1confirmation: Decentralized Application Development Blockchain?
1Confirmation is a blockchain-based program that seeks to support entrepreneurs who support the decentralization of the web and society.
What Is 1confirmation?
It is possible that in the next ten years, the world will adopt complete decentralization as more people around the world move toward the use of cryptography and blockchain to empower people. The team behind 1Confirmation feels lucky to be involved in playing a role in this major shift.
Why 1confirmation Decentralized App Development Blockchain?
Many people disregard decentralization as a shapeless deal that will end nowhere. However, the team behind 1Confirmation believes the opposite. Decentralization offers practical purposes such as:
Bringing Power To The People:
In today’s systems, everything is centralized either in corporations or in governments. In that situation, leadership groups collude in schemes that only benefit themselves and neglect the masses that are less coordinated. However, in decentralized platforms, it is difficult for anyone or any group of people to conduct schemes that will benefit them only at the expense of other participants. Against this backdrop, bitcoin and the blockchain technology has empowered people through decentralization. More opportunities are emerging as well.
Security And Reliability:
While some attacks have been launched on decentralized platforms, it is easier for hackers to penetrate a centralized system than a decentralized one. Decentralization introduces several multiple nodes instead of a centralized node that is easier for cyber criminals to manipulate. This leads to more reliability and security. Decentralization is improving and perhaps the most important trend in human history.
The idea of entrepreneurs supporting decentralization is good. 1Confirmation seeks to raise money toward this cause. While raising money is not an easy project, the Ethereum platform makes it easier for people to do it through token offerings drawn from a global investor pool with a demonstrated appetite to fund fresh projects. This is not to eradicate the role of professional venture capital investor, as many might think.
The view of 1Confirmation is that there is a huge need for investors who can dedicate their skills, time, and energy to support entrepreneurs at the earliest stage of product development.
1confirmation Raising Funds For Long-Term Project
Raising a large amount of money before a product launch can be luring, but it’s not a better way to raise money for a long-term success. A better approach would be to raise good capital to fund a project in its initial stages.
That is where 1Confirmation comes into play. Once a product is up and running with a compliant legal approach in place, it gives way to do a major token sale to the crowd. This step gives ownership of the product to users and creates a stronger network effects for bootstrapping.
1Confrmation seeks to make initial investments between $50,000 and $750,000 worth of tokens, equity, SAFTs, SAFEs, and other projects that may come up in future. Apart from fundraising, 1Confirmation supports their clients through business development, community building, and marketing. They also undertake a disciplined evaluation process with a strong connection of engineers, legal experts, and business people.