Cryptfunder is a decentralized online platform that does financing for blockchain companies and startup ICOs in the crypto community. It aims at completely changing the process of Cryptocurrency ICO funding by decentralizing it and ensuring that the most deserving projects are the ones that receive funding.
Using its expert analysts, it will be able to identify the best fintech candidates that deserve funding from the numerous applicants. In exchange for the funding, Cryptfunder will require Pre-ICO tokens from the companies at a discounted rate or commission from the crowd sale.
The criteria used in selection of the candidate include potential market value of their technology, applications of the technology, and the team making up the company. After the selection of the candidate, the funding process begins.
Why Is CryptFunder?
The main aim of funding ICOs and companies is to ensure that lack of insufficient funds does not hamper their success. Companies or startups that would like to be considered in funding can apply online through the Cryptfunder online application module that has a comprehensive application process to ensure the application process runs smoothly.
The platform has three products: ICO starter, CF30, and ICO performance modules
Funding will be done using the Cryptfunder CFND token, which will also be used to store value holding of the tokens. The token is ERC20 compliant with an Ethereum basis to ensure transparency and security. The tokens have a CF smart contract that will be used for token generation, transfer of the tokens after completion of the ICO, and finally to refund the ICO participants when achievement of the soft cap does not happen.
Why Invest In Cryptfunder
The platform has put in place measures to ensure that it is secure at Pre-ICO and Post-ICO by performing security self-evaluation and performing third party audits regularly.
It also adopted the use of software that will ensure security breaches such as hacking and DDO attacks are impossible. This further guarantees that the applicant’s data and investor's tokens are secure.
It funds blockchain projects that deserve it and in doing so have a positive impact in the crypto market. Through funding of projects, legitimacy and value is introduced into the market, which makes investing in the portfolio very profitable while at same time benefiting the crypto community.
In exchange for funding, it receives numerous Pre-ICO tokens on discounts, which in turn, it holds for a long period in order to maximize growth and value for the Cryptfunder token and therefore benefiting the token holders.
The CF30 token portfolio will be made up of the best tokens as selected by the platform. The portfolio’s value will increase in time, as Cryptfunder is the main token holder. Through its measures such as securing the holdings and using cold storages, it will ensure the security of the tokens in the portfolio.
Reduction In ICO Failures
The platform has put in place mitigation solutions in order to ensure that ICOs are launched successfully. It will also act as a consulting agency to the startups on risks that they might face in the launch.
CryptFunder ICO Details
- Token Symbol: CFND
- Token Sale Starts: May 5, 2018
- Token Sale Ends: July 8, 2018
- Token Price: 0.003 ethereum per token
- Total Supply: 40 Million CFND
- Token Standard:ERC 20
- Soft Cap: 6,000 ETH
- Hard Cap: 60,000 ETH