Standing at the forefront of crowdfunding: A half-year review of coin crowdfunding platforms

On the morning of August 29, Weiyou-Metaverse, the blockbuster project of Bi Crowdfunding in August, reached a milestone, with the ICO amount exceeding RMB 10 million, which means that the Metaverse ICO has successfully completed its goal and broke the crowdfunding record for a single project since the launch of the Bi Crowdfunding platform with a total ICO amount of more than 10 million.

The Metaverse ICO project was initiated by the Weiyou team on the CoinCrowdfunding platform at 3:00 pm on August 5, 2016, for a period of 31 days, with a target of RMB 10-20 million, corresponding to the release of 15-30 million ETPs (ETP = Entropy, the token of Metaverse, with a total of 100 million).

Metaverse is a public blockchain protocol publicly initiated by the Weiyou team. The protocol aims to build a peer-to-peer virtual world driven by digital assets for life and financial applications - that is, Metaverse, on which a consensus-based digital asset "constitution" is formed. On the basis of the "constitution" standards and blockchain technology trust, people can achieve value exchange and interconnection.

Regarding the success of Metaverse ICO, Weiyou CEO Chu Xiahu said:

“I never doubted the success of our Metaverse ICO, but when I saw the success of the ICO, I suddenly felt a lot of pressure, because from now on, we have to work harder to create value for investors.”

Since its official launch in December 2015, the Coin Crowdfunding Platform has successively completed crowdfunding for many high-quality projects in the digital currency and blockchain industry, including Babbitt Community Shares, Ant R1 Router, Bitcoin to da Moon Headphones, Lin Mengbao, and "Blockchain: From Digital Currency to Credit Society", with a total crowdfunding amount of more than RMB 21.81 million and a crowdfunding success rate of 100%. Among them, Babbitt Community Shares, Ant Router, Bitcoin to da Moon Headphones, "Blockchain: From Digital Currency to Credit Society", and Weiyou-Metaverse all completed crowdfunding with excellent results exceeding the original target amount.

BiCrowdfunding has always adhered to the principle of being responsible to investors, carefully reviewing and strictly checking the online projects, and the rate of screening projects online is about 10:1. Babbitt CEO Chang Qia said:

“We do not set rigid targets for the number of projects launched and the amount of funds raised. We will launch projects if there are high-quality ones, and not if there are none. Only by strictly ensuring the quality of the projects launched and allowing investors to truly make money can a virtuous cycle be formed. Unlike general crowdfunding platforms, Coin Crowdfunding is more like an approval system rather than a registration system. Therefore, once a project is launched, the crowdfunding success rate is extremely high, and there are no failed projects so far. The blockchain industry is still in its early stages, and there are very few excellent projects and teams. The blockchain project library that Coin Crowdfunding is about to launch has currently stored more than 100 domestic and foreign projects as reserve projects for Coin Crowdfunding.”

The Coin Crowdfunding Platform not only has high-quality projects, but also has a wide variety of project types and crowdfunding types, covering reward crowdfunding, product crowdfunding in multiple industries including mining machines, headphones, mobile games, and ICOs originally created by the digital currency community.

The Metaverse ICO, the blockbuster project of Coin Crowdfunding in August, is still in progress. Let's take a look at the progress of many projects previously completed by Coin Crowdfunding:

Reward-based crowdfunding

Babbitt Community

8btc Community (8btc.com) was founded in 2011. It is one of the three core products of 8btc and is currently the largest digital currency and blockchain exchange community in China. The project achieved a target amount of 2 million on the 32nd day after it was launched, and a maximum target amount of 5 million on the 38th day. Since March 2016, 26.60807% of the community income has been distributed to investors on the 6th of each month, and the dividend amount has been growing steadily. In mid-May, the token 8btc Community Shares (DCS) was launched on the Yunbi Trading Network, providing investors with a smooth circulation channel. The highest price of DCS was nearly 4 times the opening price.

The Babbitt community has also been seeking breakthroughs this year. The Babbitt Book Channel, a new "emotional product", has been launched. It has established long-term cooperative relationships with well-known book publishing institutions such as CITIC, Electronics Industry, and Machinery Industry, and is committed to the popularization and education of blockchain knowledge. With 200 Babbitt columnists as the core creative force, it has organized the compilation of a series of books on the economics, finance, and programming development of blockchain. This year, it plans to publish six blockchain books, including "Blockchain: From Digital Currency to Credit Society" and "Blockchain Developer Guide". Blockchain authors can bring their works to the community and support paid reading.

Several popular sections have been added, including Coin TALK, Coin LIVE, Coin Activities, Coin Q&A, etc., and many practical information sharing activities by well-known domestic and foreign industry experts have been organized. Well-known figures in the digital currency and blockchain industry, such as btcnightcat, Feng Jiling, and Chang Yong, have been invited to serve as moderators, which has increased the number of community users and activity.

At the same time, in order to bring users a better user experience, the mobile terminal of the Babbitt community was completely revised in August. It supports multiple viewing modes such as multiple pictures, single picture, concise, and summary. It optimizes the reading experience for different post formats such as activities, rewards, AMA, etc., and shares to WeChat groups and Moments with one click. It has built-in functional modules such as community, college, activities, mall, information, books, bookstore, crowdfunding, and big turntable, which carefully create a blockchain communication destination for community users.

Product Crowdfunding

Bitmain Ant Router R1

Antminer Router R1 is compact and exquisite in appearance. It has five functions: Bitcoin SOLO mining machine, mini WIFI hotspot, fast USB charger, universal router, and Bitcoin mining host. The project was launched on January 10, 2016 and successfully completed crowdfunding with a completion rate of 117.47%. It will be shipped in April.

Antminer Router is Bitmain's first IoT product. It is also a great opportunity for new users who are new to Bitcoin mining to try out SOLO mining. It has been a long time since everyone received the goods. I wonder if there is any lucky person who has SOLO mined 25 or 12.5 Bitcoins? As the industry's top Bitcoin mining chip and mining machine manufacturer, Bitmain continues to launch high-performance chips and the latest generation of mining machines. At the same time, we also expect it to launch more fresh and interesting products that can allow coin crowdfunding users to participate together.

Bitcoin to da moon themed headphones

This is a headphone product that is as straightforward as its name. What makes it different is that the designer, "Bitcoin diehard" Yemao, engraved "bitcoin to da moon" on the headphone. Unlike ordinary sentimental products, this headphone does not neglect the quality of the product itself. It is created by a professional team that has developed headphone projects for world-famous brands such as Denon and BEATS.

On the ninth day after the project was launched, the crowdfunding was successfully completed with a completion rate of 125.83%. Two months later, the headphones were shipped one after another. Many users in the Babbitt community also posted the actual headphones they received. Judging from the evaluation of community users, the To Da Moon headphones, as a product that combines sentiment and quality, really lived up to expectations. Currently, this headset is available on Taobao.

Blockchain: From Digital Currency to Credit Society

As the first blockchain book launched on Babbitt's book channel, this book was co-authored by nine blockchain industry elites and scholars including Chang Qia, Han Feng, and Yang Tao. It details the development history, technical principles, legal boundaries, and potential commercial applications of blockchain, and has important reference value for blockchain entrepreneurship and investment.

The project was launched in June this year and also completed crowdfunding with a 127.42% achievement rate. The project was launched in June this year and also completed crowdfunding with a 127.42% achievement rate. Bitcoin enthusiast Lightning published a review after reading the book, saying: Because we humans always seek some simple and general way to explain the observed phenomena, this also leads to the fact that blockchain is rarely introduced clearly and completely. But the book "Blockchain from Digital Currency to Credit Society" (hereinafter referred to as "District") is a book that can let you know the branches and leaves. At present, this book ranks among the top five new books in Dangdang's "Business Management" books, and ranks first in Douban's "Blockchain" book evaluation.
Purchase link: http://weidian.com/item.html?itemID=1878011740

ICO

ICO is a crowdfunding model unique to the digital currency community. ICO is the abbreviation of Initial Coin Offering. As the name suggests, it is a way of raising funds with the initial digital cryptocurrency as a reward. ICO is adapted from the term Initial Public Offering in the securities industry. In essence, ICO is also a "public offering", but the subject matter of the offering has changed from securities to digital cryptocurrency.

So far, in addition to the Metaverse which is currently conducting an ICO, the main project of BiCrowdfunding in June, Linmengbao, also ended perfectly with a good result of 5 million.

Neighboring Baby

Linmengbao is the world's first blockchain digital currency system based on geographic information (LBS) and mobile Internet ecology. It perfectly combines digital currency with the needs of O2O marketing and drainage to create a new business model. On June 6, 2016, Linmengbao launched an ICO on both the Bi Crowdfunding Platform and Yuanbao.com with a target of RMB 5 million each. On June 9, 2016, this membership crowdfunding, which was originally scheduled for 9 days, ended successfully in 76 hours with an overwhelming momentum.

Shortly after the project was completed, the built-in token LMC of the Linmengbao system was launched on Yuanbao.com for trading. Three consecutive daily limit increases brought considerable returns to investors who expected short-term arbitrage.

Of course, bringing sustainable returns to investors depends on real business applications rather than unnecessary hype. Since the launch of the project, the Lin Mengbao team has also demonstrated their continuous efforts: launching the National Sherlock Holmes Plan, supporting Olympic theme activities, and conducting the first brand cooperation with Tong Ren Tang. At the same time, new functions such as LMC for mobile phone traffic recharge have been added to the app.

Now, Lin Mengbao’s first large-scale school event, the “College Beauty Championship”, will be promoted on campus in early September. We hope that such activities will inject some high-looking “fresh meat” users into Lin Mengbao and the digital currency ecosystem.

There is no doubt that the formation of an ecosystem takes time, and investors need to be more patient with Lin Mengbao.

After reading the inventory of Coin Crowdfunding projects, do you have more expectations for future projects? Of course, if you have a proud blockchain startup project that you want to launch on the Coin Crowdfunding platform, don’t forget to apply to join the Coin Crowdfunding project library. Your project will have priority in crowdfunding or other financing service opportunities, and may also be selected into the Babbitt blockchain series of books and get priority reporting opportunities.

If you don’t want to miss out on the early dividends of the digital currency industry, welcome to the coin crowdfunding and join us in witnessing the growth of the digital currency community.