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Blockchain Startup Incubator Cryptfunder Announces Platform and Token Sale

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by Maria Konash · 4 min read
Blockchain Startup Incubator Cryptfunder Announces Platform and Token Sale
Photo: Cryptfunder

Cryptfunder platform sets new standards for ICOs thoroughly selecting genuinely innovative projects from the zillions of others introduced to the market.

Until now, the prevalent method for blockchain startups to raise funding for their project has been through initial coin offerings (ICOs). Since 2017, that market has exploded in size, introducing new challenges for the industry and ICO participants.

Challenges in the Industry

It’s worth noting that the ICO era is still in its infantile stages, with governments and institutions around the world still wrestling with how to classify tokens, tax them and regulate the industry for consumer safety.

In some countries, this has resulted in stifling ICO and exchange bans. However, as mentioned before, the industry has made very new and decisive progress on the matter.

Regardless of the ongoing bureaucratic and political discourse, ICO ‘fever’ isn’t letting up, in fact, it’s growing at quite some pace. ICO funding in 2017 managed to make over $5 billion USD in total, and that figure has already been surpassed this year – by the end of March 2018, 200 hundred ICOs had managed to accumulate 6.3 Billion USD.

With regulations entering the space, the likelihood is that scam and fraudulent ICOs will thin out, and soon there will be a dizzying amount of legitimate and genuinely innovative ICOs on the market. In addition, too much choice could be a problem for investors and the startups attempting to raise funds for their projects, which could inadvertently cause a creative startup to go unnoticed.

Cryptfunder Improving Upon ICO Standards

As the industry evolves, it’s necessary for market practices to do so also, and some are attempting to shake-up traditional ICO participation conventions – some like Cryptfunder.

The Cryptfunder project is tackling the present practices by developing a platform that plays host to a carefully vetted ICOs selected by it expert analysts, who collectively possess broad and substantial industry experience.

Cryptfunder believes in the blockchain community, as well as aiding in the funding of ICOs that go above and beyond the established mold, show great promise, and have a demonstrably bountiful vision for their future. The analysts will be able to determine which ICOs are appropriate for the platform by examining the above factors and real-life/real-world applications of the respective projects, the utility of the technology proposed, and the team behind the startup.

The Cryptfunder platform will have three key ‘modules’ as part of its infrastructure and ecosystem, to provide the highest quality of ICOs, transparent ICO performance data and a carefully curated portfolio of 30 other cryptocurrencies to back the value of the platform’s native token CFND.

The CF30 list is the name of the portfolio, as mentioned above. Cryptfunder will acquire these tokens using roughly 10% of the funds raised from the Cryptfunder ICO crowdsale. The tokens listed are a combination of top-tier, mid-cap and higher risk tokens; listed tokens will show the most exceptional growth, stability and projected long-term gain potential.

The ICO starter module will provide ICOs and other exchanges with funding in exchange for discounted pre-ICO or other tokens. Offering the top picks, Cryptfunder will be building its platform to be one that outperforms the majority of modern fundraising conventions.

Finally, the Performance module offers a unique means for Cryptfunder to publicly display its CFND and CF30 portfolio capitalization, as well as individual token holding and net growth gains.

Cryptfunder Token Sale

The Cryptfunder ICO for the CFND token is begins today, May 25th, 2018, 9pm UTC and will run till July 8th, 2018, 9pm UTC, or till 20,000,000 CFND tokens have been sold. The initial value of CFND is 0.003 ETH per CFND.

Literally all the participants have the chance to benefit from bonuses depending on the date their investment is done. Early birds (contributions made before May 29th) will get the largest 15% bonus, while those, who decides to invest after June 9th will receive generous 2% – the bonus rate falls gradually each 4 days of the event. Investors with contributions made after June 14th buy CFND  at standard rate.

Blockchain News, News
Maria Konash
Editor-in-Chief Maria Konash

Being a successful graduate of Belarusian State Economic University (BSEU), Maria has acquired competencies in economic and social studies. Given Maria’s previous research working experience, and desire to explore what's really shaping the future, the main research focus is placed on FinTech and Blockchain Technology.

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