In addition to institutional investors and venture capitalists, firms are increasingly turning to crowdfunding (raising cash via securities exemptions) as a way to finance and fuel growth. This is in part due to the fact that exempt offers make these alternative investments more accessible to a wider audience.

Now, with the presence of web3 crowdfunding ecosystem, raising capital is much easier. In order to make you understand about web 3.0 crowdfunding, we have compiled and summarize it for you.

What is Web 3.0, and How it Supposed to Make Crowdfunding Better

Web 3.0 is a more sophisticated version of the internet that we use every day. One of the highlights of Web 3.0 is the way people raise money for projects in a new way called crowdfunding. So, crowdfunding is when many people give a small amount of money to help with a particular idea or project.

In Web 3.0, it’s way cooler. With the help of blockchain technology, money can be collected and used without the need for a middle party overseeing everything. This also makes everything safer and clearer, because all transactions can be seen by anyone.

Also, people who support this project can get special tokens, which are like digital coins, in return. All of this happens automatically, so nothing needs to be done by hand.

In web 3.0 crowdfunding, companies offer “digital asset securities,” which are digital representations of conventional financial assets like stock, debt, or real estate, using Web3-based crowdfunding.

Through a process known as tokenization, the ownership rights of these assets are recorded on the blockchain, enabling investors to store their digital asset security in their own cryptocurrency wallets and providing genuine, immutable ownership.

Advantages of Using Web 3.0 Crowdfunding

There are several advantages of crowdfunding using web 3.0. Here are some of them.

1. No Intermediaries

In Web 3.0, you can collect money directly from your supporters. You don’t need to go through a big company or a website that organizes everything. This means you get more money because there are no middleman fees.

2. Clear and Secure

Technologies in web3 crowdfunding ecosystem made all transactions and information open for all to see. This means that everyone can see where the money is coming in and where it is going. This makes things a lot more honest and secure.

3. Special Gifts

You can give special gifts to people who give money for your project. This can be a special digital coin that they can use elsewhere. So they get something special in return.

4. Easier and Faster

Everything can happen faster and easier. You don’t have to wait for a complicated process to get your money. The technology in Web 3.0 made everything work by itself.

Read also : Polygon Crypto Launchpad: Definition, Advantages and How It Works

5. Connect with Other Things

You can connect your projects with various other services and applications in Web 3.0. So you not only earn money, but also get broader support from the larger internet ecosystem.

Finding the Best Web 3.0 Crowdfunding Platform for Your Web 3.0 Project

If you have cool web 3.0 ideas and projects, but you don’t have the fund to realize your project, you can always use crowdfunding platform to collect fund.

However, it is important to choose the right crowdfunding platform to make sure you get your fund fairly. Here, we have compiled several tips to choose the best crowdfunding platform for your project.

1. Blockchain

Make sure the platform you are considering uses blockchain technology. This technology is the foundation of Web 3.0 and will provide the desired transparency, security, and decentralization capabilities.

2. Check Transparency

Choose a platform that provides high transparency in the use of funds and project activities. In web3 crowdfunding ecosystem, all of this information should be accessible to anyone.

3. Smart Contract

Make sure the platform has a smart contract feature. This will ensure that the payment and distribution of rewards is carried out automatically according to pre-set rules.

4. Reviews and Reputation

Browse platform reviews and reputation. Know the experience of other users with the platform. This will give an idea of their quality and reliability.

5. Ease of Use

Choose a platform that is easy to use. The user-friendly interface makes the crowdfunding process easy for both funders and supporters alike.

6. Tokenization Support

Make sure the platform supports tokenization. This will enable the creation of custom tokens in exchange for project supporters.

7. Scalability and Ecosystem

Check if the platform has the potential to grow and connect with the larger Web 3.0 ecosystem. This can provide greater opportunities for your project.

8. Data Security

Ensure that the platform has strong security standards to protect user data and transactions.

9. Payment Options

Check the payment options available on the platform. Make sure the platform supports payment methods that are easily accessible to supporters from different regions.

10. Support and Help

Make sure the platform has good customer support. If you run into problems or have questions, it’s important to have a reliable source of help.

11. Previous Projects

Review successful previous projects on the platform. This can give you an idea of what kind of projects are suitable for the platform.

12. Community and Activity

Check if the platform has an active and diverse community. A strong community can help in getting support and advice from fellow users.

Conclusion

With the presence of web3 crowdfunding ecosystem, people will find it easier to raise funds for the projects or ideas they have. It’s just that, in choosing a platform for crowdfunding, one must always be careful.

Well, one platform that already has a good reputation as a web 3.0 crowdfunding platform is Kommunitas.

Kommunitas is a decentralized and tierless web3 launchpad that resides on the Polygon network. Polygon is a layer-2 scaling solution for the Ethereum network. Even so, the Community is multi-chain oriented, so it is open to various projects that are also launched on the BNB Chain network, Ethereum, Solana, Fantom, Avalanche, and so on.

In simple terms, Kommunitas is a decentralized crowdfunding platform whose specifications are for various web3 projects. Just like conventional crowdfunding services, their goal is to enable a web3 or crypto project to raise funds from the public or investors.

The crypto industry is growing rapidly and many projects rely on decentralized systems to raise capital for new crypto projects, responding to this growth comes launchpad. Polygon crypto launchpad is one of them and we will dig deeper into what is it, what features it offer and so on.

We will also cover some of the best launchpad aside from polygon launchpad called Kommunitas, which might seem interesting.

Definition of Launchpad

Launchpad crypto is like an incubator in the startup industry trying to raise funds to develop projects. This launchpad enables blockchain-based projects to raise capital while providing access to early-stage token sales for their pool of investors.

Gaining access to early-stage sales means low prices for investors ahead of the public launch on the market. The cost of releasing a project using this method is also low, so it is in great demand by project makers. This option is safe for investors and project makers.

Leading crypto launchpads have a rigorous vetting process for new projects. Meanwhile, the KYC (Know Your Customer) process is usually carried out by third parties as part of new user verification. Additionally, launching projects using this method gives new founders access to a community of crypto investors and enthusiasts, who are ready to explore new projects.

Polygon Crypto Launchpad and How It Works

Polygon Launchpad is an online platform where projects may apply for funding. But what makes these ventures unique is that they make use of cutting-edge blockchain technology.

You can imagine blockchain technology as a book which is open to anyone. This means that all the transactions within the blockchain ecosystem is safe and transparent. These projects may raise cash from a large number of individuals by using Polygon Launchpad.

Polygon crypto launchpad means that the launchpad is done within the polygon network. There are many launchpad platforms out there, like the popular one, the Binance Launchpad (which run within the BSC ecosystem and network), DAO Maker, Polkastarter and so on.

Also, there is one launchpad platform to consider called Kommunitas. Kommunitas is a Polygon network-based decentralized, tierless web3 launchpad. Polygon, as we know, is a layer-2 scalability solution for the Ethereum network. Nonetheless, because the Kommunitas is multi-chain focused, it is open to numerous projects released on the Ethereum, BNB Chain network, Solana, Avalanche, Fantom and so on.

Kommunitas is a decentralized crowdfunding platform with specs for various web3 projects. Their purpose, like that of traditional crowdfunding sites, is to enable a web3 or crypto project to obtain cash from the general public or investors.

Advantages of Using Polygon Launchpad

If you want to use Polygon crypto launchpad to raise fund, you should know that you can get many benefits. Here are some of them.

1. Cost Effective

In the blockchain world, every transaction usually comes with a fee. However, Polygon Launchpad is different. Because it runs on the Polygon network, transaction fees are much cheaper than other networks. This means when you take part in a campaign or support a project here, you don’t have to worry about the high costs that usually occur elsewhere. This low cost means that everyone, even those with limited funds, can join in.

2. Fast and Secure

Sometimes, transactions in the digital world can take a long time. But in Polygon crypto launchpad, you don’t have to wait long. The Polygon network is specially designed for fast transactions. So, when you donate funds to support a project or when you get a gift token, everything happens almost instantaneously. No more waiting around!

3. Fair

Transparency, the one true feature of blockchain technology. Every transaction is recorded in a digital ledger that is safe and cannot be changed. So, everyone can see any transactions that occur on Polygon Launchpad. This amazing feature resulted in a fair and transparent ecosystem, leaving no room for cheating and manipulation.

Read also : Get to Know Crypto Launchpad and How It Works

4. Available for Everyone

Whether you live in any country in the world, you can access Polygon Launchpad. Since Polygon is a network platform which run digitally, so you can access it from anywhere and anytime as long as you have internet connection. You can support projects from all over the world without geographical boundaries. This opens up opportunities for projects to gain support from various global communities.

5. No Middle Man

Usually, when we want to send money or support a project, we need to go through a bank or other company as an intermediary. But in Polygon Launchpad, everything is straightforward. You can directly interact with the project owner, and also the team behind it. This is not only faster, but also eliminates the expense and hassle usually associated with intermediary.

6. Digital Coins

One of the perks of supporting projects on Polygon Launchpad is a special coin giveaway. When you provide funds, you get these coins in return. These coins can have value within the project ecosystem or even on the crypto exchange. This become additional reason and benefit for your to support the project. So you are not purely supporting the project, but you can also get something in return directly.

7. Lots of choices

Polygon crypto launchpad is a place where various projects come together. There are many projects ranging from different field like technology, art, and even health sectors are within the ecosystem. This means you have a lot of possibilities for projects that interest you. You may give to a cause that is important to you.

8. Easy and Simple

One of the reasons why many people are hesitant to get involved in the world of blockchain is because of its complexity. But Polygon Launchpad makes things easier. You don’t need to be a tech geek to participate. The process is intuitive and user-friendly, making it suitable for anyone, even those who are not very familiar with technology.

9. Room for Development

Polygon Launchpad is part of a larger ecosystem, known as Polygon. This means projects connected to Polygon Launchpad can also take advantage of other services and tools within the Polygon ecosystem. This opens up opportunities for further development and wider cooperation.

10. Innovation and Easy Access

By combining the advantages of blockchain technology with the advantages of the Polygon network, Polygon crypto launchpad drives innovation. This provides an opportunity for people to realize their new ideas in an easier and more affordable way. In a constantly evolving world, this is one way for projects to grow and inspire.