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.
I've invested at CGS and feel scam here now

If you suspect fraud, it is better to bring it to the attention of the law enforcement authorities. With ICO frauds, every day counts because fraudsters can sweep up the evidence.

Feel free to contact us:
We will help you to find the data about fraud (rate $ 30 per hour). In the future, you can submit this report and the case to any competent lawyer. An example of a research report is available here.

Consult us free of charge about collecting debts from an ICO project bubnov@forensictokenlab.com or via telegram @ICO_Forensic_NOW
We also collect facts about the withdrawal of crypto active assets from the project. If you have any information available about a cryptocurrency, please, send it to us for analysis.

ICO
Project symbol
CGS
Country
Spain
Link to website
ICO token price
0.140000 USD
Soft cap
1 000 000 USD
Hard cap
10 000 000 USD
Category
Cryptocurrency
Accepting
ETH
Bonuses and discounts
Week 1: 20%
Week 2-3: 10%
SCROLL
THE STRIP

Good governance is a key point when we talk about decentralized networks in general, or blockchain in particular. Decentralized networks break with the traditional hierarchical models (vertical) and facilitates a model in which hierarchy does not exist (horizontal). In this sense, different groups of participants have different and common interests. Having a strong governance system to rule them is crucial. It is essential to maintain the incentives of those participants aligned. Therefore, the system needs mechanisms to coordinate those participants around their common incentives, and avoid imbalances in their powers. Governance could be exercised on-chain or off-chain. On one hand, on-chain governance mechanisms could both ensure that a process is properly followed and allows fast decision making. However, it will not be easy to change an on-chain governance mechanism once it is established. Furthermore, if it is not well designed, it is exposed to exploits and hacks. On the other hand, off-chain governance mechanisms (i.e. Bitcoin Improvements Proposals -BIPs - and mailing lists in the case of Bitcoin) could be modified easily but it makes the coordination of its participants more difficult. An Initial Coin Offering (ICO), a process by which a company issues a series of tokens in exchange for cryptocurrencies (in general) through smart contracts, has both decentralized and centralized components. On one side, the process by which the participants of an ICO send cryptocurrencies to a smart contract in exchange for tokens is managed autonomously by the referred smart contract in a decentralized way. On the other, the process of holding and spending the raised capital is fully controlled and centralized by the company itself. This makes it harder to align the incentives of the ICO launcher with those of the token buyers and to enforce a mechanism of coordination between them, given that there is animbalance of power. In this sense, once the ICO is complet ed, ICO token holders have no control over the management of the funds, and if they are unsatisfied they can only sell their tokens in a secondary market. This brings ICOs to the classic problem of agency costs  which economists have tried to solve for years. To solve this issue, we have devised the “Coin Governance System”, which is an on-chain coordination mechanism that could strengthen and align the common interests of ICO launchers and token buyers, preventing that their individual interests create an imbalance of power between them.

TEAM
Alejandro Gómez de la Cruz
CEO
Pablo Moreno de la Cova
COO
Adrián Calvo
CTO
Carlos Kuchkovsky
Chairman
Anne-Lous van den Ende
CMO
Fernando Alamillo
Business Development
Carlos Mora
Software Architect
Carlos Mora
Software Architect
Esperanza Arquero
Visual Designer
I've invested at CGS and feel scam here now

If you suspect fraud, it is better to bring it to the attention of the law enforcement authorities. With ICO frauds, every day counts because fraudsters can sweep up the evidence.

Feel free to contact us:
We will help you to find the data about fraud (rate $ 30 per hour). In the future, you can submit this report and the case to any competent lawyer. An example of a research report is available here.

Consult us free of charge about collecting debts from an ICO project bubnov@forensictokenlab.com or via telegram @ICO_Forensic_NOW
We also collect facts about the withdrawal of crypto active assets from the project. If you have any information available about a cryptocurrency, please, send it to us for analysis.