Pledgecamp becomes the seventh project to get listed on OKEx’s token sale platform

Pledgecamp leverages the blockchain technology and smart contracts to disrupt the billion-dollar crowdfunding industry

Pledgecamp (PLG) is going to be listed on the OKEx. OKEx is the largest exchange ranked by CoinMarketCap (by adjusted volume). In the process, Pledgecamp will become the seventh token sale on OK Jumpstart - OKEx’s token sale platform.

What is Pledgecamp?

Pledgecamp is a blockchain-based crowdfunding platform which is looking to disrupt the multi-billion dollar crowdfunding industry. Pledgecamp combines traditional crowdfunding with the blockchain technology to create a system, dubbed Crowdfunding 2.0. Pledgecamp will leverage smart contracts to create an escrow system called “Backer Insurance.” This system will protect investors during the crowdfunding process.

More details about the OKEx token sale

The first subscription session for the token sale will open at 06:00 (CEST, UTC+2), and the second session will open at 07:00 (CEST, UTC+2). During the listing, the PLG tokens will be going for $0.0025/token.

This is big news for the fact that OKEx will open up even more avenues for Pledgecamp. Plus, having a prominent exchange like OKEx to vet the project will help create credibility with all the new potential investors.
Addressing the community FUD around the listing

Pledgecamp is aware that there is some dispute in the community regarding the OKEx IEO. The main point of contention is that during their private sale, where they raised $17 million, 1 PLG was selling for $0.01/PLG. However, currently, the PLG tokens are going for $0.0025/PLG, which is nearly a quarter of the private sale price. As such, they wrongly feel that they are being cheated.

Why the FUD is baseless

Pledgecamp understands the value of a strong community. In fact, having a healthy and collaborative community lies at the very core of Pledgecamp’s decentralized crowdfunding platform.

They had no intention to alienate their previous investors by decreasing the token price. However, it was a necessary step that they had to take to make sure that some form of uniformity is maintained. During the private sale, Ethereum was trading for $700-$750, and currently, it is selling for $185 - $190 - which is ~4 times less. This is the reason why PLG tokens are going for 4 times less ($0.0025) than what it was going for during the private sale ($0.01).

Conclusion

Pledgecamp’s main goal right now is adoption. The way to do that is to reach out to as many people as possible and get more potential investors. The OKEx IEO will provide the credibility and liquidity necessary to attract more investors and startups into the ecosystem. Plus, the pricing of the PLG token during the token listing may cause short-term turmoil, but it will eventually even out the economics in the long run.