On the main page of the section you can see the widgets that allow you to monitor important information related to your project: voting results, questions of the users, referral statistics.
As you can see, new items appear in the left menu compared to section “Investor” — “My projects” and “Find an expert”. The “Referral program” page also differs from that in the Investor section. It allows you to set voluntary referral rate for your ICO start-up in order to attract new investors to the project.
The “My Projects” page displays a list of your completed and current projects on the platform.
In “Project management” page you will be able to do all basic actions on the platform: quickly change the referral rate, download a report, see the results of voting or fees statistics, check with the road map and, if necessary, make changes to it.
The button “change information” leads to the page where you can change or supplement the data about your project: add tags, format a full description (including the ability to add graphic elements), correct the list of media files and add extended information about team members (including their photos).
A necessary condition for the publication of the ICO project on the Descrow platform is filling out the Roadmap section.
Roadmap is an integral part of strategic planning: it allows you set specific goals for the development of your business and monitor the progress of the tasks implementation. Also, the roadmap allows investors get more complete information about your project, its main stages and deadlines for them. The roadmap serves as an indicator of the quality and reliability of your project, so we advise you to consider its completion seriously
To fill it out, go to “project management” and click on the “fill in” button in the “roadmap” panel.
Add the required number of stages of project development and enter the number of days required for implementation of each stage. Than add a description of the aims you plan to achieve during the stages as well as the percentage of the total funds required for particular stages.
The minimum number of project stages is three.
Keep in mind that during the ICO campaign you will be able to make changes to the roadmap of the project no more than once per stage. Also these changes are levied by a commission paid in DES tokens which amount could depend on the amount of the funds raised, on the course of the project implementation, on the roadmap changes already made in the past and other parameters important for the project success. Also, total period of the stages postponements can’t be more than 6 months. So we strongly advise you to choose the optimal periods of the stages implementation in advance, to consider your capabilities adequately and to make every effort to implement the project.
Creation of ICO Smart Contract
ICO can’t be run without a smart contract.
A smart contract is a computer program algorithm that ensures the reliability of bargains and financial transactions. He acts as an intermediary in the information and money transfer and an arbitrator that controls compliance of the agreement terms by the parties. Usage of smart contract gives many advantages. The parties are guaranteed to have and independent arbitrator while subjective factors are eliminated. Smart contract reduces the costs of implementing the contract (costs of services provided by the third parties) and minimizes the risks of wrong interpretation of contract’s terms. Moreover smart contract guarantees reliability of exchange of values and security of transactions.
All of the above factors form investor’s confidence that particularly important in the ICO process. In particular, if the minimum amount of investment in ICO (the so-called softcap) is not reached, the smart contract automatically returns all the funds to investors, since in this case it is assumed that the project does not have enough funds for successful implementation. On the other hand, if the maximum amount of funds raised (the so-called “hardcap”) is reached, the ICO smart contract automatically stops the investing process, since too much investments could dilute the value of the tokens of the ICO project that investors receive in exchange for their investments.
In Smart Contract section you can specify the main terms of your project: organizational, financial and other.To create a smart contract go to “Project management” and click on the “Create” button in the “Project Smart Contract “ panel.
Fill in the name and an abbreviation of your token, the number of token decimals, the percentage of tokens intended for the project team.
Specify the cost of selling each token in dollar terms, as well as the start and the end dates of the ICO.
Make sure that all items are filled in correctly because after creating a smart contract of an ICO campaign, you can’t change it anymore.
We will be glad to welcome your project on testing the platform, you can apply by filling out the form belowhttps://goo.gl/forms/PaYT3MoieB0l9YC72
We also invite experts, specialists, analysts in the field of crowdfunding for further partnership, please feel free to contact ushttps://goo.gl/forms/FNCKsyVkptCBhAJl2https://medium.com/@Descrow/section-startup-2dabbe8ff819
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