Conda ICO (CRWD Token): Blockchain Crowdfinancing Network?
We currently live in a world where a startup can raise funds in an instance via an ICO. Despite this, there are still issues that are evident in this area. This has led to some entrepreneurs missing opportunities to help them find the funding they need for their businesses. Conda has been designed as a crypto-based platform that will help to support small businesses via the use of a simplified crowdfunding platform.
About Conda CRWD
Conda CRWD is designed to work as a decentralized clearing system, which can be used to raise funds for small businesses with the blockchain. The developers see this platform as the future of investment since it allows for funds to be raised in a transparent and secure manner.
What Makes Conda Stand Out
The parent company for Conda has been around since 2013. Over the years, it has expanded and even launched a crowd investing platform. A team of skilled experts, who have been working with crypto for years, developed the platform. Besides that, Conda has successfully financed over 90 projects and managed to raise Capital of over €20 million.
According to some legal experts, Conda is operating in the clear. Besides that, the company has all the legal paperwork that is needed by a company that operates in the UK.
Based on the Blockchain
The company has already established its own ecosystem with the help of blockchain technology. This sets it apart from existing investment platforms. With this platform, you will be able to receive funds globally. It also helps to cut down costs of raising funds, allowing for maximum utility for the users regardless of where they live.
The CRWD Token
To power the ecosystem, Conda will utilize the CRWD token. The tokens will be fully functional in countries listed in the Conda site. The tokens will also be used for the loyalty program. When companies use this ecosystem to raise funds, they pay a small fee. Five percent of this sum will be used to create a loyalty program.
The R&D Program
After the ICO, 4% of all funds collected will go towards an R&D program. This program will entail researching new technology that could be used to make the ecosystem even better.
All money that investors invest will be represented as tokenized equity on the blockchain. That means if an investor purchase 20% of tokens in a tokenized equity offering, they will own 20% of the investment offer.
To standardize the process of tokenizing equity offerings, they will utilize a tokenized equity-offering generator. This is a program, which runs on the blockchain that lets anyone use it to set up a tokenized equity offering. No programming skills are needed to use it. During the creation, a crowdsale contract is created, which defines the terms and conditions of the offering.
There will be 45 million CRWD tokens created. However, only 50% of these tokens will be offered during the pre-ICO and main ICO. Those who take part in the pre-ICO that starts on June 2 will get a bonus. Tokens can be purchased in EUR, BTC, and ETH.