PALMA DE MALLORCA, July 15, 2022 (GLOBE NEWSWIRE) – June 28, 2022, The development team of Avoteo SL released a beta version of the Avoteo crowdfunding platform based on the Roadmap released at the beginning of the ICO. After a short registration process and connecting your wallet you can use various functions of the platform. The first users have started testing the basic features of Avoteo: publishing commercial proposals, like interesting projects, discussing ideas and providing original solutions. You can find the beta version at www.avoteo.com
According to the platform’s founder, the goal of the Avoteo beta version is to build community and collect feedback to improve the user experience. The full release of Avoteo with the launch of first round funding for community -selected projects is planned for September 2022.
So, we decided to check out Avoteo and its unique concept that allows investors to receive passive income to choose from, and start a project to fund the idea. Let’s see how Avoteo works!
Avoteo vs. traditional crowdfunding
According to research conducted by Sascha Kraus, professor at the Free University of Bozen-Bolzano, there are currently three main crowdfunding models:
1. Reward model
Investors contribute funds directly to the startup, receiving real and unrealistic rewards as an investment exchange.
- Advantages: simplicity and high potential for investment growth
- Disadvantages: high risk and unsafe investment
2. Credit model
The funds are entered by individuals who lend money to others or companies in need of money.
- Advantages: investment security
- Disadvantages: low potential for investment growth and complexity of implementation for individuals
3. Equity -based model
Individuals invest money for stock exchanges in companies seeking capital. At any time, shares can be exchanged for fiat money.
- Advantages: easy investment for individuals
- Disadvantages: high risk associated with low stock liquidity
Although each of these models allows you to earn money, in fact, the investment is risky, especially when the funds are sent directly to the startup. To reduce these investment risks and restore confidence in the investment community, Avoteo has created its own crowdfunding model that allows you to reap all the benefits while avoiding the major shortcomings of traditional models.
Avoteo crowdfunding is based on free voting, a mechanism that allows not to invest in a project until it has passed all stages of selection at the community level. Thus, only the most trusted projects will receive funding from Avoteo’s blockchain -enabled transparent pool.
Choose and earn passive income with Avoteo
Avoteo is a crypto-currency fund and services platform that allows creators to raise funds to implement these ideas through collective funding. The Avoteo Fund is formed not from non-refundable donations from the community, but from transaction costs incurred by trading the original AVO tokens, which can be used in the same way as other cryptocurrencies: walks, exchanges, profits from distribution, and so on. .
Here’s how crowdfunding works at Avoteo:
- Project registration
By registering at Avoteo and becoming a holder of a genuine AVO token, anyone can create a project and raise funds for filming, developing computer games, or launching new products into mass production – in one word, for creative, educational, social ventures that may be of interest to others.
Each project on the Avoteo platform has its own web page where entrepreneurs can discuss ideas and answer questions from interested investors.
- Voting for a job
For a project to receive funding, it must be a leader in community votes. Everyone who has an AVO token can participate in choosing a project that is interesting to them.
The role of the user is to check and evaluate the projects displayed on the platform and to vote. Each wallet that has 200 AVO is eligible for a limited number of votes. The number of sounds and weights are the same for each owner.
- Project funding
After voting, the results are summarized, and the most popular projects receive funding. To prevent investment fraud by startups, Avoteo divides the development process of each project into agreed -upon milestones with measurable goals that startups must meet in order for investor funds to be transferred to the balance sheet.
All transfer transactions in the system are controlled by intelligent contracts and cannot be initiated by third parties.
- Rewards for voting
By choosing the project, owners can expect to be rewarded if the project grows: Startups determine the portion of the community that is given if the funding is successful.
- 25% of the profits are used to repurchase AVO tokens from the free market and distributed among all AVO holders;
- 15% is distributed among the holders who choose the “right” winning project.
The voting reward is proportional to the number of AVO tokens held in the wallets of individual investors. Since all of the funds you have are in AVO tokens, even if the startup fails, the risk taker will only lose the reward, but not the amount of the initial investment.
Thus, every token purchase has become an investment, and every vote is a direct help to startups on their path to success!
Market skills Avoteo
Just an idea is not enough if you want to create a revolutionary product. Often a product not only has to be created in their minds, but also turned on. When Jeff Bezos founded Amazon.com, he knew it wasn’t enough to just make money and start an organization. Bezos knew he needed to create a team of specialists who could bring the concept together: write code, think about marketing campaigns and manage logistics.
To make it easier for new thinkers to attract ideas, along with a crowdfunding platform, Avoteo creates a skills marketplace where they can message the services of qualified engineers, developers, designers, advertisers, lawyers and specialists. The job market is on the principle of labor exchange, connecting employers (startup founders) and qualified specialists who do not yet have an idea, but have the desired skills.
That’s how the skills market enhances the use of the skills and experience of Avoteo community members to turn ideas into reality
1. Avoteo connects community members with ideas and those with technical knowledge
2. Avoteo Helps Startup Projects Find Qualified Technicians to Create Ideas
3. Avoteo Helps Professionals Find a One -Time or Permanent Job at Promise Startups
To make transactions smooth, payments in the Avoteo skills marketplace can be made in genuine AVO tokens. In this case, the Avoteo platform will provide escrow services, ensuring that customers receive quality service and contractors receive their money. In addition, the skills market will have a voting system that allows you to evaluate the quality of services and help other community members choose the right services.
Do you have an idea for an environmentally friendly CFC -free air conditioning system, but don’t know how to produce the product? Use the Avoteo skills marketplace to find industrial engineers who have industrial design skills but don’t have a multi -million dollar idea. Working together, bring revolutionary concepts to life and make our world a better place with Avoteo! If the community likes the project, Avoteo will definitely fund your idea.
Why do investors need Avoteo?
For investors, Avoteo is a safe and easy way to not only support a promising idea but also make money. Here are the benefits for users who choose:
- investors receive a proportional reward for voting given to a successful project;
- investors can freely exchange tokens on some DEX and CEX.
- the most up -to -date first hand information about the desired project is available on Avoteo;
- Avoteo saves investors from intermediaries, so they can communicate directly with authors;
- AVO token holders can participate in platform management through DAO.
Why does a startup project require Avoteo?
For start -up projects, Avoteo is an opportunity to attract many interested investors. Here are the benefits for authors who publish their projects on the Avoteo platform:
- Avoteo gives you direct access to a large audience and allows you to not rely on intermediaries in the production and distribution of creative content;
- for innovative businesses and startups, this is an opportunity to try out a new product or service at no upfront cost, understand potential demands and decide on a pricing policy;
- Avoteo is a cryptocurrency project that helps users from all over the world support unlimited startups;
- community feedback and comments help improve the product.
Why do you need Avoteo if you can raise your own money?
Avoteo creates a convenient infrastructure and effective funding mechanism that provides the most effective crowdfunding.
- Avoteo helps startups reach new audiences. The project community continues to grow;
- Avoteo has a paid job promotion system that allows it to reach more users;
- Avoteo has a manager who is ready to advise project writers on issues that arise.
- Thanks to the use of cryptocurrency, Avoteo offers enhanced funding options;
- There is no censorship in Avoteo, so authors can raise money for any project, regardless of cultural, political, and religious values.
By managing funding using blockchain and a democracy -oriented crowdfunding model, Avoteo simplifies interaction for all participants in the investment market. This increases confidence in the global investment market. After all, trust is the foundation of every human relationship. Trust is anything that is based on a blockchain.
Trying to be the standard for safe crypto investing and creating opportunities for talent ideas, Avoteo creates an atmosphere of trust where it’s most needed. Create creative ideas, and socially important projects and grow your business together with thousands of people alike!
Join Avoteo today: sign in https://avoteo.com, connect cryptocurrency wallets and use a full range of platform features. The project is actively developing in accordance with the ICO plan, and in the future users will see the full launch of the platform. Be the first to benefit from Avoteo!
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CONTACT: Ufuk Karatag Avoteo fk (at) avoteo.com
