Categories: CryptoNews

EtherParty Announces New ICO Platform for Blockchain Startups

Crowdfunding and cryptocurrency can form an intriguing and powerful combination over time. Rather than rely on ICOs in their current form, EtherParty is ready to take this concept to a whole new level. Some blockchain startups have already signed up with this new platform as a way to raise capital moving forward.

EtherParty Improves Upon the ICO Model

It is evident that blockchain technology can transform a lot of business ideas. To do so, however, companies will need a lot of money to build up their infrastructures. Raising such vast amounts of money has proven somewhat difficult in the past, although most companies see a lot of success by embracing the Initial Coin Offering model. Even so, the ICO concept is still subject to many pitfalls.

EtherParty wants to make a positive impact in this regard. The company primarily focuses on smart contract technology, which is already used by most ICO projects these days. With such contracts, tokens are automatically distributed to investors as soon as their money is transferred. Even so, EtherParty sees a lot of room for improvement when it comes to hosting ICOs using smart contracts. Several blockchain startups seem to agree with this vision.

Importantly, the EtherParty ICO model does not require weeks or months to complete. Instead, companies can focus their attention on building and marketing their projects in a more efficient and streamlined fashion. There is no reason for them to worry about token creation or the development of smart contract code for crowdfunding efforts themselves. It seems EtherParty will provide an all-in-one solution which will be of great interest to a lot of companies.

EtherParty has been working on its crowdfunding application for some time now. It is the first blockchain-based solution which the company will offer moving forward, although it may be the only one to focus on crowdfunding and ICOs. Depending on how this particular project evolves, more functionality may be added over time, though. We do know that EtherParty’s tools will utilize the FUEL token to pay for access to platform functions and tools.

Among the blockchain startups to sign up for this new crowdfunding platform are the companies working together with the Vanbex Group. They will all launch their tokens and crowdfunding projects on this new platform in the future, although no official dates have been announced as of right now. It seems the first projects may come to this new platform this spring. By that time, the product should officially become available to users.

More competition in the area of organizing ICOs can only be considered a good thing. In most cases, projects use the same standard Ethereum-based template with some minor modifications. However, there can always be issues with the code used for such contracts, which is why EtherParty may become a worthy alternative. Its approach focuses on providing secure solutions which – seemingly –  have been audited before being shared with the public.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Recent Posts

Bitcoin Price Watch: Currency Remains Where It Is

At press time, the father of cryptocurrencies hasn’t moved from its previous position, and is still trading for approximately $6,100.…

15 hours ago

Top 7 Ways to Protect Yourself Against Cryptojacking

Cryptojacking is on the rise. In fact, it’s now one of the fastest-growing types of cybercrime. And here’s the real…

16 hours ago

Swiss Economy Head Wants Switzerland to Become a Crypto and Blockchain Nation

Johann N. Schneider-Ammann, the head of Switzerland’s Department of Economic Affairs, has said that blockchain technology will undoubtedly penetrate the…

17 hours ago

EOS Suspends 27 Accounts with No Reasons Given, Community Upset over Centralization

In a tweet, one member of an online cryptocurrency community revealed that EOS has instructed block producers to censor transactions…

18 hours ago

Is Walmart Poised to Become a Major Blockchain Player?

Semantics aside, the world of blockchain technology represents a new paradigm in the way businesses interact and operate. When its…

19 hours ago

Blockchain Academic Research Bolstered by Stanford’s New Blockchain Research Center

Stanford University has launched an initiative that will be dedicated to the research and development of blockchain technology. The Center…

20 hours ago