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Increase in the Crypto Market Cap of Nearly 800%
2017 has been the year of cryptocurrencies with the market cap increasing nearly 800%. Some coins have grown so drastically that it left many people incapacitated when looking at the almost vertical charts. Although cryptocurrencies are still in the beginning stages, one feature that has already proven itself, is the ability to use coins and tokens for fundraising. This is also the reason why we have seen such exponential increase in the market cap and in prices.
Problems with traditional crowdfunding
The traditional way of crowdfunding has grown out of context with high fees for using crowdfunding platforms, restricted accessibility in some countries, and quite frankly, fraud and over exaggeration in value and success of campaigns. The problems also include lack of clarity in taxation of funds, poor KYC and AML policies, and almost no support to help promote campaigns.
These are the reasons businesses have found issuing their own cryptocurrencies and launching an ICO (Initial Coin Offering) as a much better alternative for raising funds than traditional crowdfunding.
Using cryptocurrencies for fundraising gives businesses the opportunity to receive funding without having to pay considerable fees to crowdfunding platforms, while remaining in complete control of the whole campaign. The decentralization behind many cryptocurrencies also provides an extra layer of security and less involvement by regulatory authorities, making the process more efficient.
That’s the reason why many fintech companies were able to raise a lot more with ICOs during the first half of 2017, than they did through venture capital.
Problems with the current ICOs
The ICO process is far from perfect. For people new to this technology, creating their own coins and launching a crowdsale might seem like a daunting process. After all, they need to develop their platform, customize their coin and create a wallet, in addition to the traditional processes including marketing and legal operations.
CoinStarter – Helping ICOs Succeed
CoinStarter is a platform that tackles the problems with traditional crowdfunding as well as the ICOs head on. It is a first of its kind technology platform for the ICO crowdfunding market. One of the main purposes of this platform is to bring ease-of-use to the complex world of ICOs and creating the best solutions for launching a coin sale.
CoinStarter proprietary software allows users to create a coin and launch a fundraising campaign in minutes, as opposed to the days or weeks required by other crowdfunding platforms. Our platform also provides businesses with tools that help them succeed in their campaign.
From the launch of the ICO to the distribution of coins, CoinStarter is there to make every step easy and intuitive. They are not throwing ICOs out to the jungle, hoping that maybe they’ll survive. They give them all of the necessary tools and guidance not only to survive but to succeed.
The CoinStarter community already has over 140,000 loyal ICO enthusiasts who are all anxious to participate in the CoinStarter economy and will get the word out about upcoming ICOs. This will greatly reduce the cost of marketing, PR and community involvement.
By receiving funds in cryptocurrencies, the businesses using CoinStarter platform automatically have access to the entire world, while cutting out the inefficiencies of middlemen.
CoinStarter members are able to take advantage of a unique set of tools to help them launch their ICO. These tools include Businefy and CoinStarterBox.
Businefy
Businefy is a powerful analytics platform that gives businesses the ability to manage all aspects of an enterprise or crowdsale campaign from project and client management to hiring, payroll and much more. This online toolkit can easily help any blockchain enterprise reach new heights, be it an early-stage startup or a growth-stage company.
CoinStarterBox
CoinStarterBox is the first ICO Coin subscription service. Every month, subscribers receive carefully curated coins from the best ICOs according to the preferences of the users. This gives members a fun and easy way to find promising ICOs and receive a variety of coins significantly below the retail price.
The best ICO projects can provide some of their coins to CoinStarterBox, which will be distributed to the subscribers. This gives blockchain businesses the opportunity to reach a dedicated community of crypto-enthusiasts, who are actively looking to participate in ICOs and will be happy to provide feedback on the project.
Community
The whole CoinStarter ecosystem is built to make launching and operating an ICO as easy and efficient as possible. It provides projects with all of the necessary tools, that’ll help their campaign succeed. Above that, CoinStarter is also building a community of cryptocurrency enthusiasts. There are currently around 140,000 community members around the platform who are all eager to participate in exciting ICOs.
Conclusion
CoinStarter is here to make raising funds through ICOs easy and intuitive. It solves the issues surrounding traditional methods of crowdfunding, including high fees, lack of control, and transparency making the complex world of launching an ICO simple, while providing a suite of powerful tools and a supportive community.
In addition, CoinStarter makes participating in ICOs fun and simple, giving people a never before seen ability to receive coins and tokens from the best ICOs every month, allowing subscribers to the CoinstarterBox to be a part of the next bitcoin or the next ethereum without having to do an in-depth analysis. Instead, coins and tokens are simply depositied into the subscribers’ wallets every month, giving them an easy way of becoming involved in the world of cryptocurrencies whilst backing new and interesting companies.