Whirl ico review

gameofbitcoin (48)in #whirl • 5 years ago

Whirl is a new type of crowdfunding platform build with blockchain technology. They use a unique principle of "Pay it forward". This is a system where you have to earn karma by backing other people's projects. The more campaigns of other users you back, the more karma you can earn. That's until you get placed in "The Active Zone", then it's your turn to receive funding for your campaign.
The problem of many platforms trying to collect money in crypto money technology is that they cannot reach the general investor group. Many crypto currencies have failed to reach enough investment, so the crypto market has disappeared. Some of the crypto coins did not succeed because the ideas they had were completely imaginary.

Working Principle of Whirl Platform
To participate in the platform, each participating project is reviewed by the Whirl team. This team of lawyers, financial institutions supervise the appropriateness of the projects and ensure the rejection of projects that do not comply with the standards. Behind every project to be entered into the platform, details such as aid organization, project size, place of assistance should be mentioned in full detail.

Every person who helps the platform is gaining karma in return for his help. As the number and amount of help of the users increase, their own hash levels increase. The project will be listed more quickly when the project is submitted to the platform at the later times.

The advantages of this type of crowdfunding are:
High security
Full transparency
Democratic system of karma
No bank account is needed to participate.
When you get crowdfunded you are free to use the funds on your project. There are no debts or obligations.
High security

With the security benefits of a blockchain system, your funds are very secure on WHIRL. On top of that, WHIRL takes some extra security measures to make the platform even more secure. For instance only a minimum of crypto is stored online, most is kept in cold storage wallets.

Full transparency

One of the big advantages of a blockchain is transparency. This makes it almost impossible to do fraudulent activities. That's because all user actions that are taking place are saved on the blockchain. WHIRL stores their data on 2 separate systems. The sensitive data from users are stored on a private database and not on the ethereum blockchain to ensure your privacy. Because everything that is stored on the blockchain is public accessible.

Democratic system of karma

WHIRL has a democratic system of karma points to decide what projects get the most funding. This is very unique and makes it stand out from other regular crowdfunding platforms. The karma system of WHIRL is one of the most fair ways to do crowdfunding. When you didn't get a chance to get crowdfunded on other crowdfunding platforms you can try WHIRL because a fundraising is guaranteed.

No bank account is needed

Anyone can use WHIRL, it doesn't matter where you are from, what official currency you use or what the purpose of your fundraising is. (as long if it's not something illegal) You don't even need a bank account since transactions are done by cryptocurrency.

No obligations

It's free to make an account on WHIRL and also free to use the crowdfunding platform. When you get crowdfunded there are no obligations, you can use the money on your own project just as you like.