Place/Date: Prague, Czech Republic - May 22nd, 2018 at 7:42 pm UTC · 3 min read
Contact: Kseniya Prydybailo, Source: Crowdholding
Crowdholding’s platform upgrades and now YUP token payments are on the Ethereum Blockchain. Users can now instantly withdraw tokens earned as a reward for co-creating with businesses. More than 25 blockchain startups, including established ones such as Deep Onion, Intelligent Trading Foundation, and Peculium, award tokens for bounties on Crowdholding.
Ethan Clime, CEO of Crowdholding commented;
“We are on the verge of connecting users and businesses through smart contracts in a trusted and transparent environment, allowing tokens to seamlessly move from our clients to users through the Ethereum blockchain network.”
The YUP token is built on the Ethereum platform and is used to access the Crowdholding ecosystem. Soon users will be able to use YUP to invest, purchase products and services. Businesses invest YUP and other ERC20 tokens to manage ideas and bounty campaigns as well as co-create with the community.
As the interests of everyone are aligned, the larger the ecosystem, the more liquid and valuable YUP becomes. In the next few months we aim to grow to 10,000 daily active users and host over 100 businesses which we estimate will boost the YUP value significantly. The YUP token is already traded on 3 exchanges (IDEX, OctaEx, CoinHub).
Crowdholding has grown exponentially since raising $2 million from their token sale in January 2018 and now has 17,000 signed-up users. This is because Crowdholding provides value beyond bounty campaigns, as the community can directly collaborate with blockchain startups to co-create, crowdfund and build better businesses.
Given the decentralized nature of blockchain projects, Crowdholding provides great value for both pre- and post-token sales projects helping to gain traction and raise awareness. Businesses can launch different types of tasks where supporters put their unique skills to work by contributing to the growth of various blockchain businesses in exchange for YUP and ERC20 tokens.
Ethan Clime stated;
“We are aiming to facilitate the world’s potential through co-creation. With 80% of the developed world going online, online communities are providing an astonishing way for people to interact with each other, learn new skills, solve issues and discuss and debate. Since July 2016 we have been working hard to create the perfect the co-creation platform for businesses and the community”.
Having made significant progress, the Crowdholding team is also working on launching a crowdfunding module, where users will be able to re-invest their YUP tokens into other blockchain projects.
Disclaimer Crowdholding is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose.This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.