Coin Governance system

The Coin Governance System (CGS) is an on-chain governance mechanism to protect ICO investors from scams and bad execution. 

 

The CGS holds the funds raised during an ICO in an escrow smart contract and releases it gradually to the ICO launcher.

 

If ICO investors aren’t satisfied by the project’s progress, they can submit a claim to the Coin Governance System which could lead to the withdrawal of the remaining funds if the CGS arbiter community believes the claim is rightful.

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.

If the CGS Arbiter Community believes the claim is rightful, ICO token holders will have the possibility to withdraw the remaining funds from the ICO.  

HOW DOES THE CGS WORK?

ICO Launch & CGS Deployment

The funds raised in an ICO will be held in an escrow smart contract that will release periodically an amount of ETH to the ICO launcher, 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 handled by the decentralized community of CGS Arbiters, who are incentivized to vote correctly.

Scenario 1: OK

If CGS Arbiters believe the project is doing a good job, the CGS smart contract goes back to normal and everything continues as before the claim got submitted.

Scenario 2: KO

If CGS Arbiters believe the claim is rightful, the CGS will enter into a temporary ``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. 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?

papers-stack

THE CGS WHITEPAPER

THE CGS TEAM

alex-1

Alejandro Gómez de la Cruz

CEO
ablo

Pablo Moreno de la Cova

COO
adri

Adrián Calvo

CTO
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 COMMUNITY OF ICO EXPERTS

Our ICO Expert Community is made up of a group of experts with different specialisations, such as blockchain developers, ICO advisors, investors and marketeers that have joined the movement to fight ICO scams and bad practices.

naviin-kapoor

Naviin Kapoor

ICO Expert
bogdan-fideur

Bogdan Fideur

ICO Expert
nir-rozin

Nir Rozin

ICO Expert
river-jangda

River Jangda

ICO Expert
Anthony Elia

Anthony Elia

ICO Expert
Félix Moreno

Félix Moreno

ICO Expert
CGS Telegram

ROADSHOW

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

whitepaper ico

THE CGS WHITEPAPER

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

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