(Valletta, Malta) August 19, 2019 – Secure crowdfunding platform Pledgecamp will have its coin “PLG Token” listed on OKEx, a leading cryptocurrency exchange. The listing will be done via OK Jumpstart, the cryptocurrency trading platform’s initial exchange offering (IEO) initiative.
Pledgecamp is a decentralized platform aiming to solve longstanding issues regarding trust and misaligned user incentives in crowdfunding. A multi-billion-dollar market, studies show that up to 85% of projects funded via crowdfunding gets delayed or fails to deliver at all. Most of the time, the platforms are centralized, excluding potential creators in developing countries, and there is often no accountability; creators receive 100% of the funds and owe nothing back if they fail.
Via the blockchain, Pledegcamp launched the crowdfunding industry’s first smart contract escrow system. Project creators place security deposits and perform KYC to earn user trust. Smart contracts will secure funds in an escrow, allowing backers to monitor the project’s timeline and promised deadlines.
The Pledgecamp platform is decentralized. A market network for services. A knowledge center for information. It is collaborative; users can help projects and earn PLG Tokens as rewards, allowing them to contribute more than funds. The team’s goal is to ultimately create a platform where companies and communities are collaborating in an environment where there is an opportunity for everyone to become an entrepreneur.
About Pledgecamp (PLG) Token Sale Details
Pledgecamp is the 7th token sale project on OK Jumpstart to be launched on August 22, 2019 (CEST, UTC +2). The first subscription session will open at 06:00 and the second session will open at 07:00.
While the exchange rate will be determined by OKB’s price on launch day, the Initial Sale Price is 1 PLG = $0.0025. The Individual Minimum Subscription amount is 200,000 PLG with an Individual Cap of 400,000 PLG. The supply for the First Session is at 400,000,000 PLG with an Over-Subscription Limit of 800,000,000 PLG. In the Second Session, the Individual Subscription Amount remains the same but the Individual Cap is increased to 1,600,000 PLG. The Session Supply remains but there is Over-Subscription Limit.
Subscribers are recommended to transfer their OKB to the OKEx Funding Account in advance. The Subscription will be available on OKEx.com and the mobile app (iPhone, Android). The project will be listed initially on two markets – PLG/USDK on August 22, 2019 at 10:00 (CEST, UTC +2) and PLG/USDT Market on August 23, 2019 at 10:00 (CEST, UTC +2). All projects launched on OK Jumpstart will be supported by OKEx and its global partners.
AMA With Pledgecamp CEO Jae Coi
Before the upcoming OK Jumpstart, OKEx’s Filipino Telegram Community Group will host an AMA (Ask Me Anything) session with Jae Coi, co-founder of Pledgecamp. Everyone who submitted interesting questions that got answered by Mr. Coi will receive 2 USDT. Additionally, 5 active members of the community during the AMA will receive 2 USDT as well. Airdrop will also be given. The AMA Session will happen on August 21, 2019 8:00pm (PHT) at the OKEx Filipino Telegram Community Channel at t.me/okexofficial_ph
For more details on the PLG Token Sale, check out https://support.okex.com/hc/en-us/articles/360032325451-OK-Jumpstart-x-Pledgecamp-PLG-Token-Sale-Details
For more details on OK Jumpstart, check out https://support.okex.com/hc/en-us/articles/360027496291-Enhancement-of-OK-Jumpstart-Token-Sale-Rules
Dubbed as Crowdfunding 2.0, Pledgecamp combines decentralized crowdfunding system with blockchain technology. The company’s smart contract escrow system protects backers and are rewarded with PLG tokens during the crowdfunding process. Pledgecamp’s team, composed of crowdfunding veterans Jae Choi, Eddie Lee, and Sam Pullman, backed by Key Advisors Randi Zuckerberg (founder, Zuckerberg Media), Matt Curcio (VP of Data, Ripple), David Ambroz (Exec, Disney Television), Keith Teare (Founding Shareholder, TechCrunch), and Alan Chang (Lead of Operations, Airbnb), envision a world where companies and communities collaborate while giving everyone around the world an opportunity to become an entrepreneur.
OKEx is a leading Malta-based digital asset exchange that offers digital trading services including spot trading, futures trading, and perpetual swap trading, among others. There are over 400 tokens available for trading on the platform.
OK Jumpstart is OKEx’s token sale platform, created to help quality blockchain projects go public and get listed in a liquid and world-class market. OKEx believes that doing this will help fuel the growth of the blockchain market.
About OKEx Philippines
OKEx Philippines is a community of traders and cryptocurrency enthusiasts that supports the vision of the OKEx platform to provide an efficient way for users to get exposed to emerging digital asset class called cryptocurrencies. The OKEx Filipino Telegram Channel is now a 13,000+ strong community dedicated to further OKEx’s mission in the Philippine market.
Join the OKEx Tagalog Telegram community at https://web.telegram.org/#/im?p=@okexofficial_ph
This article first appeared on BitPinas: Pledgecamp (PLG) Token to Launch on OKEx’s OK Jumpstart IEO Platform