Crowdfunding is one of the most acceptable ways to raise funds for a business. Usually, start-ups will conduct crowdfunding campaigns to generate funds for their business or their new projects: backers or the individuals who invest the funds in the company. Before starting the crowdfunding event, the companies will set their target, and if the funds collected from crowdfunding have not met the limit, the companies will return the money to the backers.
Upon digitization, Crowdfunding campaigns have started happening in the Internet forum. Crypto – crowdfunding is a new concept in the market. Digital currencies are used in crowdfunding activities that are supported by different crowdfunding platforms. This blog will give insights into the Cryptocurrency crowdfunding platform.
Crypto-crowdfunding is similar to the standard Crowdfunding concept. But the difference is that crowdfunding happens on the Internet, where the companies raise funds using cryptocurrencies. The start-up or the company will issue a notice before the Crowdfunding campaign. If the target is not met, the cryptocurrencies collected from the investors will be returned to them. In case if the received funds are more, the company will offer rewards to the investors. There are three types of Crypto -Crowdfunding. Let’s have a look at the types of crowdfunding,
ICO stands for Initial Coin Offering. It is one of the essential crowdfunding options. It is a platform where the investors will exchange the tokens.
Any company or a start-up hosting a crowdfunding event will first release their documents on their website, and it is available for the common public. The document will explain crowdfunding and the need to go for it. Crypto-Crowdfunding is more like a token exchange event. Tokens are nothing but crypto tokens purchased by the investors in exchange for their crypto tokens. In crypto – crowdfunding, cryptocurrencies are like Bitcoin, Ethereum, etc. are used. ICO is a gateway for cryptocurrencies to be launched in the market. If the business owner gets a lot of funding from the public, they offer them rewards. There are two types of ICO,
Public ICO – A Public ICO is open to the common public. With this, any individual is encouraged to invest in a company.
Private ICO– A private ICO allows only reputed investors to participate in crowdfunding. The number of investors is also limited in this type of ICO.
Initiate your crowdfunding platform development with us
ICOs are usually conducted to raise funds for the company. So, the main target of the event will be the investors. Before the commencement of ICO, the companies have to send a notification regarding this. Followed by this, the team has to work on the documents to give a clear-cut picture of the event.
Prepare your tokens:
The next step of ICO is to prepare your tokens. Tokens are different from cryptocurrencies. Tokens are modified versions of cryptocurrencies, and these are prepared as an asset in the blockchain. An important thing to note here is that tokens do not provide equity or stake for the company property. These tokens can be created easily through blockchain technology. With the already existing cryptocurrencies in the blockchain, you can prepare your tokens with minor modifications.
Promote your event:
Now, it is time for you to promote your campaign. You can reach out to your investors in many ways. You can also advertise on social media and gain investors for your company.
Distribute the tokens:
The tokens are distributed to the investors in exchange for their crypto tokens. With the invested tokens, the company can launch its new project or business.
Develop a cryptocurrency crowdfunding platform with Appdupe
The crowdfunding platform has become for all, and anyone can create their crowdfunding platform. Many crowdfunding platforms generate a viable income through the platform. A crowdfunding platform is a sustainable business with the raising of funds for the company. You might wonder what it’s going to offer the platform? There are two ways to earn profits. One is collecting the fees from the companies to conduct their crowdfunding on the platform, and the other is getting a part of the funds at the end of crowdfunding. Since the funding is wholly based on the platform, you can note the investments and funds collected by a company. A part of a minimum share is given to these platforms.
Appdupe will be your perfect destination to develop your crypto-crowdfunding platform. Being a pioneer in blockchain technology, we can assist you in launching your platform for crowdfunding. We offer a ready-to-launch ICO clone that is pre-built to start your venture. What you get as a product is an ICO clone Website to conduct your crowdfunding activities. Along with the website, we also offer you tokens created through blockchain technology.
The structure of our ICO clone crowdfunding platform
Here’s how our ICO clone platforms work,
A trading engine- A trading engine is nothing but software that acts as a ledger to store all the open orders, transaction history and buy/sell tracks.
A User interface website- the users of your website will be your investors—they access your website for their reference. So, a user-friendly website is essential, making it easy for the users to access their transaction history, and it should also be transparent to show all your exchanges. You will also get a mobile application for the users to access you from their mobile phones. They can register their details and use their mobile app.
All your transactions are going to happen in cryptocurrencies. So, you need a governing body to handle the transactions. We provide you with a crypto wallet to keep track of all your cryptocurrencies. It is a highly secure way to store your cryptocurrencies.
Last but not least is to have back-end support. Back-end support comes in the form of an admin panel through which you can take managerial control of your platform. You can also manage your currencies and access the user’s request to credit or debit the fiat currencies.
On a concluding note
As a march towards digitization, cryptocurrencies have occupied the market. Now with further development, crypto crowdfunding is going in pace. Appdupe will be your one-stop-shop for developing an out-and-out crowdfunding platform. If you are pretty interested in us, visit our website for more information.
Connect with our expert team to develop your own platform for ICO
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