Taking inspiration from the best features of Kickstarter and Groupon is the Beacon, an online crowdfunding and sales platform for raising funds with Bitcoin. By going about crowdfunding in this way, Beacon is able to bypass some of the fees that come with the mandatory use of services like Amazon Payments and PayPal for the purpose of accepting donations.
This platform being launched out of Beijing is designed to strip away some of the complications that come with raising funds for a new project. This is also reflected in the design of the website, which is made to be as extremely user-friendly as possible. Risk of failing to meet the desired funds on Beacon yields almost no risk, since users are only required to pay a 0.0001 BTC (about the equivalent of $0.03 US) transaction fee for use.
Crypocurrency Crowdfunding Sites
The Beacon is Like Kickstarter for Raising Funds with Bitcoin
Trend Themes
1. Cryptocurrency Crowdfunding - Disruptive innovation opportunity: Explore new ways to raise funds using cryptocurrencies, bypassing the fees associated with traditional payment services.
2. Online Crowdfunding - Disruptive innovation opportunity: Create user-friendly platforms that simplify the fundraising process and minimize the risk of failing to meet funding goals.
3. Bitcoin Payments - Disruptive innovation opportunity: Develop innovative solutions for accepting Bitcoin payments, enabling seamless transactions for crowdfunding and sales platforms.
Industry Implications
1. Financial Technology (fintech) - Disruptive innovation opportunity: Integrate cryptocurrencies into existing financial technology systems to enable secure and efficient crowdfunding.
2. E-commerce - Disruptive innovation opportunity: Incorporate Bitcoin as a payment option in e-commerce platforms, expanding the range of payment methods available to users.
3. Startups and Entrepreneurship - Disruptive innovation opportunity: Support the growth of innovative startups by providing them with alternative fundraising options through cryptocurrency crowdfunding.