Have you ever had a great idea and wanted to do it but you didn’t had the necessary funds? In 2017, this is barely a problem. With the rise of the internet more and more people started to use crowdfunding websites to start their projects. That’s what Crowdnext want to do – but better!
Crowdnext is next Generation Decentralized peer to peer crowdfunding on Ethereum Network. Using smart contracts, Crowdnext wants to offer the opportunity to replace the traditional crowd funding systems with a powerful one using the blockchain technology. New features of accountability and transparency will be brought in the game by implementing the blockchain technology and therefore increasing the trust factor between the contributors and the entrepreneurs.
Crowdnext, the blockchain crowdfunding company have some key features that makes it different from a normal crowdfunding one. Firstly, it uses the blockchain technology and therefore it can record transaction in a secure, transparent, decentralized and low-cost way. Secondly, Crowdnext uses smart contracts – which offers a massive flexibility compared to a normal crowdfunding network. Also, there’s also possible a registration of shares using the ethereum technology. All the investors can purchase shares of the company and not only that – the shares are stored in the open ledger system where all the parties and shareholders can monitor the development and growth.
Personally, I think the Crowdnext idea of implementing the blockchain technology in the crowd funding field is one of the best I’ve heard this year. In 2016, there was an estimation of 2000 crowd funding platforms worldwide – with different niches and purposes. Some of them looked to help people launch the next business unicorn while others only wanted to make the world a better place. Crowdnext could bring something new and fresh in this business by allowing people to invest in companies using cryptocurrency.
The Crowdnext main revenue will come from users successfully raise funds in a digital form for the project, idea, business or product. As they mention in their business plan, Crowdnext will also accept ICOs in their crowd funding platform. Users who want to invest with Crowdnext must understand however that they will be able to do this by investing only cryptocurrency – not USD or any kind of FIAT currency. Each project will pay a fee to Crowdnext, if their crowdfunding will be successful – they haven’t said a number yet but they said it will be among the lowest in the industry . Another good thing is the fact that Crowdnext plans to launch their own product affiliation system – where users can list their products on Crowdnext website after their funding was successful.
Their average client will be an entrepreneur or an already known business that is seeking to raise digital capital for a new project, service, business or product. The client must be familiar with the idea of crowdfunding and should be able to provide a digital token for crypto currency. The owners of the business are Srini Chakwal, Founder & CEO of Crowdnext Corp who has more than 15 years of experience in the online industry and Chris Ocansey, Vice President of Crowdnext Corp, with over 15 years of experience in the finance industry. They plan to bring Crowdnext on the first place in the top of the crowd funding platforms.
For people that are interested in the idea, there’s a good part. Crowdnext will have their own ICO soon this year. The symbol of the Crowdnext token will be CNX and they estimate they will obtain between $50 million and 100$ miilion in the ICO token sales. Right now they haven’t mentioned the exact number of tokens sold on the ICO – but more news are coming on their website. Be sure to subscribe to their newsletter so you find out news about them easier.
Crowdnext is one of the most interesting blockchain projects I’ve heard in the past days. Their idea to create a decentralized peer to peer crowdfunding network based on the Ethereum blockchain has a great potential and hopefully in the future years we’ll hear from a lot of businesses started because they were founded by Crowdnext.