Reverse Initial Coin Offerings Can Remove Scams From the Industry2.86

The world of initial coin offerings is bound to undergo some major changes moving forward. More specifically, it would appear developers contemplate creating a token standard for reversible initial coin offerings. Fabian Vogelsteller has proposed this new concept, though it remains to be seen what the future will hold in this particular department.

If there is one downside to initial coin offerings, it is how there is no “recourse” if projects end up not pursuing their initial business model. More specifically, these projects can refund investors accordingly, although there needs to be some course of action if a project fails at a later stage. As such, a reversible initial coin offering token standard can be quite interesting to keep an eye on, assuming there is a real purpose to the concept in the first place.

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