The Blockchain technology has been widely touted as the greatest human invention after the internet and electricity, and it is easy to see why. Being a promising technology expected to play a critical part in the future, this distributed ledger technology gives the world what each industry has been missing. Naturally, with a blockchain-powered system, you can record and transfer data, store them in a hacker-proof system, and maintain its transparency.
However, even with the mad jostle that surrounds adoption of this technology and participating in the various ICOs, everything else is still subject to a caveat emptor. There have been tons of scam projects, including those that fund illegal motives and terror activities. And this has dealt a big blow to the industry that should no doubt shape the future.
In, Comes Befund
Befund platform is expected to change this and indeed change forever. The decentralized fund platform is designed to allow interested crypto investors depend on the skills of fund analysts and earn capital and networking opportunities. A mega token sale on the same is slated for May 16, 2018.
The team behind this platform is a Singapore-based non-profit organization that aims to assemble a team of venture capitalists. When the venture experts are finally brought on board, they will be expected to study and analyze various blockchain-based projects on behalf of non-savvy investors. Ideally, these guys will be tasked with using the in-depth due diligence, technical and management expertise to advance the agenda of the platform.
Experts say the challenges currently hampering the cryptocurrency market’s growth are expected. Even the high-profile scam projects, Ponzi schemes and everything that’s packaged as scam ICO is okay. But there are those which could be prevented.
Like, when a company has a lucrative business idea, but doesn’t adhere to fundamental stages of conducting an ICO, and thus the plan fails in the long run. There are also the issues around blockchain and cryptocurrencies being hard to sell because maybe no one is interested in buying the coins because they are perplexing. Once again, much as this is understandable, ignorance or not willing to teach the buyer ends up denying a business that much-needed funding.
Befund Cryptocurrency Token Fund Service Plans
Partly, the platform plans to have fund managers hoping to launch their tokens (cryptocurrencies). It will then teach them the nitty-gritty on building products that correspond to SaaS tools – including wallets, management tools, and subscription platforms.
In the long term basis, Befund.io will build a blockchain-powered monetary ecosystem that will inspire unity all across the financial industry. It will include such factors as implementing compliance audit services and issuing valuation reports to those within the ecosystem. And to add a little bit of pomp and glamour, all users will be afforded free financial planning advice as they interact with the experts on board.
Befund BFDT Token ICO Details
- Token Symbol: BFDT
- Token Sale Date: TBD
- Accepted Payment Method: ETH, BTC
- Total Supply: 2 billion
- Token Standard: Ethereum
- Hard Cap: 800 million
Game-changer is probably an understatement. As per Khalil Lin, the NGO’s director of overseas operations, this platform will revolutionize the industry. The blockchain that powers the platform is called BFDChain and it is the backbone of BFDT token. I doubt if you will be willing to miss the token sale.