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Boomstarter.Network (BC)

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Blockchain for Startups to Make Money. Worldwide.

The first global fundraising platform based on crypto, blockchain and smart contracts. Eliminating geographical restrictions. Bringing transaction speed and mining tools to earn and support fundraising goals.

Tags
Commerce & Advertising
Trading & Investing
Charity & Donations
Marketplace
Start Date
June 27th 2018 12:00 UTC
- -Days
- -Hours
- -Mins
- -Secs
End Date
October 31st 2018 23:59 UTC
- -Days
- -Hours
- -Mins
- -Secs
Restricted Countries
United States
Tokens for sale
27,000,000

Team

Advisors

Boomstarter.Network Token Distribution

  • Tokensale27,000,000 BC75.00%
  • Team3,600,000 BC10.00%
  • Partners & Advisors3,240,000 BC9.00%
  • First purchasers1,800,000 BC5.00%
  • Referral program360,000 BC1.00%

Milestones

  • May 2012

    Boomstarter technological crowdfunding platform launch in Russia

  • Sep 2015

    Number of successful fundraising projects reaches 1000

  • Apr 2016

    Number of registered platforms users exceeds 500,000

  • Nov 2017

    Market and solutions research for smart crowdfunding

  • Jan 2018

    Definition of the concept and technology of smart crowdfunding

Questions

Why is your company going to succeed?

Boomstarter.Network aims to remove third parties involved in all existing crowdfunding operations. They are payment operators and banks that set their restrictions. One of the major hurdles is long processing time of transactions, that sometimes takes weeks, between startups and buyers. Another problem is that biggest platforms only allow entrepreneurs from a handful of developed countries. As a result, only a third of the worldwide entrepreneurial community is served by existing crowdfunding platforms.

The idea of Boomstarter.Network is to add blockchain technology to the existing profitable business. Smart contracts on the Ethereum network will replace intermediaries. The potential is solid: the global market size for rewards-based crowdfunding in 2017 was over $6.5 billion dollars, with an almost 50% uptick from a year earlier.

With the classical crowdfunding market projected to slow down in the coming years, the use of distributed ledger is a strong growth driver. It is capable to empower the millions of entrepreneurs worldwide who were previously not allowed to launch their campaigns, discriminated by banks and payment systems.

Where did your team members meet originally?

The co-founders originally met in Moscow, Russia, in 2012 and launched Boomstarter, a classical crowdfunding platform. It later became the largest in Eastern Europe serving IT and business startups. It has been operating profitably ever since.

What are the top five risks you see for your business?

On the list of top risks is the appearance of a strong competitor. However, we have not seen any other upcoming product that would use the blockchain technology to remove the inefficiencies that the crowdfunding industry is facing globally.