Bitcoin startups get dedicated crowdfunding platform
A new crowdfunding platform called Timestamp has been launched in the United States specifically for Bitcoin startups, providing an alternative funding avenue for crypto projects. Announced on November 25, 2024, Timestamp aims to connect Bitcoin-based startups with both accredited and non-accredited investors. Investors will obtain ownership stakes in the startups, similar to traditional equity investments, while maintaining regulatory compliance. Timestamp charges a 7% commission on successful campaigns without upfront fees, and startups can initiate soft launches to gauge interest before a full rollout. Registered with the SEC since October 2023, Timestamp ensures a regulated environment for its operations. Currently, five projects, including Bitcoin wallets and innovative gaming applications, are raising funds on the platform. The move towards equity crowdfunding represents a shift in the Bitcoin ecosystem, which has seen a surge in activity following the introduction of new protocols and the approval of Bitcoin ETFs. CEO Arman Meguerian notes that as they work towards enabling Bitcoin payments by 2025, the platform is critical for fostering sustainable growth within the Bitcoin ecosystem.
Source 🔗