Fintech Firm Cryptfunder, which aims to build a decentralized funding source for startup ICOs, upcoming blockchain enterprises and the crypto community, has announced an upcoming blockchain startup incubator and its own token sale.
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Envisioned to be the go-to platform for highly-vetted ICOs and crypto startups, Cryptfunder will provide a launching pad for new ideas on the blockchain, strengthened by solid experience and a connected community of participants.
Ideas struggling to emerge
Despite the widespread growth of blockchain innovations, bolstered by increasing recognition and acceptance of its benefits across multiple sectors, blockchain startups are finding it difficult to move beyond the vital first steps of their nascent projects.
Investors, on the other hand, are bewildered by the sheer number of projects and token sales launching daily, rendering portfolio tracking and decision making almost impossible and making standout ideas difficult to detect and ultimately hurting both innovator and investor.
Added to this is the growing number of fraudulent enterprises that have only made investors more skeptical and harming the reputation of ICOs as a legitimate crowdfunding tool.
Validated, vetted, ICO funding
By employing selective measures and vetting each start up submitted, Cryptfunder experts will identify only the best ICOs for prospective offerings, underlined by excellent foundations and high market value potential, based on real use case and application, utility of technology and quality of the development teams.
Cryptfunder is entrenched in the belief that the blockchain community has the ability to realize blockchain ideas via funding, and will help direct investors to ICOs that truly offer disruptive potential, backed by solid fundamentals and guided by visionary objectives. The startup funding industry is almost a peerless one and Cryptfunder looks to provide ground-floor opportunities to investor-level funders in return for highly discounted tokens.
Its objectives will be achieved through three “modules” within its ecosystem, all with the aim of keeping listed ICOs well funded, while maintaining and growing its own native CFND token, all the while allowing for real-time and transparent tracking of value of all assets and holdings.
The first module is the CF30 List, which is a portfolio of 30 other tokens to be purchased with about 10% of ICO funds. They will be a mix of top-tier, mid-cap and higher risk tokens, all showing excellent growth, stability and gain potential over the long term. These serve to back CFND token value.
The second module is the ICO starter, which will be given funding access to ICOs and exchanges, in exchange for bargain-price pre-sale tokens. This will feature the best picks from the ICO market assessed to help ICO models outperform any existing fundraising tool.
Finally, the ICO Performance Module is Cryptfunder’s unique tool for displaying capitalization of CFND and CF30 portfolio, individual holdings and net growth to CFND token holders.
The ultimate aim is to ensure the very best disruptive ideas are funded, for a share of tokens and a part of their future. Each month will feature a minimum of three to five funding rounds, to increase as the platform improves alongside application and funding.
The CFND token sale
The Cryptfunder token sale will start on May 25th, 2018 at 9pm UTC and run until July 8th, 2018 at 9pm UTC or until 20,000,000 CFND tokens are sold (out of a total supply of 40,000,000). Each CFND token will be sold at a base price of 0.003 ETH.
Staggered bonuses will be offered to early contributors at the following rates:
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 learn more about Cryptfunder, visit the website and read the whitepaper. To look at their code, visit their page on Github. Join the community and chat with the team on BitcoinTalk, Telegram, Twitter and Facebook.