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COINDAQ

Making Digital Currencies Safe

COINDAQ “CDAQ” brings transparency, regulation and security to digital currency and assets through; proof of identity, company profiles, corporate announcements and simple reporting obligations. The CDAQ is an international blockchain based indice which covers multiple asset classes, including equities, derivatives, debt, commodities, structured products, utility tokens and exchange-traded funds.

2.3
1 0 expert ratings
Benchy 2.3
Experts
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Ended
Token
CDQ
Price in ICO
0.2597 USD
Country
Whitelist/KYC
None
Restricted areas
USA, China
ICO start
12th Feb 2018
ICO end
24th Apr 2018
More on ICO
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About COINDAQ

Currently in the realm of digital currency, complete lack of regulation make offerings and trading surrounding digital assets, tokens and ICO’s resemble that of the wild-wild west. This leaves the ability for people to create “dark shadow offerings and companies” to essentially defraud the unbeknownst and un-prepared investor. To date Hundreds of Millions of Dollars have been stolen through various scams and fraud schemes which have taken place due to the major lack of regulation and transparency, which has been required by securities and IPO’s to help investors make educated and informal decisions with their finances when it comes to investing and backing blockchain based tokens. To date, there have been dozens of frauds, scams and ponzi schemes which could have been easily prevented if these offerings and tokens had been pre-screened, verified, audited by a certified group, as well as mandated to meet public reporting requirements just as today’s “safe stocks and securities” are required to do across the big indices such as are the requirements with NASDAQ and NYSE listed securities.

The hackings reported from various tokens and also scams where the founders disappeared with the raised funds further prove that there needs to be a public screening of these ICOs in order for them to be verified and proven to meet requirements. Such a move will protect investors from loss of funds and also give them an assurance that their investment is in the right place.

Proof of Identity and reporting requirements eliminate the risk of dark shadow company offerings, while building trust with business owners, issuers, supporters and investors by verifying public company profiles, ensuring legitimate corporate identity, complete token holders transparency and requiring mandatory filings and announcements from issuers.

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