INTRODUCTION; Problem Associated With Starting Up A New Blockchain Project
Fund raising is an important aspect of any successful project as the money will be used for solving other issues like; getting marketers, designers, developers and most importantly, advisors. The funniest part is that; at a point in the job interview, those folks are going to say, “Show me the money,” which brings us to an important point. However, getting funds is very tasking since it requires a lot of time and efforts. Interestingly, there will be an end to this through the innovative ideas brought by inoCoin.
inoCoin And Its Intending Impacts; Crowdfunding.
Crowdfunding is the practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the Internet.
Wikipedia
InoCoin is a crowdfunding, payment and an investment platform based on the blockchain with the sole aim of bringing investors and innovators into a close contact, thereby connecting and enabling them to improve upon new or existing technologies, hence making the world a better place.
In other words, InoCoin can be said to be a decentralized investment platform that creates an avenue for both innovators and investors to interact freely and share ideas which subsequently creates opportunities for getting funds to actualize one's ideas, particularly for blockchain based innovations that require funding-basically, this is what the project is mostly all about.
How It Works
On the inocoin platform, two buttons are made available as regards contributing to a new or existing projects. "I will call this L and B button."
L is to Like
B is to Boost
The L button is the first and it will allow the community to vote regarding which project
should be financed which occurs every three months when the managerial team redirects
InoCoins for project funding.
The B button is the second available button on the platform that allows investors to fund projects on an individual basis. Each project an investor contributes details how he will benefit from it.
Benefits Of The InoCoin Platform
When compared to other crowdfunding platforms, InoCoin is decentralized thereby making it a more trustworthy platform in the sense that it is NOT governed by a single set of people and this will disallow stealing of another person's idea.
It creates an avenue to get acquainted with everyone on the platform and allows the right projects to be funded based on the vote from the community. In this aspect of funding, everyone's identity is concealed and there is no form of bias.
INO tokens
1 INO token = $0.61 at current market rate.
InoCoin is a cryptocurrency or virtual money backed by the ethereum blockchain as an ERC20 token.
With the INO tokens one can make easily make payments and perform other operations on the InoCoin platform with transaction fees relatively cheap compared to the traditional means or other crypto tokens.
Token supply
As at now, only 1 billion INO tokens are available for distribution in the crypto markets, 200 million are available to contributors and 10 million are bound for the team, advisors, bounties etc, while 300 million will be kept for financing new projects during 2018 and 2019.
The remaining 490 million INO tokens will be kept as a reserve and locked for one year, for developing partnerships and future acquisitions and thereby become a dominant market leader.
Analysis from Inocoin Whitepaper, pg 9
Road Map
This consists of their Present & future plans
Summary & Conclusion
Based on the fact that getting funds to start or continue a project can be very tasking, many innovators with great ideas are unable to accomplish their mission or even present it to the world for some little supports..
However, with the solutions InoCoin is bringing into the blockhain system, the ideas of these innovators will be tapped into and presented to the world for proper funding.
For More Information Visit
InoCoin Website
InoCoin Telegram
InoCoin Discord Channel
InoCoin Facebook
InoCoin Twitter
Bitcointalk ANN
InoCoin Github
InoCoin Reddit
InoCoin Whitepaper
Join the InoCoin Contest here.