In the fast-paced and ever-evolving world of cryptocurrency, innovations continue to reshape how projects are funded and managed. One such groundbreaking development is AngelBlock, a non-custodial, protocol-based fundraising infrastructure. AngelBlock is designed to introduce a new era of transparency, decentralization, and democratization to token-based fundraising, vesting, and distribution. This article will delve into the key features and benefits of AngelBlock, addressing the prevalent issues in the current fundraising landscape and demonstrating how AngelBlock's protocol seeks to address these challenges.
Addressing Market Problems
AngelBlock tackles several challenges prevalent in the current crypto fundraising landscape:
Fragmentation and Inefficiency: The crypto fundraising environment is fragmented and inefficient, fostering distrust. AngelBlock centralizes and secures fundraising processes, making them transparent and governed by protocol.
Risk of Rugpulls: The protocol ensures contributor funds are protected on-chain, with capital released only upon startup delivery of milestones. In case of a scam or rugpull attempt, investors can vote to revert funds to contributors.
Lack of Transparent Vesting: Smart contracts on AngelBlock enable transparent, on-chain vesting, eliminating the risk of teams dumping "locked-up" tokens.
Infrastructure Standardization: AngelBlock introduces an infrastructure standard for raising, vesting, and distributing assets, preventing token sales' mismanagement and misuse.
Badges
Badges are an ERC-1155 token that are instrumental within the AngelBlock protocol. They not only represent a contributors voting power in a given raise, but also the contributor's position in vested tokens. Vested tokens paid out after the conclusion of a given fundraise are designated by badge location. Badges are NFTs that are automatically generated upon taking part in a given fundraise.
Milestone-Based Model
AngelBlock's milestone-based model ensures a secure, transparent, and decentralized fundraising process. Startups declare upcoming milestones, and contributors vote based on milestone completion. This model minimizes risks and allows contributors to halt smart contract payouts if issues arise.
Governance and Voting
The protocol employs a robust governance mechanism, where eligible investors participate in standard voting. Voting results determine milestone approval or rejection. Additionally, startups can apply for milestone and roadmap replanning, subject to investor approval.
The THOL Token
At the heart of AngelBlock's transformative ecosystem lies the THOL token, a digital asset designed for multifaceted utility and strategic governance.
THOL, plays a pivotal role in the protocol:
Token Staking: THOL allows users to earn deflationary APY by staking and nominating validators of startups.
Gas Payment: THOL is used to pay gas within the protocol, eliminating the need for ETH on the user's side.
Protocol Interactions: THOL is required for all protocol interactions, including participating in raises, buying and selling badges, and claiming tokens.
Additional Privileges: Holding THOL in the wallet provides additional privileges, such as priority deals and community-building incentives.
AngelBlock NFTs
AngelBlock NFTs, provides holders with utility features on the platform and additional benefits. The NFTs are not just a branding mechanism but also represent a potential revenue stream for the platform.
The team
The core team behind AngelBlock comprises seasoned professionals, each boasting over a decade of expertise in diverse fields, including finance, legal, technology, and the blockchain/crypto industries. Collectively, their extensive experience forms the bedrock of AngelBlock's innovative approach to decentralized fundraising, ensuring a blend of financial acumen, legal proficiency, and cutting-edge technological know-how. Below, you can find the list of individuals that make up the founding team of AngelBlock.
Alex Strześniewski (Founder & CEO)
Alex has focused on crypto and crypto-based startups for the last 6+ years. He’s passionate about the way that blockchain can impact the world as a whole and change the way people think of value and its transfer.
A former crypto-fiat exchange executive, Alex has years of management and operations experience and has helped companies navigate the ever-changing regulatory landscape. He has worked as a blockchain consultant for one of the largest FMCG companies in Europe, led various projects through obtaining regulatory licenses in the crypto space, and has been an active advisor and investor in numerous crypto and FinTech projects.
If you would like to see more of Alex's work, here's his LinkedIn profile.
Marcin Majchrzak (Co-founder & CTO)
Marcin had his first successful startup launch in junior high school and since then he’s been a mainstay of hackathons, competitions and pioneered development that lead him to running the blockchain department in one of the larger software houses on the European market.
One of Marcin’s latest works was dedicated to improving the speed of pharmaceutical drug delivery and another one where he contributed to one of the upcoming DeFi option trading AMMs.
If you would like to see more of Marcin's work, here's his LinkedIn profile.
Dawid Wasilewski (Co-founder & CLO)
Dawid has specialized experience within the Blockchain space as he held the position of Head of Legal at an International Cryptocurrency exchange for a two year period prior to joining AngelBlock. He is ahead of his field with regards to regulatory knowledge and application within this space.
If you would like to see more of Dawid's work, here's his LinkedIn profile.
Advisors
AngelBlock's advisor team brings a wealth of experience and expertise in the blockchain industry and finance.
Conclusion
AngelBlock's protocol emerges as a transformative force in the crypto fundraising landscape, offering a solution to the inefficiencies, lack of transparency, and risks associated with current practices. By integrating a decentralized, on-chain, and transparent framework, AngelBlock aims to set a universal standard for fundraising, vesting, and token distribution across various blockchain ecosystems.
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