milestoneBased, the first company to leverage a blockchain DAO (Distributed Autonomous Organization) and escrow smart contracts to dramatically improve the startup funding process, announced its first public token sale IDO (Initial DEX Offering) on the Pancake Swap decentralized exchange. The MBT token will debut on Thursday, March 24th at 4pm GMT, London, UK time.
The milestoneBased token is being offered via a Power Launch which is similar to a Fair Launch in that there are no presales or private sales, and the initial circulating supply will be only $75,000.
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Started in 2018 by a team of blockchain and startup industry veterans, milestoneBased enables any early-stage startup to list company roadmap milestone goals and connect and collaborate with crypto VC and Angel investors on the platform that will provide funding. Funding decisions and governance are voted on as part of the DAO and funds are securely held in an escrow smart contract till milestones are verified and voted complete. The platform also offers a host of startup education tools and investor tools for AI and performance analysis.
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The milestoneBased platform offers investors superior capital and funding efficiencies and automation versus existing practices that can take many months to execute. Investors can be confident funds are secure, they benefit from data-driven insights for decision making, and the path to monetization and liquidity of their investments is faster. Startup teams gain easier access to crypto investors and funding and are more motivated to achieve milestones for strengthened performance.
“Our team is excited to be conducting our first IDO with Pancake Swap, marking an important step in our roadmap. We’ve been working hard to create a next-generation platform solving existing problems of a broken funding management process in the startup ecosystem” said Founder and CEO, Ian Arden. “Our mission is to automate and dramatically improve milestone management and collaboration between crypto investors and their portfolio of startups, resulting in a more transparent, equitable and sustainable financing model.” He added “We look forward to welcoming the startup community to use our platform and our utility token.”
milestoneBased is also planning a Sustainable Finance Forum in the later in the year, exploring blockchain as an enabler of financial equality and societal goals in the startup funding ecosystem and beyond.
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