Pledgecamp is a new generation of crowdfunding using blockchain technologies.

Pledgecamp is the next generation of crowdfunding. Backed by all-star advisors such as Randi Zuckerberg (creator of Facebook Live), Matt Curcio (VP Data, Ripple), Keith Teare (Founding Shareholder, TechCrunch), and more, Pledgecamp will restore trust to crowdfunding with escrow powered by smart contracts and a collaborative token economy.
The Pledgecamp market network combines properties of a marketplace where buyers and sellers of services are brought together, with a network where individual characteristics, identities, and references matter. This requires sophistication and care on the part of the creator to carefully evaluate which vendors have sufficient expertise to fulfill the task.
On Pledgecamp, a creator will be able to easily connect with various vendors, such as plastic injection molders and shipping companies, who are on the platform to earn their business. The creator will be able to reliably review each vendor’s reputations and history with past clients in order to compare actual work histories and gauge fit. For an aspiring entrepreneur, finding trustworthy and appropriate partnerships is a critical success factor and huge pain point that can be addressed by a blockchain-powered market network.

The project team:

Advisors:

Problem
The main problem facing crowdfunding is an issue of trust. Backers are burned repeatedly by creators who fail to follow through on their promises. A lack of security mechanisms and transparency provides backers with little protection.

Put simply, the current model on these platforms is to give a stranger some money, then pray and hope that you get something back as promised. Instead of taking an active role in providing investor protections, current platforms adopt a more passive role with the apparent aim of avoiding liability.
Pledges are considered “donations” in order to distance them from being considered investments or pre-purchases.22 This euphemistic classification ignores the reality of how these platforms are used today. Some failure is a natural consequence of innovation but by ignoring the issue, today’s platforms have allowed the problem to become an epidemic.

Solution: Blockchain Powered Crowdfunding
The emergence of blockchain technology and its decentralized nature presents a perfect solution to these longstanding problems in crowdfunding. Smart contracts will add security and transparency to pledging, and financial penalties will keep creators accountable to their promises. In addition, blockchain will empower the “Smart Crowd” to contribute more than just funds, but participate in projects with their skills and knowledge in return for income. The distributed nature of the blockchain and the use of cryptocurrencies will allow the network to grow, self-govern, and distribute value in an open and merit-based way—without central intermediaries or borders.

Pledgecamp Ecosystem:
The Pledgecamp Ecosystem consists of three major parts: the core Crowdfunding Platform, as well as the Market Network and Knowledge Center. The Pledgecamp Ecosystem is based on a blockchain-powered, peer-driven economy.

Pledgecamp Token Economy:
A two-token economy designed to align participants towards a common goal and capture value created by real, innovative products.

Name: Pledge Coin
Type: ERC20
Price per PLG: $0.01 USD
Total Supply: 10,000,000,000 PLG
Remaining for Sale: 300,000,000 PLG
Public Distribution: 2,000,000,000 PLG

To summarize, Pledgecamp solves the trust problem in crowdfunding by introducing security and transparency through smart contracts and programmable incentives. Backer Insurance holds creators accountable to their promises and motivates them to be prepared and realistic while setting expectations.
The deposit and listing process encourages creators to be more transparent and reduce information asymmetries for potential backers, and allows the network to self-curate and grow without a third-party intermediary.
PLG is the native cryptocurrency that enables participation in the system and these features. But more than simply opening up crowdfunding across borders, the application of PLG in crowdfunding enables the model to evolve one step further and truly unleash the power of the crowd.

Homepage: https://pledgecamp.com
Whitepaper : https://pledgecamp.com/__pdf/whitepaper-pledgecamp-9-23.pdf

Links to social networks:
Twitter: https://twitter.com/Pledgecamp
Facebook: https://www.facebook.com/pledgecamp
Instagram: https://www.instagram.com/pledgecamp/
Telegram: https://t.me/pledgecamp
Medium: https://medium.com/pledgecamp
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