Swarm brings Bitcoin technology into crowdfunding
The market for crowdfunding platforms has recently started a new fellow: Swarm his name, and should clean up with some adversity around the topic swarm Financing
To achieve this goal, Swarm is currently funding itself and that after exactly the principle with which it obsolete in the future, not only leading crowdfunding platforms like Kickstarter and Indiegogo want to do. Swarm is based on a new protocol after Bitcoin 2.0 technology, the less said the currency itself than its follow-up technique to raise capital. The “Counterparty” called the Bitcoin protocol allows the user to create a digital wallet and above to trade property rights in the form of shares in the startup or project. To create a virtual wallet and above to trade property rights in the form of shares of
The case Oculus Rift:. Swarm promises more than T-Shirts
detachment of middlemen such as banks or crowdfunding platforms is it as a result of the decentralization of the Swarm financing. The flows according Swarm-founder and CEO Joel Dietz in closer alignment between startups and fans and promotes a community fair conditions.
Why are used, shows the case Oculus Rift, which has highlighted the risk of financial unilateral successful crowdfunding projects. The data collected glasses on Kickstarter first two million dollars, but was later sold for two billion dollars to Facebook. The Supported, in this case, the paying fans, saw nothing of this money, however. “I backed Oculus Rift On Kickstarter And All I Got Was This Lousy T-Shirt”, it illustrates Dietz ‘platform on their websiteWith Swarm this should change. Besides some software projects on open- source basis are to be financed at the start of the platform about to SpaceX owned small satellites via crowdfunding. These companies give out virtual coins, each one of them represents one of these satellites. So who buys such a coin, which also includes a satellite -. Having ownership rights that can be traded and transferred alike
Interesting concept with question mark
Next Dietz want this crowdfunding push through a “simple as Tinder” push-to-use app, which will bring together companies and investors with a tap. All this sounds promising, throws in the early stage – in which the platform is up to date – but still some question marks on. In addition to some legal ambiguities, for example, is not sure how the trust between borrower and lender should be established. Finally, investors go at Swarm with the purchase of coins directly into paying advance, as they provide collateral Kickstarter and Indiegogo with the credit card process, there is not in fact so far Swarm. According to Dietz is already working on the solutions but.