Boomstarter.Network is the biggest system to date in Eastern Europe. As of today, it has been responsible for helping pre-sales on tons of startups, now preparing to move their entire platform to blockchain technology for the purpose of improving many aspects of the network. The company hopes they will be able to overcome a series of challenging limitations that have constrained the crowdfunding system from reaching its fullest potential.
Jn contrast to many of the classical crowdfunding platforms, Boomstarter.Network is now giving startups the ability for businesses from any country to pre-sell their future products. It’s become possible because of the blockchain technology as well as digital currencies that are now sweeping the world. Boomstarter.Network will also provide safe cryptocurrency mining tools, so anyone can mine or use the virtual currency to purchase goods and services that startups create with the network.
One of the major goals of the network is to overcome country restrictions. The global leading crowdfunding platforms don’t allow startups to launch fundraising campaigns in countries outside off a somewhat small number of well developed industrialized countries.
Boomstarter.Network is aiming to be the first platform to allow entrepreneurs to raise capital though campaigns in other countries, typically not allowed by most systems. They will democratize the entire experience by giving people the ability to setup their own pre-sale in any country of their choosing.
With Boomstart.Network, startups will be able to get the funds quickly after a pre-order is made. Transactions will also be able to be completed in a matter of a few minutes, while on existing networks it usually takes weeks for the funds to be sent or withdrawn.
Boomstarter.Network also makes it easy for interested parties to pre-order newly developed products while supporting the startups through the mining of cryptocurrency. The platform will also be able to provide new purchasers with a safe tool that is easy to use for creating digital currency with their personal computers.
They’re united as cloud miners, in a pool they have created to improve digital assets while being able to use them to pre-order and support their best startups on the network. They’ll also be able to retain a part of the newly created cryptocurrency for their own personal use.
“We have been operating in the crowdfunding space for six years and we know the challenges that this scene is facing globally. Now with blockchain technology we are able to offer solutions to these shortcomings and provide access to crowdfunding worldwide. When you like the product that a startup on the platform is developing, you can pre-order and help them progress with it. And if you cannot spend your own money, you can show support by mining crypto for them and keeping some of it for yourself,” stated Maria Dokshina, the CEO of Boomstarter.Network as well as specialized fundraising pro.
The new platform will be able to use smart contracts that are build on the Ethereum blockchain to guarantee trust and transparency. They are using computer algorithms to guarantee people will be able to raise funds automatically while receiving the amounts they are due when their preset fundraising goal is achieved.
New blockchain tech gives companies the authenticity they’re looking for when creating startups that use funds they’ve collected. It allows the community to track pre-ordered sales while at the same time offering feedback on the process the entrepreneurs have allocated the money for to develop their new products.
Any businesses that are already well-established often times use crowdfunding tools to test the demand for new products, monitor pre-sales for services and track platforms that are still under development. Not only that, but the system guarantees accountability, the use of blockchain technology is making the fundraising experience more transparent then ever before while at the same time boosting the measurement and analysis of the user experience.