As ICO’s were scamming the market one investor at a time, skepticism around the reliability of digital assets grew and misconceptions surrounding blockchain flourished. The sole goal of milestoneBased is to drive positive changes in the crypto-industry through fostering relationships between VCs and crypto-startups and creating a safe investment environment with the help of blockchain technology.

But hold on, let us tell you how everything started.

A Hunting Ground for Fraudsters

Investors, regulators, and the public at large are scrutinizing the utility and viability of ICO’s. More recently, ICO’s are seen as a dangerous scam. This is due to the fact that a lot of ICO’s simply lack vision and use cases for their potential product. Many of them are pure scams straight from the beginning. 

Indeed, this oversaturation of fraudsters could do nothing but harm the industry. When it comes to VCs, they have suffered the most.12 startups that failed in 2018 took $1.4 billion in VC funding with them. 

On the bright side, ICO’s actually provide benefits to companies and investors on top of being a lucrative way to raise money, as they utilize secure and unique technologies accessible to interested parties. But suppose the performance of a project related to digital assets is not satisfactory. In that case, the value of its token may decline, increasing the difficulty for the company to secure additional investment. And, of course, VCs won’t be willing to provide resources to a startup that is simply not viable. 

Revolutionizing the Investor-Founder Relationship

We have come to the realization that VC firms need a tool for systematic investing that will push crypto startups to move forward faster. Specifically, a platform that alters the collaboration between VCs and ICOs by delegating control over expenses, execution, and performance to a trusted party - a “Smart Contract.” 

That’s how the idea was born. We realized that if investors are given a chance to fund a startup step-by-step, it will eliminate risk. With the help of our DAO platform, VC firms are able to reach out to early-stage crypto start-ups and deploy their investment efficiently. And with an escrow smart contract in place, VC funds don’t have to rely solely on the fantastic promises of the project’s founders. Utilizing e-signature voting technology, investors can approve/decline project milestones, open new funding stages, and vote for any other governance decisions. No need to trust people when there’s the technology to keep your money secure, giving you peace of mind. 

milestoneBased has turned the escrow smart contract into a trustworthy chancellor that safeguards investors' funds. Since the money is sent to a startup team’s account only after KPIs are fulfilled, the successful funding of a project depends solely on the team’s performance.

The Technology Behind milestoneBased

Due to a profusion of scams, a new form of ICO has been created: a hybrid between a traditional IPO and ICO - STO. And with every new emerging version of the ICO model (IEO, IDO), a level of trust and legitimacy has been reached. But one fundamental aspect is still missing from the crypto space — this is project performance. 

Having that in mind, we’ve crafted our platform in a way that allows investors to track all processes related to execution. The roadmap design tool ensures transparency to all the stakeholders of your company or organization, especially potential investors, by providing them with a clear, comprehensive, and accessible view of your project’s progress. The sole purpose of roadmaps is to help identify obstacles or potential issues before they become a bigger problem.

milestoneBased Team

Our amazingly experienced team is the heart of milestoneBased:

Chief Executive Officer - Ihor Savchuk.

Chief Technology Officer - Andrew Zubko (CTO at Applicature and Pearl Consulting).

Partnerships - Hartej Sawney (founder of Zokyo venture studio).

Chairman and co-founder - Ian Arden (CTO at Bridge Mutual, co-founder and CEO at Applicature).

Way to Go

We want to help both venture capital firms and startups use funds smartly and effectively. We'll ensure a smart investment model that will motivate startups to reach their goals.