The Promise and Pitfalls of Crypto Crowdfunding
CoinSummit London saw a number of notable speakers, panels and announcements during its two-day run this July, but those issued by Swarm, a crowdfunding platform that seeks to use cryptocurrency to empower industry businesses, may have passed under the radar. During a party to celebrate its efforts, Swarm announced campaigns for several initiatives, including an effort called SpaceBit that seeks to send remote-controlled satellites into orbit, and a kale farming collective that is raising cryptocurrency to grow its health-conscious snack business. Both projects highlight how cryptocurrency....
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Tokenized platforms such as Ethereum have an incentive to hype the technology to increase the value of the token, says a new report by Tieron, a company that claims to be the first to complete a Blockchain healthcare project in 2015 having been the first partner in Philips Blockchain Lab. This is a part of the hype overload cited among the pitfalls presented by the Blockchain technology which Tierion’s Blockchain Healthcare 2016 Reports – Promise & Pitfalls says are more than its promises at this early stage. It adds that the hype around Blockchain has led to misinformation and....
ING Bank, just as any other, is just an unnecessary middleman between you and many crowdfunding options. Today, we have things like the Lighthouse, WeiFund or Koinify, which try to help those seeking to receive crowdfunding for interesting projects. There is no need for using centralized crowdfunding anymore, nor is there a need for banking assistance in....
In Bitcoin, the promise of a limited supply is great. This was one of the biggest things that initially appealed to me when I heard about Bitcoin. “No more than twenty one million bitcoins will ever exist!” But can this promise be kept in the long run? Has the Promise Already Been Broken? Some would […] The post 21M Bitcoin and the....
The U. S. Securities and Exchange Commission (SEC) announced regulations allowing crowdfunding for newer and smaller companies, which could help support bitcoin startups. These could allow companies still struggling to raise capital to gain access to funds even from alternative sources. Prior to this regulation, companies could usually raise a significant amount of capital by issuing stock or securities to wealthy individuals only after undergoing a thorough and expensive registration process under the SEC. This has been a barrier to market entry for some, as not all startups have enough....
Altcoins are the next best thing after bitcoin. They come in all shapes and sizes, and they are usually designed for a specific use. Development of altcoins can be attributed to the success of bitcoin and the open source technology that powers the bitcoin network. The concept of crowdfunding has been around for a long time even before the term itself was coined. Crowdfunding involves raising money from a large number of people. One of the best examples of crowdfunding during the pre-internet days is the construction of the Statue of Liberty. Funds required to build the huge statue was met....