SeedOn, a blockchain-based crowdfunding platform, unveils several key new features to its wallet, SeedOn Finance, ahead of the upcoming launch of its equity crowdfunding platform. SeedOn Finance is in the process of transitioning into a fully functional launchpad capable of supporting flexible or locked staking, vesting, and a non-custodial wallet application to provide users with complete control over their crypto.
In the wake of the FTX, Celsius, and other centralized exchange (CEX) crashes, investors are seeking secure ways to grow their crypto investments through which they control their private keys, and have flexibility over what they want to do with their crypto. With so many retail investors already losing their life savings in failed CeFi ventures, the demand for more decentralized finance (DeFi) services is expected to explode.
SeedOn’s development of its non-custodial SeedOn Finance wallet enriches the platform’s ecosystem by enabling users to control their own private keys, and therefore their crypto. Users will have the opportunity to connect their SeedOn hot wallets to SeedOn Finance to purchase crypto with fiat money, with the funds being directly transferred to the non-custodial wallet. SeedOn Finance supports staking and vesting without having to make a deposit or withdrawal from the web app. Wallet users will also have the ability to swap tokens without making a deposit.
SeedOn’s platform makes equity crowdfunding safer for investors and entrepreneurs alike by leveraging the transparency provided by blockchain technology. The platform releases the raised funds in stages based on the achievement of specific milestones, returning remaining funds if a project falls short of any milestone. Projects looking to raise money on SeedOn undergo a three-step verification procedure before they are approved. The native SEON token is the currency powering SeedOn’s entire ecosystem.
“Whether an institutional or retail investor, everyone is beyond frustrated with the lack of accountability plaguing the crypto industry right now,” says Constantin-Claudiu Minea, Co-Founder and CEO of SeedOn. “By converting SeedOn’s wallet, SeedOn Finance, into a non-custodial wallet, users will be able to manage their own private keys, bringing peace of mind to investors in a time where it is desperately needed. SeedOn aims to not only make equity crowdfunding transparent, but also to make staking and other DeFi activities more secure and accessible.”
