Announcing a Return to our Roots: The All-New Bitcoin Magazine

Bitcoin Crowdfunding Platform Swarm Announces First Decentralized Demo Day

by

         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 crowdsourced project screening will allow innovative projects to be funded much more quickly without having to be run through centralized middlemen.”

Swarm is using this via their decentralized due diligence process, a way in which participants in the Swarm network can participate in the screening of all projects. Many applications have been received since the unofficial announcement on Sept 15th and a few have already advanced to the video interview stage.

The Swarm platform has already been in Beta release with the Bitcoin Comic, the first full length graphic novel that explained Bitcoin, which recently surpassed 50% of its fundraising goal (http://www.swarm.co/comiccoin). Several additional features and tweaks are planned for the 5th of November release.

Says Joel Dietz, in keeping with the V for Vendetta theme of the event, “Remember, remember, the 5th of November.”

About Swarm

Swarm is a revolutionary crowdfunding platform that uses Bitcoin technology to give out shares in a project. This allows entrepeneur to raise more funds more quickly, and gives a greater share in the project’s success. www.swarm.co

# # #

MEDIA CONTACT

Joel Dietz

Swarm

[email protected]

+1 215 559 9165

Recommended

Op Ed: SEC’s Latest Declaration Creates Legal Minefield for Digital Assets

This broad, authoritative declaration is not unexpected, as, to date, the SEC has stated that all digital assets — regardless of whether they function as alt coins or utility tokens — are securities at least initially and, thus, subject to its jurisdiction.

Huhnsik Chung and Nicholas Secara

Op Ed: Cryptocurrency’s Unrealized Opportunities for U.S. Tax Professionals

Tax accountants and firms that specialize in cryptocurrency will emerge to capture and service this market. The first movers will be the ones who stand to capture the oversized profits.

David Kemmerer

Op Ed: Anatomy of the Tether Attack: Are Stablecoins Vulnerable?

Last month's attack on Tether contains a cautionary tale: Only those coins that can survive such attacks have the slightest chance of becoming the “holy grail" of stablecoins.

Henry He

Op Ed: 10 Takeaways From Recent French Guidance on Blockchain and the GDPR

The CNIL wisely points out, “Blockchain is not always the best technology for all processing of data; it may be the source of difficulties for the controller with respect to its GDPR obligations.”

Laura Jehl