# Reliable ICOs

A reliable ICO process needs

* Governance to protect token buyers
* Tools and liability protection for deal sponsors

On successful closing, some staked assets and new tokens go into an AMM pool to provide liquidity for everyone. *In a meme project, most assets go to the AMM or buyers, and no further governance is needed.*

The remaining claimed assets and new tokens go to a multisig treasury. The treasury is initially controlled by signers from an arbitrator. The default arbitrator is the Sweepr Foundation. The arbitrator protects the token buyers and the deal sponsor.

* The arbitrator distributes tokens to buyers and the AMM pool
* The arbitrator can distribute tokens to founders with lockups
* The arbitrator can work with the sponsor to select and register a legal wrapper that provides liability protection and governance
* The arbitrator hands off control of the treasury