Crowdfunding over the past few years has become one of the most popular ways to raise funds for the further development of projects. However, every year new projects collect less and less funds on crowdfunding platforms. This is due to a sharp decline in the level of trust.

Investors no longer trust companies that use crowdfunding due to the fact that about 85 percent of companies that use this method of fundraising, postpone the development of the product or even close.

However, this is not the only problem of modern crowdfunding platforms. Among the other shortcomings of this sector are:

• censorship prohibiting a number of legal products;
• the complexity of currency exchange;
• inability to use cryptocurrencies;
• the need to use credit cards and Bank accounts to create your own business and participate in crowdfunding.

To solve all the above problems of modern crowdfunding will allow a new project called Pledgecamp.

Project objective

The main goals of the developers of the platform Are:

• increased security and transparency of fundraising;
• creating incentives for projects to fulfil their obligations;
• enabling the use of cryptocurrencies for fundraising;
• exclusion of intermediaries in the crowdfunding procedure;
• restoring investor confidence.

Principle of operation

Within the framework of the platform, project creators will be able to raise funds only after placing a Deposit in internal PLG coins. A similar project placement condition for fundraising prevents multiple copies of the same project. It is important to note that the funds from this Deposit can be returned to the creators of the project subject to the provision of certain information and documents, namely:

• of identity documents;
• business plan;
• documents confirming the right of intellectual property;
• links to social media accounts.

If the developer does not have the necessary amount of PLG TO make a Deposit, he will be able to earn money by performing various tasks within the site, namely, to detect fraudulent projects and put them to a vote for subsequent removal. In case of such removal of the project, the amount of the Deposit made during the placement is charged in favor of the platform and the inspectors.

Thus, fraudulent projects will suffer serious losses, and honest project creators will not risk anything.

In addition, within the framework of the platform, an insurance premium will be introduced, which is paid by the developer upon successful Fund-raising. When making this fee, the developer must specify the terms of performance of its obligations. It is important to note that the higher the insurance premium, the lower the cost of listing the project.

After this period a vote was taken among the investors and known their opinion on the fact, did the project Creator and their obligations. If the majority of investors declare that the developer has not fulfilled its obligations, part of the invested funds will be returned to investors.

The platform will present two types of tokens – PLG and CS. The first will be used as the main means of payment and collateral tokens, and the second – as a means of rewarding the platform participants for their contribution to its development and moderation. The ratio of tokens is 1 to 1.

To purchase coins PLG will be possible during ICO.

Dates and details of the ICO

The developers intend to sell 2 billion coins at a price of 0.01 dollars for 1 PLG. The date of public sale will be announced soon. At the moment, there are 300 million coins left.

Hardcap of the project is $ 20 million.

The distribution of tokens is as follows:

Conclusion

Platform for crowdfunding, allowing to eliminate fraud, to protect investors, as well as to create conditions for the development of honest developers, can be the best solution in this area. In the world of cryptocurrencies, there are already similar solutions, but the mechanism of punishment of intruders and insurance is able to provide the platform with a competitive advantage.

Given the fact that the project has already raised $ 17 million, it is credible and gives the opportunity to safely invest in its development.

Official resources of the Pledgecamp project:

WEBSITE: https://pledgecamp.com
TELEGRAM: https://t.me/pledgecamp
WHITEPAPER: https://pledgecamp.com/__pdf/whitepaper-pledgecamp-9-23.pdf
FACEBOOK: https://www.facebook.com/pledgecamp
TWITTER: https://twitter.com/pledgecamp
INSTAGRAM: https://www.instagram.com/pledgecamp/
LINKEDIN: https://www.linkedin.com/company/pledgecamp/
YOUTUBE: https://www.youtube.com/channel/UCOciB0DFctSFT7hZTHoIuMA/

AUTHORSHIP:
MY USERNAME BOUNTY0X: klimenok1991
MY BITCOINTALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=1238493
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