Coin Governance system

There is an increasing need for governance to protect ICO investors from scams and projects with bad execution. For this reason, we have developed the Coin Governance System (CGS).

 

The funds raised in an ICO will be protected by the CGS through an escrow smart contract. If ICO investors disagree with steps that the project is taking or the way they spend the raised capital, they can submit a claim to the Coin Governance System which could lead to the withdrawal of the remaining funds.

coin governance system ico
ipad-skyllz

The power of the Wisdom of the Crowd

We believe that the wisdom of the crowd is the best judge in decentralized networks: if the submitted claim receives enough support from other ICO token holders, the claim will be handled by the decentralized community of CGS Arbiters.

This means that if the verdict is that the project is not going as it should be, ICO token holders will have the possibility to withdraw the remaining funds from the ICO.  

HOW DOES THE CGS WORK?

ICO Launch & CGS Deployment

Once an ICO with CGS is finished, the raised capital will be hold in escrow and the CGS will release periodically an amount of ETH as specified in the smart contract.

Claim Submission

If ICO Token Holders think the project is not being executed properly, they can submit a claim to the CGS by depositing a certain amount of ICO tokens.

Voting Period

If the claim receives enough support, it will be opened and handled by a decentralized judge: the community of CGS Arbiters, who are incentivized to vote correctly.

Scenario 1: OK

CGS Arbiters believe the ICO launchers is executing correctly the project if the outcome of the voting is ``OK``. The CGS smart contract goes back to normal and continues as before the claim got submitted.

Scenario 2: KO

If outcome of the voting is ``KO``, CGS Arbiters think the project isn't being executed correctly. The CGS will enter into ``withdrawal mode`` and ICO token holders can draw out the proportional remaining Ethers.

Back to Normal

After the withdrawal period, everything goes back to normal (if the voting result was ``OK``, things go back to normal straight away). After a certain period of time, a new claim can be submitted.

Do you want to try the CGS?

The Coin Governance System is currently fully operational in testnet (Ethereum Kovan Network).

2018 ROAD MAP

Do you want to know the next 8 steps of the Coin Governance System?

1. Alpha Release

The publication of the first working version of the CGS platform, which users will be able to interact with it. (Q1 2018)

2. Testing Phase

A version of the platform will be open for the early adopters on Testnet. During the testing phase, users will receive testnet tokens to try the product and give feedback. (Q1 2018)

3. Pre-ICO

A private token sale will take place prior the public one for a limited amount of participants.(Q2 2018)

4. ICO

A public token sale will take place towards the end of Q2 2018.

5. V0.1 Beta Release

This milestone marks the publication of the first working version of the CGS platform on the Ethereum Mainnet. (Q3 2018)

6. Pilot - Skyllz

The Skyllz platform is the first real life ICO project that will integrate the CGS. Investors will enjoy the protection of the CGS for the first time in live ICO. (Q3 2018)

7. V0.5 - Limited Version

More projects will be included in the CGS. The projects will be manually added after a prior review to avoid spam and monitor the proper functioning of the platform. (Q3 2018)

8. V1.0 - Open version

The CGS platform will be open for any ICO. The governance of the system will be delegated to the CGS community, that will decide through votings the certain parameters of the platform, such as number of tokens needed to create a project, etc. (Q4 2018)

ROADMAP

1. Alpha Release

The publication of the first working version of the CGS platform, which users will be able to interact with it. (Q1 2018)

2. Testing Phase

A version of the platform will be open for the early adopters on Testnet. During the testing phase, users will receive testnet tokens to try the product and give feedback. (Q1 2018)

3. Pre-ICO

A private token sale will take place prior the public one for a limited amount of participants.(Q2 2018)

4. ICO

A public token sale will take place towards the end of Q2 2018.

5. V0.1 Beta Release

This milestone marks the publication of the first working version of the CGS platform on the Ethereum Mainnet. (Q3 2018)<br />

6. Pilot - Skyllz

The Skyllz platform is the first real life ICO project that will integrate the CGS. Investors will enjoy the protection of the CGS for the first time in live ICO. (Q3 2018)

7. V0.5 - Limited Version

More projects will be included in the CGS. The projects will be manually added after a prior review to avoid spam and monitor the proper functioning of the platform. (Q3 2018)

8. V1.0 - Open version

The CGS platform will be open for any ICO. The governance of the system will be delegated to the CGS community, that will decide through votings the certain parameters of the platform, such as number of tokens needed to create a project, etc. (Q4 2018)

Interested in implementing the CGS in your ICO?

The CGS makes an ICO safer and more attractive for investors. Do you want to know more about what the CGS can do for your ICO?

ROADSHOW

If you would like to meet us, please write a message to meet@cgs.vote

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THE CGS WHITEPAPER

Get to know more about the CGS by reading our white or light paper.

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THE CGS WHITEPAPER

THE CGS TEAM

alex-1

Alejandro Gómez de la Cruz

CEO
adri

Adrián Calvo

CTO
ablo

Pablo Moreno de la Cova

COO
carlos-1

Carlos Kuchkovsky

Chairman
anne

Anne-Lous van den Ende

CMO
Fernando-Alamillo

Fernando Alamillo

Business Development
Carlos-Mora

Carlos Mora

Software Architect
esperanza-arquero-2

Esperanza Arquero

Visual Designer
CGS Telegram

CGS TOKEN SALE

ICO is expected to start 01/07/2018. Soon we will announce more information about our Public Sale. Join our community to stay up-to-date!

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