Startups have become an integral part of the business world of this generation. These are brand new companies that want to make a name for themselves through new and innovative projects and usually start with very little start-up capital and uncertain prospects on a minimal level. For these reasons, the financial support of start-ups proves to be a challenge. Several financial institutions are reluctant to finance these deals as there is no concrete evidence of future profits or past records showing that they represent a solid investment. This leads to many lost opportunities of start-ups and could lead to a stagnation of the economic environment. Investment in start-ups could create new, innovative and potential competition in a market, SprintX provides a platform to finance startups through ICOs in conjunction with SwitchX and NOVA.
About SprintX
The virtual world offers startups countless opportunities. The system of cryptocurrencies and ICOs gives startups the opportunity to raise money easily, efficiently and without too many requirements. In addition, blockchain technology makes the whole process decentralized and transparent. SprintX will act as a bridge that connects start-ups with interested investors and provides them with the necessary technical tools and financial support to carry out their projects.The basic idea behind this platform is to create a kind of hub for startups and give them the support they need to establish themselves in the community and become self-sufficient. It will create an ecosystem that can give startups a chance they would otherwise lack in the real world. They will do this by bringing those who need resources to those who are prepared to provide funds based on their projects.
This system is made possible by SprintX and SwitchX, which allow startups to convert their cryptocurrencies into paper money and provide them with the necessary IC and crypto currency services. SprintX will focus on transforming the crypto currencies that the startups have raised into Fiat currency. SwitchX, on the other hand, will list newly created tokens on a stock exchange and make the token available for trading as soon as possible by indicating a value and making it available to other potential investors. Essentially, SprintX is an ICO launcher that works simultaneously with SwitchX, a multi-functional sharing platform, and NOVA, a platform that helps entrepreneurs create their own start-ups, creating a holistic ecosystem.
Technology
SprintX, SwitchX and NOVA together create an ecosystem for the benefit of businesses, investors and startups. They communicate and work in a combination to create a platform that is unique and efficient. The SprintX has a variety of features as ICO Maker and Smart Contract Generator. The first part of the process is that SprintX analyzes and evaluates the applications that they get from different startups to decide whether to startup with NOVA. Afterwards, it will provide ICO for the startup following the completion of the incubation process, along with Smart Contracts, Advisory, Digital Strategy and other ICO services.
NOVA and SwitchX will collaborate with SprintX as both a startup incubator and a crypto-to-fiat converter for these startups. Each section will play an important role in starting the startup using blockchain technology.
Conclusion
Business is currently lacking the support of financial institutions. This proves to be a hindrance to the capitalist economy, because perfect competition is not maintained. This leads to a lack of options for investors and clients and a lack of opportunities for entrepreneurs. With the help of SprintX this problem can be solved. SprintX will prove to be an important platform for budding potential entrepreneurs and startups. Its unique technology will enable the startup community to deliver a range of essential services and reach investors, start-ups and customers from a single source. Its holistic ecosystem gives it a head start and it will definitely prove beneficial to the economy.
WEBSITE https://sprintx.io/
whitepaper https://sprintx.io/docs/whitepaper-sprintx-en.pdf
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