WHAT IS PLEDGECAMP?
Pledgecamp, found online at https://pledgecamp.com/, is a blockchain powered crowdfunding platform that connects investors and creators in an all-new trustless way. In the system, invested funds are protected by a smart contract, assuring their safety.
Pledgecamp uses blockchain technology to be the first to offer Backer Insurance, an escrow wallet system that enables clients to self-direct without requiring middleman. A native token likewise boosts commitment with the stage, and adjusts all clients to act in light of a legitimate concern for the gathering all in all. These enhancements will be basic to settle crowdfunding towards a dream of worldwide innovation.
The Pledgecamp's Backer Insurance aims to protect users, a token-reward driven economy that engages and aligns user incentives, and a focus on supporting entrepreneurs before, during, and after campaigns with services and partnerships that entrepreneurs will not find on other platforms. Pledgecamp will give millions of entrepreneurs an opportunity to connect globally around their projects.
Pledgecamp intends to solve inefficiencies for participants and investors of crowdfunding campaign. In general, investors tend to place funds in projects that fail to deliver results. Cumming and Hornuf wrote that 85 percent of Kickstarter projects delay product delivery and 14 percent of these projects does not deliver anything at all.
HOW IT WORKS?
Pledgecamp uses blockchain technology allowing incentives to be aligned between companies and investors. In this way, creators are able to make campaign deposits and provide transparency by providing information about the business, the project and owners.
Investors will be assured with Backer Insurance smart contracts. These hold the native tokens in escrow for funded projects. In this way, backers can vote for pre-determined milestones to be approved and receive part of their funds back if the project is not able to deliver them on time.
TEAM AND PARTNERS
Pledge Camp is founded by Jae Choi, Eddie Lee and Sam Pullman, all of them Kickstarter crowdfunding veterans. Several famous and influential persons are among advisors: Randi Zuckerberg (Founder and CEO of Zuckerberg Media), Matt Crucio (Ripple VP), Keith Teare (Founder of Techcrunch), the prince of Saudi Arabia, AirBnB operations director, early member and developer of Ethereum, Bitfinex advisor, as well as 8 representatives of venture funds. In total, 18 advisors.
PLEDGECAMP TOKEN
Pledgecam tokens, PLG, or Pledge Coins, are used for backing campaigns, placing deposits, holding value in Backer Insurance, exchanging services between network participants, and for staking in order to earn specialized roles and earning opportunities.
According to the Whitepaper, PLG token supply is 10,000,000,000. The token will be distributed in the following manners:
- 55% - Community reserve
- 20% - Public distribution
- 15% - Platform reserve
- 10% - Company, team, advisors, future employees (12 month vesting)
In term ICO, the information on the Pledgecamp project is limited, the founders don’t disclose information on the conditions of participation in project financing. However, Pledgecamp was able to raise $17 million dollars in a private funding round.
CONCLUSION
The number and level of investors/advisors indicate that there will be high hype around the project. The project provides full features, tools and services to make your campaign successful, providing effortless crowdfunding campaign for creators. Pledgecamp will give millions of entrepreneurs an opportunity to connect globally around their projects.
For more information:
Website: https://pledgecamp.com/
Whitepaper: https://pledgecamp.com/__pdf/whitepaper-pledgecamp-9-23.pdf
Bounty0x Username: jokowaru
No comments:
Post a Comment