Crowdfunding news

The practice of funding a project or venture by raising small amounts of money from a large number of people.

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Litecoin Foundation seeks funds for a crowdfunding system and receives more than their target

Litecoin Foundation’s co-founder, Xinxi Wang revealed that the foundation is considering releasing a “project-based community crowdfunding system.” This system is said to be very similar to the one that the team of privacy-focused platform Monero uses.  Litecoin Foundation required 45 LTC to meet its two milestones which are to develop the system and its maintenance […] The post Litecoin Foundation seeks funds for a crowdfunding system and receives more than their target appeared first on AMBCrypto.
AMBCrypto

UK Fintech Curve Fastest Startup Ever to Reach £4m Crowdfunding on Crowdcube

Curve, the over-the-top banking platform which consolidates multiple cards and accounts into one smart card and one even smarter app, has smashed records by raising £4million just minutes after launching its first ever crowdfunding campaign, making it the fastest startup to reach the figure in history. Last month, Curve announced plans to launch a seven figure crowdfunding campaign for early September, with plans to raise £1million. However, just 42 minutes after launching to pre-registered customers, Curve had raised four times that figure, breaking records in the process. The current overfunding amount stands at £5million. Curve has also broken records for the number of investors investing in a campaign through the Crowdcube platform, beating the previous record-holder Chip, who had around 6,500 investors. Crowdcube is the world’s first and largest equity crowdfunding platform and boasts a remarkable track record for successful Fintech crowdfunding for some of the brightest UK businesses such as Monzo, Nutmeg, and Freetrade. Crowdfund target beaten in under five minutes, overfunding surpasses £5 million Shachar Bialick, Founder and CEO of Curve said: “Curve customers are the beating heart of Curve and the unprecedented success of our first ever funding round demonstrates their faith in the business and shows the world that people are ready for a revolution in finance. We have been blown away by this record breaking investment from the Curve community and we are delighted to welcome them on board our mission to move banking to the cloud and change the world of finance forever.” Luke Lang, co-founder of Crowdcube, said: “Curve has brilliantly inspired its community with its vision to create a better financial world, its innovative product and ambitious team. The impressive level of investment underlines the strong bond Curve has with its community, who clearly believe in the company and I’m sure will help supercharge its next phase of growth.” Curve is growing its customer base and team size at phenomenal speed and now has over 500,000 customers as well as employing over 160 people across its offices in London and Bristol. The business has already raised over £60Million to date since it first burst on to the fintech scene in 2018 and is on track to welcome its millionth customer by the end of the year. “Curve has brilliantly inspired its community with its vision to create a better financial world, its innovative product and ambitious team” From as little as £10, investors in the crowdfunding round will get their hands on an exclusive limited edition red investor card, with additional swag and benefits for those who invest up to £1000. Investors who invest £1000 or more, will receive the exclusive limited edition investor metal card alongside many other Curve exclusives. For more details please visit www.curve.app/invest Curve’s crowdfunding announcement comes amid a wave of new product launches on Curve’s platform. In June, Curve launched Curve Cash which gives Curve customers unlimited 1% instant cashback at leading retailers such as Amazon, Uber, Spotify, Netflix, Tesco, Sainsbury’s and over 100 more retailers.  Earlier this year, Curve launched enhanced Curve Customer Protection, protecting customers for purchases made up to £100,000, and Curve subscriptions with Travel Insurance, Gadget Insurance and access to over 1000 airport lounges worldwide. Risk warning Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Please note that past performance is not a reliable indicator of future results. The post UK Fintech Curve Fastest Startup Ever to Reach £4m Crowdfunding on Crowdcube appeared first on The Fintech Times.
The Fintech Times

UK Fintech Curve Launching its First Ever Crowdfunding Campaign

Curve, the over-the-top banking platform which consolidates multiple cards and accounts into one smart card and one even smarter app, is launching a seven figure crowdfunding campaign this September. Curve is valued at a quarter of a billion dollars which positions the company firmly amongst the UK’s most exciting scaleups; Transferwise, Monzo, Revolut and Starling, and has raised over $70m to date. Over 500,000 people have flocked to Curve and signed up to its All Your Cards in One smart card and app since it burst on to the fintech scene in 2018. The business is experiencing an extraordinary period of growth both in customer base and team size, growing to over 160 employees, and is set to double its customer base to around 1 million by the end of the year. For the first time ever, Curve will be offering eligible customers a chance to invest in and own a part of Europe’s hottest fintech start-up. Eligible Curve customers will be able to invest from as little as £10 to own part of the business and gain access to some exclusive shareholder rewards. Curve’s decision to crowdfund comes following continued demand from its customers to open up an allocation of investment and give its loyal fans the opportunity to become a key part of Curve’s success. Curve is working with the world’s first and largest equity crowdfunding platform, Crowdcube, which boasts a remarkable track record for successful Fintech crowdfunding for some of the brightest UK businesses such as Monzo, Nutmeg, Freetrade, and Revolut. Curve will be offering eligible customers a chance to invest in and own a part of Europe’s hottest fintech start-up. Crowdcube will enable eligible customers to invest at the same Series B valuation as renowned institutional investors such as Gauss Ventures, Creditease, Cathay Innovation, IDC Ventures, Santander InnoVentures, Breega, Seedcamp, Speedinvest and Outward VC (previously Investec’s INVC fund). Shachar Bialick, Founder and CEO of Curve said: “We’ve always had a radical vision at Curve. Our aspirations are huge. We’re working to revolutionise the world of finance and move banking to the cloud. We’re building an Over-The-Top Banking Platform that simplifies your life and saves you money. No small feat. Whilst we may still be in the early stages of our journey, we’re extremely proud of our progress so far and we’re beyond excited for what’s to come”. “Curve’s crowdfund campaign presents an exceptional opportunity for our eligible customers to invest in a product they love and a business that is growing at a phenomenal rate. Innovation at Curve is constant, and we will be rolling out a series of game changing benefits and functionalities, while continuing our growth into Europe in the months ahead” added Bialick. There will be a finite amount of investment available and participation will be allocated on a first come first serve basis. Eligible customers who pre-register before September through Curve’s crowdfunding page here, will be granted exclusive early access to invest. Curve’s crowdfunding announcement comes amid a wave of new product launches on Curve’s platform. In June, Curve launched Curve Cash which gives Curve customers unlimited 1% instant cashback at leading retailers such as Amazon, Uber, Spotify, Netflix, Tesco, Sainsbury and over 100 more retailers.  Earlier this year, Curve launched enhanced Curve Customer Protection, protecting customers for purchases made up to £100,000, access to Travel Insurance, Gadget Insurance and over 1000 airport lounges worldwide. Risk warning Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Please note that past performance is not a reliable indicator of future results. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority (No 650205). The post UK Fintech Curve Launching its First Ever Crowdfunding Campaign appeared first on The Fintech Times.
The Fintech Times

Meet The SCO: NULS Trials Alternative Crowdfunding Method

NULS, an enterprise-focused blockchain platform, has announced the successful test of its innovative staking service, dubbed Staked Coin Output (SCO). The system leverages NULS’ existing staking infrastructure to provide an inexpensive, low-commitment alternative to ICO’s or STO’s, allowing nascent projects to obtain funding without actually receiving direct monetary contributions. The platform features two types of nodes responsible for ensuring its security: consensus nodes that create blocks, and validation nodes which confirm them. Stakers need to put up at least 2,000 NULS (~$860) into a consensus node to be able to become a validation node. Both are normally rewarded with NULS for their contribution, but with the SCO system, that can change. An SCO project can launch its own consensus node, accepting tokens from the stakers and rewarding them with their own project token, instead of NULS. The consensus node then receives the NULS rewards that would ordinarily to the stakers. The system is completely voluntary. Validators can choose their commission levels, getting back a portion of the NULS obtained from their stake that ranges from 10% to 99%. The system is not meant as a true replacement of the ICO/IEO, positioning itself as primarily a way for new projects to gauge public interest in them. By launching an SCO, the NULS network becomes more secure through additional participation in the consensus, the early contributors receive inexpensive tokens, and the projects learn how their project is received by the community, in addition to a limited amount of funding. NULS Co-Founder Reaper Ran is enthusiastic about the concept, likening the SCO to college: “SCO can fast track top-tier projects and help spur innovation that the NULS community wants,” he said. “It’s like sending your kid to college before having them jump into the ‘real world.’ “ But the new model does have significant advantages over earlier crowdfunding models, Ran added.  “Developers that participate have near-zero overhead, and the NULS network effect means that successful SCO projects are able to approach the market with confidence.”  Aleph, the project that pioneered the new system, was able to obtain staking rewards from more than 2,100,000 NULS (~$930,000) that were devoted towards its nodes. A second project, Hena, is already planning to launch the next SCO. With the successful test, NULS is planning to expand the SCO ecosystem through SCO Labs, an alliance of public chains, incubators, exchanges and other actors that will support SCO projects in their efforts. In addition, the Bibox project has pledged to build a DEX on the NULS platform, allowing projects to launch trading for their tokens immediately after the distribution event.    The post Meet The SCO: NULS Trials Alternative Crowdfunding Method appeared first on Crypto Briefing.
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HUGE Altcoin Updates! Stellar, Binance US, Tomochain, Digibyte, NEO, Monero, Bitcoin Bakkt

Binance Adds BNB to Binance US https://finance.yahoo.com/news/binance-us-adding-7th-coin-102155751.html A brief history of the world of crypto. Plus, all of the latest news and updates from the Stellar Developers ecosystem https://medium.com/stellar-community/stellar-dev-digest-issue-14-ea71609a22b0 How TomoChain’s TomoZ intends to take on Ethereum market share! https://twitter.com/TomoChainANN/status/1173152916888096768 https://twitter.com/Altcoinbuzzio/status/1172575745584971777 https://www.altcoinbuzz.io/crypto-news/product-release/how-tomochains-tomoz-intends-to-take-on-ethereum-market-share/ Virtual Rehab with Virtual Reality is now solving real-world problems https://cryptodaily.co.uk/2019/09/apple-entry-blockchain-via-rumoured-vr-project https://www.zerohedge.com/news/2019-09-09/virtual-reality-now-solving-real-world-problems Celer Network and NEO Are Launching a Partnership https://www.altcoinbuzz.io/crypto-news/partnerships/celer-network-and-neo-are-launching-a-partnership/ Bitcoin #Bakkt Tweet https://twitter.com/Bakkt/status/1173683919687966720 Big! #Monero ready to use Zcoin’s Privacy protocol https://www.altcoinbuzz.io/crypto-news/product-release/big-monero-ready-to-use-zcoin-privacy-protocol/ #digibyte lists on UpHold https://twitter.com/DigiByteCoin/status/1173623829652004866 #bitcoin #cryptocurrency #altcoin #altcoins #crypto #btc $BTC #bitcoinprice #ethereum #electroneum #cardano #enjin #crypto.com #hpb #digibyte #bitcoinnews #btcnews #libra #chainlink #ripple #xrp #xrpripple #binance #bitcoinnewstoday #cryptonews #litecoin #cryptocurrencynews #news Bitcoin cryptocurrency altcoin altcoins crypto btc $BTC bitcoin price ethereum electroneum enjin crypto.com cardano digibyte bitcoin news btc libra chainlink ripple xrp ripple Binance bitcoin news today crypto news Litecoin cryptocurrency news hpb high performance blockchain $xrp $enj $etn $ltc $dgb $ada NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Celsius Network Offers up To 12% APR on USDC, TUSD, USDT and Other Stablecoins

The Celsius app offers the industry highest rates and supports six different stablecoins all eligible to earn up to 12.03% annually with interest paid out weekly Celsius Network (https://celsius.network/), the industry-leading cryptocurrency platform, announces today it has increased interest rates for stablecoin deposits to 12.03% APR. Users who choose to earn interest in Celsius Network's blockchain-based CEL token can earn up to 30% more than the 9.25% depositors who are paid in-kind on their coins. Celsius is raising its rates because it is consistently earning higher returns on its deposits and distributes 80% of its income to its depositors; as it earns more, it distributes more. Unlike other platforms, ...Full story available on Benzinga.com
Benzinga

VanEck, SolidX Pull Bitcoin ETF Filing From SEC Consideration

Less than two weeks after VanEck and SolidX rolled out the VanEck SolidX Bitcoin Trust ETF (XBTC), a bitcoin exchange traded product aimed at institutional investors, the firms said they're withdrawing plans for bitcoin exchange traded fund aimed at a broader swath of investors. What Happened The ETF issuer and the fintech firm pulled the filing from consideration by the Securities and Exchange Commission on Sept. 13. The agency had delayed an ultimate decision on that product, as it has with various other bitcoin ETF proposals, several times, but was facing a hard and fast deadline of Oct. 18 to approve or disapprove the VanEck SolidX Bitcoin Trust. “Tuesday’s filing marks the second time VanEck and SolidX withdrew the proposed ETF. ...Full story available on Benzinga.com
Benzinga

IOTA Introduces Chronicle Permanode to Amend Scalability Issues

IOTA, a permissionless trust protocol designed to revolutionize the Internet of Things (IoT) ecosystem by facilitating a frictionless exchange of value between machines and humans, has announced the launch of Chronicle, a permanode solution the team hopes will give node operators an unlimited amount of storage space in their Tangle distributed database, according to aRead MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager

Wells Fargo Plans Blockchain-Based Internal Settlement Services

The world’s fourth-largest bank, Wells Fargo, announced plans to use its digital token to pilot internal settlement services, which would run on its distributed ledger technology (DLT) platform. Per the press release September 17, 2019, the pilot project is expected to take off in 2020 and would initially focus on USD transfers.  Digital Token forRead MoreRead More. The post by Anthonia Isichei appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager
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