Ethereum has published a detailed article about the protocol that can replace the ICO system.
A new protocol in collaboration with Ethereum creator Vitalik Buterin and developer Jason Teutsch
In the article published yesterday, the authors detailed a system where ICO buyers can respond in return for their purchases. In particular, the article includes the “smart contract” system, which allows buyers to purchase ICOs with a dynamic pricing system, which is evaluated in real time. Perhaps the most important feature of Ethereum is “smart contracts”
While this new ICO protocol offers buyers the opportunity to buy at a dynamic price, , also offers the opportunity to sell their existing investments back at the current exchange rate at any time after the purchase. Having Ease of Trading seems to eliminate the problem of ICO sales ending quickly in this way.
Considering the success of ICOs with smart contracts in 2017; It is not possible to speak for equality in the current system, as we have seen from ICOs, which attracts the attention of many strong investors. However, this protocol looks like it will be very useful for financial equity.
Jason Teutsch, in his article on Medum
“I hope that our introduction to algorithmic game theory will help our community, where ICO sales are built on untrustworthy people and Encourages clear thinking about the crypto economic power of Smart Contracts”
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koinbulteni / cointelegraph.com