Crowdfunding Pioneers Indiegogo To Accept ICOs

Crowdfunding Pioneers Indiegogo To Accept ICOs

Together with MicroVentures, the platform is set to offer cryptocurrency funding to clients who prefer this blockchain method. The first startup who is going to take advantage of it is Fan-Controlled Football League. Its aim is to transform American football teams into user-driven.

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One of the most renowned fund raising platforms, Indiegogo, is willing to accept initial coin offerings in the near future.

Together with MicroVentures, the platform is set to offer cryptocurrency funding to clients who prefer this blockchain method. The first startup who is going to take advantage of it is Fan-Controlled Football League. Its aim is to transform American football teams into user-driven.

How is this system going to work? Well, everyone who likes to support startups using ICOs will have to firstly buy Simple Agreements for Future Tokens (SAFTs). Tokens can be used later whenever the investor comes across an interesting project. So far over $915,000 have been raised through this new form of crowdfunding, MicroVentures reports.

Last year Indiegogo started offering equity crowdfunding and now another major step is taken. Having in mind the impact that platform has in the world of crowdfunding, we should expect similar actions by other fundraising systems. Furthermore, Indiegogo is now getting even more popular, considering that cryptocurrencies are on the rise. One of the benefits of the new feature is that it complies with US security regulations.

Crowdfunding is what Indiegogo have been doing for the past 10 years, and now they are just adapting to the novel ways of fundraising. There is no doubt that they start an initiative that will spread across the globe quickly, again establishing themselves as one of the most trustworthy startups on the market. In addition, they cooperate with the law firm Cooley LLP, which of course backs up their valued image.

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