Gnosis had this great idea of stopping the artificial pressure on ICO’s with token discounts given to the first comers. The ICO is a great time to get community exchanges on slack on reddit about the project future, the team, the transparency measures taken for the next steps.

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It’s an interesting and unique time to have the founders exposed to scepticism and critics, and extending this interesting time period is great to create fair ethereum investment markets.

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Gnosis token price does not depend on being in the first investors, and the price is decreasing continuously. The Rockchain ROK contract has been designed the same way. As opposed to Gnosis however, the final ROK price is a weighted average of all token bid prices, pondered by the token quantity. We believe we created a fair balance between two opposing pressures: If the ICO has a great demand, the investor must hurry to get some of a limited number of ROK token; however when bidding late, the investor is lowering the final ROK price.

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The ROK ICO contract is also ensuring vesting schemes for the founders, so that they can only sell their coins progressively as the project is being released.

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In the Rockchain White Paper, we defined a continuous auditing of the project, and we propose to reimburse the initial investors on some specific project event, such as the “project failed”. It is similar to corporate events, and we’re still working out on those event definitions before injecting this logic into the ROK token crowdsale smart contract.