A New Blockchain Hub in South Korea
Boomstarter.Network team is back from a big roadshow in Asia which included South Korea and Hong Kong and featured private meetups with funds, blockchain influencers and crypto-community.
Jeju Island, South Koreaâs emerging blockchain hub, is the new meeting place for the community of investors from the neighboring countries where authorities have recently started a crackdown on crypto related events. Boomstarter.Network advisor Shelby Tee brought a regional perspective to the meetings and leveraged her strong expertise in a range of different markets in the region.
South Korea was the place to meet and discuss partnerships with some of the worldâs leading cryptocurrency exchanges and blockchain thought leaders. Letters of intent were drafted with LBank exchange and CoinBene. Their aggregated trading volume over a 30-day period exceeds $10 billion. Negotiations are also underway with large marketing and promotional partners in the crypto scene like Token Money.Â
Jeju Island was also hosting the World blockchain forum where Boomstater.Network CEO Maria Dokshina shared insights on the synergy of blockchain and crowdfunding.
Asian Markets Underserved by Major Crowdfunding Platforms
Asian countries have been driving crowdfunding growth on a global scale recently, yet they proved to be severely underserved by the existing fundraising platforms. With few exceptions, the worldâs busiest services do not allow startups from Asian countries to launch their crowdfunding campaigns. This harsh restriction is set by banks and payment providers that are intermediaries connecting startups and their supporters.
In contrast, Boomstarter.Network aims to use the blockchain technology as a direct link between entrepreneurs looking to raise money and their backers willing to receive rewards like big discounts and early delivery opportunities.
Blockchain Technology as a Fix for Crowdfunding in Asia
Boomstarter.Network will allow startups from any country to start global crowdfunding campaigns. Notably, it will also cut the wait time for transactions to transfer funds from supporters to startups: from weeks with banks to just minutes with Ethereum blockchain.
This solutions looks appealing to blockchain market players in the Asian region, said representatives of Crypto Capital, a startups accelerator based in South Korea.
The blockchain-based platform developed by Boomstarter.Network is a quick fix for aspiring companies from China that are willing to have global funding, say partners from of China Blockchain Expert, a business incubator. On this note, Boomstarter.Network team has also started talks with some prominent crypto-oriented funds in the region, notably Van Capital, Matrix Global and Poisson Capital.
This series of meetups was a celebration of blockchain prospects for investors, platforms and blockchain startups who essentially create the ecosystem. Blockchain technology is definitely gaining momentum in the whole Asian region, along with new regulatory arrangements, which will contribute to upgrading the financial industry and will help to remove unnecessary intermediaries in the industry.
Largest Platform in Eastern Europe to Fuel Global Crowdfunding
Since the launch of its classical crowdfunding platform in 2012, Boomstarter.Network has helped thousands of entrepreneurs to raise millions of dollars in pre-orders for their products. The fintech service has become Eastern Europeâs largest for tech and IT startups and is now using cryptocurrencies and blockchain technology to expand globally. It will help to launch pre-ordering campaigns from startups from any country. Boomstarter.Network will also offer tools for buyers to safely mine cryptocurrencies and use them as a means of payment to pre-order products from startups on the platform.