Crowdholding has a new task!

Click on the link below, give your opinion and earn YUPIES!

https://www.crowdholding.com/project/68/task/293/how-should-we-utilize-user-profiles

Hello riemannmolds

We do, what languages can you translate? Please send me a private message and we can discuss in more detail

Another article about Crowdholding.

http://www.newsbtc.com/2017/11/10/rethinking-innovation-crowdfunding-innovators-come-together/

Here is an article written by Newsbtc about how Crowdholding is rethinking and changing the relationship between startups and innovation. Enjoy

http://www.newsbtc.com/2017/11/10/rethinking-innovation-crowdfunding-innovators-come-together/

Here is a nice article written by Kingscrown about Crowdholding!

https://steemit.com/ethereum/@kingscrown/crowdholding-platform-ico-facilitating-communication-between-businesses-and-the-public

Crowdholding want to know from you what factors make you decide to invest in an ICO. Our COO, Paolo Lacche, has written an article from his point of view on the importance of the product factor when assessing the potential of an ICO.

Read the article, give us your opinion and you will receive YUPIES in the process! What are you waiting for?

http://bit.ly/2jdIjAb

Thank you for the great article alinapavlovichcc! We are always happy when someone wants to help us spread the concept of Crowdholding.

Dear smartJEV,

thank you for your response and for looking into Crowdholding. Here are our responses from the last round of your questions.

Yes, but please tell how are you going to improve existing services, let’s operate only facts. How are you going to beat already established projects? What's unique about you? Why your project is better?

I like to think about Crowdholding as a new kind of social media platform, where we offer standardization of the communication between customers and businesses. When big companies want to have social media coverage they hire some social media manager that has nothing in common with the company and then the social media posts are just promo of the businesses. Our solution is to create bridge, so the customers/the crowd will be present at the decision-making processes within the companies. So in the end businesses will better match and access customer’s needs.  
The same for startups except that startups usually do not have enough people and underestimate to validate the ideas and future products with their customers.

Did you made any research about crowdsourcing users? Are you really believe they will fund startups? Crowdsourcers and crowdfunders are from different segments.

We have been studying crowdsourcing for a year and a half. Let me recommend you a book that has a chapter about the future of crowdsourcing, to have a better understanding of our vision. It’s called Bold, by Peter Diamandis. In addition, we used a lot of resources of a thesis from a PhD student from Stockholm University regarding crowdsourcing. Just wrote her to get permission if I can publicly share it here on bitcointalk. When she gives the go ahead we will share it with all of you

We are building a hierarchy system similar to what you see here on bitcointalk. The more Yupies you hold the more features you unlock. Thus, if you’re a newbie, you will only be allowed to post in the beginning a few times a day. If you buy or invest with the Yupie in our application you also earn more in the hierarchy system. Thus, encouraging our users to hold on to our Yupie as we gain the critical mass, and when we offer them the ability to invest in our projects, they spend our Yupies to increase their hierarchy position.


We also provided some giants from crowdsourcing industry - Innocentive, IdeaConnection, Yet2.com, Hypios. Platforms with millions of users already, who do the same.

The difference between us and them is that all ideas are public on our application. Instead of hiding them from public view, we encourage everyone to vote and comment. Every person can bring a valuable skill. These applications range to more hand picked experts. You can’t just sign in and participate in the discussion within seconds, which you can do instantly with us and earn tokens. Our opinion is that the wisdom of the crowd brings better value. When you connect it with the business revenue, they keep following and staying with the business. If the business succeeds, so does their customers.


In green you objecting to yourself.
Regarding crowdsourcing  and crowdfunding you still didnt explained me why I cant use famous, millions of users crowdsourcing platform first and after, for crowdfunding I will use specialised crowdfunding platform. Both of them are specialising in what they do. Why I need 2 in 1 solution? Business development is not head washing where 3 saved minutes has any point. You dont do business that often  And I prefer my business will be on platforms which can give max outcome. Explain why are you better in crowdsourcing compared to the market leaders and why are you better in crowdfunding compared to the market leaders.


With us, your comment is worth something, and you get paid in our cryptocurrency. In fact, on average 10% of a company's revenue goes towards advertising. Are solution, is giving it directly to your customers and skipping these ad agencies, co create and share in the success. We gain the crowd first by offering salaries, then we move on to the others. When our users hold a lot of Yupies they then can reinvest this in our businesses and hold a security asset (% of revenue). We will mimic a real marketplace specifically for a deflation economy. That’s the vision of CH. Don’t think it as a 1 and 2 solution. It’s a road map where we enter these markets. First, we gain the crowd by offering tokens, so that they have tokens to later spend by funding and then buying products as mentioned above.

The facts you provide are inaccurate and not related to a point.
Majority of users in crowdsourcing are people with low income, doesn't matter which country they are located in. The earnings in crowdsourcing are compared low. Crowdsoursers are from the same segment as ICO bounty hunters. Are you seeing in them your potential investors? You think people who can spent all day spamming in facebook for few dollars, or testing a game in your case, can be effective investor?

If you want to oppose me, please provide me user behaviour research from your segment. (Actually its should be like “Must do” if you asking to invest 50M. in your business)

From your statement this means that majority of Quora users must be poor too, when in fact you look at these profiles of people that are up voted with top comments, they are unique professionals. Nevertheless, you make a good point. It will be crucial in our roadmap to target and bring in investors who want to own revenue of our businesses but don’t want to participate by commenting. Future features on our app, will let business choose specific users to be part of think tanks, who support them the most and show promise with exceptional ideas.. So both private and public tasks we see being built in the future.

Not clear why you have separated IT development and Team costs. Aren't product developed by a team?

Simple mistake here. Each department has it’s own budget. IT team is just our highest costs, that’s why we separated it. Will make sure to edit the WP. We are building everything in house from marketing, sales and development. This will be big for us in the long run because we can build capacity and be fast.

Crowdholding has launched a new task! Help us grow our community by joining our telegram chat and get YUPIES!

http://bit.ly/2Asi3X3

Our CMO is presenting at ICOConf.io - ICO Conference in Moscow today!

Hello AngolianJasonaka,

You can see how the money will be allocated and all our future ideas by reading our whitepaper. (Page 12) 

https://ico.crowdholding.com/docs/crowdholding_whitepaper.pdf?v=3 (whitepaper)

If you have any more questions, feel free to ask me via private message or writing on our thread. I hope this answers your question.

Crowdholding has launched their second 24 hour task! Click on the link below, complete the task and earn YUPIES, but hurry you only have 24 hours!

(YUPIES will be distributed after the task has finished)

http://bit.ly/2lVBcxn

You are very welcome ninjaskip,

If you have any other queries or questions, feel free to ask on this thread or send me a private message.

Join our telegram channel to keep up to date with all news relating to Crowdholding!

Here at Crowdholding, we believe that transparency is key to creating a strong relationship between projects and the crowd, so we have created a FAQ to answer the most popular questions.

If you have any other questions, please join our telegram channel where you can chat to our team!

https://t.me/Crowdholding

http://bit.ly/2AofHZq

Hello smartJEV,

thank you for the response, we are happy to always discuss our vision / ICO as we believe that transparency is key and is one of the main components that is missing from a large amount of ICO's. We are reading through your responses and we will get back to you later today.

Part three will be about the marketing aspect of an ICO, and will be coming out later today

Thank you for the kind words, if you have any questions feel free to ask.

Hello smartJEV and thank you for taking the time to review us. We would like to discuss some discrepancies after reading your review.

"The idea of a project is not unique or new one. Crowdholding platform is a mix between crowdsourcing and crowdfunding."

Ideas don't have to be completely unique or new for them to be the foundation of an amazing product. Facebook improving on Myspace would be a great example, or Slack improving on mIRC.

Likewise, we aim to improve on the current options available for crowdsourcing (Crowdsourcing 2.0), and feel that our product is already beginning to achieve this. Pushing development forward and getting market share is the next challenge, which the ICO is helping address.

Crowdsourcing is a specific sourcing model in which individuals or organizations use contributions from Internet users to obtain needed services or ideas.
Crowdfunding is the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet.

Crowdholding is a consumer-to-business model in which individuals contribute services and ideas to build a better businesses together with entrepreneurs and then fund the ventures by contributing small amounts of money.

Both has a huge competitors, such as kickstarter.com and indiegogo.com in crowdfunding, also blockchain based cofound.it, weifund.io, kickico.com, waves and many more.

We are not aiming to become Kickstarter, KickICO, Indiegogo or another crowdfunding platform. The model behind our business promotes collaboration and co-creation between the businesses which share their revenue with supporters, so you can experience the entrepreneurial venture and help businesses succeed. Only after a business has been verified by the crowd, it opens up for raising capital.

And Innocentive, IdeaConnection, Yet2.com, Hypios as a crowdsourcing platform. Does the market needs 2 in 1 solution? Probably no, as most of crowdsourcing users in general are not investors and having low purchasing power."

And how can you support your claim that the market does not need a 2 in 1 solution? Crowdsourcing users are the ones building the business with ideas and services, but individuals with higher buying power will join the platform, feeling secure about investing as the businesses are already supported by a crowd of supporters.

Let’s dig deeper in the examples of competitors you have provided:
Innocentive users consist predominantly of people from higher-income coutnries: 37% US citizens, 10% Japanese (https://www.similarweb.com/website/innocentive.com#overview).
IdeaConnection also has a majority of their users coming from USA (https://www.similarweb.com/website/ideaconnection.com#overview)
The other websites mentioned Hypios is ranked at 5,000,000 by Alexa (https://www.alexa.com/siteinfo/hypios-ci.com) and Yet2.com is at 3,300,000 in Alexa (https://www.similarweb.com/website/yet2.com#overview);     

Not only crowdsourcing users are originating from countries with high purchasing powers, but also the competition is weak and there is enough space for new player.

High commission, 5% of ICO campaign. To compare, already established kickico.com platform offers 4% commision. Moreover kickico.com is specializing in crowdfunding, their users purchasing power potentially is much higher.

We don’t take 5%!
Example: A new Game Development company launches on Crowdholding and dedicates 5% of the revenue from game. Supporters contribute ideas on how to improve the game and get awarded a share of earnings. Let’s go through the math:
The Game Development company makes 500,000$ in sales;
Supporters receive 5% or 25,000$;
Crowdholding takes 10% fee or 2,500$;
Subsequently, the Game Development company decides they want to scale operations and increase awareness, for which they need 15,000,000$. Now, the company already has an active following and can easily spread the word about the crowdfunding campaign. Together with the crowd, we ensure the success of the crowdfunding campaign and take a 5% fee from the funds collected.
Kickstarter operates with 5% commission and KICKico specializes in crowdfunding, not in building better businesses that are worth to be funded. An average ICO investor contributes around 70$ which not out of the budget for individual investors. After all, a campaign is more successful when backed with larger number of smaller investors rather than a few players holding most of the company’s tokens.

Lack of information about business development...

There is a whole section about “Business Development” in Whitepaper so not sure where this is coming from. 

...no information about marketing steps.

We use and will continue to use promotional tools/channels aimed at covering the whole Marketing Funnel and they are are as follows:

Awareness:
Youtube: Interviews with startup CEOs, Firechats with CEO and other C-level executives, Live Streams with Q&A, Summary/Elevator pitch of Crowdholding projects.
Facebook, Google+, LinkedIn: (Groups related to different topics such as Finance, Crypto, Startups and etc.
Twitter, Pinterest (Regular posts with relevant hashtags)
Events & Presentations: Participating in Meetups, attending and presenting industry events in Europe, Asia & USA). 
Journalist Promoted Articles (Proactive outreach to influencers in the sphere and sponsored articles)
Blog Posts (External blogs about our business created by thought leaders, influencers and active supporters)
Google Adwords & Facebook advertising (Upper-funnel targeting: Affiliate, Interests, Demographic and Geographic targeting.)
SEO
Interactive Media (Repurposing content and turning it into Infographics, Powerpoint presentations, GIFs that will be actively shared through all channels)
Reddit & Quora (Broad topics on economy, finance & entrepreneurships).
 
Consideration:
Google Adwords & Facebook advertising (In-market/Similar Audiences/Topics/Affinity)
Google Search (category generic/mid funnel).
Rewards (Additional stimulation in the form of YUPIE tokens for signing up and contributing)
Guest Blogs (Regularly bloggers will be invited to contribute to the corporate’s blog with their own original content. The favor will be returned when we post on their blog).
Sharing Contests (Enlarging the pool of people who potentially will be interested in our platform via people who already have expressed interest).
Reddit & Quora (Relevant topics on crowdsourcing & Crowdfunding, Financing).

Action:
Email (Acquiring and contacting email lists from events we attend and from relevant media outlets).
Online Chat (Continuous support via chat to attract people closest to the conversion point)
Google Adwords & Facebook (Lower-funnel targeting, Dynamic Remarketing/Remarketing/Contextual product-drive)
Google Search (Brand/Product Lower Funnel).

Repeat:
Newsletters (Delivering regular updates & promotions to Newsletter sign-ups)
Notifications (Email push notifications linked to actions performed on Crowdholding)
Affiliate (Third-party websites that can deliver leads on a CPA basis).
Ratings (Increasing the number of websites that review projects on Crowdholding and rate it).

Loyalty:
Loyalty Rewards (Different schemes will be introduced to reward loyal users with additional YUPIE tokens).
Referral Bonus (To stimulate adoption, current users will receive bonus whenever they refer a great business to join Crowdholding).
Exclusive Content (Users of Crowdholding will receive exclusive access to internal reports, updates about the startups and promotional activities available only to them).
Webinars & Consultations (Organizing regulars webinars with educational purposes, holding consultations with active members to make the best users feel completely involved in the process).
The above is only a brief outline of the activities that we plan for marketing our platform and expanding the user base.

Crowdholding plans to be backed by 10 fintech startups, and because of that they are hoping that eventually startups will join the platform themselves.

We already have had several startups who have joined the platform during the Alpha and Beta stage. The projects can be found in the ‘legacy’ section of the website. With our launch, we will have 10 fintech startups (already 3 are onboarded) and we have a list 35 startups to chose from. As we are awarding 5% of the YUPIE tokens to these startups, we are taking time with onboarding the best startups.

No clear information about allocation of funds.

Spending allocation is clearly shown in the Whitepaper under “Spending Allocation”

Unsold tokens will be burned (+)

The team tokens will be reverse vested with a 6-month cliff and then linearly vested over 18 months, with the team wallet publicly auditable.

Huge difference between soft and hard caps (-)

Initially, we had a clear idea of how to utilize the 50M$ and that involved opening new branches and starting additional services parallel to the main business. However our priorities shifted and the focus is now entirely on the business itself, therefore we realistically aim for 10 million $. Nevertheless, we burn all unsold YUPIE tokens and that supports the value of our token.

To finish this up, this rating makes us an underdog, and as a team we love to see this. This motivates us to prove to you all, we are the real deal. Follow us on our journey, and let's change the world to make a decentralized market where you the people choose who you want to work for, not the other way around.

PROJECT TEAM

CEO Ethan Clime has an experience with fundraising on Kickstarter and project management, also other team members have experience, but they’re not very well known.

And can you please specify if popularity is the factor by which you judge team members? What about checking how many friends on Facebook everybody has? You say the team has experience but give a ⅗ rating, please elaborate.

INVESTMENT POTENTIAL

Short term Milestones are relatively soon (+)

The clientbase at now is very small (-)

The platform is still in BETA, before launching their ICO, KICKico had only a couple of projects. There are 35 businesses in the pipeline and the best will be presented on Crowdholding.

Long term: Big competitors (-)

This only means there is a market. The big competitors you state are either in their initial stages of development or are not a direct competition at all.

No clear vision about the future (-)

We have clearly shown in our Roadmap what we should achieve in the next 2 years.

No visible competitive advantage (-)

The difference between us and cofound.it for example is that we utilize the “Wisdom of the Crowd”. It is proved that the crowd makes better decisions that individuals or experts.

With us, the community aspect is key. Businesses are nurtured and launched into success by the crowd.

There are blockchain-based competitors like Cofound.it and Starbase.co which rely on experts to foster startups just like an accelerator. Also, there are non-blockchain competitors like Quirky.com and Firstbuild.com which have the community to produce ideas, but these companies take the ideas and act as the Marketing, Sales, Development, Legal, Distribution for those selling the products at expo festivals and via their online stores. We facilitate the collaboration between businesses and society, ensuring mutual prosperity for both.

The next paragraph describes in detail why the crowd is better at making decisions. The wisdom of the crowd makes decisions better than individuals or even experts.

We are building a decentralized open innovation platform where the power does not fully reside in one expert, and many of the important decisions are better made based on the local and specific knowledge rather than by an omniscient or farseeing expert. It is a platform that fosters and is fed by specialization. The closer a person is to a problem, the more likely he or she is to have a good solution to it. The greatest weakness of such a decentralized system is that there's no guarantee that valuable information which is uncovered in one part of the system will find its way through the rest of the system. Sometimes valuable information never gets disseminated. However, our decentralized system can produce genuinely intelligent results as there is a means of aggregating the information of everyone in the system.

The are academics like Scott Page (the professor, not the saxophonist) wrote the following equation in his book related to the diversity prediction theorem:
Collective error = average individual error – prediction diversity

The average individual error is a reflection of ability, and the prediction diversity reflects how different the individual answers are. The equation basically states that if you have a group of incentivized, or otherwise motivated individuals, with diverse backgrounds, the crowd will always predict more accurately than the average person. Yes that is always, not sometimes. Of interest, the collective is often better than many of the experts in a particular field.

The world we live in today is built on inflationary currencies, everything is created with the simple principle: you have to spend your money. But what if it was based on deflationary currencies?

Below is an article written by Milan (The Chief Crypto Officer at Crowdholding). What do you think about the concept?

https://medium.com/@crowdholding/is-money-burning-an-economic-savior-learn-about-the-yupie-b5ddb4f49d60