Blockchain technology is unarguably one of the most potent innovations in the past few decades. It has opened up a plethora of use cases in various industry verticals with the help of blockchain projects that brings exceptional utility for global users. However, a blockchain project requires several ingredients in the right proportions to be successful.
One of the essential ingredients is funding, which is done using different crowdfunding processes. Like any other investment, crowdfunding also acts as a monetary vote of confidence from the investors for the project. However, crowdfunding processes such as ICOs (Initial Coin Offering) have gained a tainted reputation as some shady tactic to prey on investors and evade accountability.
This unfair reputation is because most crypto and blockchain projects can raise hundreds of millions of dollars for the project’s development while requiring considerably less. Moreover, only some projects are transparent about the utilisation of the acquired funds, creating a rather opaque fundraising process.
Escrow Protocol aims to create a fair fundraising environment by leveraging financial security to manage DeFi Funds and making Blockchain more secure. Their projects provide smart contracts with to-be respected agreements for the investment process to achieve its vision of “No More Scams”.
More Trust and Minimized Risk with Escrow Protocol
Escrow Protocol is a blockchain-based Web3 Oracle platform that investors can use to fund start-ups while retaining control of their contributions in a transparent environment. The project…