Crowdfunding is a very popular method. All over the world for a long time it has been appreciated as a good source of investors to connect with start-ups. It enables the start-ups to make their plans real. It also provides opportunity to the investors to invest in projects they admire. But this system has some major drawbacks. But it’s a great thing that these drawbacks have solutions also.
Problems in Crowdfunding:
There are many fake campaigns available in the crowdfunding system. They tend to get enough investments for their fake projects. For many years many investors fall into their prey. They just recede from the views of investors after they do the fund raising. Another major drawback is lack of transparency. Also, there are no certain rules for this crowdfinding system. These really creates problem to the users. Developers don't get enough guidance. That’s why they failed to create instructions, landing pages, and publicity campaigns. Also, replications of efforts often happen in this system. It wastes valuable time and resources which can be easily utilized on other projects. Sometimes the provided information by the start-ups is not legit. They could be altered easily and mislead the investors. That’s why many investors are afraid of investing is crowdfunding. They don’t trust the system. Massive lose happens to the whole system for this thing.
Why CyBit:
For these limitations, many investors have lost their interest and trust in crowdfunding system. Tons of money is wasted because of lack of security. To solve these drawbacks of crowdfunding CyBit open source ecosystem is always working.
Conclusion:
CyBit actually provides the most secured platform between the developers and the investors. It provides maximum transparency between them. It provides high-level technology to create smart contracts between then by using tokens. Cybit protects the investors and gives opportunities to the developers which are appreciated globally.
