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Monday, February 19, 2018

Crypto funded court cases!? Interview with TrialToken on their vision to empower plaintiffs...

Last week we introduced our readers to TrialToken (link) the new ICO that's combing cryptocurrency, crowd funding, and the court room.

This week we spoke to Patrick Dunn, who runs business development for the project to learn more.

- What was your inspiration to start the project? What gave you the idea
?

We noticed a lot of people couldn’t get the funding they really needed when they were wronged and we wanted to create a platform that anyone could use to seek the justice they deserve.

- There's two ends to the TrialToken platform, the person who is seeking damages and wanting to take their case to court, and the investors.  Let's look at TrialToken from both viewpoints.

The investors get a rate of return chosen by the plaintiff if the case is won and all our cases are vetted by a board to make sure they are winnable.

- So first - someone who believes they have a case and wants to pursue legal ramifications, but knows they can't afford a lawyer upfront.  They will go to your website, then what?

Yes and will post there case. In order to post a case they buy trial tokens from the initial holders and 5 and 10 cents.

- Now let's look at the investors viewpoint, they login to your website, then how will cases looking for funding be presented to them? What information will they have to base their investment decisions on?

All of the legal information and a video of the plaintiff seeking the funding.

- After an investor decides to contribute to funding a case, what comes next? Do they see how funds are being spent? Are they kept updated on the case?

They can log in and are constantly updated on the case. The site is already built.

- What kind of returns would the investor be looking at? Percentage of winnings? If so - is that a standard percentage or can this be customized on a case by case basis? 

Yes percentage of winnings.

- When does the ICO begin, and what does the post-ICO roadmap look like?

PreSale is now at 5 cents and public sale is targeted for March 12 you can see our countdown at www.trialtoken.io

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Author: Ross Davis
San Francisco News Desk

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