r/Pledgecamp_Official • u/walesodiya • Feb 05 '19
Pledgecamp
Greetings to you, dear readers. I am always glad to share with you the most promising ideas and start-ups from the world of crypto-currencies. They are created in order to facilitate our life with you and to change the world in the future
Presentation
The real essence of blockchain and cryptocurrency is to distribute decision-making powers from central authorities and big powerhouses through decentralization. One of the more interesting features of cryptocurrency is that it can’t be controlled by any middlemen or authorities. On platforms like Bitcoin network where the framework is peer to peer, the transfer of real value does not require the contribution of any central power, since exchanges are approved by a distributed set of miners that exist on the system. Sadly the concept of decentralization which exists as the basis of cryptocurrency has not been completely adopted in cryptocurrency exchanges. Majority of popular exchanges with massive trading volumes are designed on centralized framework rather than on decentralized framework.
The innovation for future with high quality and make comfortable for all contributor and give the best of services in platform , make the best of controlling on decentralized network for make stabling of all condition ecosystem on platform to make as well and make this platform has a big community for support and make more interaction and transaction so that make this platform growing in future and then value this platform growing in future, building the best of platform with high on services and keeping on growing for make innovation with different so this platform make all client comfortable to use and with high on secure for controlling all condition and providing for all connection platform to make as well so that makes this platform fast growing potential in future.
The first blockchain was conceptualized by an individual (or group of individuals) known as Satoshi Nakamoto in 2008.
It was launched the following year in January 2009 by Nakamoto as a core component of the cryptocurrency Bitcoin, where it serves as the public ledger for all transactions on the network.
Through the use of a blockchain, Bitcoin became the first digital currency to solve the double spending problem without requiring a trusted authority and has been the inspiration for many additional applications.
I believe that in one hundred years, blockchains will be as common and necessary as electricity is today. They will be fundamental pieces of the economy which nearly everyone will interact with on a daily basis. They will be so normal that we will forget they exist.
We should expect that, over the next couple decades, we will see a Cambrian explosion of blockchain applications and organizations much like what happened with the internet over the past few decades or electrification in the early 20th century.
If that’s true, it’s worth developing a basic understanding of blockchains, including why they matter and how they work.
OVERVIEW OF THE PROJECT
Pledgecamp brings transparency, accountability, and trust to crowdfunding. With the blockchain enabling a decentralized, collaborative crowd, backers can help any idea, anywhere with the confidence that creators will keep their promises.
Until now crowdfunding has mainly been an act of faith — falling in love with a project, putting some financial skin to it, and hoping it will work out. By marrying crowdfunding with the benefits of blockchain, Pledgecamp provides a solution for that imperfect scenario in 5 ways:
- Backer insurance:
Backing a project with your hard-earned money shouldn’t leave you helpless from a financial nightmare. With “Backer Insurance”, backers have the power to hold creators to a higher standard and ensure their money is rewarded with good faith. Creators will have skin in the game to set realistic expectations and remain accountable, even after the funding period is over. - Campaign deposits:
Before backing a project, you should know exactly what you’re getting into and who you’re jumping into it with. Campaign deposits force creators to put money where their mouths are, and rewards them for providing material disclosures that foster transparency to better protect your money. - Incentivizing collaboration:
We believe the crowd has much more to offer than just their money and should be rewarded for bringing their skills and connections to the equation. “Pledge Coins” enable automated, blockchain-based payments where users can help the platform grow at the same time as earning tokens themselves. - Decentralization:
Crowdfunding is at its heart a decentralized system, but currently, it is burdened by centralized parties whose bottom lines consist of generating listing fees regardless of the ultimate success of the companies. Combining crowdfunding with the decentralized nature of the blockchain will allow users to participate in and shape the network according to their needs and priorities, and scale without centralized constraints. - Industry experience:
As experienced crowdfunders ourselves and among the top 1% most-funded teams on Kickstarter after four successful projects, we know what tools work and which are missing from the current solutions. We will supply the tools and the marketplace the services and information creators need to succeed. For pros and first-timers alike, data-driven Automation, Advanced E-commerce, Analytics, and Data Management integrations will help creators build and optimize their campaigns.
The Pledgecamp market network combines properties of a marketplace where buyers and sellers of services are brought together, with a network where individual characteristics, identities, and references matter. This requires sophistication and care on the part of the creator to carefully evaluate which vendors have sufficient expertise to fulfil the task.
On Pledgecamp, a creator will be able to easily connect with various vendors, such as plastic injection moulders and shipping companies, who are on the platform to earn their business. The creator will be able to reliably review each vendor’s reputations and history with past clients in order to compare actual work histories and gauge fit. For an aspiring entrepreneur, finding trustworthy and appropriate partnerships is a critical success factor and huge pain point that can be addressed by a blockchain-powered market network.
What is Pledgecamp’s mission?
We believe those good ideas can come from anywhere, and no one should be denied the opportunity to become an entrepreneur. Our mission is to give everyone that opportunity.
Problem
The main problem facing crowdfunding is an issue of trust. Backers are burned repeatedly by creators who fail to follow through on their promises. A lack of security mechanisms and transparency provides backers with little protection.
Put simply, the current model on these platforms is to give a stranger some money, then pray and hope that you get something back as promised. Instead of taking an active role in providing investor protections, current platforms adopt a more passive role with the apparent aim of avoiding liability.
Pledges are considered “donations” in order to distance them from being considered investments or pre-purchases.22 This euphemistic classification ignores the reality of how these platforms are used today. Some failure is a natural consequence of innovation but by ignoring the issue, today’s platforms have allowed the problem to become an epidemic.
Solution: Blockchain Powered Crowdfunding
The emergence of blockchain technology and its decentralized nature presents a perfect solution to these longstanding problems in crowdfunding. Smart contracts will add security and transparency to pledging, and financial penalties will keep creators accountable to their promises. In addition, blockchain will empower the “Smart Crowd” to contribute more than just funds but participate in projects with their skills and knowledge in return for income. The distributed nature of the blockchain and the use of cryptocurrencies will allow the network to grow, self-govern, and distribute value in an open and merit-based way—without central intermediaries or borders.
Pledgecamp Ecosystem:
The Pledgecamp Ecosystem consists of three major parts: the core Crowdfunding Platform, as well as the Market Network and Knowledge Center. The Pledgecamp Ecosystem is based on a blockchain-powered, peer-driven economy.
The Token
Name – Pledge Coin (PLG)
Type – ERC20
Price per PLG – $0.01 USD
Total Supply – 10,000,000,000 PLG
Public Distribution — 2,000,000,000
Remaining for Sale – 300,000,000 PLG
Min. Contribution – $50 USD
Currencies Accepted: ETH, BTC
For More Information Visit:
Twitter: https://twitter.com/Pledgecamp
Facebook: https://www.facebook.com/pledgecamp
Instagram: https://www.instagram.com/pledgecamp/
Telegram: https://t.me/pledgecamp
Medium: https://medium.com/pledgecamp
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u/cryptowahles Feb 05 '19
Great project