San Francisco, March 23, 2022 — MilestoneBased, the first company to leverage a blockchain distributed autonomous organization (DAO) and escrow smart contracts to dramatically improve the startup funding process, has announced its first public token sale and initial decentralized exchange offering (IDO) on PancakeSwap. The company was incubated by Applicature, a well-established blockchain venture builder and accelerator that has worked with more than 270 portfolio and client companies since 2017.
The milestoneBased (MILE) token will debut on Thursday, March 24, at 4 pm UTC. The pool will be MILE-Binance USD (BUSD).
The milestoneBased token is being offered via a power launch, which is similar to a fair launch in that there are no presales or private sales, and the initial circulating supply will be only $75,000. This has been designed to offer the best long-term growth opportunities to the user and tokenholder communities.
Started in 2018 by the Applicature team of blockchain and startup industry veterans, milestoneBased allows any early-stage startup to list company roadmap milestone goals. Startups can connect and collaborate with crypto venture capital firms and angel investors on the platform for potential funding. Funding decisions and governance are voted on as part of the DAO, and funds are securely held in an escrow smart contract until milestones are verified and voted complete. The platform also offers a host of startup education tools and investor tools for artificial intelligence and performance analysis.
The milestoneBased platform offers investors superior capital, funding process efficiencies and automation versus existing practices that can take many months to execute a completed deal. Investors can be confident funds are secure, benefit from data-driven insights for decision making and that the path to monetization and liquidity for their investments is faster. Startup teams gain easier access to crypto investors and funding and are more motivated to achieve milestones for strengthened performance.
“Our team is excited to be conducting our first IDO with PancakeSwap, marking an important step in our roadmap. We’ve been working hard to create a next-generation platform, solving existing problems of a broken funding management process in the startup ecosystem,” said Ian Arden, founder and CEO of Applicature. “Our mission is to automate and dramatically improve milestone management and collaboration between crypto investors and their portfolio of startups, resulting in a more transparent, equitable and sustainable financing model. We look forward to welcoming the startup community to use our platform and our utility token.”
MilestoneBased is also planning a sustainable finance forum later this year, exploring blockchain as an enabler of financial equality and societal goals in the startup funding ecosystem and beyond.
To participate in the IDO, visit PancakeSwap.finance.
Information for milestoneBased:
- Website: applicature.com
MilestoneBased is on a mission to fix a legacy system of venture capital inefficiency by revolutionizing collaboration on milestone management between crypto investors and startups. It is the first company to leverage a blockchain DAO and escrow smart contract capabilities on an automated governance and milestone achievement management platform. Early-stage investors can achieve greater capital and process efficiency, improved security and transparency, and data-driven insights for a faster path to the liquidity and monetization of deployed funds. Startup teams can become milestone-focused and motivated for strengthened performance: milestoneBased.com.
Linda Montgomery, communications — linda.montgomery@milestoneBased.com