What is the secret of the Danish cryptocurrency exchange's successful crowdfunding using blockchain technology?

The past week has been quite difficult, both politically and economically. The UK's latest referendum decision to leave the European Union has had a huge impact on the world. Global stock markets are turbulent, and the exchange rate of the pound against the US dollar and the euro continues to fall, but gold and cryptocurrencies such as Bitcoin have benefited from it, so the outcome remains to be discussed.

The only constant is change itself. We are now facing many uncertainties. We don’t know where the situation will end. The only certainty is that this uncertainty will continue for some time. However, turbulence always brings opportunities. The UK referendum is not just about whether to leave or stay in the EU, but also brings other obvious signs, which may trigger a domino effect of leaving the EU in other EU member states.

Citizens are generally dissatisfied with the state of government in the 21st century, the inequality of citizen representation and status, and the services that those in power should provide to citizens. This dissatisfaction is also shared by people in Europe and the United States. These dissatisfactions are the key to the emergence of new technologies, and new mindsets have also driven them to accept this change.

No “encrypted” border

There are no borders or countries in the cryptocurrency and digital currency space, and some of them are truly international. Sending money to a friend in Europe or Australia is as easy as sending money to your next-door neighbor.

Technologies such as cryptocurrencies determine their use value. Such currencies can be found all over the world. People use blockchain technology or distributed ledger technology to raise funds, solve problem assets, pay shareholders, etc.

Startup startup

CCEDK, a Danish company, was originally positioned as a cryptocurrency exchange when it was founded, where consumers can trade Bitcoin and deposit legal tender (cash) into different virtual currencies.

But now Crypto Coins Enterprises DK (CCEDK LLC) has made adjustments, repositioned the company, and plans to start developing crowdfunding business. The company has now introduced a front-end design to provide customers with a variety of services, and the initial plan is to officially launch it in early July this year, around the Independence Day of the United States.

This ideological move reflects the huge changes taking place in the industry. It is undeniable that CCEDK will be able to provide better services to its customers if it acts not only as an exchange, but also as a bridge to the world of Bitcoin.

As CCEDK CEO Ronny Boesing said: "Our company cannot just make profits from currency transaction fees. We want to be the 'digger' of the digital gold rush and use the company's experience and knowledge of cryptocurrency to do something big."

Blockchain technology and crowdfunding

Blockchain technology can bring revolutionary changes to business and can become a foothold for companies to enter the market. Entrepreneurs can use blockchain technology to allow their companies to gradually grow from immature early stages to profitable and successful large companies.

Boesing, who was educated in the United States, agrees that the field of cryptocurrency exchanges should develop comprehensively and entrepreneurs should not be narrow-minded. He stated: "Our company's development blueprint is to become the company that understands products and financing the most in the world, and also the startup that can provide the best service to customers."

Funding is important for start-ups, so it has become CCEDK’s main goal: to attract the attention of global investors who are seeking economic returns in this chaotic period, as well as those who are dissatisfied with the status quo of traditional finance and interested in the sharing economy, and to introduce them to “truly valuable ideas and people.”

With crowdfunding in the blockchain field, ordinary people finally have the opportunity to access investment opportunities that they have never seen before. One of the most exciting features of cryptocurrency crowdfunding is that investors can invest in real time on OpenLedger at any time. Boesing also emphasized that this is different from traditional crowdfunding. Crowdfunding in the traditional market must wait until the real product is produced and put into market use before it can be initiated.

With cryptocurrency crowdfunding, entrepreneurs have a different way to raise money that was not previously available to them. CCEDK plans to operate the business as an escrow. (The word escrow comes from the Old French word escroue, which means a piece of paper or parchment, but here it refers to funds temporarily held by a third party on behalf of both parties to a transaction)

Simply put, OpenLedger, as the administrative and legal center for investors, has the right to authorize a third party to temporarily hold the funds until the funds receive clear instructions for further use.

Boesing said his grand goal is to eventually engage with national trade councils and regional offices in various countries to work with local startups that are selected through competitive processes.

Dane added: “Next, we will definitely promote this project to the world so that it can continue to operate and survive. We will introduce this project to investors through crowdfunding so that investors can also hold certain shares in other startups and get returns.”

Specifically, the exchange plays a leading role in the crowdfunding process. After the crowdfunding is completed, the exchange can obtain a portion of the funds raised, but in return, the exchange has to pay all the fees involved in the entire process.

Decentralized conglomerate

Although CCEDK has undergone a corporate restructuring, it still retains at least one of its original functions. It claims to be a gateway into the Bitcoin space: a means for regular currencies (such as dollars, euros, and yuan) to enter virtual currencies (Bitcoin, Litecoin, and the like).

CCEDK uses the services provided by OpenLedger. (OpenLedger is a P2P cryptocurrency company designed for high-speed transactions, and its other functions are also for high-speed transaction services.)

The features of the new CCEDK platform are: (1) High security (no one can freeze, confiscate, or steal your funds, and your account will never be stolen). (2) Wide acceptance (you can spend the funds in your account in real time wherever debit cards are accepted). (3) Absolute privacy (no one can view your account without your consent).

Although CCEDK makes its ledger public for the purpose of transparency, you can choose to keep your account private. (4) Signature account (CCEDK adopts a comprehensive accountability system. With your authorization, you can manage your account together with your family, friends and business partners).

With CCEDK, users can trade crypto assets in near real time, with first-class security and "ultra-low fees". Local protocols such as BitShares and its SmartCoins have almost zero fees, while CCEDK uses digital tokens such as OBITS, BSTR and ICOO launched last November, as well as non-cryptocurrencies such as Bitcoin , Ethereum, USDT and EURT, with transaction fees generally ranging from 0.3% to 0.2%.

CCEDK uses Graphene BitShares 2.0 technology certified by MIT to provide a foundation for the development of decentralized conglomerates. These are also the positive factors that CCEDK provides to startups. We need to look at CCEDK through a new corporate positioning, and now it has become an operating system for decentralized conglomerates.

Overall, these decentralized conglomerates were originally designed to increase the success rate of entrepreneurs and encourage shareholders. The key to the success of the sharing economy is the proper interaction of interests and motivations.

New Services

New services include marketing. All companies need to conduct marketing, but the marketing in the blockchain field is different from the traditional one. Startups can choose the services provided by CCEDK according to their own wishes, and the amount of services they receive is also decided by the startups themselves. Of course, if they want to increase the amount of crowdfunding, they will fully respect the wishes of the startups.

BitTeaser is a blockchain advertising network, which is essentially an encrypted version of Google AdSense, but BitTeaser can only be traded through cryptocurrency. This project is also built on the basis of blockchain technology.

At the same time, OBITS, the blockchain digital token authorized by OpenLedger, has become a new type of sharing economy, which allows people to share the profits generated by the OpenLedger platform.

OBITS represents the possible shared benefits of the digital password. Not only the current project will generate benefits, but CCEDK is also likely to launch new shared benefit functions in the next few years. Bloggers' Club 500 will publish articles regularly on the official website to the world, and start-ups can take advantage of these useful resources.

ICOO and Crowdfunding 3.0

In terms of fundraising, the role of the digital token Initial Coin Offering OpenLedger (ICOO), authorized by Economic Enterprise Engine (a crowdfunding 3.0 project), is to connect investors with interesting investment opportunities.

Perhaps to the layman, ICOO represents a pool of funds that can be used to invest in promising new projects. After a complicated round of crowdfunding is completed, the funds can be traded on OpenLedger as the investor's own independent funds.

“Everything we do at our company is about helping to finance innovative projects that otherwise would have difficulty getting funding,” Boesing said. “Who knows, maybe we can help create the next Skype or Apple. We also want to give inventors and developers a chance to turn their dreams into reality.”

In short, if entrepreneurs want to participate in the BitTeaser Ambassador program or the OBITS Bloggers' Club 500, ICOO is the key to turning dreams into reality.

ICOO is also a token and investment that can be withdrawn at any time. People can sell ICO tokens at the primary ICO price at any time before the project is finally launched. In addition, fund buybacks will reduce the overall supply, which is the so-called "natural accumulation" of surplus funds over time.

CCEDK has obtained information channels from national and international media, and intends to launch several crowdfunding campaigns each month, as well as asset financing, including crowdfunding through competition among local companies. It is understood that these selected crowdfunding campaigns must meet the participation criteria set by CCEDK and pass CCEDK's detailed understanding and investigation before they are launched.

Boesing said CCEDK’s mission is to become its clients’ “best marketing and financing partner” by “providing quality services, continuous innovation and an exceptional customer experience.”

Of course, this also requires CCEDK to continuously strive to meet customer expectations and to collaborate with other companies across fields. CCEDk's new website is expected to be launched on July 1, 2016. I believe that CCEDK will soon be able to show us a way forward.