Coin Governance system

Initial Coin Offerings have a lot of potential, but there is an increasing need for governance to protect token buyers from scams or projects that aren’t executing correctly their roadmap or aren’t managing well the funds raised. For this reason, we have developed the Coin Governance System (CGS)

 

The funds raised in an ICO will be protected by the CGS. If ICO supporters disagree with steps that the project is taking or the way they spend the capital raised, they can submit a claim through the Coin Governance System to withdraw the remaining funds.

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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 token holders, the claim will be handled by the community of CGS Arbiters.

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

With the Coin Governance System, we aim to align the interests of token buyers with those of ICO launchers.

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 be the first to try the CGS?

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)

ROADSHOW

Join us on CGS Tour!

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THE CGS WHITEPAPER

Discover the CGS Whitepaper following the link below

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THE CGS WHITEPAPER

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TOKEN SALE

More information to be announced soon!

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TEAM

Meet the team behind the CGS

alex-1

Alejandro Gómez de la Cruz

CEO
adri

Adrián Calvo

CTO
ablo

Pablo Moreno de la Cova

COO
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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

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