• SeedOn utilizes the Smart Contract Escrow Model for its crowdfunding.
• It runs on the BSC Network.
• SEON stands for SeedOn’s native token.

SeedOn, which is blockchain-based, revolutionizes crowdfunding. Project funding can be done via their Smart Contract Escrow Model. Project owners can access limited cash flow until they achieve their goals. In this way, losses can be kept as low as possible in the event of unanticipated events. During this time, investors get the remainder of the fund back.

In addition, SeedOn’s Smart Contract Escrow Model’s blockchain service is built on the Binance Smart Chain (BSC) network. In turn, this provides transparency to stakeholders as they can track the fund’s movements during the course of the deal.

Crowdfunding is susceptible to fraud and regulatory breaches. SeedOn hopes to change things by adding more security to the crowdfunding process. Before approving a listing, it carefully reviews each project. It does this to stop fraudulent participants.

To join SeedOn’s crowdfunding campaign, interested investors must purchase its native token–SEON on public exchanges and then deposit them into the platform’s wallet. Users can pay with fiat currency as well. In this case, SeedOn’s backend will convert the money into SEON in the investor’s wallet.

Last December 2021, SeedOn held a private and public sale during SEON’s Initial Public Offering (ICO). It raised $1.4M and sold its second presale in less than 5 hours.

Additionally, SeedOn Constantin Claudiu Minea’s CEO and Cofounder commented on the matter:

SeedOn aims to promote the next generation crowdfunding. Startup developers face many challenges. Funding should allow for growth and not hinder innovative ideas. This is why we are excited to help ease the process. We will reduce scams, and, in turn, increase trust in crowdfunding.

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