Cofound.it is a decentralized platform that connects startups, experts and investors worldwide. The platform seeks to be a hub where projects can be easily kickstarted and the best projects are selected, helped with expert coaches, given promotional funds and showcased to the investor community. The CFI token powers the interactions on the platform.
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The CFI token powers the interactions on the Cofound.it platform. Cofound.it operates like a consulting company. Cofound.it coaches projects, help defne the legal elements, prepare for the crowdsales, assist with the PR and launch them using Cofound.it initial platform. However, this phase has a defnite goal in mind: to defne and test the optimal crowdsale process, defne the parts that can be supported in code and defne the parts that must be accomplished by experts.
Once the crowdsale process has been defned, the elements that can be supported in code, like project application, content defnition and base project valuation, will be implemented. For each element that has to be performed by the experts a roadmap to crowdsource will be developed. Once the full Cofound.it platform is up and running, experts will be able to offer their services right there on the platform, which will match them with the selected teams based on the needs of the teams and the experts’ track records.
A distributed global platform that directly connects projects with supporters while enabling experts worldwide to provide necessary support to teams.
Cofound.it held a presale in which raised $14.8 million (56565 ETH) for 25% of the total token supply, and led to the actual ICO being cancelled. Cofound.it offered pre-sale access exclusively to some supporters via its Priority Pass mechanism. The token distribution is as follows:
Token Reserve Split (75%):
The Cofound.it presale sold out, which means no additional ICO was hosted. The presale had no bonuses, discounts, or escrow and the CFI token is not be mineable.