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RE: A new way to run token sales - Pro ICO Format
I really like this idea and I think it will solve many of the problems ICOs have today. Of course, every company wants to get the maximum out of an ICO. This is why a system like this will not get a huge adaption. But for growth and project focused ICOs, this can be a great concept.
Founders would still getting the max out of their ICO if their cap is reached. In most cases, their own tokens are locked up for a while, so they don't care about market price as long as they are funded.