Crypto Financing Must Be Transparent! Declares Simon Tian
Initial Coin Offerings are an important part of the cryptocurrency industry. For them to survive the long haul, more transparency is needed.
The founder of Globle, Simon Tian is an advanced technical specialist, respected in the industry. In 2015 he was nominated to receive the Theil Fellow Award, an award given to leaders in recognition of their contributions and achievements in respect Angel Investor Peter Thiel. Simon believe crowdfunding isn’t dead, just tired and needs the bar raised. This year alone has already produced more in funding than the entire year of 2017. More than $6.3 billion in capital has been raised in crowdsales in 2018’s first half.
How Do ICOs Improve Crowdsales?
Much of the ICO crowdsales was based on learning from project funding granddaddy Kickstarter. However, Kicstarter has some serious issues needing solving. For one, the company is highly susceptible to fraud, anyone can go on the website with a good idea and raise millions. The problem, there is no way to enforce executions as no process to follow exists.
The lack of planning has caused countless projects on Kickstarter to fail. But with Globle, the problems are solved, they operate with a definite system in place. Funds acquired are allocated, distributed or used in the best possible way with complete transparency. Anyone can look and see exactly where the funds are going, also having access to the plan of execution for each project. Plans are set, so there is no chance for a team to be all over the place or inappropriately use funds raised. Lastly, the users on the platform set the way a project is governed, it tends to give more power to the people this way with more credibility to the platform who releases total control to the teams in charge of the projects – but keeps a plan for executing the project in place.
Projects Funded by Globle
The reality of Globle is true to cryptocurrency, there is no desire to restrict the types of projects which can be completed on the platform. More importantly, positions on teams are not reserved for tech gurus only but are encouraged to be filled by consumers with the appropriate experience as well. Everyone is basically a consumer at heart, with the marketplace being the best judge of a projects quality. Of course, that doesn’t mean all projects will receive the same level of quality control, some simply need less than others.
Is Kickstarter the Enemy?
As far as Simon is concerned, Kickstarter is responsible for all this happening in the first place, so they are in no way the enemy. In his desire, the system simply will be improved upon. Tian is excited to work with members from existing platforms in collaboration to improve the overall crowdfunding process for everyone.
Reaching Outside the Box
Globle is thinking bigger than the cryptocurrency sphere, they’re not just taking in members from the community. They are seeking outside support from people who are in different financial and tech sectors to come in as team members or advisors. The real key to making crowdfunding projects work optimally is to match the right people to the project fitted for them best and vice versa. Ideas need to be put out there to attract the team’s best suited for them.
There are a lot of analysts, engineers, programmers, financial specialists, etc. who are waiting for the right project but don’t know where it is or how to find it. With the help of Globle, these people will get the right project placed at their door step. One way to do this is going to be through social media interactions, pairing the right people with the right projects to push for the proper timeline completion of projects, so none of them sit idle or fail.
What Cryptocurrencies Work Best?
As of now the best currencies for crowdsales are Bitcoin and Ether, but they’re still extremely volatile and unstable. Until the stabilization of cryptocurrencies happens, it’s hard to rely on them for crowdfunding. To solve the problem, Globle’s founder is looking to the future, not taking any false assumptions from the past. Instead he is creating a unique token to the Globle platform called GBC.
The token will rely on its own security measures and standards instead of the unstable fiat currencies of the world. The hopes are it will be able remain stable because of the parameters set by its own team at Globle.
Why Should Anyone Listen to Globle?
First, Simon is a technological genius, and has already accomplished more than most other leaders in the industry. Globle has already recruited some of the best qualified personnel to the team for a total of more than 50 people, who are actively working on the project everyday to see it completed in an expedient timeframe without sacrificing quality.
Every member who is working the Globle project has passed rigorous testing to ensure their qualification for their working on their part of the project. There are also several respected advisors working on the project. The Theil Foundation, employees from Apple and tech inventors have all contributed to the project. The company white paper is now published as well, showing all the specifications of the project, plus roadmap that is planned out for the coming months and years.
When Will This Happen for the Public?
The team at Globle is working day and night to complete the project’s initial phases, preparing for a launch sometimes towards the end of the year, 2018. Simon Thian and the team at Globle are fully confident the project will be completed by the set deadline.
What Setbacks is Globle Facing?
The major challenges the company has faced are related to regulations set in place to make working with cryptocurrencies rather difficult. However, the way Simon sees it, these are normal challenges like you would see when working on any startup, only of a different type and degree. By overcoming the challenges set in place, Globle will be a stronger entity who can really deliver as promised. They have the full support of the community, after all, Globle is already a well-respected company who is fully trusted.
Cryptocurrency in Conclusion
Fraud has been a major issue in the industry, but with Globle’s new platform – fraud will be almost impossible to commit on it. It’s important since cryptocurrency is still young, only growing with new global leaders finally asserting the importance of its development. 2018 has been the most important year for cryptocurrency gaining mainstream attention and support, with half of it remaining, a lot is still to come for its acceptance by the rest of the world not inside the cryptocurrency sphere.
Globle is looking to contribute to cryptocurrency’s acceptance by the institutions around the world, playing their own unique part in the industry in two distinct ways:
First – Globle provides users with a secure platform to create crowdfunding projects.
Second – They protect the process by instilling a voting system, in which projects must be accepted first before being set up with the proper team and funding.