COINDAQ (CDQ) ICO

updated 01 January 2018

Making Digital Currencies Safe

Whitepaper
Token sale info
LVL
Status: ended
Start: 12 February 2018
End: 14 March 2018
Cap: No info
Goal: No info
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COINDAQ

About COINDAQ

Currently in the realm of digital currency, complete lack of regulation make offerings and trading surrounding digital assets, tokens and ICO’s resemble that of the wild-wild west. This leaves the ability for people to create “dark shadow offerings and companies” to essentially defraud the unbeknownst and un-prepared investor. To date Hundreds of Millions of Dollars have been stolen through various scams and fraud schemes which have taken place due to the major lack of regulation and transparency, which has been required by securities and IPO’s to help investors make educated and informal decisions with their finances when it comes to investing and backing blockchain based tokens. To date, there have been dozens of frauds, scams and ponzi schemes which could have been easily prevented if these offerings and tokens had been pre-screened, verified, audited by a certified group, as well as mandated to meet public reporting requirements just as today’s “safe stocks and securities” are required to do across the big indices such as are the requirements with NASDAQ and NYSE listed securities.

The hackings reported from various tokens and also scams where the founders disappeared with the raised funds further prove that there needs to be a public screening of these ICOs in order for them to be verified and proven to meet requirements. Such a move will protect investors from loss of funds and also give them an assurance that their investment is in the right place.

Proof of Identity and reporting requirements eliminate the risk of dark shadow company offerings, while building trust with business owners, issuers, supporters and investors by verifying public company profiles, ensuring legitimate corporate identity, complete token holders transparency and requiring mandatory filings and announcements from issuers.

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