With blockchain technology irrupting each day more and more in our lives, Initial Coin Offerings (ICO) have been one of the most widely used words for those of us merely interested in this new world that’s opening in front of us, and offers millions of opportunities for entrepreneurs, innovators, business persons, programmers and thousands of Jobs in the future.
ICOs throughout the last year have increased its use exponentially as a new method of leveraging and financing for new start-ups, mainly those promoted by venture capitalists which are developing new blockchain-based business models. 2017 has been the definitive year for ICO to rise and boom in the market with Over $3.7B raised by 235 Startups.
An ICO, or “Initial Coin Offering” allows investors to support new initiatives using cryptocurrency and principles of crowdfunding. During an ICO’s crowdsale, participants purchase project-specific cryptocurrency tokens (or “ICO coins”) as a form of investment in the company. Just like an IPO, an ICO represents the first stage of a project going public.
In a nutshell, projects launch an ICO by issuing crypto-tokens on the blockchain (usually the Bitcoin or the Ethereum blockchain), giving early investors the chance to acquire tokens in exchange for cryptocurrency.
Unfortunately, ICO and crowdfunding are still nascent and still face many challenges which make investors reluctant to pour their money into the project. As is with blockchain itself, expert opinion is highly polarized on the crypto–token crowdfunding hype, its reliability, its legality and its future. Many view ICOs and crypto–token sales as fraudulent schemes for a quick money grab. Some of the startups have raked in millions of dollars with barely more than a promise and a website; several have failed to deliver on those promises.
Secondly, a large number of campaigns are subject to massively miscalculated or over exaggerated projects both in value and success. Third problem is the accessibility of crowdfunding projects which is notoriously restricted and is only available in specific locations and often times opened only to specific qualified groups of people.
Yet another problem is the commission taken by third parties which is increasingly detrimental with some crowdfunding organizations taking up to 25% of the raised funds.
All of these problems combined have led to an increasing amount of uncertainty and fueled a lack of confidence in the traditional crowdfunding market.
CoinStarter is the perfect solution to these traditional crowdfunding problems.. Coinstarter is created to tackle these problems within the crowdfunnding market and challenge them head-on. By using a unique technology set, CoinStarter’s custom developed system will provide Entrepreneurs, Creators and Innovators access to the funding they need while allowing an army of global backers to take part in helping develop groundbreaking new ideas.
CoinStarter is a first of its kind technology. The user-friendly platform is the perfect fundraising tool that addresses all the issues of the crowdfunding ICO model. With the help of their proprietary software, users can launch their campaigns and coins in just a few minutes as opposed to the days, weeks and months required by other crowdfunding platforms.
The platform has risen to be the largest ICO Funding Community and the biggest new generation Blockchain Growth Promoter and Business Facilitator for companies seeking to sell their products via ICO crowdsales.
You can launch your ICO campaigns, List your campaign, create a smart contract, raise funds or contribute to other startups right inside the CoinStarter platform.
It has some of the best group of people running this platform, led by the CEO and founder -Cornell Holloway. https://www.linkedin.com/in/cornellholloway/
Coinstarter also comes with some other unique services called CoinStarterBox and Businefy..
CoinStarterBox is a unique services and the first and original ICO Coin subscription service. Every month you will be sent carefully curated coins of the best ICOs to members’ Ethereum Wallet. This service makes it fun and easy for members to find promising ICOs and get some of their coins significantly below retail prices.
Businefy on the other hand is a unique business analytics platform that provides all the essential software applications to fully manage all aspects of an enterprise or crowdsale campaign from project management to hiring to payroll and much more. Best of all, users can access all of Businefy’s services with CoinStarter Coins (A purpose-built Coin using the CoinStarter network that will allow members to take an active role in the development of the company).
By transferring Coinstarter Coins onto their Businefy wallet, they can use applications available throughout the Businefy ecosystem.
Businefy is a powerful utility that will help the community grow any enterprise or campaign from early-stage startup to growth-stage company. Businefy is committed to Blockchain innovation. The robust service not offered by any other competing platform.
Be a Contributor and Reach thousands of Other Contributors with Your campaign......
CoinStarter is the right place to run your campaign and also find a prospect projects that need support. Here you can run your own campaign or earn tokens by accomplishing bounty tasks or contribute some crypto in development of a project, and get tokens in return.
CoinStarter is already up and running in Beta with over 170,000 active members who are real coin enthusiasts. With this You quickly reach over 170,000 loyal ICO enthusiast that will get the word out about your upcoming ICO. The cost of marketing, PR and community involvement reduced by the presence of an ever-growing audience.
The CoinStarter platform helps solve many issues in raising funds for your project. By receiving funds for your project in cryptocurrency, you automatically have access to the entire world. The platform eliminates all the inefficiencies like financial institutions and intermediaries.
CoinStarter can complete development of the first stage of its technology and be ready for a full launch out of Beta sometime in late February 2018.
Creating Your Campaign......
The CoinStarter platform has an easy to navigate and a quality user-friendly structure that lets you list your campaign and also let other people find what they want with no effort.
All you need to start is a draft of your campaign, Once you described your startup campaign and it looks valid, it will be showed to the thousands of contributors that visit CoinStarter. This is a great place to show your project to the vibrant blockchain community.
You can literally launch a campaign in minutes compared to days, weeks and months. You are provided with the framework and the proven formula, so you don't need to make the mistakes others make in launching a new campaign. The CoinStarter software makes launching a campaign easy and very user-friendly. The system is self-explanatory and designed so that you do not need technical experience to get going.
Promoting Your Campaign......
Once your campaign is ready and verified by CoinStarter, you can mention it in online media and lead traffic to your startup.
Funding Options for the CoinStarter platform.....
There are two funding options on Coinstarter and you can take advantage of either of the two.
Set Funding
All funds returned if the project doesn't meet the stated goal. For projects with strict minimums, this option can give the creator more comfort if the campaign doesn't go as expected. This option would automatically place the funds on hold until the campaign ends.
Flex Funding
All funds are kept by the project creator even if the project doesn't meet its stated campaign goal. Flex is the most popular funding campaign choice.
Start your coin based fundraising in minutes and take advantage of these unique tools and services. Use CoinStarter's technology to issue automated smart contracts without coding and distribute coins to supporters. The technology is based on Ethereum and Bitcoin and this will allow supporters to use over 50 different altcoins to help your project come alive.