What is Descrow?
Descrow is the world’s first platform for secure ICO-Investments with an inbuilt mechanism of decentralized escrow, which allows the backers to control the spending of the finances via voting.
Our project’s mission is to make ICO the less risky way of investments and eliminate the excessive distrust of the potential backers to the new startups, giving a boost to the further ICO market growth.
About as
DES – Decentralised Escrow Service (Descrow) is the first in the world and unique by its nature decentralised escrow platform for conducting ICOs.
Our project mission:
To make safer ICO for all participants. To eliminate the excessive distrust of the potential investors to the new startups. Give a boost to the further ICO market growth. To integrate our idea as a versatile instrument into all applicable blockchain segments.
How does it Work?
After the closure of crowdsale, startups using Descrow functionality for their campaigns, receive the first tranche of financing and start to implement their road- map After the execution of the defined stages of works they provide detailed reports based on their performance. The decision on the further financing of a campaign will be made by the investors’ majority vote, based on the reports.
This procedure will allow eliminating the scam-projects, which aren’t intended to develop a finished product and bring to light those, that are ready to follow their roadmap and complete their mission.
DES token is an essential part of Descrow ecosystem which will serve asa unit of account and means of payment within the platform and provide a number of benefits for its holders, Such as 30 % discount for the Descrow services and more.
Descrow project successfully closed its own pre-ICO campaign and now is pre-paring for the next public stage of fundraising. In the course of ICO campaign that will be launched on 22 of November Descrow Is planning to raise about $13 million for further development of the platform and expanding its services globally. With the help of this money DES will establish an Insurance fund for the investments of the first tranche, as the most risky Investments.
Product DescrowPlatform
1. Utility-token DES is used in the Platform services and in investment process
2. ICO-Startup is integrated with the Descrowplatform
3. The Roadmap and KPI parameters of the project are loaded to Descrowplatform:
a. Timing.
b. Plan of work with deadlines.
c. Tranches needed
4. The Statupreporton stage → investors’ voting (> 51% of votes) → next trancheof financing
5. The lack of the Startup's results of work allows investors to claim their funds back.
Descrow Platform description
Descrow enables to check the true intentions of project-makers and to
protect investors from loss of the income in case of force majeure circumstances.
Investors will benefit from Descrow as it allows to verify the startup team’s
intentions and readiness to follow the roadmap. In case team fails to meet the
obligations, investors can stop financing via voting.
In most of the cases it becomes clear at the first stages, whether the team
is competent, how professionally it develops the project and how it is motivated
to finish the project. Descrow ensures the maximum safety and proper
distribution of invested funds. In case of non-compliance with the established
obligations or unreasonable failure of their execution, full return of the reserved
investments will be performed within the Descrow workframe.
With the help of the funds collected during the ICO and commission
fees, DES is going to establish an insurance fund for the assets invested during
the first tranche.The first tranche is more than others exposed to the risk of theft
from the side of unscrupulous teams.Upon the occurrence of insured case,
affected parties will get compensatory payments from this fund. The amount of
the reimbursement will be estimated in proportion to the scam-project tokens
but won’t exceed 70% of the funds lost by the investor.
Descrow Additional Applications
1. The functionality of Descrow can be integrated with other operating
crowdfunding platforms: various ICO platforms, Kickstarter and its analogues.
2. The Descrow platform can be used on a one-time basis— for decision-
making or voting.
3. The Descrow functions can be used on a constant basis for recurrent
voting, (for instance, of shareholders of large corporations).
4. Descrow can be used as the independent platform for fundraising with
investments made in custom tokens DES. It already contains the in-built
functionality of the Decentralized Escrow.
5. The platform allows to establish your own separate blockchain with DES
cryptocurrrency and smart-contracts functionality.
6. The Descrow project plans to add infrastructure allowing to raise
money not only for the companies, but also for the Ideas. The author of the idea
can place a White paper of the project in the general basket, where investors will
vote for the candidates for a new investment round.
ICO.
ICO as a new way of financing business ideas and ongoing projects is gaining more and more popularity. The volume of funds pouring into the blockchain economy has been increasing steadily over the last years: ICO investments are already estimated at billions of US dollars. ICO market advances so fast that it is hardly possible to follow a growing number of ICO campaigns: there is no chance to clarify the intentions and efficiency of every team operating at the market.
Blockchain is a unique technology that may give birth to many new multi- billion dollar companies. However it can’t insure investors against scam and fraud. Some projects plan to flee away with the funds straight after the ICO. Others recognize the failure to meet the challenges or unmanageable scale of works after they had collected the funds. In both cases all the raised funds are already at the company’s disposal and further use of invested money is out of the control. Unfortunately, this innovative approach to fundraising ICO, has several substantial drawbacks. In this document we describe the blockchain solution that is capable to solve the problems mentioned above:
DES – Decentralised Escrow Service – the first-ever decentralized escrow platform for ICO implementation.
ICO token price:
Soft cap: 3 500 ETH (~$105 mln.)
Hard cap: 66 666 ETH (~$30 mln.)
initial price: 1 DES = 0,001 ETH
Blockchain flotation price: 1 DES = 0,00175 ETH
Token standard: Ethereum ERC20
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Author: lothok
Profile Bitcoin Talk: https://bitcointalk.org/index.php?action=profile;u=1186246
Address Wallet (ETH): 0x9f4Af3ED1de3CbC3233A9e43Fd13c13758a3a6bb
