Pledgecamp is set to launch a blockchain-powered platform that holds creators accountable and empowers backers – A decentralized ecosystem of next-generation crowdfunding.
Pledgecamp aims to secure the future of crowdfunding with blockchain-protected investments and token incentives. Designed and developed by Slack and Coinbase designer MetaLab, it is set to empower entrepreneurs, while holding crowdfunding creators financially accountable for development milestones at the completion of a successful campaign.
Pledgecamp offers crowdfunding with the “backer insurance” – a financial framework that allows backers to contribute to a campaign while decreasing the risk of losing out on their reward. It includes an escrow feature that holds funds of the pledger funds instead of the creator getting the money 100 percent instantly. Now backers may have full control without intermediary participation and with newfound self-regulation. Moreover, at the end of a campaign, funds are released to the creator after an investor vote that determines whether or not a development plan is on track to production.
Furthermore, Pledgecamp is planning to officially launch its native token, Pledge Coin, in the third quarter of 2019. Pledgecamp aims to promote collaborative efforts between creators and backers while offering users “total transparency, absolute accountability, and active acceleration: The Pledgecamp Ecosystem and Market Network.”
In a statement, Jae Choi, CEO of Pledgecamp said, “Our core mission is to reinstate trust, accountability, and collaboration in the crowdfunding community, all while driving entrepreneurship and economic growth globally.”. We strive to integrate the benefits of blockchain technology into crowdfunding by implementing a secure and trustworthy financial framework.”
Founded in 2018 by Jae Choi, Sam Pullman, and Eddie Lee, Pledgecamp is the brainchild of these serial entrepreneurs and crowdfunding experts. Pledgecamp boasts a strategic unit of high-profile advisors that includes Randi Zuckerberg, Matt Curcio (VP Data at Ripple), Keith Teare (Founding Shareholder at TechCrunch), and Prince Abdullah (Saudi Royal Family). This blockchain startup has been built to solve well-established problems of trust and misplaced user rewards in crowdfunding.
Disclaimer: The above information is for information purposes only and does not constitute financial or investment advice in any shape or form.
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