The Crowdholding ICO starts in just 2 days, after a successful pre sale that raised over 500 ETH.
What is Crowdholding?
The project already has a working platform which aims to help start ups validate the need for their project and to help spread awareness for the projects they like.
Users on the platform will have the benefit of receiving the new YUPIE token for their contributions on the platform from the start ups that they help.
The Market
The Co-creation market is estimated to be worth $20 billion by 2020. Currently the fintech sector makes up around 15% of the market, with investments into that industry from Co-creation growing at 20% per year. It's expected that other industries will soon catch up and take advantage of the benefits that Co-creation offers.
Crowdholding states in their whitepaper that they'll initially target Payment, analytics, e-money, P2P and trading fintech companies with the goal of taking a 20% market share of the fintech co-creation market by 2020.
They'll then target E commerce and cryptocurrency related projects before finally targeting global companies.
There's more and more tech related start ups being launched every year, with their centralized nature many of the co-creation platforms suffer similar problems.
By creating a new decentralized platform the Crowdholding platform will be able to provide users an incentive to help make the projects work by offering them the new YUPIE token for their work.
Many people now believe a better assessment of a project can be made by using a large group of ordinary people rather than paying 1 or 2 experts.
The rise of ICOs
The rise of ICOs this year has been huge. Many start ups now view it as a far superior method of raiding funds over traditional methods. Rather than targeting rich venture capitalists, start ups can now easily receive investment from 1000s of ordinary people from around the world.
Funds raised from token sales just this year has reached $2 billion already, with many believing that this figure will continue to rise.
The Crowdholding platform
The project plans to offer 2 new platforms, the Decentralized Open Innovation (DOI) and Distributed Online Funding (DOF), with both being completed by July 2018.
Decentralized Open Innovation
This platform will aim to bring businesses and users together:
Companies will offer a % of their revenue paid in YUPIE tokens for help solving problems.
Co-creators will offer help with solving the businesses problems and receiving payment in YUPIE tokens, the value of the tokens they receive will be decided by public votes.
Co-creators who receive votes will start earning a salary in the cryptocurrency.
At the end of each financial period a % of the profit that the company makes will be distributed to the YUPIE token holders.
Distributed Online Funding
The new platform will also offer start ups the chance to raise funds with a token crowdsale:
A company will be able to post their idea and then they'll discover from users whether there's a demand for it.
After they've verified that their idea is good they'll then post their business concept for the users to check.
Once the business has received feedback from the community they'll have the chance to start their token sale on the platform.
The company can then start their marketing campaign with the help of Crowdholding.
The platform takes a 5% fee from the business listing their ICO.
How will the platform make money?
Businesses will pay users between 1-10% of their profits, the platform will then take a 10% fee on all money that the users earn.
The platform will also charge a fee of 5% to any company launching their ICO there.
Crowdholding ICO Details
- Total token supply: 631 million
- Tokens available during ICO: 284 million
- Minimum goal: $1 million
- Hard cap: $50 million
- Currency accepted: ETH, BTC
Conclusion
The Co-creator market has been growing quickly, along with the rise of cryptocurrency ICOs this should be a great market to target. Companies will have the chance to receive feedback on their ideas and then pitch for funding on the same platform.
The platform should have success in recruiting users, many will already be signing up after hearing about it indirectly due to their marketing efforts for the ICO and by offering a reward in YUPIE tokens it seems sure to attract users.
With ICOs raising so much funding recently I doubt the 5% fee that Crowdholding charges will be much of an issue for them.
Website: https://ico.crowdholding.com/#ico
ANN Thread: https://bitcointalk.org/index.php?topic=2082561.0
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1153986