With the advent of blockchain technology, people all over the world have access to new and exciting opportunities. Crowdfunding was one of the most innovative fundraising techniques that gained importance for start-ups in the last century. After the 2008 financial crisis, crowdfunding emerged as a new form of revolution in the fundraising process. SUMMIT, a crowd marketing platform with programs based on blockchain technology, aims to connect global members to the digital economy and offer them different opportunities around the world. Coupled with blockchain technology, which gives users a transparent way to distribute funds through smart contracts (TronScan), SUMMIT harnesses the power of the community to be the driving force of the economy for the limitless future.
“Due to the widespread acceptance and social acceptance of the modern information age, crowdfunding has expanded on a large scale and provided the infrastructure to reach millions of investors and supporters online. By disrupting the blockchain, crowdsourcing could be revolutionized today to open up new uses and achieve global reach. SUMMIT is designed to help people realize the full potential of crowdsourcing through blockchain disruption, ”said one of the developers.
The developer said that within the first 30 days of SUMMIT’s crowdfunding campaign preparation, nearly 2000 users registered and the number is expected to reach 50,000 by the end of the first quarter of 2022 being invested in campaigns, or nearly USDT 70,000 per day.
The developer also cited Businesswire, stating that the global crowdfunding market is expected to grow by $ 196.36 billion over the period from 2021 to 2025, with blockchain technology and niche crowdfunding platforms creating significant demand. With this in mind, SUMMIT will try to gain traction in the global fintech sector, especially in the wake of the COVID pandemic.