Blockchain
SeedOn begins onboarding ahead of the upcoming launch of its web3.0 crowdfunding platform
SeedOn, a blockchain-based crowdfunding platform, starts officially accepting projects. Built on the Binance Smart Chain, the platform leverages its unique smart-contract escrow model to verify projects on three levels before they can start raising funds, offering the highest level of security and transparency. The expected launch of SeedOn’s platform will take place in late Q3.
In North America, $17.2 billion is generated through crowdfunding each year. Despite the ease of use and the potential to rapidly acquire cash, most crowdfunding platforms operating today come with inherent risks for project creators and investors. For project creators the risk revolves around privacy and the safeguarding of sensitive details, and for investors it has to do with fraud. While some of these crowdfunding platforms have made attempts to combat scams and fraudulent projects, the vast majority fail to effectively protect both investors and entrepreneurs.
SeedOn’s platform makes equity crowdfunding safer for investors and entrepreneurs alike by leveraging the transparency provided by blockchain technology. The platform releases the raised funds in stages based on the achievement of specific milestones, returning remaining funds if a project falls short of any milestone. Projects looking to raise money on SeedOn undergo a three-step verification procedure before they are approved. The startup screening process starts with an AI algorithm checking for copyright infringements, and ultimately ends up with a human manually checking and validating the AI system’s findings. SeedOn protects project creators by requiring investors to sign an NDA, which protects intellectual property by only allowing registered investors access to the project’s sensitive information.
To participate in a SeedOn crowdfunding campaign, investors simply purchase SEON, SeedOn’s native token, on a public exchange to then deposit into the SeedOn Finance wallet. Users can also pay with fiat money either directly on SeedOn—which is then converted to SEON on the platform’s backend—to raise the balance of SEON in the investor’s wallet, or pay directly through the crowdfunding campaign investment section, offering a viable option to non-crypto holders. SeedOn offered two pre-sales, one private and one public, during SEON’s token launch in December 2021, collectively raising $1.4 million and selling out the second presale in under five hours.
“We are currently vetting a handful of projects for our platform, and we are excited to onboard innovative Web3.0 projects and start the process of transforming the crowdfunding industry,” says Constantin-Claudiu Minea, Co-founder and CEO of SeedOn. “Equity crowdfunding provides great value for both investor and project creator, but transparency and security are a necessity. This is exactly why we built our solution on blockchain and developed our smart contract escrow model.”
According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
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Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.
The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.
KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.
The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.
Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.
Source: cryptonewsz.com
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