Startup Swarm
This platform is providing a novel way to invest in innovation without the large barrier to entry of conventional funding methods. Holders of Swarm’s own coin (SwarmCoin) will receive a percentage of these new coins as a reward for their support of the Swarm community.
Swarm
This means by investing in Swarm you will be rewarded with additional coins from successful campaigns. This allows for higher returns and a faster path to the market. By far, Swarm’s capability to create a platform that utilizes Bitcoin as a technology and means of funding may have monumental implications on the future of equity investments.
As we are witnessing, crowdfunding plays a large role in the future success of startups. Many larger platforms were starting to reach equity funding, but following guidelines was challenging.
The crowdfunding model is unlike current accelerator models used today, which are fixed in one location and profit only a few partners. Instead, every person who owns a SwarmCoin will get a portion of every coin launched throughout the network. Users will also be incentivized to try out and seek additional projects that are associated with each coin.
Phase One consists of 4,000 bitcoin and people participating on day one will receive 5,250 SwarmCoin per bitcoin. As more bitcoins are received, the number of SwarmCoin distributed will decrease to 4,750 until the end of Phase One. After a short period, Phase Two will be aiming at 17,000 bitcoins with a conversion rate of 4,250 SwarmCoin, decreasing to 3,750 per bitcoin until all are gone. This will all be done to meet Swarm’s projected 18-month expenses, including developing the core infrastructure and usability to allow the creation of new coins. With a full raise of 21,500 BTC, Swarm will be a true incubator, not only with infrastructure but to help get projects and new coins off the ground.
The CEO commented, “This whole idea of having your own token that can appreciate in value is monumental. Existing crowdfunding platforms could use the technology of Bitcoin, but they aren’t focused on that.
Swarm is focused on hitting their goals and launching a platform that allows for crowd sales throughout the Bitcoin community, which is something many have been seeking out. After its initial funding period, Swarm believes that there will be a large amount of projects that will be focused on decentralized and open-source funding. We are in the mere starting stages of what the future holds for the crowdfunding and cryptoequity industry. The challenge that many face is matching the ease of use with the correct due diligence, something that Swarm believes they are doing today. Platforms like Swarm acknowledge the problems that have happened in the space, is solving them and bringing with it massive potential.
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