At one time, small startups could only rely on friends and relatives, perhaps even business angels, in finding seed money. However, the latest fashion trend to collect relatively small amounts is crowdfunding. In December 2017, on the American Kickstarter platform, within 19 minutes, the miniature board game Kingdom Death collected its first million, and at the end of the crowdfunding campaign, the sum was more than 12 million dollars.
CROWDFUNDING - a fundraiser from people who are not indifferent to a project or idea that occurs without the help of banks, stock exchanges or venture capital investors; In simple words, money is collected by ordinary people. The most famous crowdfunding platforms are Kickstarter and Indiegogo. Each of them has its own characteristics; for example, on Kickstarter collected funds can only be removed in. end of the campaign, while at Indiegogo it can be done at any time.
All platforms related to crowdfunding in recent years have not changed much; they have received few innovations, and therefore there are many problems and disadvantages in this direction. In order for crowdfunding to reach its full market potential, these basic problems must be solved.
With the advent of blockchain technology, many problems can be solved in the area of crowdfunding. Today we will speak about such a project that is trying to bring crowdfunding to a new level, the company is called Pledgecamp. Let's take a closer look at this project.
The company has been founded by Jae Choi, Eddie Lee and Sam Pullman, all of them Kickstarter crowdfunding veterans. The main intention of this new firm is to change the current crowdfunding model with a backer Insurance escrow model using smart contracts. Pledgecamp uses blockchain technology to promote trust and cooperation between backers and creators. Pledgecamp will give millions of entrepreneurs an opportunity to connect globally around their projects. Pledgecamp eliminates intermediaries and third-party services in the project process to save the creator’s money. The project provides complete functions, tools and services to make your campaign successful - creating an easy campaign for developers.
Currently, crowdfunding has a number of problems, the main problems of which are trust and inefficiency for participants and investors.
Today, many projects do not fulfill the declared promises and often do not treat their work with full seriousness. Because of this, of course, often projects just closing, and many investors simply lose their money and in no way can affect the project or team. Investors can not see the real numbers, but at what stage the team, in simple words there is no transparency. In general, investors tend to invest in projects that do not produce results. Some team members showed statistics that 85 percent of Kickstarter projects delay delivery of products, and 14 percent of these projects do nothing. In addition, they explain that the centralized platforms and the incentives they have do not correspond to what market participants are looking for.
In general, the project pledgecamp, and trying to solve these problems and not only.
This project has many advantages, I have identified several major, in my opinion.
= Pledgecamp uses blockchain technology allowing incentives to be aligned between companies and investors. In this way, creators are able to make campaign deposits and provide transparency by providing information about the business, the project and owners.
= Pledgecamp was able to raise $ 17 million dollars in a private round of financing.
= Transparency. Reputation project creators place security deposits and carry out KYC to earn trust.
= Accountability. Smart contracts secure funds in escrow, letting backers monitor and verify promised deadlines.
= Collaborative. Help projects, earn rewards.Token incentives empower a Smart Crowd to contribute more than funds.
= It is possible for new blockchains to create decentralized marketplaces and create incentives for the community. The company will be using their crowdfunding model with a marketplace for participants that want to contribute skills to startups.
= The project has very good partners, including Metalab, Since 2006, Metalab has helped some of the world’s top companies design, build, and ship amazing products and services. Past clients of the project: Slask, Coinbase, Oculus.
= In the future, the next generation of crowdfunding platforms will allow creators and investors to be aligned and build innovative solutions together.
= Pledgecamp include Backer Insurance to protect users, a token-reward driven economy that engages and aligns user incentives, and a focus on supporting entrepreneurs before, during, and after campaigns with services and partnerships that entrepreneurs will not find on other platforms.
= Very strong and professional team in the field of crowdfunding, several famous and influential persons are among advisors: Mark Zuckerberg’s sister, Ripple company vice-president, the prince of Saudi Arabia, the founder of TechCrunch, AirBnB operations director, early member and developer of Etherium, Bitfinex advisor, as well as 8 representatives of venture funds. In total, 18 advisors.
Token Name : Pledge Coin
Token Ticker : PLG
Token Type : ERC20
Price per PLG : $0.01 USD
Raised : Approximately 17M of our 20M hardcap, the remaining 3M is for token sale.
Public Sale Date : December 03 - December 21
Hardcap: $20,000,000
Total Supply: 10,000,000,000 Tokens.
Available for Token Sale: 75%
Recently, the sphere of crowdfunding is developing very well and is gaining momentum. There are very few competitors in the field of cryptocurrency in this launch. I have not seen anything like it. This means that the project has every chance of becoming a leader. I want to mention a highly qualified team. All these facts give the project a great chance of success.
Website : https://pledgecamp.com
White Paper : https://pledgecamp.com/__pdf/whitepaper-pledgecamp-9-23.pdf
Telegram : https://t.me/pledgecamp
Reddit : https://www.reddit.com/r/Pledgecamp_Official/
Facebook : https://www.facebook.com/pledgecamp/
Twitter : https://twitter.com/PledgeCamp
Instragram : https://www.instagram.com/pledgecamp
Medium : https://medium.com/pledgecamp
YouTube : https://www.youtube.com/channel/UCOciB0DFctSFT7hZTHoIuMA/featured
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