BitMart, a premier global digital asset trading platform will list SeedOn (SEON) on February 15, 2021. For all BitMart users, the SEON/USDT trading pair will be officially available for trading at 06:00 AM EST.
What is SeedOn?
SeedOn is a blockchain-based platform aiming to reduce fraud in fundraising and entrepreneurial activity and will lead to a revolution in conventional equity crowdfunding.
SeedOn’s slogan is “Public investments should bring returns to investors, not heart attacks.”. Thus, their main goal is to provide traceability and transparency to all stakeholders so that they have full control of their investments at all times.
This all arose from the idea of having a decentralized environment where investment transactions can be facilitated in a transparent manner so that all investments and raised capital operations are traceable and visible to all network users.
Distributed ledger technology
The distributed ledger technology allows the storage of immutable transaction records accessible to all network participants. This means that all blockchain-based transactions made on the platform are visible to any user, any time.
Immutable records
Once a transaction has been approved by all participant nodes in the network, an immutable record is stored into a block and added to the ledger. This means that all blockchain stored data cannot be modified or rigged by any party, thus removing the risk for investment fraud.
Smart Contract Escrow
SeedOn’s solution is based on a Smart Contract Escrow model, ensuring a controlled startup’s capital infusion. The total capital invested will be released to the startup into stages. Therefore, the entrepreneur will only have access to a limited amount of cash flow until further objectives or targets of the project have been completed. This ensures that in the unlikely event of a fraudulent project, the loss will be kept to a minimum, losing only a part of the total capital having the rest returned to the investors.
Structured communication channel
The lack of structured communication channels is an issue that is slowly being addressed by other platforms as there are post-raise areas where communication between investors and entrepreneurs can continue. Entrepreneurs joining SeedOn, are required as part of the project registration process to organize company update meetings periodically according to the stage’s duration so that investors will stay informed at all times in regard to the startup’s progress.
About BitMart
BitMart Exchange is a premier global digital assets trading platform with over 5 million users worldwide and ranked among the top crypto exchanges on CoinMarketCap. BitMart currently offers 370+ trading pairs with one of the lowest trading fees in the market. To learn more about BitMart, visit their website, follow their Twitter, or join their Telegram for more updated news and promotions. Download BitMart App to trade anytime, anywhere.
About SeedOn
SeedOn’s solution will provide an innovative ecosystem as a new approach to the conventional crowdfunding platform so that it promotes 3 core values: trust, transparency, and cyber security. SeedOn aims to solve existing problems and reduce fraud so that it removes the investor’s uncertainty and increases awareness of how the invested capital is being spent. To learn more about SeedOn, please visit their website, follow their Twitter and join their Telegram.
