About Platform
Rocket ICO is the world's first online startup accelerator based on the principles of Decentralized Autonomous Organization.
https://rocketico.io
Such model creates a new paradigm for safe and effective interaction between project teams, ICO backers and experts in the context of creating and launching blockchain projects. You can access the platform’s desktop demo by clicking the button below.
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Recently Vitalik Buterin has provided his view on the new enhanced model of ICO - DAICO.
The founder of Etheteum makes use of "some advantages" of the concept of decentralized autonomous organization (DAO) in this model in order to make initial coin offerings (ICO) more democratic and safe for investors.
It is quite obvious that changes are urgent in the ICO market. RocketICO startup goes even further taking the best of ICO model and of venture capital market that proved itself years ago. In the article below you will find out the major problems of the market and what can make it more attractive.
One of the most serious problems of crypto economy and ICOs as its dominant feature is a large number of fraudulent and simply inconsistent projects with no future. This phenomenon translates into two types of unfavorable for investors trends: the number of ICOs held far exceeds the number of worthy ideas and competent teams; small percentage of projects ready to present a finished product after finishing the fund-raising successfully.
Let's draw an analogy with the film industry. A producer is the key figure in the movie production, but he or she draws income only from the movies with successful opening at box-offices. The producer's success depends directly on the success of the movie, which provides the strongest motivation. Imagine if producers were receiving a fixed salary - would they be able to show the same zest for the creation of a good film then? Hardly so. Yet in the ICO market, the situation is very similar to the hypothetic scenario where producers are paid fixed amount of money. As such, untrustworthy project authors lack motivation for developing the project and presenting the finished product to their investors after a successful completion of the token sale and raising the money.
RocketICO offers a solution well-known to the real sector of the economy and widely used there, namely a round fund-raising model. This model is meant to link receiving funds for projects at the RocketICO platform to these projects' achievements in their product development.
The advantages and efficiency of the round model are self-evident. It is the capitalization of the venture investment market, where rounds model is common practice and exceeds the ICO market capitalization substantially. In addition, there is a much lower number of unreliable and fraudulent projects in the venture market. Of course, the round system is not a magic pill, but it is a necessary step on the way to the formation and development of the industry.
How the Round Model Works
A big number of fraudulent and simply weak projects pose a problem not only to investors. When the market is full of unreliable proposals, it becomes very difficult to emphasize the uniqueness of your project and demonstrate the consistency of your ideas..................... https://cointelegraph.com/press-releases/rocket-ico-adopts-vitalik-buterins-daico-model