There are lots of startups which come up every year but according to a survey only 25% of it are able to make it through. There are various reasons why a startup could not progress. One of the reasons is funding. Creators of various startups find it difficult to go ahead due to lack of fundings.
We have all heard of Kickstarter, IndieGoGO, 40 Billion, Funding4Learning, FirstGiving, Spot.us, FundedToday and many more, these are the popular way for raising funds by the public for creative projects. The immense expansion of the cryptos in market has made various startups to invest in cryptocurency for fund raising.
Cryptoassist Cryptstarter is one such platform which will provide cryptocurrency crowdfunding feature. This feature allows startups to raise funds for their projects or products and the promoter or backers can pay with cryptocurrencies without converting it into fiat.
The project creators includes a timeline that will list the proposed schedule for milestones in the development of the project. Users of the Cryptassist Cryptstarter application will be able to communicate with the creators of the project and voice their opinion and advice.
A social features will be there in the application where CTA (Cryptassist Coin) holders will be able to participate into discussions, leave comments and rate the projects. This ensures that the potential investors or backers have access to board information on projects before committing to them. The fees of this service will be paid in CTA, while the fund raised will be sent to creators in fiat, to protect the creators from volatility of the crypto market.
Users will be able to back a project using any of the top 100 cryptocurrencies (except any exclusion listed in Cryptassist website) as listed on CoinMarketCap at the start of the project.
Cryptstarter will require KYC (Know Your Customer) for both project creators and backers to track that project creators deliver their products or services when the project has finished.
OVERVIEW OF CTA CRYPTSTARTER FEATURES:
> Cryptassist will be the escrow between the backer and the creator.
> Project creators can list projects for the lowest possible fee.
> Crowdfunding to raise money for creative physical products.
> Timelines to ensure accountability.
> Unique benefits for each project for CTA holders.
> Social features allow CTA holders to participate in discussions, leave comments and rate projects.
> Detailed information available to potential backers before committing.
> Support any project using any cryptocurrency which will be converted to fiat using our exchange.
Cryptassist will provide a transparent platform for both creators and backers which will help the creators grow and bring out their idea/project to everyone.
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