How Dacxi Chain tokenized crowdfunding will bring genuine global equality to innovation funding
Say you’ve invented a new product. Something the whole world has been waiting for. It could change the lives of millions of people for the better. To bring your vision to life you need funding. Maybe a few million dollars, or more.
The only problem is, you don’t live in Silicon Valley, New York City, Shenzhen or Shanghai. And that means you’re very unlikely to be able to raise the money. Sure, you might get a little bit. But probably not enough, and probably with too many strings attached. So your project stalls, or worse — it never even gets started.
Sadly, that’s exactly what happens to millions of great ideas all over the world, every single year. Dacxi Chain tokenized crowdfunding will change that for good.
The Dacxi Chain’s system will give innovative teams in developing nations access to the same level of funding as a company based in Silicon Valley or Shanghai.
It will bring forth a revolution in tech innovation, reaching every country and benefiting countless people. And it will revolutionize crowdfunding as we know it.
But before we look at Dacxi’s solution, let’s take a look at the problem; the concentration of major tech funders in only four places in the world, and the unfairness and economic inefficiency this leads to.
How the Silicon Valley system works — and doesn’t
If your company is lucky enough to be based in the Silicon Valley area, there are several different ways you can get your new product funded.
Seed Accelerators — these startup incubators will invest from $10-$150K US in return for an equity stake of 6–10%. The idea is that this initial amount gets a company to the point where they can pitch for Seed funding to develop further.
Angel Investors — these are wealthy individuals who want to help startups grow — often because they believe in giving back to the innovation community. They will generally make a small, one-time investment to bump a project along to the next stage. There are also several groups of angels who have banded together to offer higher funding levels.
Read the full article: https://www.investing.com/news/cryptocurrency-news/how-dacxi-chain-tokenized-crowdfunding-will-bring-genuine-global-equality-to-innovation-funding-2763224
