A new crowdfunding model creates supply and demand for community projects. Project initiators don't need to complete the project or know anything about cryptocurrencies. Donors get tax deductions. Socially visible projects enhance reputations.Cryptocurrency
|Price||1 USD = 88.5 ROOTS|
|ICO Start Date||10 Apr 2018|
|ICO End Date||13 Apr 2018|
RootProject is a decentralized ecosystem for nonprofits. RootProject harnesses crowdfunding and cryptocurrency for the social good, while offering token purchasers a cryptocurrency with built-in growth and social capital.
A new crowdfunding model creates supply and demand for community projects. Project initiators don’t need to complete the project or know anything about cryptocurrencies. Donors get tax deductions. Socially visible projects enhance reputations.
A portion of a project’s crowdfunded proceeds go to token purchases, driving currency demand. The rest goes to material, one supervisor’s wages, and wages for those stuck in poverty to complete the project. The currency’s supply is hard capped, so each project reduces liquid token supply.
‘PENSION’ FUND AND INTEREST ALIGNMENT
In addition to hourly wages, paid in USD, cryptocurrency worth half of the day’s earnings is deposited into a medium-term pension fund-like entity - further reducing liquid token supply and aligning the interests of investors and society’s most vulnerable.
Concept & material development, backend coding
Pre-ICO on Jul 10, backend alpha on GitHub
Legal incorporation, front-end development
ICO on Sep 5
Coins tradable on exchanges, pilot projects
Expansion in States + Worldwide
|Price in ICO||1 USD = 88.5 ROOTS|
|Tokens for Sale||2350000000|
|Distributed in ICO||18.5%|
|Hard cap||13000000 USD|