Modern platforms do not care
I can clearly remember the first time when I found the proper gaming startup that I would like to fund. The team was complete, idea of the game were pretty straight and they even managed to involve several famous faces. In addition to my % of sold games, I should also get premium edition and some in-game stuff.
I was not alone and many other people decided to fund this startup too. And we all were just about to lose all our money. It got suspicious when MVP, which should be released in two months after the end of crowdfunding campaign, was not released in time. Team wanted us to wait two more weeks because they need set some improvements. They have ruined this promise too. In about three month of telling lies we all get that our money was stolen and there will be no game at all.
Our best attempts were failing, because major name from gaming industry were not really involved in the project – team had just used their photos. We it became absolutely clear that entire campaign is fraud, we tried to contact the crowdfunding platform representatives. “It is not our responsibility” – their answer was pretty clear.
Some of us started to finding any legal outs for such situation, but it appeared that platform do not response for funding, they just care about getting some part of collected money. We could not blame them, because we did not even try to check anything about the team and look for some proofs. However, I am sure that crowdfunding environment should be clear and safe and, of course, free of fraud. Several years ago, there were no way to solve such issues, but today, with Web 3.0 era and blockchain revolution on its rise, we do have proper tools.
Why MOOLYACOIN?
There are a lot of different projects that promise to provide you with save crowdfunding environment, but Moolya have one major advantage: they completely control the entire process.
Teams, who need investors, post their project and wait for them. Teams have to set straight and real milestones, which should be completed in time. In other case, they do not get more funding. All the money are not transferred to team directly, they all stored at MOOLYACOIN until new milestone would not be compete. It means that team cannot get any money, if they did not manage to complete the goal, which they have set on their own in time.
Some of you may say that it is terrible and sometimes teams need additional funding and so on, but there are too many startups and almost none of them are reliable. Teams get money and start feeling relaxed, they starting to slow down the development process and they do lose their motivation.
The entire system is powered by blockchain and smart contracts, which means that none of the parties are able to change milestones or any other information. Human factor is also almost eliminated. If you are interested in safe crowdfunding, then you should visit MOOLYACOIN website to find out more!
Links:
Website: https://moolyacoin.io
Whitepaper: https://www.moolyacoin.io/whitepaper/
Ann Thread: https://bitcointalk.org/index.php?topic=4559208
Telegram: http://t.me/moolyacoin
Author: https://bitcointalk.org/index.php?action=profile;u=1334788