SprintX is a start-up incubation platform for entrepreneurs and businesses with new ideas. The SprintX platform is based on the Ethereum blockchain technology.
Start-ups around the world face numerous challenges ranging from raising the needed fund and capital for their ideas to finding investors and then successfully taking their business public or listing on an exchange.
Finding a good ground to start and house their ideas plays a very important and crucial role in determining the success of start-ups and new businesses.
The challenges which start-ups face today are quite numerous which also accounts for why the greater numbers of start-ups fail especially in the first five years.
With the growing number of Venture Capital funds which are available to help start-ups with the most needed funds at the various levels of their growth, the challenge for the VCs remains how to exit their investments in these start-ups.
Start-ups in most jurisdictions cannot list on the stock exchanges because they do not have the needed history and financial background to list on exchanges which makes it difficult to get the needed funds for growth.
In the tech age, Initial Coin Offering for tech start-ups also lacks the needed incubation which they most need as start-ups. The currently available exchanges are rather costly and expensive for ICO start-ups.
It is in other to address these challenges which start-ups face that the SprintX blockchain solution was conceived.
An Exchange for Startups
SprintX would be offering an Ethereum blockchain solution for start-ups. The SprintX platform would be a decentralized platform which would be making use of the smart Ethereum contract.
To solve the problem of an exchange for ICO start-ups, SprintX is offering a cheap alternative for start-ups to get integrated to startup exchanges on the blockchain.
SprintX would also be functioning as a cryptocurrency and fiat exchange for start-ups.
To encourage the development of technology and ideas on the platform, SprintX would be a blockchain startup incubator for entrepreneurs and new businesses.
The multifunctional exchange solution which SprintX is making available to start-ups makes it a unique platform for launching ICOs.
SprintX Banking Solution
SprintX would be offering unique banking service on its platform for users. Users of the platform would receive a debit card which they can use at stores and pay points where cryptocurrencies are accepted as well as fiat currency. What’s more is that, these unique debit cards from SprintX can also be used for making transfers.
Tokensale
The SprintX token is a hybrid token. The token is built on the ERC20 token standard. The SprintX token symbol is SPTX. The SPTX Token has a total token supply of 299,000,000 SPTX.
The accepted currency is Fiat Currency and Ethereum (ETH) at an exchange rate of 1 ETH = 1,112 SPTX.
Conclusion
Taking advantage of digitalization to build an exchange for start-ups is quite a noble idea whose time has come and blockchain offers that most needed platform.
For new ideas emerging in the ICO space, SprintX offers a great incubation platform for entrepreneurs and new businesses. To learn more, kindly visit these links; website, whitepaper, telegram, twitter, facebook
Author – Coltpython
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