Romania-based Web3 crowdfunding platform SeedOn launches SeedOn Finance, its new wallet app. This app will give users easier access to investments and crowdfunding campaigns and will enable them to simply buy and stake SEON tokens without the need for third party intermediaries.
What SeedOn does?
SeedOn is building a decentralized crowdfunding solution that aims to provide traceability and transparency to all stakeholders, so that they have full control of their investments at all times.
Utilizing the native SEON token, users can invest in projects on the platform, with funds being held in escrow and released periodically for additional investor security. Projects and founders go through an intensive validation process before being granted access to the platform. Moreover, the Smart Contract Escrow Model guarantees safe transfer of funds, expanding the future of crowdfunding for project developers and investors alike.
Crowdfunding platforms are fertile ground for scammers and fake campaigns, with just the latest example being the high increase in scams discovered during crowdfunding campaigns to donate to Ukrainian refugees.
People donated nearly $100 million for those affected by Russia’s invasion of Ukraine through crypto crowdfunding campaigns. This, however, also opened the door to an influx of scams, with bad actors preying on the goodwill of prospective donors through phony philanthropic efforts. Such scams spurred widespread uncertainty about the validity of crypto crowdfunding and online fundraising in general.
SeedOn uses AI and Smart Escrow Model to combat the potential risks that await investors on the different platforms and runs every project through meticulous screening to provide users with security and transparency.
SeedOn Finance App Makes Crowdfunding Easier And Safer
By adding SeedOn Finance to its platform, SeedOn helps users get access to safer investments and manage and collect their vested coins seamlessly.
Constantin-Claudiu Minea, Co-founder and CEO of SeedOn, said:
“Our community expressed concern about the safety of staking their SEON on other platforms. We decided to develop a native option for SEON staking, with guaranteed security. We are always listening to our investors’ feedback and constantly brainstorming solutions to meet their needs.”
Investors looking to participate in SeedOn crowdfunding campaigns can purchase SEON on public exchanges. If seeking to earn yields on staking their tokens, investors previously had to rely on third-party platforms.
SeedOn Finance streamlines this process by eliminating the need for any intermediaries with native token staking and vesting. SeedOn’s native staking program enables investors to choose between multiple staking periods of 30, 90, or 150 days, which offer APYs of seven percent, 30 percent, and 50 percent, respectively.
SeedOn Finance users can also use the wallet to collect their vested coins from private and public pre-sales, previously airdropped to their third-party wallets. The wallet allows them to check the next vesting date and the number of tokens they are due to receive.
More features are being added to the platform
SeedOn is currently developing a mobile application with novel features and capabilities that incorporate gamification for stronger user engagement.
SeedOn will subsequently release a second version of the wallet, both for mobile and desktop. This version will introduce new features, including secure biometric-driven KYC and a fiat on-ramp for SEON.
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