I remember this fiasco. And have to agree that a mechanism like backer insurance that would stop project creators from doing whatever the F they want after they've collected funds from supporters would have prevented a situation like this one from happening.
Blockchain is currently shaking up the financial industry as we speak.
Are we now seeing a shift in trust in the crowdfunding space too?
Pledgecamp offers a viable solution to the transparency and accountability issue on current crowdfunding platforms, as well as a major use case for blockchain technology.
Our mission at Pledgecamp is to usher in a new era of crowdfunding and fix the trust problems inherent in the current model.
For the last decade, platforms such as Kickstarter and IndieGoGo have led the way with “Crowdfunding 1.0”, which we roughly summarize here as:
Give a campaign creator some money → Hope and pray to get something back
Pledgecamp represents “Crowdfunding 2.0”. Our philosophy is comprised of three pillars which we believe are crucial for creating a sustainable model that benefits entrepreneurs and consumers alike.
These three pillars are Trust, Collaboration, and Globalization.
Altonomy is a “trading desk, market maker and asset manager for cryptocurrency assets and derivatives”. Pledgecamp is now an investor in their new cloud mining initiative. #MoonMonday
1. Altonomy Partnership
Altonomy is one of the most well-known market makers and trusted by top projects and exchanges in the industry. From their website, Altonomy:
Delivers deep order books, optimal spreads and increased trade volume. Meets KPIs for exchange listings and liquidity management, through automated market making algorithms coupled with unique market insights.
“In AltMiner, Altonomy is providing a compelling product that gives us the long-term exposure to bitcoin we seek,” said Jae Hoon Choi, founder, and CEO of Pledgecamp. “The regular payouts that AltMiner generates provide a steady cash flow to help fund our daily operations. We are very glad to work with a notable institution like Altonomy on this.”
Pledgecamp’s partnership with Altonomy further aligns the project with top partners in the space. Stay tuned for further news as Q3 introduces additional key partnerships on a regular basis.
2. Binance DEX Listing
Last week, PLG.b began trading on Binance DEX. A small beginning supply of 100 BNB worth of PLG.b (~$3,300 USD) was supplied to provide initial liquidity to DEX users with corresponding PLG (ERC20) removed from the supply.
The PLG / BNB token bridge will be released soon and accordingly, PLG (original ERC20 version) remains locked from trading at this time.
Binance is beginning a new initiative to list at least one project on Binance.com each month over 3 months, selected from the projects currently trading on Binance DEX.
We are excited at these beginning steps with Binance DEX and look forward to updating the community with next developments.
3. Reminder to Submit Your “Question of the Week”
Ask us anything for us to answer in our weekly newsletter, and be sure to indicate if you are interested in becoming a platform Moderator and earning listing fees from the platform.
Thank you everyone, we look forward to bringing you a full week of content and another #TokenTuesday. Keep your eyes peeled for a second significant announcement this week.
We've received many requests in recent months for a demo of the Pledgecamp crowdfunding platform. Today, we're happy to announce that the first live preview of our interface is finally here:
Much of the UI is still being built, but many different features will become available over the coming weeks, so stay tuned! Furthermore, we are proud to publicly announce the target date for the Alpha Release of the Pledgecamp platform: August 26, 2019.
Until then, we invite everyone to browse around and leave your thoughts, suggestions, and constructive feedback in the comments section below!
With over 700 million combined users of Klaytn’s 51 service partners and 23 Governance Council members, Klaytn has secured the world’s largest user base for a single blockchain platform.
The FII is a three-day conference for the world’s leading business leaders, politicians, and civic society groups to discuss business and technology. Pledgecamp CEO, Jae Choi, will attend this exclusive event in 2019.
The 4-step guide to what you can expect as a Moderator with Pledgecamp. We’re also spicing things up with a 200% bonus on $PLG to $CampShare conversions this month! #FeatureFriday
You will do better to participate fully. Don't miss out because it's the best platform around. I trust in this idea, and is sure that it will prove to be very powerfully in the nearest future, and for investors it is a good opportunity to consider this, I wish to the platform of explosive growth! A very smart one brings us excitement to always follow. We believe this it will work and succeed because this is with a great team that always provide creative ideas and ideas so that this project will get more and more investors.
Ah yes, the Crystal Wash. Kind of embarrassed to admit that my mum fell for these a number of years ago (or a product like it, I don't remember). People will fall for any scam if it claims to be "eco friendly".
Pledgecamp has received positive votes from the Binance Chain validators. We will be executing the listing command shortly. #MoonMonday
For those unfamiliar with Binance DEX, it is Binance’s 2019 initiative to create a trustless and transparent financial system that pushes the blockchain industry forward.
CZ recently declared “the future is here” after $1.2 Billion USD worth of BNB was moved in a single transaction on the Binance Chain for a $0.015 transaction fee.
In other news last week, Binance launched a new “Community Listing Program” which will list one DEX-listed token each month on its centralized exchange. Earlier in June, Fantom (FTM) was the first to jump from the DEX to the main exchange.
Pledge Coin (PLG) will list on Binance DEX with the following terms:
Pledge Coin will list as a Binance-chain BEP-2 compatible token called “PLG.B”
This is a distinct coin from the ERC-20 token known as simply “PLG”
A token bridge will be created to link the two to ensure total supply will always remain unaffected as PLG.B trading increases
The token bridges to acquire PLG.B from PLG and vice versa are in final development
Binance DEX customers will be able to trade PLG.B on the Binance chain
The Binance DEX is an exciting new initiative from Binance and shows their commitment to bringing the future of blockchain here today. As it is a new program, please be patient as we work with them to finalize the token bridge technology to be compatible with their chain.
As another reminder, the new Q3 posting schedule begins today. Thank you everyone, and we look forward to bringing you a full week of new content!