Avoteo created a platform through which users and creators will be able to reach thousands of potential investors. Customers should present their idea and convince Avoteo’s community, along with collecting Likes to receive funding. The platform will choose the most voted projects and fund them from its own funding pool. On the other hand, investors will be able to select the projects they like and enjoy passive income.
The company launched its native utility token on October 31, 2021. The sale will end on January 27, 2022. AVO token is very trending. Its total supply is 1,000,000,000, and the team plans to trade 50% during the sale. 21 % of the coins are for the team, partners and advisors will get 9%, 15% is set aside for referral, and lastly, 5% goes to bonuses and bounties. The platform will accept ETH, BTC, BNB, and USDT in exchange for AVO tokens. AVOTEO launched the coin on the BSC chain due to its many advantages.
Furthermore, the company will crowdfund its platform with an integrated talent pool. The AVO token holders will have the right to vote on the projects they want to get funding. The platform will select the most voted projects on a regular basis. The chosen ones will get funding from a funding wallet. A 10% transaction tax (4% funding pool, 3% liquidity, 3% redistribution) goes to this wallet. After getting starting capital, financed projects will have to assign some percentage of company shares to AVOTEO. The token holders will also participate in the success of the projects.
The platform reached the soft cap on September 25. Currently, it’s preparing for the launch of the platform. The team is also negotiating with potential partners, along with creating first drafts for the look and feel of its platform. It wants to make the AVOTEO experience exciting and successful for all stakeholders.
Holding AVO-Tokens in their wallet will give investors the right to vote on the projects they want to get funding. Besides, it entitles them to participate in governance votes. Users will also receive passive income through redistribution.
On the other hand, creators and start-up companies will be able to present their projects and find new team members, as well as enjoy the supportive environment AVOTEO creates. Users will face competition to secure their funding, though, which will give them the incentive to do their best.
Furthermore, customers will have the choice of joining a project team or applying to work on projects as a freelancer. As solid software development takes time, the team will gradually develop and release these features.
An investor only has to vote for projects they think are promising. Additional financial contribution is not necessary because the company will fund the winning projects from the funding wallet. The project stage is the place where various projects can attract investors and convince them to vote for them. Users will be able to find potential team members as project owners. They can also offer their services and find projects they can participate in as professionals. Thus, this platform will prove useful for all its members.
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