Pledgecamp (PLG)

The Next Generation of Crowdfunding

Review Score
4.62/5
ICO Price
0.0001 USD
Pre ICO Price
N/A
Soft Cap
5,000,000 USD
Hard Cap
N/A
Start Date
18 February 2019
End Date
19 March 2019

What is Pledgecamp?

The future embodiment of this solution will be a decentralized application (dApp) called Pledgecamp. Pledgecamp will be the first platform to offer Backer Insurance—a security mechanism that holds campaign funds in a smart contract governed by backer vote. This financial incentive holds creators accountable to their promised timelines and provides a basic security mechanism for backers.

Smart contracts make complicated, self-enforcing financial arrangements such as Backer Insurance possible. Customizing contracts to each situation is essentially free, enforcement is automatic, and custodianship of funds can be guaranteed secure. Pledgecamp will have neither the responsibility nor ability to mediate user disputes and receive that liability—that power will be entirely within the hands of the users involved.

To list a campaign, a creator must place a deposit on the blockchain with a native cryptocurrency called Pledge Coin (PLG). This deposit can be earned back when creators comply with disclosures that protect backers, such as by uploading business documents, performing identity verification, or engaging backers on a live video chat. This mechanism will increase transparency for backers to guide their investment decisions.

PLG will be used to pledge campaigns and enable Backer Insurance, and it will also play a key role in cultivating the community by rewarding those who provide value to the network in the form of services. And like other cryptocurrencies, PLG will be borderless, inclusive, and provide security and transparency for transactions.

Because network participants as a whole determine which projects ultimately list and receive funding, there will be no need for a centralized intermediary and the network can scale freely without a centralized point of constraint.

Information displayed on CoinCheckup can be updated by the respective ICOs and/or Crypto representatives and does not present the opinion of CoinCheckup.com and/or the CoinCheckup team.

Trading and investing in digital assets is highly speculative and comes with many risks. The analysis/stats on CoinCheckup.com and it’s subsites are for informational purposes and should not be considered investment advice and or the truth. Statements and financial information on CoinCheckup.com and it’s subsites should not be construed as an endorsement or recommendation to buy, sell or hold.

Please do your own research on all of your investments carefully. Scores are based on averages of third party websites.  Past performance is no indicative of future results. Read the full disclaimer here.