EQUI Capital Review
Venture capital fundraising has traditionally been the domain of a small select group of influential firms and individuals. This could very easily be about to change with the introduction of cryptocurrency, however. EQUI Capital is essentially trying to tokenize the traditional venture capital model by creating a platform where investors can fund projects with cryptocurrency. What makes this ICO stand out is the high profile team behind it, which has resulted in a lot of coverage by traditional media like newspapers and TV. Given that the ICO is spearheaded by two of the most influential businesspeople in the UK, who bring over three decades worth of experience with them, it is definitely one to put on the watch list.
What is EQUI Capital?
The concept behind EQUI Capital is quite simple. The team aims to create a platform where regular investors like you and I can utilize a cryptocurrency token to invest in innovative technology startup companies. Rather than doing fundraising rounds like they have done traditionally, the developers will receive investment funds in the form of the platform’s native EQUI token. As the startup progresses and begins to make a profit, this will be shared with the investors in the form of Ethereum’s Ether tokens.
How EQUI Capital it work?
For those of us who spend a long time reading various ICO white papers, the one produced by EQUI Capital is refreshingly professional. It does help, of course, that the concept is very simple to grasp. The EQUI Capital platform will be tethered to the Ethereum blockchain using a suite called Dapps. Dapps will be used to manage the smart contracts used as agreements between the investors and the startup firms. The platform’s users will be divided into three categories. The first one is traders, who are owners of EQUI tokens and hope to trade them on the exchange for other cryptocurrencies as the EQUI Capital platform becomes more successful. Similar to traders will be the holders, who hold the EQUI tokens on the platform itself. As opposed to traders, they will be rewarded by keeping their tokens on the platform as liquid assets. The last category is the investors. As opposed to traders and holders, investors use their EQUI tokens to fund the startups on the platform. Needless to say, investors will be the group of users benefitting most from the tokens, as the platform itself will reward them for keeping their tokens on the platform, and they will also be rewarded when the startups they fund become profitable.
Who is behind EQUI Capital?
One of the big draws when it comes to the EQUI Capital project is the people behind it. Although quite a few ICOs are created by individuals with extensive experience in the cryptography and software development space, EQUI Capital has the added benefit of celebrities. The founders themselves are high profilers, Doug Barrowman and Baroness Michelle Mone. For UK readers, these people need little introduction. Barrowman is a Scottish billionaire who has been in the capital venture space for over 30 years. Mone is a television personality and successful businesswoman. On their team, we find three groups of people. The project group consists of developers, marketers and project managers. The second group is a board of investment directors who come from the legal and finance sectors. The third group is an advisory board made up of blockchain and cryptocurrency experts, as well as a wide range of entrepreneurs.