Tuesday, June 5, 2018

ICO Watchdog Rolls Out Tools To Vet Cryptocurrency

Santa Monica-based ICO Watchdog, a service developed by startup studio Science Inc.., has rolle dout several new products for helping to vet cryptocurrency initial coin offerings (ICOs). According to ICO Watchdog, it has launched TokenGrade, an audit service that allows token creators to submit their whitepaper plans and smart contract source code for inspection by crypto experts, and ScamWatch, a service which rewards users for flagging and reporting ICO fraud. ICO Watchdog says it is looking to help the cryptocurrency community make smarter decisions, and also help legitimize the space to venture capitalists, investors, and the average Internet user. The venture's backers--Science Inc.--has been behind such companies as Dollar Shave Club, DogVacay, FameBit, and HelloSociety. The new services might help cut through the hype, outright scams, and confusion over ICOs, which have seen a huge increase since the runup in the price of Bitcoin and other blockchain-based crytocurrencies. That runup has resulted in both legitimate interest in ICOs, as well as a large amount of fly-by-night ICO scams.

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