What is the whitelist for crowdfunding (BAIYI crowdfunding)

08/15/2023 05:39 • Daily Digest • 58 views

What is the whitelist for crowdfunding? The purpose of crowdfunding is to give participants an opportunity to launch a new entrepreneurial activity that is considered “promising.” Typically, crowdfunding projects are conducted in an open and fair manner and are issued and sold to investors through crowdfunding platforms by their backers.

According to the development history of blockchain, we already know that there was a high level of interest in digital currency transactions and ICOs in the early days of the internet. But now, more and more projects are starting to raise funds or finance through tokens, and with the continuous development and application of technology, the success of these projects has been warmly welcomed by everyone. So, what is the role of the whitelist for crowdfunding? Let’s take a look together. Why do we need crowdfunding? Crowdfunding is an open-source technology that allows everyone to freely join any organization and provide help and rewards to other members. For example, if you can become an entrepreneur or a software development engineer, you can also apply for some equity investment funds as part of your work, and then do this work through various channels before finally getting rewarded.

The main purpose of crowdfunding is to attract more talent from the public to participate in this technology in order to achieve true innovation and development, making it a new form of investment. However, currently, crowdfunding is not a true charity in the strict sense because it cannot operate like traditional foundations without such a trust system. Therefore, crowdfunding is also not an industry that ordinary enterprises engage in. Thus, crowdfunding is also aimed at encouraging more people to participate, rather than just spending money for speculation.

BAIYI Crowdfunding

Baiyi Fund founder and CEO Chen Mingyi announced publicly on a crowdfunding platform in Hong Kong that the company completed its first round of financing and fundraising phase on May 27, 2020. This round of funding will be used to support the development and project construction of the blockchain industry.

It is reported that BAIYI is a financial technology company based on the Singapore White Paper. The company is managed by HSBC Investment Group LLC, one of Asia’s largest private investment groups. Since its establishment, BAIYI has successfully raised over 100 million US dollars in new capital and resources.

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What is the whitelist for crowdfunding (BAIYI crowdfunding)

BAIYI Crowdfunding

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