Who are the Escrow to ICO?

The last time we spoke on the subject of ICO, what is it and is it possible to earn some money to the common man. To read the article via the link, and we stopped on the selection criteria ICO, protective mechanisms and the so-called Escrow (Escrow).

To start again, let's remember what the ICO mechanism to attract investment. If you do not go into the details, the ICO in this respect much in common with respected banks and investment funds, and financial pyramids. Thus the question arises about trust. In the end, ICO is only a method of obtaining money and in return members receive cryptocurrency. After receiving it, all hope that it will rise in price. It affects primarily the administration of the project, and people are different. Some collecting money, calm down, others begin to act in accordance with the roadmap. But about all under the order.

Escrow / Escrow is a neutral person, a third party, and generally known and respected person, which is the custodian of funds and guarantor of transparent conducting ICO. For example, the ABC project conducts ICO and thousands of people invest their bitcoins and esters in it. If the project has Escrow, then by all means get to it, but not in the project itself. I.e. it's like the Bank-guarantor. Further, the ICO is over and joins the ABC project begins to implement the planned actions, which were spelled out in the Roadmap. At each stage of prescribed: required amount to complete this stage, and under this fixed plan Escrow issues to the project. This is the key to success is that the money is "ordinary factory workers" will not be spent on vineyards in Italy and private planes.

Imagine that there is no Escrow and all the money goes directly to the account of the administration of the project. In this case, nothing prevented them from collecting all the funds and cover early ICO fled. Or collecting money, lazy yawn, feed the depositors Breakfast. In fact, no difference. If before, a kind of year in 2016, could do without Escrow, with the development of crypto-community and public consciousness, in such obvious allusions to Scam does not go unnoticed.

In fact you can provide any documents and nice to talk: about their plans, but if the goal is to deceive people, it will happen. That is why, choosing ICO for your investment, look at his criteria, and not just guided by emotions and immature gut. The availability of Escrow is one of the fundamental criteria, because if the project does not collect the minimum amount, Escrow will return the funds to all investors. These are the rules.

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