Our goal is to add structure to this space by providing due diligence and vetting for promising blockchain tech startups on the DealBox platform. We can give the public some assurance that they are supporting a great team with a viable business model and sound technology.
SAN DIEGO (PRWEB) December 12, 2017
Dealbox, a blockchain business accelerator and tokenized crowdfunding platform, has recently launched their public token sale, inviting members of the public to acquire their DLBX token which acts as a discount voucher for pre-sale tokens of rigorously vetted blockchain ventures.
In 2017 alone, over $3.5 billion has been raised through the ICOs of more than 200 blockchain projects. While many may have the potential to succeed, there exists a legitimate fear among crypto enthusiasts that the venture they are supporting will flounder -- or worse, that the ICO was fraudulent, or merely a “cash grab.”
Some of these fears were realized recently with several high profile ICOs running into various governance issues. Also of note is the fact that out of over 200 ICOs this year only 1 in 10 tokens are in use on their respective platforms.
“The crypto space offers huge potential but is much too volatile right now -- there’s little regulation, participants risk supporting flawed projects that should not be raising money from the public,” said Thomas Carter, the founder and CEO of DealBox. “Our goal is to add structure to this space by providing due diligence and vetting for promising blockchain tech startups on the DealBox platform. We can give the public some assurance that they are supporting a great team with a viable business model and sound technology.”
Carter, a serial entrepreneur, has been in the startup scene for over 25 years. His entrepreneurial career began in the 1980’s with Thruster, Inc., an early pioneer in wakeboard design. He later went on to found Netrom, Inc., the first CD ROM digital magazine, which he took public in the early 2000s. Carter then moved his entrepreneurial interests to the investment side of the table, and has founded several companies involved in venture capital and private equity, including Capital Services Group, an advisory firm helping early-stage companies raise capital.
The DealBox platform is the evolution of an innovative early-stage venture capitalization platform called Equity Round. This evolution is the cumulative distillation of over a decade of proven capital markets experience and acumen demonstrated by Capital Services Group.
With the DealBox team of seasoned fintech and crypto economic advisors, DealBox is well positioned to bring the tried and true vetting process used for traditional venture capital projects into the crypto world.
DealBox applies a systematized vetting and preparation process to every venture that enters their pipeline. They assist early-stage blockchain ventures in developing their blockchain tech approach, financial model, white paper, marketing plan, website, business strategy, and more; and provide them with legal advisement through their launch at no upfront cost for approved projects.
After the due diligence process is completed a token pre-sale is offered on the DealBox platform that provides a democratic ecosystem where holders of DLBX can acquire pre-sale tokens at a discount.
Anyone can join DealBox’s platform by purchasing DLBX tokens, which have a fixed buying power of $1 USD on the platform to protect holders from volatility. The DLBX token also includes a unique price-locking mechanism that allows for repurchase of used tokens at the original discounted token sale price. All of DealBox’s supported ventures adhere to the SEC's Howey Test for non-security utility token concepts.
“We are playing a pivotal role in developing this new space,” Carter added. “With the DealBox vote of confidence, many more individuals will take the plunge and begin participating in the boundless opportunities being created by blockchain technology.”
The DealBox token sale launched on November 19th, 2017, and will extend until January 19th, 2018. Through this sale, individuals can purchase DLBX tokens at a 25-50% discount, depending on the number of tokens they purchase.