An Overview of Modern Crypto Crowdfunding Mechanisms
Since 2013, the primary way new blockchain projects were funded was through a type of crowdfunding system known as an initial coin offering (ICO). In an ICO, early-stage blockchain projects would issue and sell tokens to investors, who usually get first access to these tokens — generally at the best available prices. As the project built out its product, these tokens would often grow in value considerably, netting substantial returns for investors. However, due to […]
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Kickstarter and Indiegogo aren’t suitable for modern crowdfunding according to Ram Budime, the Business Development Manager of Gok!llo, a new bitcoin-powered crowdfunding platform. CoinTelegraph spoke with Budime on their innovative approach to crowdfunding, why volatility isn’t a concern, and why traditional platforms are set to be disrupted. Gok!llo is a crowdfunding platform that uses bitcoin as a cheaper alternative to traditional payment methods increasing security and reducing costs for project originators. It is incorporated on the Isle of Man and will file for its equity....
A look at the securing mechanisms of the global monetary system millions entrust their value with.
Escrow is a widely used legal concept where a third party holds assets or funding on the behalf of the two other parties according to a predetermined set of conditions. Escrow helps ensure that both parties deliver before the transaction is completed. The concept of escrow is popular in the traditional financial ecosystem, especially in the real estate industry. However, Escrow Protocol aims to introduce the time-tested concept of escrow to the blockchain industry and optimize the crowdfunding process. Crowdfunding is an important part of project development as it connects the project with....
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....
A quick scan of any popular cryptocurrency forum will reveal numerous announcements for crowdfunding campaigns intended to support the launch of a new altcoin or decentralized application. In these crowd sales, digital tokens associated with the application (called “appcoins”) are sold to early adopters in an effort to raise capital for the new project. The hope of many who purchase appcoins in a crowd sale is that the price of the coin will go up significantly if the application becomes widely adopted. In response to these crowdfunding campaigns, some have warned that certain appcoins....