The year 2016 saw over $200 million worth of cryptocurrency investments raised though the ICO (Initial Coin Offering) process. But creating and launching an ICO campaign requires expert technical and marketing knowledge which may not be everyone's forte. FundYourselfNow makes the whole process easier by enabling "project creators" to get their ideas funded by global backers. The project creators on FundYourselfNow will be able to create virtual tokens to offer unique customized rewards to the backers and helpers contributing towards the project. These tokens can also be traded or sold on the platform's marketplace on a later date.
"With the recent mainstream acceptance of virtual currencies such as Bitcoin, we want to build an ecosystem that offers entrepreneurs an alternative funding raising platform for their product, with minimal technical and marketing knowledge."
— Jack Ser, CEO of FundYourselfNow
FundYourselfNow is built over Ethereum platform, leveraging on its groundbreaking smart contract capabilities. As the platform gears up for the upcoming crowdsale, the FundYourselfNow team has already completed a significant portion of the development. They are also preparing to introduce Bitcoin support in the future via Rootstock.
The smart contracts on FundYourselfNow are designed to bring in accountability to the crowdfunding ecosystem. The milestone-based payment option allows backers to vote for stopping or delaying the payment and get their money back if the project fails to deliver on its promises. The mechanism solves a major problem currently faced by many traditional crowdfunding and crowdinvesting platforms like Kickstarter.
FundYourselfNow has successfully closed an initial seed funding round where angel investors led by Carlos Salas have invested in the platform. He is an accomplished businessman with directorship positions in multiple global companies and was recently chosen as the CEO of Success Dragon International, a Hong Kong-listed entity.
"We believe that FundYourselfNow addresses many existing problems in the traditional crowdfunding model such as accountability, high transaction costs and lack of project support. FundYourselfNow has capable people, process innovators and expert domain knowledge for successful execution." — Carlos Salas.
The initial seed fund will be utilized by FundYourselfNow to develop the platform further, enabling easy crowdfunding through virtual currencies while allowing users to seek assistance for their fundraising campaigns. The involvement of Carlos as an investor in the company validates FundYourselfNow's value proposition, and it will go a long way in helping the platform bring virtual currency based crowdfunding to the masses.
In order to gain a separate legal status for the platform, Pinnacle Digital has acquired Caxton Worldwide Success Limited. Led by Pinnacle Digital's team, FundYourselfNow will continue to raise funds and proceed with further development under the banner of Caxton Worldwide Success Limited.
The FundYourselfNow platform is due for release in Q1 2018. The platform has scheduled its upcoming ICO on June 2nd, 2017, offering an opportunity for investors to be a part of the new crowdfunding movement.
Founded in 2014, FundYourselfNow is being developed by Singapore-based Pinnacle Digital Pte Ltd. The revolutionary crowdfunding platform is designed using the latest in blockchain technology to ensure easy funding for project creators. It also brings in greater accountability for backers, along with expert advice from project helpers.
Pinnacle Digital's team has deep expertise in software development. They have so far designed multiple web applications for clients from across the world.
About Pinnacle Digital
Pinnacle Digital is one of the leading technology services firms in Singapore and part of Pinnacle One Consultancy. The company caters to a long list of corporates, providing them web application services. Pinnacle Digital has recently acquired Caxton Worldwide Success Limited, a British Virgin Islands company. FundYourselfNow will soon start operating under the newly acquired company, led by the same old Pinnacle Digital team to earn a recognition of its own in the market.
FundYourselfNow is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
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