Evolution of Minexcoin payment system. (Part 3)

Over the last years crowdfunding has been replacing all other sources of new project financing. This is being done for an ulterior motive: crowdfunding has a number of advantages that makes it so popular:

● Accessibility

● Market analysis (Prompt feedbacks from the future consumers and investors)

● Startup advertising

● Large investment volume (no geographical boundaries for investors)

According to http://crowdexpert.com/, in 2012, crowdfunding platforms have financed projects in the amount of $2.7 billion, in 2013 — $6.1 billion, in 2014 — $16.2 billion, and in 2015 — $34.4 billion.

Source: http://crowdexpert.com/crowdfunding-industry-statistics/

Each year the amount of investments though crowdfunding is doubling.

We believe that in the following years crowdfunding will grow even faster. One of the reasons for it is the blockchain technology.

How blockchain will change crowdfunding

Blockchain provided a possibility to represent startup’s shares through issuing tokens with a high level of security and transparency.

Projects that provide tokens during crowdfunding have more chances for successful financing compared to those that do otherwise. First of all, availability of tokens provides investors with a possibility to leave the project by selling tokens. Secondly, when token is traded on the exchange, its price reflects real state of the project. From this perspective, we can say that in the future most crowdfunding projects will use tokens.

Existing solutions and their disadvantages

Today, existing solutions on token issuing do not meet market needs. The process of token issuing on such platforms is quite complicated and requires certain knowledge.

We believe that such platforms should be as user-friendly as possible, so that everyone could issue tokens. Developers are bent on technical aspects of platform, forgetting about those for whom such platforms are created. As the result, these solutions are in little demand due to their operational complexity.

MinexPlatform — solution

Taking into account the market need for such a tool, as well as disadvantages of existing platforms, we decided to enrich Minex Ecosystem by adding a new element — MinexPlatform.

The task of MinexPlatform is to meet market requirements, providing necessary functionality and easiness of token creation process. When thinking over the concept of the platform, we tried to make it as user-friendly as possible.

In order to create a token for your project using MinexPlatform, you’ll need only 30 seconds.

After the creation of tokens, they are automatically added to the exchange, so you don’t need to make additional efforts for their listing.

MinexPlatform also has a possibility to customize the wallet for both Android and web versions, as well as to change its name. Now, in addition to the issue of your company’s shares, you can also provide investors with branded wallets for assets storing.

Taking into account the growth of the amount of fraudulent projects that launch tokens, the platform will also feature MinexAnalytics section. It will include all necessary data about the created projects, so that investors could get more information about the projects that have issued tokens, securing themselves from investing in unfair project.

Conclusion

Following the market requirements, we’ve decided to create such a platform.

We hope that MinexPlatform will take the process of projects financing and digital assets issuing to the new level that will result in simplification of the process of receiving funds in the existing economy. This solution will allow innovative projects to get more funding quickly and launch their products on the market faster we well.

In our next post we will talk about MinexExchange, which is the inevitable part of MinexPlatform, in more details.

All created digital assets will be traded only for minexcoins. Between May 15 and June 13, there will be an ICO, during which you’ll be able to get coins at low price and bonuses and use them for purchasing any company’s share or other digital assets created on MinexPlatform. In order to get coins, please register on the ICO page: https://minexcoin.com/ref/3064