Crowdfunding comes a full circle with FundYourselfNow — A Revolutionary Crowdfunding Platform with Blockchain as its Backbone

Katalyse.io
CryptoDigest
Published in
2 min readMay 24, 2017

Crowdfunding has been around for a few centuries now. That’s right, centuries, not decades! Nothing new here! Don’t take our word for it. Here’s a chronological list of dates that we put together to give credibility to our claim.

  • 1700s Irish Loan Fund | Gives loans to low-income families in rural Ireland.
  • 1800s — 20% of all Irish households used the above program
  • 1976Dr.Muhammed Yunus comes up with a brilliant micro-finance program to provide banking opportunities to low income residents. In 5 years since launch the program helped 30,000 members.
  • 1983Grameen Bank, Dr. Yunu’s original idea transformed into Grameen Bank that helped more than 8 million borrowers.
  • 1997 — The U.S tour of the British rock band Marillion raises $60,000 online from its U.S fan base
  • 2000artistShare — The first crowdfunding site for music.
  • 2005Kiva launches to give individuals a chance to support small business entrepreneurs directly.
  • 2006 — Yunus and Grameen Bank win Nobel Peace prize.
  • 2008 Indiegogo — removes the middlemen from crowdfunding
  • 2009 Kickstarter launches. Creative projects around the world bloom.
  • 2011 — Obama brings to light “Startup America Initiative”
  • 2012 Fundable launches — Equity based crowdfunding platform launched in conjunction with JOBS (Jumpstart Our Business Startups) Act.
  • 2012 — President Obama signs JOBS Act into Law.

Important to mention here is that Crowdfunding is a subset of crowdsourcing. In crowdfunds’ case, the resource which is sourced being funds in the monetary sense.

FundYourselfNow acknowledges these influential historic pivotal points in the crowdfunding arena.

However, the team behind FundYourselfNow sees a potential in crowdfunding and crowdsourcing, which has for the most part been missed largely in the past decades. Sometimes the innovations of our time are only limited by the technologies that draw the boundaries of what is possible.

The Fundable and Kickstarter would have had a tough time, ahem… kickstarting their platforms, if Internet was not in place already. Kickstarter became mainstream platform when Internet was already a mainstream technology available for the masses.

We are standing at the nexus of such a pivotal moment. Internet decentralized and democratized information flow. While cryptocurrencies and blockchain technology are set to decentralize and democratize the flow of value.

At FundYourselfNow, we are just re-running the full circle that traditional Internet-based crowdfunding has come about in the past 20 years, only this time — FundYourselfNow is making the system extremely efficient, credible and integral, as we now have two technologies as our backbone — Internet and the Blockchain.

This time around crowdfunding is gonna be ‘complete’.
But we need your support.
Our crowdsale begins on 2nd June, 2017. You can pre-register yourself here.

We can’t wait to bring this powerful platform over to you.

Yours Truly,
FundYourselfNow team

--

--