Many organizations have been looking for innovative ways to raise funding for their upcoming and ongoing projects. None of them has been as sensational and effective as the funds raised through Initial Coin Offerings or Token Sale. With the craze of cryptocurrencies spreading all across the globe, more and more investors have been looking forward to different token sales with the goal of getting a great return on investment. It is a concept very similar to Initial Public Offering that makes investing in ICO a familiar concept.
In a Token Sale, a startup or a new project involved in cryptocurrency raises funds from investors and in exchange gives them their own digital currency. These cryptocurrencies are made on a digital platform that has many characteristics which make it special. Platforms like blockchain are decentralized, immutable, safe and secure ecosystem and have a distributed ledger. These special features have attracted many different industries to create their own digital currency and indulge in the process of Initial Coin Offerings and Token Sale. Many big industries like financial institutions, health and wellness sector, event management industries, IT industry and the list is endless have understood the potential of digital currency and are going forward and making their own cryptocurrencies.
Coalichain is the bridge that empowers people to interact directly with their Elected Leaders, eliminating once and for all, the communication gap that exists between citizens and governments. Built on the Ethereum Public Blockchain, It is a Decentralized Application that ensures complete transparency and an immutable voting facility. For leaders, it is a revolutionary platform that connects them seamlessly to their electorate, facilitating opinion sharing and fundraising. It offers cutting-edge tools to perform surveys, polls and an array of other features designed to enhance public service efficiency. The main purpose of Coalichain is to empower people to control the democratic process. They help in eliminating the communication gap by bridging the gaps between citizens and government. It also allows Leaders to directly engage and know their people.
The Ethereum blockchain is a distributed virtual machine that allows end users to create smart contracts for transactions. Smart contracts are applications that are stored in the Ethereum blockchain. These contracts are cryptographically secure and can verify or enforce performance. Token contracts are a standard feature of the Ethereum ecosystem.
The ZUZ token is a crypto-currency that is tendered in the political arena. Its attributes are different from those of a financial crypto-currency : A financial crypto-currency is designed for general trade, whereas ZUZ is meant to facilitate governance What gives value to a financial crypto-currency is the matter which it can acquire, whereas the value of ZUZ resides in the information that it transmits. The message of a financial crypto-currency is the one of self interest; ZUZ promotes social choice and liquidity.
CoaliChain will give pre-sale and crowdsale participants the opportunity to be pioneers of this initiative through the pre-sale and the crowdsale phases. By collecting as many supporters as possible we will be able to build a more extended platform and to ensure its swift development and adoption worldwide.
Seems like a very nice idea. If governments will adopt it? Don't know yet, probably they're still afraid of the unknown.
Anyway, I will support any kind of change on the current political voting method. Good luck guys!
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