0

I read an article here, it mentioned that

Another convention which has by now become a de facto requirement is collecting all contribution in a multi-signature escrow wallet, with all the names of all key holders announced to the public.

During crowdsale, we provide the contract address in our website, and investors will send ETH to that contract, the ETH will then stored in a multisig wallet, and investors receive the token accordingly.

Is it the usual way to add the investors as the one of the owner of that multisig wallet?

Please advice. Thank you

2

The investors are not owners of the multisig, the founders of the project are.

The standard is for the token contract to implement ERC20 such that investors can transfer their tokens (etc).

Multisignature features are used such that owners can not withdraw the proceeds of the crowdsale without multiple signatures.

It gives investors confidence, and protects the owners.

  • oh... so the investors need not to add to the wallet, as long as the wallet need multiple signature from multiple owners will do? – Js Lim Aug 17 '17 at 2:29
  • Your comment is not clear. – Thomas Clowes Aug 17 '17 at 11:14
  • i mean, is the investors gain confidence, if the wallet have multiple owners? – Js Lim Aug 18 '17 at 2:45
  • Yes. Because they know that one rogue owner can't steal their funds. – Thomas Clowes Aug 18 '17 at 10:57

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.