MOOLYACOIN: AN ECOSYSTEM FOR IMPROVING HOW BUSINESS IS DONE

aaabossbaby (29)in #businesses • 6 years ago (edited)

The investment sector of the global economy is daily experiencing a great expansion. People wake up daily with new business ideas, the birthing of these ideas leads to what we Startup company or entrepreneur. A startup is a newly emerged entrepreneural business with the aim of meeting specific needs in the society. It usually have potentials of becoming enlarged.

Most times, there is usually the challenge of insufficient fund, but the startup ecosystem consist of investors who take interest in the emerging businesses. Such individuals funds the businesses, and then anticipate for the future profits which will be shared in certain ratio. But recently, it has been discovered that the ecosystem has not been running smoothly due to some flaws occurring in it; one of such is lack of trust between investors and the startup. This is mainly due to the non- transparency and centralization of the ecosystem.

Another challenge is the way startups get their needed resources. They do not easily get access to the right source on time, thereby get resources at high prices and even sometimes below standard. The ecosystem is not unified enough as there exist some agents who serves as intermediaries within the ecosystem, they may be service providers, financial institutions and others who incur commission on their services; the issue is not the incurring of commission but how exorbitant the charges are which led to reduction in the resulting profit of the startup.
But no more worries as here comes MOOLYA platform with adequate solutions to the problems.

It is first ecosystem incepted for the comprehensive digitalisation of the global startup ecosystem. It has the aim of incorporating blockchain technology into it, thereby making it decentralized and transparent for there to be trust and increased efficiency in the ecosystem. The platform comprises of Ideators, Investors, Startups, Service providers, Companies, Mentors, and some other enablers; who all come together for collaborative business transactions.

WHY MOOLYA?

The offline startup ecosystem has not been able to do well in offering an efficient marketplace; there has not been a means of leveraging network effect in the ecosystem, no formal and effective means of advising and counseling entrepreneurs, which some times make them incapable and also loss focus.

Moolya connects startups to investors and standardized resources providers easily and at a lower cost. Not only that, startups will also get connected to sound mentoring and counseling.

The platform is also integrated with a smart contract backed system of payment; this implies that all transactions and payments will be made available on a public ledger. Another advantage is that the platform support all forms of currency for payment, which is very rare on other platforms.

MOOLYACOIN

Moolyacoin is a digital coin for the global digital startup ecosystem. It is an integral part of Moolya Global Ecosystem. It is of the form ERC20 and it will be use for gaining accessibility to various functions on the platform.
Business ideas becomes effectively birthed into being, and efficient profitability is guaranteed through this great project.