With the introduction of blockchain technology, it has disrupted many of the big industries of the world. Currently, blockchain technology is spreading like wildfire. The crypto market at its a present state is occupied by a distinct set of entrepreneurs and investors. The emergence of a new ecosystem has disrupted the traditional banking industry and payment services. Digital assets like ETH, BTC, XRP and many other types of archetypes are known to create a new alternative for wealth.

One of the heavily influenced industries is fundraising. The blockchain technology is known to have affected the growth of the fundraising industry in recent years. The crowdfunding industry was estimated at $34.4 billion in the year 2015. However, it is expected to reach the $93 billion mark by 2025.

Considering the increasing ICO craze and potential, it is evident that start-ups would aim to enter in this field. But the main problem here is that not many of the start-ups were prepared for the market that they were planning to join. They were trying to grab the opportunity without any understanding of the same. This is one of the biggest reasons why the number of failed projects is higher than the successful ones. This is where Ichiba comes into the picture as it aims to change the ratio for the better.

Ichiba is an emerging decentralized platform that aims to land itself as a leading one-stop ICO solution platform in the world.

What is Ichiba?

To define it in simple terms, Ichiba is a crowdfunding platform based on the Blockchain. This decentralized platform is known to build an efficient and seamless way of raising money for fundraising campaigns.

Fundraising campaigns are of great importance to leaders and entrepreneurs as it supports them. It backs on their quest to raise funds for their innovative projects. Ichiba is known to vest every project on its platform. This helps them to ensure that each of their plans is legitimate and is made up to the industry standards as it is claimed by the Ichiba team. Ichiba is known to combine the power of blockchain with the crowdfunding revolution.

This will help them to establish a marketplace for investors and fundraisers where they can function together in peace. This means that the 20 billion dollar crowdfunding market and the $7 billion ICO market is brought together under one platform.

This particular platform is known to make use of smart contract technology to create an efficient and seamless way of raising funds for the fundraising campaigns. This is one of the biggest reasons why the platform is considered to be so helpful by the leaders and the entrepreneurs.

Vision

The primary vision of Ichiba as a decentralized platform lies in increasing innovation to connect the masses and innovators who can aid their efforts.

The platform is known to believe in the power of cryptocurrencies, and it’s the ability to increase the scope of fundraising while maintaining safety and security seriously.

This is one of the biggest reasons why every project is checked diligently before; it is made life in the platform. The platform retains a small stake from each of their plans to ensure that they have a vested interest in encouraging everyone to succeed.

Ichiba Fund is known to manage all the projects of the platform. However, governance is determined by the Ichiba coin holders.

How does it work?

Ichiba is known to offer a pre-built decentralized platform on which tokens are issued. It helps in connecting any project to crowdfunding potential without the interference of any of the challenges faced by the crowdfunding industry. The main problems that we are talking about here include lack of funding, the number of unreliable projects, no trust over projects, fraudulent marketing, high cost, etc.

The platform will do everything in its capacity to hand pick projects before that are put out there on the platform for crowdfunding. This will ensure maximum success ratio and security. Also, Ichiba will remain as a stakeholder in each of the projects to ensure your investment made. Ichiba stakes are to be managed by Ichiba fund, and it will be governed by the ICO coin holders.

The Ichiba coin will be used to maintain the fundraising projects along with the Ichiba network. ICA or Ichiba coin is a master node coin will is issued within the platform. The ICA coin is known to serve some utility roles for all the stakeholders.

Disadvantages of Traditional Crowdfunding

The traditional system of crowdfunding has several challenges which needed to be fixed. Ichiba is established with the objective of solving these problems that are faced by the crowdfunding industry. Some of the main disadvantages of traditional crowdfunding include:

Lack of funding Lack of transparency Large platform fees Fraudulent activities in the ICO marketplace

These are some of the significant issues that are solved by Ichiba. The unique features of the platform are developed to take care of all these problems.

Advantages of Ichiba Platform

Ichiba platform is developed with plenty of useful features that can prove to be beneficial for the crowdfunding sector.

The platform will provide investors and fundraisers with a bunch of quality

opportunities to raise fund and invest. Both project champions and projects will be pre-vetted by the platform. The platform is known to make use of a smart contract. It also provides a competitive fee structure. With the help of the platform, you will be able to reach the potential investors and funders in the market.

Team Members

The platform is backed by efficient team members from different fields. The team of Ichiba is comprised of qualified people who are experts in their respective field. It is with their effort and hard work that the project can become a success.

Ichiba has made a new partnership with Deviant coin team. They are going to handle and manage the decentralized part of the fundraising algorithm.

Final Words

Overall, it can be concluded that Ichiba is an efficient project that has been developed to help solve the problems faced by the crowdfunding sector. With the help of this platform, both the funders and the investors can be benefitted. To know more, you can go through the official site of the project.

To learn more, you can always check their official website or download their litepaper.

Article Creator: cryptomagis