ICO HeadStart 3/5 (1) - ICO projects escrow platform

Our platform works in a decentralized manner with the amazing advantages of blockchain technology and provides the highest security standards in the ecosystem for our community of backers and creators. You’ve read all about the ‘why’ of our platform in previous chapters. In the following chapters, here’s what you will learn about ICO HeadStart:

• It is the first platform where backers and creators pay 0% fees without any additional costs
• It offers the community the best available ICO proposals, which have been screened and certified with the ICO HeadStart™ Seal of Approval before they get listed
• The community is the vital part of the platform. Once the screening process is finalized, the decision is up to the community. The community has decisive power to determine whether an ICO will be supported. ICO HeadStart™ just creates the structure and democratizes access. The combination could potentially beat the limited resources of any individual typical market participant such as a hedge fund
• The ICO HeadStart™ ICOnomy is powered by its own token, the MOAT

Escrow Contracts

One of the ways ICO HeadStart regulates ICOs, is to release Bitcoin and Ether to a successful ICO creator in a timed manner linked to reaching goals and not just all at once, which is the current practice. We will hold the received Bitcoins and Ethers that are aimed for supporting an ICO in timed release escrow in exchange for project tokens. Basically, this service holds Bitcoin and Ether till a certain deal is finalized or milestones have been achieved.

The community within ICO HeadStart™ determines the success of an ICO. Once the community has accepted a certain project, Bitcoin and Ether gathered will be held in timed release escrow and will only be released when pre-agreed stages are reached. Based on the quantity of gathered Bitcoin and Ether, the risk assessment, the roadmap of the campaign and most importantly, the ICO HeadStart Scorecard Analysis, a specific timed-release agreement will be defined for each individually listed ICO project on the platform. The execution of the transfer of the cryptocurrencies will be performed by multiple signatures to ensure that never one person controls the release of those cryptocurrencies.

Smart Contracts

ICO HeadStart will also use smart contracts to create the safe and transparent mechanism for our ICOnomy. These smart contracts are a perfect match for the decentralization of the ICO HeadStart platform.

Smart contracts provide an innovative alternative to the everyday regular contracts we use to handle business. A smart contract is a programmed agreement that is written in a programming
language and recorded on the Ethereum blockchain. It works without the intervention of third parties such as central brokerage entities. The uniqueness of smart contracts is that the rules and
conditions governing such a contract are programmed in the contract itself. The coding of smart contracts has given life to a new sort of peer-to-peer marketplace that will substitute existing
systems. It also ensures a high level of certainty that agreed steps will autonomously occur once the smart contract comprising the agreed actions is deployed on the Ethereum blockchain.