30 Sep '14, 12pm

Bitcoin Crowdfunding Platform Swarm Announces First Decentralized Demo Day

Applications have officially opened for Swarm’s first class with projects to be launched on the 5th of November Sept 30, 2014 — The Bitcoin­powered crowdfunding platform Swarm (http://www.swarm.co ) has announced that its first class of five projects will launch on the 5th of November in the world’s first decentralized demo day. Applications are open until the deadline of October 5th. Swarm, the “Bitcoin 2.0” platform which in July successfully raised in $1mm in an exchange of Bitcoin for its own in­network currency, is now helping other innovative projects to use its newly released platform to raise money in the same way. This involves the exchange of Bitcoins or regular US dollars for a cryptocurrency that can later be redeemed in a project. “The world needs a more fluid funding mechanism,” said Swarm founder Joel Dietz. “We believe that using cryptocurrency and crowdsou...

Full article: http://bitcoinmagazine.com/16890/bitcoin-crowdfunding-pla...

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