Featured: CryptoProfile Launches A Platform To Reform Blockchain Industry
CryptoProfile has developed a platform that will address crypto issues related to Initial Coin Offerings (ICO) in the blockchain industry. This new platform is set to provide crypto companies an opportunity to host legitimate token generation events in a risk-averse manner.
In the present cryptocurrency market, genuine ICOs fail too often because of poor technical execution or defective business models. This has been a common problem in rising cryptocurrency industry where investors are afraid of funding genuine cryptocurrency start-ups that lack adequate financing to become successful.
Now, CryptoProfile will conduct a verification process ‘Due Diligence’ on behalf of the investors to ensure that they participate only in the ICOs with the highest likelihood of success. Before CryptoProfile accepts an ICO to be listed, proper the due diligence will scrutinize the viability of the business in order to address legitimate problems and the saturation of the market it targets. Moreover, the team members, adherence to regulations, the technical soundness of the project and the utility of the coin of the company listing an ICO will be reviewed to ensure its legitimacy and credibility.
Furthermore, the cryptocurrency companies who wish to get listed on the CryptoProfile platform for ICO projects will be required to pay US$ 100, 000 for marketing. And, in exchange, CryptoProfile will allocate tokens of the same value to the startup and locked in an escrow account for six months or until the native tokens of the startup are listed on an exchange.
Thereafter, the crypto startup will be required to allocate 10 percent of their tokens to CryptoProfile. It will then distribute the 10 percent received through an airdrop to CP token holders to raise awareness in the blockchain community for the startup.
Thanks to Novel Economic Model, an endearing feature of CryptoProfile that is a viable improvement over the blind trial and error approach. The due diligence conducted by the CryptoProfile team provide double benefits – one it helps discover cryptocurrency gems and saves the investors from scams; and second, it provides legitimate cryptocurrency start-ups to market themselves and raise the capital they require to develop their platforms.
Disclaimer: The above article is meant for information purposes only, it is in no any shape or form financial advice. Investors are advised to do their own due diligence and research before taking any investment decision.
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Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.