Cofound.it, a platform for training promising blockchain startups, and Ethfinex, the community-focused ERC20 token exchange, and information hub spun out of Bitfinex, have today announced a collaboration aimed at strengthening trust between crowdsale supporters and blockchain startups.
The collaboration will see blockchain projects selected, evaluated, and coached via Cofound.it Priority Pass.
Tokens from Cofound.it project crowdsales will then be listed on the Ethfinex trading platform, providing greater liquidity to the assets and ensuring the validity of the projects. In addition, the collaboration will also let members of the Ethfinex community directly contribute to the presales of Cofound.it projects by utilizing Ethfinex’s token trading platform.
Ethfinex Project Lead Will Harborne said:
“Since Cofound.it works with only the highest quality, legally compliant projects, Ethfinex can offer our users the ability to contribute directly to the trusted projects they support, and subsequently, make the tokens immediately available for trading.”
“The due diligence required to uncover real quality in a space growing this fast is extremely difficult, and building these networks of trusted partners is one of the ways we will solve this problem. The other way is through the analysis and discussion section of Ethfinex, where our users can contribute to the continuous vetting of these projects.”
Cofound.it CEO and Co-Founder Jan Isakovic said:
“Crowdsale projects have already raised more than $2 billion USD from supporters this year. In this increasingly crowded market, the process of meticulously evaluating crowdsales is crucial to ensuring quality and trust in the overall ecosystem, making this collaboration incredibly valuable to the blockchain community.”
“While Cofound.it projects and supporters will benefit from the enhanced token liquidity, Ethfinex supporters can gain access to some of the most highly-vetted projects on the market.”
The first Cofound.it crowdsale project to be listed on Ethfinex will be Etherisc, a decentralized insurance, and reinsurance marketplace, with a number of other projects to follow.