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Milestones CGS

On-chain Governance Mechanism to Protect ICO Investors

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.

2.6
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Benchy 2.6
KYC
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Unknown
Token
CGS
Type
Price
1 CGS = 0.14 USD
Bonus
Available
MVP/Prototype
Platform
Accepting
ETH
Soft cap
1,000,000 USD
Hard cap
10,000,000 USD
Country
Visit ICO website
Report

Milestones

1
Q1 2018

Alpha Release: the publication of the first working version of the CGS platform, which users will be able to interact with.

2
Q2 2018

Testing Phase: following the alpha release, 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. Testers and users that help improve the platform will be incentivised with mainnet CGS tokens.

Pre ICO: a private token sale will take place prior the public one for a limited amount of participants.

ICO: an public token sale will take place towards the end of Q2 2018

3
Q3 2018

V0.1 Beta Release: this milestone marks the publication of the first working version of the CGS platform on the Ethereum Mainnet.

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 a real ICO.

4
Q4 2018

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.

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 certain parameters of the platform, such as number of
tokens needed to create a project, etc.

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