Ever since blockchain-based funding became commonplace, many entrepreneurs have benefitted. This funding model offered a decentralized framework that bypassed unnecessary paperwork and gave access to an international network of investors. While it fostered an entrepreneurial spirit, the system also became susceptible to quick-rich schemes that cheated investors of their money. This led to many losing trusts in blockchain-based crowdfunding. However, all hope was not lost!
Understanding the difficulties the different players in the market face, especially the investors, a new crowdfunding model was formulated.
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