Fabian Vogelsteller, the Ethereum (ETH) developer who co-created the ERC-20 token standard, has proposed the concept of “reversible” initial coin offerings (ICOs), seeking to make the funding method safer for investors and destroy the incentive for creating scam projects, Czech business news outlet Kurzy reported.
The idea was presented at Ethereum’s annual Devcon conference held in Prague on Tuesday. Vogelsteller said the new model, dubbed a “reversible ICO” (RICO), involves a new smart contract which allows investors to pull their contributions at any stage of the project’s lifespan. Once refunded, the Ethereum tokens would then be available...
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