AngelBlock Announces Startup Grant Program and Platform Launch

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[PR – War­saw, Poland, 31st August, 2022, Chainwire]

Angel­Block is a plat­form ded­i­cat­ed to bring­ing togeth­er vet­ted, note­wor­thy cryp­to and Fin­Tech star­tups with knowl­edge­able investors. The aim is to allow fric­tion­less pro­vid­ing of financ­ing and sup­port by investors to new ven­tures in the cryp­to, blockchain, and Fin­Tech space focus­ing on ear­ly-stage invest­ments, in a man­ner that’s ful­ly on-chain and decen­tral­ized. The team pre­pares to launch the fundrais­ing plat­form in Q4 lat­er this year, and they want to sup­port three promis­ing star­tups with a 90,000 USDT grant pro­gram. Win­ners of the grant will not only get 30,000 USDT each but will also be list­ed on the plat­form for fundrais­ing and have access to the core Angel­Block team for mentoring.

Grants appli­ca­tions will open on August 31 and close on Sep­tem­ber 30, 2022. The review process will take about a week, and the win­ners will be announced on the week of Octo­ber 10, 2022. The team will con­sid­er star­tups want­i­ng to do a token sale, that are ready to fundraise, and that are will­ing to raise in USDT, USDC, and/or DAI on Ethereum. Oth­er terms and con­di­tions may apply and can be found here.

“We saw this cryp­to win­ter as an oppor­tu­ni­ty to not only help some promis­ing star­tups but also as a great way to show­case our unique solu­tion to what we think is one of the biggest block­ers in this space”  says Alex Strzes­niews­ki, Angel­Block CEO.

What is AngelBlock

There were many rea­sons for cre­at­ing Angel­Block. The most impor­tant is that the team saw a glar­ing need to address the fric­tion points for fundrais­ing in cryp­to. Hold­ings post-raise are not well decen­tral­ized, there’s a lack of trans­paren­cy and investor pro­tec­tion, not enough empha­sis on keep­ing star­tups account­able for their mile­stones, and the obvi­ous prob­lem of VCs dump­ing on retail even though both par­ties took part in the same round. In short, Angel­Block wants to gen­er­ate as much val­ue for investors, star­tups, and their com­mu­ni­ties with­in the dig­i­tal assets ecosystem.

“The eas­i­est way to describe Angel­Block would be to call it a DeFi pro­to­col focused on fix­ing the prob­lems of fundrais­ing with­in the space. Our solu­tion works sole­ly on smart con­tracts and adds much-need­ed trans­paren­cy and decen­tral­iza­tion to the fundrais­ing process. Investors can vote on start­up mile­stones and track every­thing on-chain which means gov­er­nance out-of-the-box from day 1 – that’s real­ly cool.”  says COO, Max Torres.

The team has been build­ing all through­out 2021 and 2022 hav­ing launched their Angel­Block NFTs in Q2 2022 – which will unlock ben­e­fits on the plat­form. The launch of v1.0 of the Angel­Block pro­to­col and plat­form is planned for Octo­ber 2022, fol­lowed by the $THOL Token Gen­er­a­tion Event in the same month.

AngelBlock’s mis­sion is to build a com­mu­ni­ty of investors, sup­port­ers, and entre­pre­neurs devel­op­ing inno­va­tion in cryp­to sus­tain­ably. To apply to the Angel­Block Start­up Grant Pro­gram click here.

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