{"id":34698,"date":"2022-08-30T11:36:50","date_gmt":"2022-08-30T15:36:50","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=34698"},"modified":"2022-08-30T11:36:53","modified_gmt":"2022-08-30T15:36:53","slug":"flare-network-lena-instruments-partner-to-launch-crowdfunding-mechanism","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/flare-network-lena-instruments-partner-to-launch-crowdfunding-mechanism\/","title":{"rendered":"Flare Network, Lena Instruments partner to launch crowdfunding mechanism"},"content":{"rendered":"\n
Lena Instruments<\/a>, and Flare Network have partnered to build a crowdfunding system that reduces the risks involved in investing in startups and allows investors to allocate a portion of their rewards into funding startups.<\/h5>\n\n\n\n
\"Flare
Flare Network, Lena Instruments partner to launch crowdfunding mechanism<\/figcaption><\/figure>\n\n\n\n

Lena Instruments unveiled a “CloudFunding” launchpad that enables Flare network investors to invest a portion of their earned returns in fresh cryptocurrency businesses without relocating their starting capital.<\/p>\n\n\n\n

In addition to offering donors a low-risk investing option, the platform wants to ensure that projects that have been launched there have consistent cash flows during the times when rewards are distributed.<\/p>\n\n\n\n

The new system, in the opinion of Hugo Philion, CEO of Flare Network, is a smart way for developers to have early access to community funding<\/a>. He argued that this results in a situation where everyone benefits. He stated:<\/p>\n\n\n\n

\u201cNew projects get early access to community funding and support, and Flare token holders get the opportunity to join new exciting projects with zero risk to their principal.\u201d\u00a0<\/p><\/blockquote>\n\n\n\n

Decentralized exchange (DEX) Pangolin debuted on the Flare blockchain in July, generating new cross-chain token pairs and increasing the network's liquidity. Direct token swaps\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> are a feature that Flare-based decentralized apps (DApps) can add to their applications with the use of the DEX.<\/p>\n\n\n\n

Due to its built-in features, Web3 is known as an excellent tool to help content creators with their financial problems. Mehmet Erylmaz, the CEO of Faro Company, stated that Web3 is a wonderful alternative to traditional gatekeeping and frees content providers from it in a recent interview with Cointelegraph.<\/p>\n\n\n\n

Lena Instruments, a significant flare holder, will continue to support the initiative, according to executive Laura Moreby. Having been carefully selected by the platform, “CloudFunding is a modern, decentralized launchpad that will allow the community to support the finest potential initiatives inside the ecosystem,” Moreby stated.<\/p>\n","protected":false},"excerpt":{"rendered":"

Lena Instruments, and Flare Network have partnered to build a crowdfunding system that reduces the risks involved in investing in startups and allows investors to allocate a portion of their rewards into funding startups. Lena Instruments unveiled a “CloudFunding” launchpad that enables Flare network investors to invest a portion of their earned returns in fresh […]<\/p>\n","protected":false},"author":12,"featured_media":34700,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-34698","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/08\/image-245.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/34698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=34698"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/34698\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/34700"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=34698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=34698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=34698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}