The problem Raisecoin solves

RaiseCoin addresses the major challenge of raising funds for projects on a global scale. Traditionally, project creators face numerous obstacles, including geographical boundaries, regulatory restrictions, and limited access to global investors. These barriers can significantly hinder the ability of projects to secure the necessary funding, limiting their potential for growth and success.

Geographical Barriers: Many projects are restricted to raising funds within their local regions due to varying regulations and lack of access to international investors. This limitation reduces the pool of potential investors and the amount of capital that can be raised.

Trust Issues: When seeking funding from international investors, trust becomes a significant concern. Potential backers may hesitate to invest in projects that are miles away due to fears of fraud and lack of transparency.

High Transaction Costs: Traditional fundraising methods often involve high transaction costs and lengthy processing times, making it less efficient and more expensive to secure funds from global investors.

Lack of Transparency: Traditional funding mechanisms often lack transparency, leading to mistrust between project creators and investors. Investors want assurance that their funds are being used appropriately and that the project's progress is as stated.

Currency Exchange Issues: Dealing with multiple currencies and exchange rates can complicate the fundraising process, leading to potential losses due to fluctuating exchange rates and additional conversion fees.

Challenges I ran into

While developing RaiseCoin, one challenge we encountered was ensuring the security of transactions across different regions with varying regulations. Each region has its own set of rules and compliance requirements, which made it difficult to create a universal platform. To overcome this, we implemented a robust compliance framework that adapts to regional regulations while maintaining the integrity and security of the platform.