WHAT IS CROWDFUNDING?
Crowdfunding, as the name implies is a system where a large number of people) coms together to fund a particular project, an event, or a cause.
Crowdfunding Campaigns have been successfully carried out on many different types of projects, for businesses, charities, religious projects, etc.
Crowdfunding is a very important asset to businesses and charity as they could easily source for funds to carry out a worthwhile project.
WHAT IS INOCOIN
INOCOIN is a cryptocurrency based on a decentralized system, backed by the ethereum blockchain as an ERC20 token.
INOCOIN is a decentralized platform that offers both young businesses and investors alike a platform to interact freely, where everyone's anonymously is intact and every member of the community is allowed to share ideas and get funding from the communities involved.
Key Features
The INOCOIN platform utilizes two major algorithms for operation, these algorithm are locked up in two different buttons.
* LIKE BUTTON:
The like button is a button used to vote on which project the community would fund, since INOCOIN is community-based, everyone has equal opportunity to vote on projects they deem fit to be funded. It should be noted however that this happens once in every 3 months.
* BOOST BUTTON
Boost button can be used all the time. This button is the button used by community members to fund projects based not individual preferences which is collated together to obtain the preference of the entire community.
INOCOIN SMART CONTRACT
INOCOIN SMART CONTRACT is designed to bring startups together with investors. This smart contract works with an algorithm that ensures that startups, investors, partners, and shareholders alike interact in a community and everyone makes profit from the interactions, whilst INOCOIN TOKENS experience growth in price and acceptance.
INOCOIN TOKENS.
INOCOIN Tokens are ERC20 tokens built on top of the Ethereum blockchain to be used as a universal payment tool. It is a utility token, which is to be used in funding projects on the INOCOIN ecosystem. Having access to INOCOIN tokens gives one access to very exciting features of INOCOIN PLATFORM.
TOKEN SUPPLY
ROADMAP
MEET THE TEAM
INOCOIN BASED PROJECTS.
INOCOIN platform has some projects being backed by the community, they include:
1. InoPay:
InoPay is a universal payment instrument built entirely on blockchain technology. Makes it right for every trader from anywhere in the world to use the service for a monthly fee.
2. PhotoIno:
This is a revolutionary project that is based entirely on block technology.
PhotoIno is a project aimed at allowing users save their photos on the blockchain to ensure safety and security of photos.
3. CoffeeIno:
Through this platform users will be able to find locations nearby which are part of the CoffeIno network and offer free coffee. Users will be granted one coffee a day, with no limit on the number of locations.
You can Check out more Projects supported by INOCOIN using this Link
INOCOIN Platform is different from other platforms because they have a lot of functionalities and solutions tot he problems which most Crowdfunding platforms are having. Some of which are highlighted below:
- Transparency:
INOCOIN utilizes a foolproof structure and a system to ensure that there is no manipulation of resources or projects, using blockchain technology where everything happening in the system is recorded in the blockchain ledger real-time.
- Ease-of-access:
The bureaucratical approach to crowdfunding which is seen in other crowdfunding platforms where startups has to go through several process before approval of their funding request, but in INOCOIN platform, anyone can submit projects for funding easily.
- Scalability:
Using a decentralized system, scalability is guaranteed, Ethereum blockchain is being utilized by INOCOIN team, this ensures that everyone remains anonymous and is free to contribute to the community growth.
Suggestions to INOCOIN Team.
After my analysis of INOCOIN platform and the Token, I would therefore suggest to INOCOIN that they employ means to integrate faster transactions as that would be the major challenge that this platform would receive,by the way, the MVP is superb I must say.
This is my entry to INOCOIN writing contest, join here
https://inocoin.eu/
INOCOIN Website
INOCOIN WhitePaper
INOCOIN Discord Channel
INOCOIN Telegram Group
INOCOIN Facebook Page
INOCOIN Twitter handle
INOCOIN Bitcointalk ANN
INOCOIN Github link
INOCOIN Reddit link