Expert Coin

CGS – Insurance System for ICO Investors


Meet CGS – an innovative platform of insuring ICO investing risks, and working on ‘wisdom of crowd’ principle. For ICO on its basis it will create special escrowed wallet from which ICO launcher will receive funds on daily or other contracted regular basis. In case of conflict between launcher and investors it will be solved via voting process by Arbiters – CGS token holders which are independent from launcher and investor. Winners will be rewarded; and in case of interrupt solution, investors will receive back remaining funds. Unfortunately, founders didn’t present business plan (including token distribution or funds received usage) or marketing details, but because ICO details are announced, possibly it will be published. Because of this, the (first honest ICO rating) marked this project as weak positive.