As more and more scrutiny comes to bear on the ICO method of investment raising, its important that there are process and standards in place to assess, measure and confirm the quality of an ICO for investors
A case in point recently concerned the company Centra Tech whose founders have been indicted for wire and securities fraud, charges that could lead to a minimum of five years in jail.
In the ‘early’ days of ICO investment, unfortunately investors were duped into parting with their cash into shoddy ICO projects. Projects, with a little gloss can pass of as credible but turn out to be a sham
It is recognised that potential investors need to perform their own due diligence when it comes to weighing up investment opportunities, but increasingly with the focus of the regulatory bodies of the SEC and here in Australia, ASIC, there is increasing attention to the structure of the ICO, the quality of the team, what stage the product is at and the potential of the product to generate revenues or cost savings
A quality control process over the ICO, provides investors with an extra layer of security over the ICO that it meets high quality standards for investment and that the assurance has been provided with adherence to rigour and professionalism
So its with a great pleasure to announce that Zimrii has been awarded ‘The Sustainable ICO Protocol (SICOP)’ by the Trusted Token Advisory firm, Tokeny.com
The purpose of these SICOP is to analyse companies seeking to launch an ICO sale in order to verify whether or not the project meets the standards of an ethical, fair, and transparent market.
Tokeny has worked with us to undertake a deep dive on our vision, operations, business plans and ICO structure to assess and critique those aforementioned aspects of our company to validate our approach and recommend areas which require further examination and make the appropriate changes
After successfully being awarded the quality assurance standard, it validates the hard work and hours the team has put in so far and provides further 3rd party validation in our work and gives us the confidence that we are on the right track!
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