The Preon Institute, known for launching the first platform in the world for the standardized certification process of ICO projects, announced that the first certificates would be tested for three ICO projects. Later, the objective is to increase the issue of certificates. The first three will be released on 05th of June 2018. They will all be presented to the public. Two ICO projects qualified for the Golden Community Certificate, and one for the Golden Token Buy Back Guarantee Certificate. What scores-estimates will be given is not yet known, but we were assured that there would be “no giving up” on strict assessment.
As we reported, a number of highly educated experts with rich practical experience decided to set clear binderies to ICO projects, inform the public about relevant decisions, and provide government officials with expert assistance to strengthen this otherwise significant potential.
The first problem arising from the launch of the certification platform is that the founders of ICO projects were scared of our evaluation and did not want to enter our program. Such projects inform investors that they are not convinced about their project, which is a clear signal for the public, and our purpose is achieved – to separate the grain from the weeds. Over time, investors will require a certificate from the founders, as the evaluation will always be intransigent, professional and independent. This will make it easier for the public to decide on a potential investment!
Asst. Prof. Marko Vidnjevic, PhD. Sc.
ICO projects are desirable in the professional public; hopefully, this market is further strengthened, but with argued regulation and, not as it happened in some countries, banning ICO issues and then think about how to regulate them or even strengthen them.
The launch of ICO projects will not disappear on its own; we do not even believe that potentially rigorous regulation will help to substantially reduce the number of their issues.
Project founders and potential investors will participate in an open society; this is not possible to stop any more. Countries that do not know how to set boundaries with “soft and fair” restrictions will not gain much, and they will lose a lot. Thus, tax revenues, new jobs, recognition in the world, the acquisition of new investments, and enthusiasm for work among young people will not develop in the direction of digitization in the long run, which is inevitable in any case. In particular, small countries can show up here with their flexible legislation and a positive, clear and open definition of new technologies.