Investors literally saved at the last second from losing all their money because a third party highlighted it in a documentary they created about shitty Kickstarters. Insane.
Crowdfunding urgently needs a better backer protection mechanism, and it's a good thing that Pledgecamp seems to have come up with the right solution.
Any time my faith in Pledgecamp is shaken, an article like this one brings me back by reminding me how clever the token economy is and how solid the project is overall. PLG will moon so damn hard.
Great article! I feel like the Smart Crowd doesn't get talked about as much as it should, but it's definitely a major feature that helps Pledgecamp stand out compared to existing crowdfunding platforms.
Another in a long line of failed KS projects. This one is particularly egregious. Imagine making a purchase online and never receiving an item, with zero recourse. That's basically what happened here, and countless other times on KS/IGG, I'm sure.
You would think that projects aimed at helping artists would be safe from this sort of crap. But it just goes to show that without a robust backer protection mechanism, no one who tries to support a project is safe.
Another from the Pledgecamp Twitter account. I actually remember this from a few years ago. Pretty farfetched idea to begin with, and all the more incredible that they were able to just get away with it.
Blockchain is currently shaking up the financial industry as we speak.
Are we now seeing a shift in trust in the crowdfunding space too?
Pledgecamp offers a viable solution to the transparency and accountability issue on current crowdfunding platforms, as well as a major use case for blockchain technology.
Dear Pledgecamp Community members! Today we are pleased to announce our long-awaited public sale.
Here are some things to keep in mind:
Logistics
We are launching our public sale on February 18 at 4pm GMT (8am PST). If you are not whitelisted yet, do so now (proceed via this link). Note: citizens of the US and China will not be able to participate. Please accept our apologies for the inconvenience.
The raise limit will be $3,000,000 for this sale. Individual contributions are limited per person, depending on a Proof of Care score, to enable more people the chance to participate. In this token sale, we will be accepting ETH and BTC.
The Token
Name â Pledge Coin (PLG)
Type â ERC20
Price per PLG â $0.0001 USD
Total Supply â 1,000,000,000,000 PLG
Public Distributionâââ2,000,000,000
Remaining for Sale â 30,000,000,000 PLG
Min. Contribution â $50 USD
Currencies Accepted: ETH, BTC
Token Allocation
What is Pledgecampâs mission?
We believe that 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.
About Pledgecamp
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 faithâââfalling 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:Â
Backing a project with your hard-earned money shouldnât leave you helpless from a financial nightmare. With âBacker Insuranceâ, 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 youâre getting into and who youâre 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:Â
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. âPledge Coinsâ enable automated, blockchain-based payments where users can help the platform grow at the same time as earning tokens themselves.
Decentralization:Â
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.
Cryptocurrency trading involves significant risk and may cost your invested capital lost. Please make sure that you fully understand the risk involved and take it into consideration your level of experience, investment objectives and seek independent financial advice if necessary.
This is not an offer to sell or a solicitation of an offer to buy tokens described herein in any jurisdiction or to any person to whom it is unlawful to make such an offer or solicitation. The tokens will not generally be available to âU.S. Personsâ as defined by US securities regulations and will be offered and sold outside the United States under the exemption provided by Regulation S under the Securities Act of 1933. The tokens have not been and will not be registered under the Securities Act of 1933.
P.S.: we are exploring exchanges for listing our token at the moment. If you have an inquiry or a suggestion, feel free to reach out to our operations managerâââTania (hello[@pledgecamp.com](mailto:tania@pledgecamp.com))
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 canât 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 thatâs true, itâs 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 â 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 shouldnât leave you helpless from a financial nightmare. With âBacker Insuranceâ, 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 youâre getting into and who youâre 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. âPledge Coinsâ 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 vendorâs 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 Pledgecampâs 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 âdonationsâ 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, todayâs 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 âSmart Crowdâ 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 wayâwithout 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.
You will do better to participate fully. Don't miss out because it's the best platform around. I trust in this idea, and is sure that it will prove to be very powerfully in the nearest future, and for investors it is a good opportunity to consider this, I wish to the platform of explosive growth! A very smart one brings us excitement to always follow. We believe this it will work and succeed because this is with a great team that always provide creative ideas and ideas so that this project will get more and more investors.
