Crowdfunding receives a major kick start this Wednesday, June 17th, as SWARM launches its next generation distributed crowdfunding platform. For the first time in Bitcoin history, founders will have the opportunity to create their own digital token for their next big idea backed by the power and security of Bitcoin. SWARM enables those founders to then launch their next big idea in kickstarter fashion by giving participants the opportunity to receive digital tokens of ownership in the products and services that they are supporting. This is a major change from the traditional kickstarter model where participants only receive digital or physical goods in return for donating to campaigns.
A recent example of how SWARM’s crowdfunding platform may benefit a consumer of tomorrow comes from Oculus Rift. Oculus successfully raised over $2 million dollars using the Kickstarter crowdfunding platform. Oculus then went on to raise $91 million in venture capital, including a major round led by Facebook director Marc Andreessen's firm with an eventual acquisition by Facebook for $2 billion . Had Oculus Rift used SWARM as their vehicle for crowdfunding, each donor would have a vested interest in that eventual acquisition. Instead donors only received garb and special access to developer kits.
SWARM is also looking to fund startup accelerators. Aiming to be one of the first is Decentral.Bangtown; a crypto-community incubator located in Vancouver, British Columbia. They are currently scouting for potential startups to join a supportive and active crypto-environment. The startups could range anywhere from DApps (Decentralized Applications) to general tech companies. Decentral.Bangtown will offer mentorship, education, and foster the community to help the cryptocurrency space flourish. For more information e-mail
contact@decntrl.org
