The last few dozens of years can truly be called the era of innovativeness and creativity. New world-changing ideas and projects emerge every single day. It often happens that such ideas come into brilliant minds of people who do not have enough funds to develop them. That is why we have crowdfunding that helps thousands of people around the world to realize their concepts and bring them to life. The most popular crowdfunding sites include the likes of Kickstarter. Although they do collect huge amounts of money, only the citizens of developed countries can hope to get some help using these services. That is why, the world still lacks a simple and accessible service to conduct crowdfunding.
What is Boomstarter? What problems is it meant to solve?
Boomstarter is a decentralized platform based on the blockchain technology. It was created by example of Kickstarter and has a goal of helping its users to raise funds to implement their ideas into life. Boomstarter started out in 2012, it has successfully helped about 2000 startups and involved 250 thousand investors. The project treats all of its customers equally, regardless of the sphere of activity, level of popularity. However, due to restrictions of payment providers it was limited to operating only in Eastern Europe. It will start the new era of crowdfunding on blockchain where all the worthy startups can get a chance and raise funds. Using blockchain will ensure the transparency, security and speed of all the transaction on the platform.
How does it all work?
- You register your idea/project/concept on Boomstarter.Network
- Sponsors see it and invest cryptocurrency or computing power
- You get the funds and realize your idea
- Sponsors receive cashback
During the ICO, the price of Boomstarter Coin (the intra-platform token) climbs from $0.8 to $2. It was created on ERC20 Ethereum blockchain protocol. The total token supply going for sale is 27 million pieces. The project has a soft cap of 3 million US dollars and a hard cap of 20 million US dollars. The minimum investment amount is $50. You can purchase BC tokens with BTC or ETH. The main stage of the ICO started on the 6th of August and will last till late October.
If you want to find out more details on this project, or you want to become an investor, or you are a project author that needs a crowdfunding service, please, visit the official website.
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