Raising funds is a complex job. It takes a bunch of risks to trust people behind a system who protect the funds being collected. One way of raising investment is the Crowdfunding.

Crowdfunding is a technique to accelerate the gathering of funds with the help of diverse personas that has great influence in making money. It is usually encountered when someone is in need of financial support then knocks on social media platforms to raise a fund. Sadly, the money invested is not 100% safe without the help of experts.

Pledgecamp

Pledgecamp eliminates the trust issue about crowdfunding. It is a decentralized crowdfunding platform that composed of a team who secure the campaign funds.

Together with the blockchain technology, it makes your investment secure and transparent. Blockchain technology takes back the confidence of about half amount of users resulting in crowdfunding growth in spite of all the downfalls mentioned.

The Unfavorable Side of Crowdfunding

Crowdfunding is dangerous in case of trust to both project creators and backers even if it earns popularity these days. Perhaps there are still things that you need to know and to discover the current status of crowdfunding in the world.

Downside Evidence of Crowdfunding

Kickstarter crowdfunding platform has 85% of projects delayed resulting to 1/3 of users backed out on the succeeding projects. The failed projects raised millions of dollars, including Ouya (8.5M US dollars), Zano Drone (3.5M US dollars), Skully (2.4M US dollars), and Coolest Cooler (13M US dollars). Until Kickstarter continuously decline over a year.

What is the real issue on Crowdfunding?

The main concern of Crowdfunding is the trust issue on deals between the project initiator and the backers.

Others issues includes:

• The protection for creators and backers is not proportionate which makes it unfair. Initiators got fully paid immediately right before finishing a project while investors need to wait for their portion of the payment.

• Crowdfunding is a centralized system wherein the company has direct access to the activities and payments. Resulting in more benefitted creators rather than investors.

• Crowdfunding platforms are not widely available for other aspiring entrepreneurs around the world.

The Favorable Side of Pledgecamp

The main purpose of Pledgecamp is to eliminate the critical sides of crowdfunding. The answer is finally here!

Pledgecamp yearn to gain back:

• Transparency

• Accountability

• Collaborative

• Acceleration

Ways to Get Back Up

• Combination of Pledgecamp and Blockchain Technology

Pledgecamp and Blockchain Technology work together to awaken entrepreneurs around the world to put their trust on crowdfunding, once again. From then on, both creators and backers will be equally profited and no one being mistreated.

• Smart Contract for the Backers’ Right

This contract will hold creators to be held responsible for their promises. Hence, pledging becomes more secured and away from failing. The backers will now have the right to monitor deposit and payments deadline.

Backers Insurance is divided into three parts, including crowdfunding, market network, and knowledge center. The entire control will be held on the user, Pledgecamp will have no responsibility at all. However, the team is still helping behind-the-scenes when problems suddenly appear.

The policies and agreement written on the insurance are well-prepared by Pledgecamp considering the punishment for project creators who do not comply with the project. The insurance is not only about funds but also on the wellbeing of the user.

• Smart Crowd

Doing a fraud is hard when all eyes are on you. In addition, sometimes backers do not have a background idea about the project. Hereafter, Pledgecamp develops a Smart Crowd comprised of competent people to oversee a certain project.
Pledgecamp will push the Smart Crowd unto their full potentials in exchange for tokens earned and other incentives. The goal is to push project creators to do their job properly and full of integrity.

Where do funds go?

• Market Network

It is where all that is involved in a market of funds meet, including trusted vendors, and other experts on funding. Users have access to the approvals of payments and creators can build collaborations on many third parties to finish a project.

In other words, a lot of trusted vendor’ choices are met for the benefit of both the creator and the backer. Therefore, it lowers the risk of failed investments.

• Knowledge Network

Experts and specialist contribute their knowledge for the whole team. It is comparable to a search engine where both parties can raise questions, share thoughts, and leave a response.

By seeing the knowledge center, users will be more informed about the current status of a particular contributor. This platform benefits the whole growing entrepreneurs and the ones who are still learning to become a businessperson.

Behind-the-Scenes (TEAM)

The ones who started Pledgecamp are aware of the downfalls of crowdfunding. Thereafter, Randi Zuckerberg together with the team develops ways on how to build up that trust once more with the help of blockchain technology. The whole team aims to lift up entrepreneurs to grow all over the world by giving them safe funding opportunities.

Team Partners

In order to attain a goal, support from other expertise is considered. Among the team partners of Pledgecamp are the following:

• Meta Lab: It is known as the best interface designer in the world that brings Coinbase into life again. Other trusting clients of Meta Lab include Google, Disney, CBS, Fortune 500, and Slack.

• Berlin Cameron: From concept creation up to the production of known brands, they are on a niche. This helped to spread the identity of Pledgecamp all over the world.

• MouseBelt: It edifies manpower to end up with a more effective team up. More than 30 engineers are chosen for the betterment of Pledgecamp.

• Dentons Rodyk: A legit law firm that renders legal services for the clients of Pledgecamp.

The Final Say

The team itself is all trustworthy and passionate to reawaken fading entrepreneurs, globally. Pledgecamp has made a way for the backers and project creators to settle all the issues that destroy the reputation of crowdfunding.

However, the project is not yet fully implemented and yet we’ve seen the best part of it.

To learn more, visit their official website or download there whitepaper.

Article Creator: pamkinpie (Bounty0x)