Much more trust for projects launched on Polkatrain depends on Entrust plan
Investment market is unpredictable and fluctuated, especially in blockchain finance investment world in crypto currency. Venture capital or individual investors use ETH, Bitcoin, USDT or others to buy token of the projects they are in favor of or well known in community. Here on Polkatrain they can invest by DOT directly. However, there is a big problem existing that with the growth of the project sometimes would confuse investors to make decisions that sell or buy the token about the quantity and time, also influence the traders on marketing. In order to deal with this problem, Entrust plan has been launched on Polkatrain.
The DOT one project raised on Polkatrain could be managed by at least three representers they voted in community to multi-sign the DOT address. The representers act as supervisors to monitor the DOT the project raised on Polkatrain. If the team of the project plan to use DOT as marketing and developing fee or other budget, they can apply in the community officially to the representers.After the representers confirmed, they will open the wallet to multi-sign for transfer DOT the project needs. Additionally, in order to make sure that representers do not chat or infringe the rule when manage the fund together, it could be better that one of the representors comes from the team of project such as the founder or cofounder.
All the token holders in community could know the fund used well promptly by this method. It contributes to help them trust the project they invested totally. Meanwhile, investor could acquire information what team is doing in deferent periods and their fund changes here invested on Polkatrain. As a result, community members could make better decision when to sell or buy the token of the project, how much to sell or buy depends on their own opinion.
The project monitoring by community with finance needs application each time and the representers multi-sign and releases DOT to them at the same time. It is an innovative and efficient way to let more investors that take participate in the fund raising of the project they like. Join in www.polkatrain.com and launch your project on Polkadot, all individuals including agencies that take part in fund raising will trust much to boost your project among Entrust plan here.