7 Decentralized Cryptocurrency Crowdfunding Platforms
Cryptocurrency crowdfunding works in the same way as traditional crowdfunding, but benefits both the recipient and the donor. This is because cryptocurrencies are generally treated as property, meaning that taxpayers can qualify a cryptocurrency donation as a tax-deductible charitable contribution.
Similarly, crypto crowdfunding allows entrepreneurs and organizations to take advantage of a larger number of domestic and international donors who prefer to donate via blockchain.
As more companies, startups and individuals look to blockchain solutions to secure funding, let’s take a look at seven of the best crypto crowdfunding platforms available in today’s environment:
Kevin Owocki founded Gitcoin in the United States in 2017. It has since become one of the cryptocurrency ecosystem’s most comprehensive solutions for open source software development.
The platform functions as an on-demand space for developers to secure multiple forms of funding for their projects, including crypto crowdfunding.
Some of Gitcoin’s features include fundraising, developer tips, hackathons, project search features, and GitHub integrations.
For investors, Gitcoin’s suite of open source projects means there’s a wide range of options you can contribute to. Quarterly Gitcoin grant rounds also allow for direct investment in specific projects.
Founded in 2017, QuantmRE is a crowdfunding platform specialized in real estate. By allowing investors to build their own property portfolio based on micro-investments in cryptocurrencies in exchange for equity in real estate, it is possible to combine cryptocurrencies with slightly more stable real estate markets.
In addition, property owners can agree to receive investments and gain additional value on their property by allowing cryptocurrency owners to invest in it. It’s an ingenious way for property owners to invest in cryptocurrencies without buying them.
The crowdfunding process is also simple on the platform. Users simply need to register to see if they qualify, apply and receive funds.
RealBlocks was founded by Perrin Quarshie in the United States in 2015. Attracting interest from investment groups such as Morgan Creek, Zelkova Ventures and Crosslink Capital, RealBlocks has established itself as a leading decentralized crowdfunding platform.
RealBlocks is built on a decentralized model using blockchain technology, allowing institutional investors and individuals to invest in real estate.
The process powered by RealBlocks involves the tokenization of physical assets, which breaks down tangible goods into items that can be purchased piece by piece, with the ability to involve multiple investors.
RealBlocks is known for its user-friendliness. Thanks to the platform’s simplified distribution channel, RealBlocks can raise more money through intermediaries and institutional channels.
RealBlocks currently serves over 100 countries and has $77 billion under management.
Tallycoin is a simple crypto crowdfunding platform that offers users easy, free donations, without the need for an official account registration. Funding can be completely anonymous and non-exempt, so investments go directly to their stated goal. All donations go directly to a user-controlled cryptocurrency wallet.
The advantage of Tallycoin is that it is completely easy to use and its installation process is similar to that of a simple website builder. Users simply state their reason, add their wallet information, and wait for secure donations to be received.
And once you get your crypto assets, it’s best to protect them. Here are the most secure wallets you can use to protect your cryptocurrency.
Created by the company that brought us the Red Kite Launchpad, GameFi is one of the largest gaming startups offering development platforms in the crypto landscape.
GameFi is a comprehensive space that can help generate funds for Web3 games in a variety of ways. Not only can investors buy tokens in the OIG project, but they can also buy in-game funds for the projects that inspire them the most.
The platform enables crowdfunding investments for games in different ways. Users can also gain access to the pools through a ticket or token system.
Founded in 2017 by Cornell Holloway, CoinStarter is one of the largest cryptocurrency crowdfunding platforms. Its community-driven structure is a great way for donors to feel more connected to the projects they believe in.
While membership is required to start investing, it allows causes to generate their own subscription models for revenue. This means that a monthly membership fee is paid to access the platform’s broad community, while donations are also subject to transaction fees.
What’s great about this platform is that it’s simplified so that even non-native cryptocurrency users can create their own crowdfunding campaigns. The site is flexible and offers Discord-style rooms that can help projects better identify their target audience and understand their needs.
7. Tecra Space
Tecra Space takes a more traditional approach to crowdfunding. The decentralized space helps to enumerate various projects from patents, digital assets and other intellectual property rights as we break them down and symbolize them.
The site makes it easy for developers to list their projects and offers different timeframes for tokens and their redemption. It is also possible to list projects with different levels of participation and investor benefits, such as access to a digital product or service, approvals or credits, or themed artworks, to name a few. Name just a few.
Projects listed on Tecra Space include video games, decentralized applications, mining operations and renewable energy services, among others.
It’s very easy to start fundraising. You need to open a premium account, create your token and plan your campaign. Once the preparations are complete, you can start fundraising.
Reading for Web3 investment
Although cryptocurrency crowdfunding is still an emerging industry, the future certainly looks bright for community-funded projects as the next generation of the Internet continues to evolve.
Web3 promises to bring a fully open source landscape that allows investors to invest their cryptocurrencies in projects that inspire them. By doing this, we could see more businesses emerge through people power. Through these platforms, we can see many more exciting projects for which traditional forms of financing may have been limited.