RICO will replace ICO or as it will be possible to return money for Pre-RICO
The Ethereum developer and the creator of the ERC-20 standard Fabian Fogelshtellar during the performance at the Devcon4 conference in Prague has offered the concept of reversible ICO (RICO) when which carrying out the special smart contract will allow investors to return invested funds at any stage of development of the project by means of return of tokens.
As soon as Ethereum coins appear at the investor again, other users will have an opportunity to get tokens. Fogelshtellar has emphasized that all this can provoke fluctuation of quotations therefore projects will need to attract basic financing from private investors out of ICO.
He has added that he feels responsibility for ICO boom as has created that standard, and intends to offer the best model. According to him, RICO can reduce considerably number of skam and stimulate creators of projects to keep the promises.