I have participated in several ICO Campaigns and the main challenge I have seen affecting start-ups in this market is the lack of a effective crowdfunding campaign.
Crowdfunding is time consuming and requires research, preparation and implementation of the crowdfunding processes with minimum errors. I have seen start-ups start crowdfunding campaigns without expecting flooding of question, investors, partners and participants. This makes the crowdfunding campaign overwhelming for the start-up and might lead to problems such as lack of manpower to processes transactions, lack of transparency as the founders try to process transactions in the best way they can and not expose their problems and many more.
Recently we have seen a growth of crowdfunding platforms to fill the gap and empower start-ups by providing them tools that they need towards conducting their crowdfunding campaigns. One of them is Crowdsale Network, an ICO accelerator and a crowdfunding platform that plans to make the operational processes effective and transparent to every participant.
Crowdsale Network targets the growing market of ICO campaigns which have currently raised more than $5 billion last year and in 2018 so far more than $5 billion has been raised as of August 2018. This is a vast market for Crowdsale Network where it plans to offer solution to existing problems such as reliability and inefficient spending of crowdsourced funds.
(Video Source: YouTube - A unique pre-ICO projects selection algorithm with Crowdsale Network)
As an investor the most challenging part when investing in ICO is the number of scam projects and poor projects which are estimated to be one out of five, I’m very cautious as this statistic scares me and I have to conduct my research and analysis of the project for more than a month before investing in ICOs, I have my measures that include backgrounds checks, viability of the business idea, the team behind the projects, their skills and experiences in the blockchain industry among others. In a recent Research by ICO Advisory firm Statis Group it is estimated that 80% of ICOs in 2017 were scams and more than $1.34 billion was lost to scam projects. With the rise of Initial coin offerings, the numbers are increasing every day.
The Crowdsale Network will empower start-ups through tools and features that will make crowdsourcing operation a simple process that is cost effective, transparent and instill confidence to the investors. Start-ups that would like to manage their crowdfunding campaign on the platform will have to apply with accounts of the requirements of the platform. With a decentralized expert team from various CSN Labs offices will provide assistance in handling the operations of the bounty campaign leaving the founders with time to worry but project development and other strategic issues. Crowdsale platform currently hosts several Initial Coin Offerings campaigns on its platforms as seen in the pictures below:
Crowdsale Network targets start-ups working on innovative fields such as artificial intelligence, medical fields, Internet of Things, education, renewable energy and Augmented reality among others. Crowdsale Network will allow participants to create their own networks in the main framework that allows investors to participate through proof of work, proof of stake and roof of activity algorithms during the crowdfunding period. Start-ups will be able to conduct their communications through webinars, online communications with tools provided by Crowdsale Network platform.
In the event of a successful Initial coin offerings, the start-up will use CSN Tokens to pay for their services with a percentage of the earning being distributed to holders of CSN Tokens, Crowdsale Newtork has minted CSN Tokens from the Ethereum network to make use of smart contracts to process transactions automatically in a transparent and secure means of distributing funds to token holders.
For more information about Crowdsale Network and an opportunity to check on start-ups using the platform for their crowdfunding campaign please check out the platform's website https://crowdsale.network
When registering on Crowsale Network Platform, you can use my username (jamesndungu) as an Inviter.
Check out the platform's social medial pages in the links below:
TWITTER: https://twitter.com/csn_platform
TELEGRAM: https://t.me/crowdsale_eng
FACEBOOK: https://www.facebook.com/crowdsalenetwork
YOUTUBE: https://www.youtube.com/channel/UCkkAHVGMCm1rkPZZ-yUFv2A?
MEDIUM: https://medium.com/@csn_platform
ANN THREAD: https://bitcointalk.org/index.php?topic=3309465.new#new
REDDIT: https://www.reddit.com/user/crowd_network
All images credited to Crowdsale Network Official Website
Author: jamesndungu1
BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049
