May 03, 2022 - 3 min read
SupraOracles is pleased to announce a partnership with milestoneBased, unique milestone management, and accountability platform. milestoneBased is a cutting-edge startup financing solution that uses smart contracts and a Decentralized Autonomous Organization (DAO) to make money management more effective, flexible, consistent, and safe for both investors and startups. The goal of milestoneBased is to build a world where distributed networks drive the next generation of startup development, improving business and society.
With milestoneBased, the assurance provided by trustless smart contract escrow strengthens fundraising pitches for startups. Early investors are more likely to develop closer to a project and remain active in the long run because they have faith in the project’s vision, can influence choices, and recognize where they can give value and offer guidance. In addition, by separating invested funds into multiple stages, milestoneBased decreases risk for investors. If a startup fails early on, the funds allocated to later-stage milestones can be securely returned, minimizing possible losses.
milestoneBased selected SupraOracles because our solution is easy to integrate, scalable, and produces speedy results. In addition, SupraOracles already protects DeFi protocols worth billions of dollars in smart contract value, assuring high security and availability even in the face of disasters.
Ian Arden, CEO, and Co-founder of milestoneBased, commented:
“Using the power of a blockchain DAO and smart contracts, we’re revolutionizing milestone collaboration between investors and startups. With SupraOracle’s scalable and reliable oracle toolsets, our team at milestoneBased believe this cooperation will assist us in achieving our objectives.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“We like offering milestoneBased with services that will aid in their further development of new solutions. We hope that this automated smart contract solution successfully forges a positive relationship between entrepreneurs and investors.”
SupraOracles is dedicated to linking the web3 environment and traditional capital markets. Our aim and ambition are to provide a new Oracle toolset to the modern developer community so that they can efficiently construct, manage, and deploy data applications with top-notch performance, agility, and robustness.
Our novel initiative is aided by skilled people with extensive knowledge of randomness research, consensus methods, investment banking, real-time data-driven services, traditional stock exchanges, digital securities, DeFi, DLT, Blockchain, and big 4 consultancy.
With the aid of our highly supportive developer community and a growing number of relevant partners, we are devoted to solving the general Oracle challenge as well as the future of the finance sector.
milestoneBased is on a mission to revolutionize cooperation on roadmaps and funding between crypto investors and start-ups to repair a legacy system of capital inefficiencies. They are the first firm to use blockchain DAO and smart contract escrow capabilities in an automated governance and milestone management platform. As a result, VCs and early-stage investors obtain more capital and process efficiency, enhanced security, transparency, and data-driven insights for a speedier path to liquidity and monetization of deployed funds.
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