The place for responsible ICO
Jury.Online offers a solution for a responsible ICO. The concept is as follows: a project breaks down its final goal into milestones with specified funding values and deadlines for implementation. Then all the investments received through a smart contract are allocated into parts which are needed to fulfill each milestone requirement. Money and tokens are released step-by-step to each party. Unlike other forms of gradual money release, funds are always stored in the smart-contract and their transfer is completely defined by the smart contract code, which is known to the public in advance. Every investment in a projet comes with a set of arbiters who will estimate the execution of the project and resolve conflicts if they are to appear.
For Projects, this simplifies the funding process and search for investors, helps shape goals and deadlines. For Investors it gives more control over the project development, guarantees at least a partial refund and provides them with direct communication with the Projects.
Arbiters play the role of unbiased mediators who give an independent evaluation of the project and resolve Disputes in favor of either party by carefully assessing the results of each milestone in comparison with the original roadmap.