FundYourselfNow, a global cryptocurrency crowdfunding platform, announced earlier this week it is set to launch in the first quarter of 2018. The funding portal revealed:
“The year 2016 saw over $200 million worth of cryptocurrency investments raised though the ICO (Initial Coin Offering) process. But creating and launching an ICO campaign requires expert technical and marketing knowledge which may not be everyone’s forte. FundYourselfNow makes the whole process easier by enabling “project creators” to get their ideas funded by global backers. The project creators on FundYourselfNow will be able to create virtual tokens to offer unique customized rewards to the backers and helpers contributing towards the project. These tokens can also be traded or sold on the platform’s marketplace on a later date.”
According to the creators of the platform, FundYourselfNow is being built over an Ethereum platform and a significant portion of the site has already been completed, with preparations to introduce Bitcoin support in the future through Rootstock. Jack Ser, CEO of FundYourselfNow, stated:
“With the recent mainstream acceptance of virtual currencies such as Bitcoin, we want to build an ecosystem that offers entrepreneurs an alternative funding raising platform for their product, with minimal technical and marketing knowledge.”
FundYourselfNow recently closed its initial seed funding round, which angel investors led by Carlos Salas invested. Salas shared:
“We believe that FundYourselfNow addresses many existing problems in the traditional crowdfunding model such as accountability, high transaction costs and lack of project support. FundYourselfNow has capable people, process innovators and expert domain knowledge for successful execution.”
Funds from the seed round will go towards FundYourselfNow’s platform development and enable easy crowdfunding through virtual currencies and allow users to seek assistances for their initiatives. The platform added it scheduled its upcoming ICO on June 2nd, offering an opportunity for investors to be a part of the new crowdfunding movement.