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Echo, a new platform for private funding rounds, has gained attention for its innovative approach to early-stage financing in the cryptocurrency sector. Last week, MegaEth successfully raised $10 million through Echo, marking the platform's highest investment volume week to date. In the past month, Echo facilitated 37 deals involving over 3,500 investors. The platform is seen as a significant advancement over traditional Initial Coin Offerings (ICOs), providing easier access for both founders and investors. Advocates highlight that Echo aligns more closely with community-focused principles, allowing angel investors to participate without upfront costs, while also enabling early-stage investors to acquire tokens at a lower entry point.
Last week, MegaEth raised $10M on Echo, a platform where groups of investors can participate in private funding rounds. This was Echo's biggest week by investment volume. In the past month, there have been 37 deals funded on Echo by more than 3,500 participating investors.… https://t.co/izKP4spUma
Amazing stuff about @megaeth_labs deal on @echodotxyz is that they give you a small allocation of $3.7k because you clicked fast and you instantly wanna learn more about what they are building, feel grateful to them and want the project to succeed. Looks way more EV+ than… https://t.co/6Zj1bg76Nu
yk @echodotxyz may be one of the best things to happen for crypto long-term we're finally moving towards a more open / ethos-aligned system of early stage financing ICOs were just too out there for young startups
