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Launch of the DeFi Protocol AngelBlock Startup Grant Program and Platform

Launch of the DeFi Protocol AngelBlock Startup Grant Program and Platform

AngelBlock is a network that introduces seasoned financiers to leading crypto and FinTech firms after they have been thoroughly researched and vetted. Initial coin offerings (ICOs), blockchain startups, and financial technology (FinTech) startups will be able to raise capital and get assistance from investors in a completely decentralized, on-chain manner. In addition to a 90,000 USDT award program for three excellent entrepreneurs, the team is preparing to launch the fundraising platform in the fourth quarter of this year. The grant recipients will receive 30,000 USDT apiece, as well as exposure on the platform for fundraising, and access to the core AngelBlock team for mentoring.

Beginning on August 31 and concluding on September 30, 2022, grant applications will be accepted. After an approximately one week assessment period, the winners will be announced the week of October 10, 2022. Startups that are ready to raise funds via a token sale on Ethereum using USDT, USDC, and/or DAI will be taken into consideration by the team. Additionally, the following terms and conditions may apply.

For Alex Strzesniewski, CEO of AngelBlock, “this crypto winter was an opportunity to not only aid some potential entrepreneurs but also a terrific method to present our unique solution to what we think is one of the main obstacles in this industry.”

AngelBlock

There are several uses for AngelBlock, which led to its creation. What really counts is whether or not the team recognizes the critical nature of overcoming the obstacles to bitcoin fundraising.

There is a lack of decentralization of holdings after the raise, inadequate protection and transparency for investors, insufficient accountability for firms to reach milestones, and the apparent problem of VCs dumping on retail despite their participation in the same round. AngelBlock aims to maximize value for investors, businesses, and the communities that support them within the digital assets ecosystem.

Max Torres, Chief Operating Officer, summed up AngelBlock well by calling it a “DeFi protocol focused on fixing the difficulties of fundraising within the industry.” Our smart-contract-based solution brings long-overdue openness and democratization to the fundraising process. Investors may vote on important startup milestones and view the results on-chain, which means governance is built in from the start.

The AngelBlock NFTs were released in the second quarter of 2022, after the team had spent 2021 and 2022 working to develop the platform and provide its benefits to users. In addition to the $THOL Token Generation Event, the official v1.0 release of the AngelBlock protocol and platform is planned for October 2022.

AngelBlock’s goal is to create an ecosystem where investors, backers, and entrepreneurs can work together to create sustainable crypto innovations. Get more information about the AngelBlock Startup Grant Program by following this link.

Orizu Augustine
Orizu Augustine is an experienced crypto writer working for Alltechcraft. Having passion for writing, he covers news articles from blockchain to cryptocurrency and iPhone and Samsung related articles.