Russia to Develop Protection of ICO Investments
February 20, 2018
Russian commercial bank Globex in cooperation with the Russian Association of Cryptocurrency and Blockchain (RACIB) and the internet-platform CrowdHub is developing a protection system for cryptocurrency investors. Basically, the system is an ICO hub, which will include a protection system of ICO investments.
The system will work as follows:
- RAСIB will recommend its participants to raise funds through the ICO hub;
- Startups and investors will register on CrowdHub;
- Fiat money will be raised through an escrow account in Globex;
- Cryptocurrencies will be raised through a wallet registered on CrowdHub.
This system will help investors to fully regulate their funds, because payments will be made step-by-step and in accordance with the previously developed and specified strategy of a startup.
The approximate date for launching the project is scheduled for March and after that the organizers plan to continue further development of it.