The cryptocurrency world has changed the way we think about crowdfunding and early-stage investment. Just a few years ago, startup funding involved rigorous screening processes by venture capitalists; today, companies raise tens of millions of dollars with barely more than a whitepaper.
It's a great time to raise money, but for investors this comes with increased risk. The regulation-free environment of token sales means that in the event of a mismanagement of funds, early investors have few legal options to turn to in order to recover funds or influence a company's business strategy.
That's why SmartContractChain is building a platform that will harness the best of both worlds, providing entrepreneurs and creatives with access to funds, while guaranteeing the security of investors' money.
SmartContractChain will leverage not only the power of cryptocurrency for rapid fund distribution, but also tap into the logical and provably transparent nature of smart contracts to ensure that dividends are assigned to investors in an auditable, immutable manner, all delivered across the stable and scalable Ethereum blockchain.