Initial coin offerings (ICOs) are the most popular means for digital startups to raise funds for their new enterprise. The majority of these funding rounds are for companies entering the blockchain and cryptocurrency race, but due to controversies and scams, ICOs are under fire.
ICOs Still Rising
In 2017 the boom of ICOs was somewhat overwhelming; just under 350 token sales were launched which staggeringly raised over 5 Billion USD, and the crowdfunding method is showing no signs of stopping, even in the face of scandal.
So far ICOs in 2018 have surpassed the 2017 total, presently the figure for 2018 sits at over 6 Billion USD, which was accumulated across roughly 200 token sales from January to March. Incredible sums of money being poured into digital startups are becoming a norm, but what does this mean for blockchain innovators and crypto-enthusiasts?
Despite the astronomical figures, ICOs aren’t well known for being easy to access, navigating the treacherous waters of ICO listings, working out which ones are scams and picking an ICO are all annoying entry barriers for would-be participants.
This doesn’t just harm the opportunities of the participants, but also damages the operators of projects who more than likely have an innovative and aspirational goal but are lost in the saturated market. It’s terrible for the industry as a whole if blockchain innovations can’t hit the ground running because of security concerns, market saturation or entry barriers, but there is some hope.
Cryptfunder Revamping ICO Funding
A blockchain project from Cryptfunder is a bold step toward breaking away from the established traditions of ICO funding; the project is designed to provide financing to critically and diligently selected ICO startups.
The Cryptfunder expert analysts will work to identify projects that show the most significant market value potential which can be deduced from the project’s application in the real-world, as well as the utility of the technology and quality of the team behind it.
Cryptfunder firmly believes in the blockchain community and boosting up the funding of ICOs that are breaking the mold and have a demonstrably great vision for their future; which all in all is a somewhat noble venture itself.
The platform is comprised of key features that set Cryptfunder apart from many platforms; firstly there is the CF30 list, a carefully curated list of thirty other tokens from top-tier, mid-cap to higher risk projects. These tokens will be purchased using 10% of the Cryptfunder ICO funds and will serve as backing for the value of the platforms native token, CFND.
The ICO starter module will provide a funding platform for ICOs and other exchanges in return for heavily discounted Pre-ICO or other tokens; Cryptfunder will be offering the top picks from the blockchain ICO market, valiantly outperforming traditional methods.
Cryptfunder Token Sale
Cryptfunder will be hosting a token sale for its native token CFND; the sale begins May 25th, 2018, 9pm UTC and ends July 8th, 2018, 9pm UTC or after 20,000,000 tokens are sold. CFND tokens will be initially priced at 0.003 ETH per CFND.
Participants can also benefit from bonuses depending on how early they enter the sale, details below:
May 25th – May 29th: 15% Bonus
May 30th – June 3rd: 10% Bonus
June 4th – June 8th: 5% Bonus
June 9th – June 13th: 2% Bonus
June 14th – July 8th: Standard ICO Rate
To find out more, head to the official Cryptfunder website here: https://www.cryptfunder.io/
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