Crowdfunding platform Indiegogo^( that it’s going to start listing a choose collection of initial coin offerings, in but any other step via the corporate to transport past perk-based crowdfunding.
While ICOs can be indexed on Indiegogo, backers must move to a portal known as First Democracy VC to take a position. First Democracy VC is an SEC-registered fairness crowdfunding portal that was once evolved thru a partnership between Indiegogo and fairness crowdfunding web page MicroVentures. Indiegogo first partnered with MicroVentures remaining yr to host fairness crowdfunding campaigns that conform to the laws established during the 2012 JOBS Act. According to an Indiegogo weblog put up, 30 firms raised $7.53 million all through First Democracy VC’s first yr of life.
The first ICO indexed on First Democracy VC is a presale for Fan-Controlled Football League, which, because the title suggests, needs to create skilled wearing leagues the place selections are made solely via lovers. Formerly known as Fanchise, the corporate in the past raised greater than $63,000 thru an Indiegogo marketing campaign. In 2017, the corporate bought a slot within the 10-team Indoor Football League and introduced its first workforce, the Salt Lake City Screaming Eagles. Fanchise allowed Indiegogo backers to make a workforce choice founded upon what quantity of money they donated to the initial marketing campaign — backers who donated $300 have been ready to design a play, for instance, whilst backers who donated $100 were given to select the tip zone dance.
Now, in step with FCFL’s white paper, it needs to leverage the Ethereum blockchain to “handle ledger-based transparency for all fan-driven selections and praise allocations.”
Backers of FCFL can move to the First Democracy VC portal to go into right into a Simple Agreement for Future Tokens (SAFT). FCFL’s forex is known as FAN Tokens. The extra FAN Tokens an individual has, the extra selections she or he will have the ability to make, starting from balloting on a trainer to main a real-time play name.
FCFL is attempting to boost between $50,000 and $1,070,000 all through its presale, and accepts fiat forex, Bitcoin, and Ethereum.
Starting these days, firms too can follow to checklist their ICO on First Democracy VC. According to Indiegogo’s web page, firms will have the ability to be offering securities and application tokens to each approved and non-accredited traders, and will have their white papers reviewed via “Indiegogo, MicroVentures, main securities, and cryptocurrency legislation corporations.”