Introduction

Making a dream a reality is no easy feat without funds. Getting adequate support for a project can be discouraging especially for young entrepreneurs who are eager to take the world by the storm.

Crowdfunding is one solution for such eager entrepreneurs. Crowdfunding is the practise of funding a project by gathering funds from a large group of people . This is also called crowd sourcing.

Source

However, there are problems associated with this plan. The major one is trust. The investors have to be assured that their funds would be put to good use. Most often, investors have no power over which project their funds are used for.

There should be a platform which guarantees trust between the entrepreneur and the investor.

What Is InoCoin?

InoCoin is a new technology based on the blockchain meant to support young entrepreneurs and start-ups to get financing for their projects and also develop their ideas. Also, investors are invited to invest in projects in other to earn returns on their money. This platform solves the issue of trust between both parties because on the blockchain, trust is assured as all transactions on it are secure.

InoCoin is a utility token that is a universal payment too which can also be used to get startup capital, providing an avenue for people to advantage of projects being developed, earning returns for investments made. Investors have the opportunity to receive smart services and also products from projects supported.

In addition, there is a team of advisors with extensive technical and business skills who would be available to provide constant help and advice to the young teams.

In summary, InoCoin is a decentralized cryptocurrency built with the single purpose of aiding prospective entrepreneurs find funding. Worthy projects are chosen based on a set of criteria which is objective. This is to ensure the continuity of InoCoin as only the best projects are chosen.

The blockchain technology ensures fast and cheaper transactions also allowing everyone to invest as opposed to the usual Crowdfunding campaigns which allows only a few individuals to participate.

InoCoin is initially offered on the Ethereum blockchain as an ERC-20 token.

What is the difference between InoCoin and other Crowdfunding platforms?

1. Transparency.
   Since it is built on blockchain technology which is decentralized and highly transparent, investment decisions are made by the entire community. The project to be invested in is decided by the entire community. There is is no risk of manipulation as the entire selection process is simple and transparent.

2. Open participation.
   Anyone can participate. Anyone can apply for funding, there are no rules as to how a project should look like. Anyone can also invest in projects.

3. Extensive experience in investment.
   The best minds in the field are part of the team and as such, success is guaranteed. ICOs are not encouraged because they give an illusion of progress. They have a product that works and and with the aid of the community, growth is inevitable.

How Does InoCoin Work?

There are several features on the InoCoin platform .

The first is the 'like' button. Just like on social media when you click on the like button to show your approval of a post, the same happens here. The button allows the InoCoin community to vote on which project should be approved for financing. This happens every three months when the managerial team redirects InoCoins for the purpose of funding a project.

The second is the 'boost' button which allows investors to fund projects based on individual preferences. Each project is different as each has different details of how investors would benefit. In this way InoCoin provides an opportunity for everyone and anyone to be an investor or innovator.

InoCoin Chaincode
InoCoin depends on a set of smart contracts which serve to coordinate interactions between participants. These smart contracts are deployed on Ethereum but could also be linked to other platforms.

InoCoin based projects

InoPay

InoPay is a universal payment instrument built entirely on blockchain technology. Makes it right for every trader from anywhere in the world to use the service for a monthly fee.

CoffeIno

Through this platform users will be able to find locations nearby which are part of the CoffeIno network and offer free coffee. Users will be granted one coffee a day, with no limit on the number of locations.

InoCoin Ecosystem

MasterNodes And Privacy
Тhanks to our decentralized blockhain system you will be fully anonymous and need not worry for your investment decisions.
Low Fees
Thanks to Blockchain technology, InoCoin is the investment platform with the lowest fees in investment world.
Decentralized
Our system is based on Blockchain technology, which makes sure that our community is making the decisions as a whole.
Roadmap

Token Supply

The reserved tokens would be kept and locked for a year to develop partnership and future acquisitions.
InoCoin is available as mobile apps available on major operationing systems- iOS, Android , Windows and Linux. There you can create your wallets, introduce new projects or even invest in the best project in offer.

The Team
Check out the team here, https://platform.inocoin.eu/

Conclusion
InoCoin is a whole new aspect of Crowdfunding which is transparent. Anyone can invest in projects regardless of how little or how much funds they have. As an investor, you can receive incentives from projects supported.

New ventures which are innovative are supported through financial assistance. Think you have a great idea which is lacking funds for execution, apply to InoCoin today. Click https://platform.inocoin.eu/ for more information.

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All images obtained from InoCoin whitepaper and website

Written forInoCoin writing contest