Risk-free DARFchain investing platform based on DAICO

https://darfchain.com/news/2018/mar/22/risk-free-darfchain-investing-platform-based-daico

 

New investment solutions based on DAICO

We continue working  on the environment for safe investment. We already made the first implementation of the DAICO by Vitalik's Buterin concept through the integration of the ERP system, IPFS and Ethereum. As one of the results of this work will be the creation of an escrow  fund. Investors can put the money in it and take them back if the task  set by the investor is not executed or accepted for execution by the  team of the ICO project. The bulk of the fees will go to the endowment  of this fund.   

Risk-free ICO investing platform

Now we develop a risk-free ICO investing platform. This approach  provides investor not only with safe way of investing but direct  influence to the ICO-projects development and growth. 

  1.     The ICO team has issued tokens and started work on the project.
  2.     Investor writes (in Odoo for instance) his own  user story or offer with desired business-functions.
  3.     Investor remits the sum in our DARF tokens to the escrow smart-contract. DARFs he had to bougth before.
  4.     System commits the money, investor does not get the tokens for a while.
  5.     Other investors can see the offer, accept it and join to the the escrow.
  6.     The project team starts to negotiate the investors offers and  assign the story  terms and conditions - the job objective, scoup and  criteria of acceptance. The progress of negotiations is fixed in the  trusted distributed storage system DARFChain.
  7.     In case of team reject the user story or doesn’t accept or  consider it during the time limit, investors get their money back.
  8.     If investor and team have got a deal and team has accepted user  story, then money can not back to the investor but the team will not get  them, untill job is accepted by investor’s side.
  9.     If team count that the job has been fulfilled, they request the  smart-contract close, and investors can get this message at their  wallets.
  10.     If majority of  investors (according to the sum) is agree that   work is done, then smart-contract remit sum to the team and tokens - to  investors. Then team can exchange DARFs to Ether via smart-contract with  fixed price.

Platform advantages 

  • Investors can directly influence the progress of the project,
  • They risk only small amount of money,
  • The team gets new ideas product development,
  • Investors can monitor project's traction online.

If you wants to join this round of ICO, which starts on April 30 and lasts 42 days, sign up for the whitelist.  

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