abilities, does not suffer from the traditional rating agency conflict of interest: it will not be paid directly by the issuer for the ratings, and therefore will have no incentive to artificially improve the rating score of new tokens. View the Manifesto