SPRINTX- A place for Startups
Starting a startup & working on it is a tough job. Thinking about starting the startup the first thing which pop-up in our mind is about the investment & financial issues, this thought alone gives us the cold feet. Stating a startup isn't an easy job when there are in the market are the big brands which are ready to sweep out the small brands or startup. The most difficult job is funding for startup and why should an investor believe in those company which doesn't carry any past records of profit, all they do have is a world-class plan. The most difficult job for any person with startup plan is how to demonstrate that their ideas are unique, out of the box and their talents can be combined to create actual solutions to real-world issues, and it can improve people's lives?
That is how the SPRINTX was born. Sprintx is a platform for the blooming startup. The platform wants to provide the support to startup which lacks in the current financial system. The platform wants to form a bridge to connect the real and virtual world so that the business can accelerate by using the technology tools which are required for a startup to launch their own ICO & they can achieve their goals. To ensure the success of launch ICO, the startup should be provided by the way to convert their fund raised by crypto to fiat. The newly created token should be enlisted in the exchange & should be made available for trading which will give it a value as soon as possible & make it accessible to other investors too.
The services are divided into 2; one is the ICO that is sprintx & other is for crypt that is switchX.
The SprintX which is ICO platform is partnered unitedly with SwitchX, a multifunctional Exchange in combination with Fundacion NOVA supporting Entrepreneurs with funding and guidance to create their own Startups.
Exchange System
Currently obtaining the cryptocurrencies like bitcoin or Ethereum is done by an existing exchange system. Exchange of the cryptocurrency is done be a dedicated website, which converts the crypto directly or indirectly to the fiat currency.
Using the bitcoin reduce the transaction costs which are usually way too high in the real world whereas using the blockchain the transaction cost is really low. The blockchain offers the security & transparency to the system.
The platform is having their own token called SwitchX, which is an ERC 20 coin. It will have the general characteristic of a conventional & easy exchange, however, it will have a flat rate for the purchase, transfer & sale of the cryptocurrencies which will be 0.25% which is the least charge laced in the entire market & this offer will attract major of eyes.
For the first phase of operation of the exchange, the platform has planned to cover the BTC, ETH, LTC, BCH, DOGE and SPTX over a mother account that will manage the exchange & in which the income of the user will be deposited.
Debit Card Facility
The platform is bringing a new idea of using the debit card on the platform. SwitchX will have a debit card which can be used at any store that store can use the digital currency or fiat as a form of payment. In this form, the users can convert their fiat currency into cryptocurrency & can directly use them with the help of card. That will even expel the usage of any 3rd party invasion in transfers.
Conclusion
The platform has one of the amusing ideas & is bias towards the young generation who is the newbie to the world of entrepreneurship. The platform will guide them. The biggest problem for the startup is about the investment which has been sorted by the platform by binding the blockchain & making an ICO for the startup, which will bring major eyes toward the startup.
More information on the project ( SPRINTX ) please visit their website listed below:-
WEBSITE: https://sprintx.io/
WHITEPAPER: https://sprintx.io/docs/whitepaper-sprintx-en.pdf
TELEGRAM: https://t.me/sprintXICO
FACEBOOK: https://www.facebook.com/pg/icosprintX/about/
TWITTER: https://twitter.com/ICOsprintx
Author: Dulaj Dilshan
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