{"id":24658,"date":"2018-10-31T18:21:37","date_gmt":"2018-10-31T17:21:37","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=24658"},"modified":"2018-10-31T18:23:00","modified_gmt":"2018-10-31T17:23:00","slug":"reversible-icos-proposed-at-ethereums-eth-developer-conference-in-prague","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/reversible-icos-proposed-at-ethereums-eth-developer-conference-in-prague\/","title":{"rendered":"Reversible ICOs Proposed at Ethereum’s (ETH) Developer Conference in Prague"},"content":{"rendered":"
The ICO boom of 2017 and 2018 brought with it a mixed bags of fortunes for investors who crowdfunded blockchain projects on the Ethereum (ETH) blockchain. In terms of successful projects, we have seen the likes of Tron (TRX), Binance<\/a>, VeChain Thor (VET), EOS – just to name a few – continue to live up to the promises the teams had given in the whitepapers of the individual projects.<\/p>\n However, we have also seen other projects that have left investors hanging and asking for justice as the teams responsible for the ICO, have either not produced a successful product, or vanished into the thin air with the funds raised. A new study indicates that 80% of all ICOs<\/a> ever initiated have been scams. The most recent one being the founder of the Oyster Protocol taking off with $300,000 worth of funds from the smart contract that handled the ICO crowdfunding.<\/p>\n Smart contracts that manage ICOs have so far been only capable of handling incoming funds from investors. However, the developer best known for spearheading the creation of the ERC-20 token standard – Fabian Vogelstellar<\/a> – has proposed a reversible ICO (RICO) process at the ongoing Ethereum Developer Conference<\/a> in Prague.<\/p>\nBut What If You Could Get Your Funds Back at the First Sign of Trouble?\u00a0<\/strong><\/h4>\n