Europe launches first blockchain-based virtual investment game

Bolero Crowdfunding launches blockchain-based virtual investment game. This is the first blockchain application in Europe. It hopes to attract people to participate in the platform's virtual investment game and intuitively understand the benefits of blockchain technology to the financial market. Bolero Crowdfunding cooperates with Kunstmaan to promote the development of the secondary market for crowdfunding. CEO Koen Schrever hopes that the company will increase transaction speed and reduce transaction costs through blockchain technology, and promote crowdfunding activities to a wider range of people.

Translation: Annie Xu

BOLERO CROWDFUNDING Crowdfunding Fund Releases Blockchain-Based Virtual Investment Game

BOLERO CROWDFUNDING first released the first blockchain application in Europe and encouraged attendees of its incentive conference to join a virtual investment game. This game directly demonstrated the potential of blockchain to increase liquidity in the securities market for unlisted companies and to provide the possibility for the development of a secondary blockchain market where companies can trade crowdfunded financial instruments.

Using blockchain applications to open up the secondary market for crowdfunding

Matthew Van Niekerk, innovation director of BOLERO CROWDFUNDING platform, said that blockchain is the most important innovative technology of Bitcoin digital currency. As a distributed public ledger supported by encryption technology, it has changed the trust model that has existed for centuries and moved away from the model of transaction trust provided by central institutions. Blockchain as a framework for decentralized trustless transaction systems is the most critical innovation.

Blockchain technology is called a disruptive technology, which brings changes to people's lives, organizations and the economy. It makes transactions in the digital world more convenient and more affordable, safer and less regulated than traditional transactions.

Bolero Crowdfunding has been working on increasing the liquidity of crowdfunding financial instruments and bringing equity crowdfunding to a wider audience. To achieve this goal, it works closely with its communications and technology partner Kunstmaan.

Koen Schrever

Blockchain applications have spawned a secondary market for crowdfunding investments. Bolero Crowdfunding CEO Koen Schrever said:

“We are trying to provide investors with an opportunity to step out of the startup equity environment without the need for an IPO. Blockchain can provide the best solution. Retail investors often make small transactions in crowdfunding, so low transaction costs and a user-friendly environment are particularly important. Blockchain provides a low-cost and high-speed transaction experience.”

Europe's first blockchain application encourages investment in startups

In mid-March, Bolero Crowdfunding launched an application based on blockchain technology. In this application launch event, participants can get 1,000 Bolero digital currencies to simulate the startup companies in the investment event. At the end of the event, the market value of each company will be calculated and the winner will be announced.