CRYPTOFUNDING In recent years the use of cryptocurrencies in crowdfunding has been increasing. When an enterprise decides to include cryptocurrencies in their way of funding, they make an ICO (initial coin offering). This is an alternative way of funding powered by crypto-tokens in crowdfunding. This new trend was born due to several problems enterprises and investors faced when using crowdfunding platforms. For instance: campaigns have nothing to give to of offer to but a promise that they will be rewarded when the project is completed. Other problems are the fact that campaigns’ promises cannot be transferred between users, and that successful campaigns end quickly, so supporters lose the chance to invest and campaigns miss out on raising more money than their goal. Another problem is that although there are many crowdfunding platforms, campaigns must go through a different selection process for each platform. This is the reason why many enterprises have decided to start using ICOs in crowdfunding. 50
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