THELOGICALINDIAN - INGBank aloof as any added is aloof an accidental agent amid you and abounding crowdfunding options Today we accept things like the Lighthouse WeiFund or Koinify whichtry to advice those gluttonous to accept crowdfunding for absorbing projects There is no charge forusing centralized crowdfunding anymore nor is there a charge for bankingassistancein accomplishing so
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ING wants to be an agent amid you and the crowdfunding platforms, as declared on its official website. The coffer offers an “alternative antecedent of finance” and “exclusive features” for audience who appetite to try out the crowdfunding abstraction but are too afraid to blazon some words into a chase engine.
Belgian ING wants to appearance that “trust” and “support” are the capital keywords in crowdfunding deeds; admitting that, you charge no trusted intermediates to accomplish a absolute support. They are accessible to go so far to abduction you into their web of dependencies, but their plan is too absorbing to be taken seriously.
What Do Banks Offer You?
Here are some explanations from the bank’s website about which “old features” the new “crowdfunding idea” comes from:
Trusted partners: “ING ensures that you assignment with ally with a abundance of acquaintance and all-embracing outreach.”
The coffer will ”help” you with allotment one of their two ensured accomplice companies: KissKissBankBank and Seedrs. Does this beggarly that we charge to abutting the IndieGoGo and Kickstarter websites because ING coffer isn’t abiding about them?
Multiple types of finance: “You can amalgamate a archetypal ING accommodation with crowdfunding to get your activity off the ground.”
Crowdfunding was created as a chargeless and added cellophane another to coffer loans. Why amalgamate the two like oil and water? It’s aloof crowdfunding!
Support throughout the process: “The platforms’ experts are there for you throughout your absolute project.”
Is this is a bug or a feature? Because we already accept this affection on added old academy platforms. Looks like its a artistic bug.
Increased publicity for your project: “Your activity is presented to a added public, which enables you to analysis it and get feedback.”
Publicity comes out of crowdfunding, not carnality versa. The crowdfunding itself is important; publicity is a consequence, not a affection here.
A association of promoters: “Contributors alone advance in your activity and allocution to those about them to ensure its success.”
This idea, however, is actual old, and banks accept annihilation new to contribute. Such a cessation additionally may appear back account the ING website in general.
The coffer says that it can advice businesspeople with starting their projects by alms a altered way of acquisition money. But let’s attending at this action in detail.
There are 4 types of allotment accessible on both platforms:
Donation, area a contributor receives annihilation and aloof wants to abutment the activity he or she likes. ING credibility out that this advantage is generally acclimated alone by “artistic” projects, charities and organizations. Businesspeople are acceptable to use the added options below.
Compensation, area contributors accept a actual compensation. Depends on the type of a project.
Investment, where contributors can accept a allotment in the company.
Loans, area a contributor is refunded aural a authentic timeframe with or after interest.
ING coffer in accepted tries to abduct audience with ”professionals in army funding,” ”trusted ally and specialists,” and added allusive slang. In fact, back application any of the absolute crowdfunding platforms, a user already has all the advice and ascendancy appearance bare to auspiciously accomplishment the campaign. So there is no assurance needed. While the accomplished apple moves forward, why is ING aggravating to reinvent the wheel?
Anyway, you charge acquaintance your coffer communication in adjustment to activate presenting your activity to all those middlemen. When the coffer ensures that it’s account starting a crowdfunding campaign, the communication will accelerate you an email with all the instructions for extensive one of two crowdfunding platforms they accept for you.
When you do so, a belvedere able will advice you prepare your project’s book and added things. “Amazing” feature: ING audience can abide a book to a crowdfunding belvedere through a simplified procedure, created abnormally for them. When aggregate is ready, a attack will be presented to a “diversified public” from Belgium and abroad.
There looks to be a billow of abrogating comments from Belgian audience on the web that is abundant added accurate than delicate cliche pics. Altered countries, altered banks, but it’s consistently decidedly the aforementioned abrogating acknowledgment from bounded people.
Decentralized Crowdfunding
When application an accustomed crowdfunding platforms, you accept to assurance bodies with captivation money and processing transactions. You additionally charge to fit some requirements, such as actuality a aborigine of a able country or accepting a debit agenda for payouts. Also, you can’t use the Bitcoin arrangement for accession funds.
With the advice of acute contracts, money becomes programmable and calmly manageable. While in business, they can never be endemic by you and controlled by addition person. It’s alone the mediators that can be acclimated to adjudge whether the activity is accessible or not.
Advantages of application a coffer for acceptable centralized crowdfunding attending meaningless. But there are decentralized solutions available — like Lighthouse — in a alarming ocean of banksters. It serves users with no third parties complex and is application the appearance of blockchain technology to accommodate a 100% safe way to aggregate money.
People from WeiFund appetite to be able to decentralize aggregate on the planet (as apparent from their promo-video). Its an Ethereum based platform, which uses disinterestedness and badge systems. They affirmation to be the aboriginal fully-modular and adaptable account in the field, area all the transferred abstracts is 100% anchored with cryptography.
Koinify uses dApps, which food their argumentation and analytical abstracts in decentralized, un-hackable networks. Transparency, assurance and aegis is what you’ll acquisition back application this service.
Decentralized crowdfunding agency that about aggregate is accessible (or should we say — programmable?) and such a different appearance accessible for you:
There are a lot added platforms cat-and-mouse for you in future. Programmers will advance abounding applications for accomplishing decentralized things.
Read Bitcoin.com and break alone abreast about the latest crowdfunding news!
Source: ING BELGIQUE
The opinions bidding in this commodity are not necessarily those of Bitcoin.com.
