AngelBlock announces its startup Grant program and platform launch

AngelBlock is a platform dedicated to bringing together vetted, notable crypto and FinTech startups with savvy investors. The goal is to allow frictionless flow of funding and support from investors to new ventures in the crypto, blockchain and FinTech space with a focus on early stage investments, in a fully on-chain and decentralized manner. The team is preparing to launch the fundraising platform in Q4 later this year, and they want to support three promising startups with a 90,000 USDT grant program. Scholarship winners will not only receive 30,000 USDT each, but will also be listed on the fundraising platform and have access to the AngelBlock core team for guidance.

AngelBlock’s fundraising approach

Grants applications will open on August 31 and close on September 30, 2022. The review process will take approximately one week, and winners will be announced the week of October 10, 2022. The team will consider startups that want to conduct a token sale, that are ready to raise money, and who are willing to raise USDT, USDC and/or DAI on Ethereum.

Alex Strzesniewski, CEO of AngelBlock, said:

“We saw this crypto winter as an opportunity to not only help some promising startups, but also as a great way to showcase our unique solution to what we believe is one of the biggest blocks in this space.”

There were many reasons to create AngelBlock. Most importantly, the team saw an obvious need to address the friction points of crypto fundraising. Post-raise holdings are not well decentralized, there is a lack of transparency and investor protection, not enough emphasis on holding startups accountable for their milestones, and the obvious problem of VCs dumping on retail even though both parties participated in the same round. In short, AngelBlock wants to generate equal value for investors, startups and their communities within the digital asset ecosystem.

COO, Max Torres, added:

“The easiest way to describe AngelBlock would be to call it a DeFi protocol focused on fixing the problems of fundraising in the space. Our solution works exclusively on smart contracts and adds much-needed transparency and decentralization to the fundraising process. Investors can vote on startup milestones and track everything on the chain, which means steering out of the box from day 1 – that’s really cool.”

The team has been building throughout 2021 and 2022 after launching the AngelBlock NFTs in Q2 2022 – which will unlock benefits on the platform. The launch of v1.0 of the AngelBlock protocol and platform is planned for October 2022, followed by the $THOL Token Generation Event in the same month.