{"id":6486,"date":"2018-06-14T00:00:00","date_gmt":"2018-06-14T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2018\/06\/14\/concourseq-encourages-its-users-to-eliminate-fraudulent-ico\/"},"modified":"2018-06-14T00:00:00","modified_gmt":"2018-06-14T00:00:00","slug":"concourseq-encourages-its-users-to-eliminate-fraudulent-ico","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/concourseq-encourages-its-users-to-eliminate-fraudulent-ico\/","title":{"rendered":"ConcourseQ encourages its users to eliminate fraudulent ICO\u00b4s"},"content":{"rendered":"
The boom that the Initial Coins Offering<\/a> <\/strong>– ICO – has had since 2017 is very significant. In the case of a crowfunding mode, the possibility of raising funds by placing your own token that will be traded on exchanges globally is tremendously striking. However, due to the presence of unscrupulous actors on the one hand, and due to the lack of adequate regulatory frameworks for the protection of investors on the other hand, and the lack of sufficient knowledge of these before the due diligence<\/strong> that should be done prudently to a project before investing in it<\/strong>, the fraudulent ICOs have been a worrying reality as well, causing millionaire losses to their investors.<\/p>\n ConcourseQ<\/a><\/strong> \u00a0is the platform that is conducting a rigorous due diligence to many ICOs. It is doing this by encouraging the cryptographic community to know and evaluate the questionable ICOs when examining Qfellow’s reports. Qfellowship<\/strong> is the name of the program that ConcourseQ began in 2017, when through a selection process a contingent of candidates who previously applied to participate in the program was recruited. Applicants admitted to the program receive an incentive of $ 350 per month on Ethereum. The purpose of the platform is to provide investors with a solid analysis of the next ICOs for consideration at the time of investing.<\/strong><\/p>\n The trajectory of the platform in the time it takes online is interesting: more than 170 ICOs reviewed, two cases of scams discovered – Moirai and Cvent – and its weekly publication “Terrible Token Tuesdays”, which takes more than 15 editions.<\/p>\n The history of cases of fraudulent ICOs is long, but it can be mentioned cases in which several companies that submitted their respective ICO lacked specific or structured commercial plans, and in some extreme cases, even lacked a work team on board.<\/p>\n