ICO market these days are increasing drastically. Most ICO are unregulated and risky, when you invest to ICO you must considered your investment gone because you will never know if your investment is in the good hands. The main reasons why investors get wrecked to ICO is because of SCAMS.
ICO must be legit, so what do I mean by this? The team must be strong and trustworthy because you will mostly read a whitepaper with a concept and you will never know if they can execute.
So it's like a safeguard for investors which it will act an escrow to collect the funds from the investors then the escrow is going to test or investigate if the developers or projects are legit. An escrow platform to ICO is not new today. There are a lot of decent platforms out there but there's an escrow that caught my attention.
All of the escrow platform I've seen, Incremint shines the most for me and I'll tell you why.
Compare to other escrow platform, Incremint is flexible and has more features than most escrow platforms today. An escrow called Descrow is pretty trendy these days.
Descrow is a global secure escrow platform. It provides investors with the opportunity to participate in the life of the project they trusted their money. If the majority of token holders decide that the project does not fulfill its obligations, they can vote to stop further financing and save part of their funds. Project is designed to bring clarity and transparency to the process of ICO-funding, which means it will be in demand at the market.
Source: icobench.com
So this is what escrow platform is like but Incremint is special because it has a lot more things to offer.
- Crypto wallets for holding cryptocurrencies in escrow
- Bank accounts for holding fiat currencies in escrow
- Smart voting infrastructure
- A dedicated account representative
- Flexibility to deal with unexpected circumstances by calling for extraordinary voting
- Currency volatility risk management capabilities
- Real-time status updates of voting and fund disbursement status for both issuers and token holders
Source: https://incremint.io/pdf/Incremint.pdf
It even compete with DAICO that was proposed by Ethereum Architect Vitalik Buterin. DAICO is basically an escrow platform but Incremint is much more enchanced and flexible.
Source: https://incremint.io/
Conclusion
An escrow platform is pretty new today. As far as I know there's no actually working escrow platform product today. No one has ever done it before and its great there are someone started to make this kind of project and I'm sure that there will be flaws, it will be a lessons for everybody and time to improve the flaws of this kind of project. So, basically escrow platforms today are just too plain for me. Incremint has a lot more things to offer.