> For the complete documentation index, see [llms.txt](https://paragon-7.gitbook.io/paragon/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://paragon-7.gitbook.io/paragon/welcome-to-paragon/paragon-open.md). # PARAGON Open
Securing funding remains a major challenge for crypto projects. In 2023, 60% of projects shut down due to liquidity shortages (cryptoNews), exposing flaws in early-stage models that prioritized VCs over broader, sustainable growth. Despite evolving fundraising methods, new challenges continue to emerge. #### ICO (Initial Coin Offering) * **Goal:** Democratize investment and streamline fundraising. * **Issues:** High scam rates (\~80% failure or fraud rate), regulatory uncertainty, and investor protection gaps. #### IEO (Initial Exchange Offering) * **Goal:** Increase credibility through exchange due diligence. * **Issues:** High listing costs, continued centralization, and information asymmetry. #### Venture Capital (VC) Model * **Goal:** Provide large early-stage funding and strategic support. * **Issues:** Limited access for retail investors, VC-driven market distortions, and value misalignment. #### Pump.fun * **Goal:** Simplify token creation and enable trend-based launches. * **Issues:** High volatility, rampant speculation, low project longevity, and investor risk. ## Introducing Paragon Open Paragon Open is designed to offer a new, sustainable funding paradigm for Web3 by addressing the shortcomings of previous models. Our approach is based on the following principles: * **Curated Promising Projects:** We partner with leading VCs and Web3 players to rigorously vet early-stage projects, enhancing investor confidence. * **Innovative Funding Models:** Introducing mechanisms like asset staking and shared reward systems to promote deeper community involvement and early project support. Paragon Open is committed to creating a transparent, equitable, and growth-driven ecosystem — empowering both projects and investors while setting new standards for the Web3 industry. We invite you to be part of Paragon’s journey toward a more sustainable future.