[Crypto Currency] Root Project (ROOT) - Nonprofit Social Contribution Platform
Crwod Funding. It is another way of raising capital for venture companies that have no money, open the project to the Internet, and set the target amount and fundraising period to invest in an anonymous majority (Crwod).
The world's first crowdfunding site was launched in January 2008 by the Indigo Govt. The most famous crowdfund is the US kick starter launched in April 2009. There are about 10 companies in Korea including Kroudi, Wadies, Good Funding, MakeStar, Money Auction, Story Funding, Open Trades, Ucanstart, Tumblebuck, Pop Funding and Funding 21 in Korea. Is operating.
We are joining with the addition of a category called donation-focused happy frequency sympathy funding. The Root Project is also a new crowdfunding model that receives funding from tokens based on block chains.
The root project has a mission to generalize the nonprofit sector by matching the interests of its owners with nonprofit programs. When the person or organization that created the project reaches the target amount, it will connect the needed personnel to the project either on the root project itself or on a connected partner.
Root Project is divided into two platforms, Crwodfunding Platform and Worker Platform. The Crowdfunding Platform is a common fundraising activity. This step can be done on mobile applications and websites. 85% is included as a donation, 3% for card fees, 2% for administrative fees, and 10% for tokens on the exchange.
The Worker Platform will work with nonprofit organizations in the region that are working on the project to save labor costs. Once the work is completed, the workers are signed with the manager and sent to the worker's phone within an hour. The minimum wage will be paid according to the country or market situation and is based on USD. 50% of these are paid out over a period of months, not a lump sum, after the token is placed in the form of a pension.
This form is very different from the previous business type of business, so we have a social and public interest purpose rather than a business model, so we can get tax deduction. The purpose of Root itself was also designed to work with nonprofit organizations.
The demand for tokens is largely divided into three parts: 10% of the funds raised by the Crowdfunding Fee used in the tokens in the market, The Pension fund contribution paid to workers by the pension fund, Large deals with institutional donors used for.
Unlike traditional commercial purposes, the ecosystem that moves with tokens has a slightly different form, the Root Project.
Once you have the same role as a commission. Consumption and supply are directly linked by purchasing tokens in the market with crowdfunding fees. You will also be able to keep your ROOT token within the scope of your operating costs, while still being able to reimburse your own commissions and be more cost-competitive.
It can also be used as a reserve, with capital under the influence of the Root Project, or as a pension, the Root Project. It is also possible to use it for the purpose of large-scale fund raising by the influence of the real monetary amount. This is the case when you attract corporate donations.
As the size of the projects promoted by nonprofit foundations grows, the Root Project may have an impact as a means of payment. It can be used as a practical route through partnerships, or as a share of compensation for the members of various nonprofit projects using the Root Project.
We hope that this Interest Group Alignment will be different from the previous one. This means that it is an opportunity to build a new system for groups with different policy positions or preferences.
The Alpha version is available, and the Alpha version shows the project being piloted in the Root Project.
We are working on a project to deliver digital devices to the poor and a project to deliver bicycles to poor children.
The Root Project wants social good. If the ROOT token of the Root Project declines to appreciate, I think that it has a strong defensive structure and market attractiveness due to the good will of the people, because the environment of the stratum of the support level is threatened.
In addition, we believe that the ROOT of the rich and the poor will receive a chain effect, which is beneficial to the political group that represents the interests of the respective classes, and that it will also serve as a favor for the Root Project.
Roadmap.
In April 2017, we conducted basic concepts and development.
In June 2017, we began hiring people from the Root Project.
In July 2017, I uploaded GitHub and conducted Pre-ICO.
In August 2017, we completed legal analysis and full-scale.
We developed MVP in September 2017 and expanded our partnership in Korea.
Released MVP in October 2017
In January 2018 we will announce the progress of the ICO.
February 2018, SAFT Round
In April 2018, we will be conducting Public ICO.
We are expanding globally in the second quarter of 2018.
I am a member of the Root Project team.
Linkedin I did not have any code, so I made it based on the content of the site.
Co-Founder Chris Place has a degree in industrial design and was at the Ycombiantor, a high-speed Seed accelerator in Silicon Valley.
Co-founder Dr. Judge worked as a Big Data Programmer in Revolution Analytics. Revolution Analytics is a statistical software company that develops open and open-source versions of free and open source software. In 2009, it was invested by Intel and was acquired by Microsoft in 2015.
Anton Kraminkin is a Development Director. As a Belarusian, he received a BA in economics from the UK, a consultant to Ferment Trading House, Lead Cashier of McDonald Belarus, and a large financial consulting group that was part of a consultant group of Oliver Wyman. I was in charge of Rokect ICO Advisor, and I think he designed the development concept of the Root Project.
Alex Bazhanau participated in the development of the Hyperledger application at IBM and participated in the DAPP to develop a computerized voting system. Adform and Itransition engineer.
Tom Graham, co-founder of Codec.AI, an artificial intelligence marketing company, also participated in Quantstomp's Token Sale.
Chris Miess, CFO of TenX, worked in London Goldman Sachs M & A. I also participated in projects such as ICON and GIFTO.
Dr. Ashley Hooper is a senior economist at Keystone Strategy. Keystone Strategy is a consulting firm providing ideas solutions for strategy, economy, product development, intellectual property and antitrust.
Garrett MacDonald ran a Crypto Currency mining company called Cognitive.
The Root Project is a project based on human goodwill. The intention made is also based on good will.
The problematic aspect of nonprofit projects is revenue. It was always a matter of cost because of dependence on sponsorship, which affected the resident or subsidy, and the Root Project was created to solve this problem.
Funding Platform for the role of contribution, Worker Platform for actual project activity, and Large deals with institutional donors for the value of Root Project.
Developers and advisors seem to be lacking in looking at prices and investing. Instead, members of the Root Project are made up of people who are sensitive to development and price formation. There is a positive element of whether or not to make an economic impact if the development is going on and when it is introduced in the case of career analysis.
However, we still need to see if it can be applied in order to actually operate as a donation. There are projects in progress in the beta, but personally I think that the project that goes with Steering in Boating is still stronger.
Whether or not we will be able to support large groups of funds, such as corporations, is key, and the tax benefits that they gain from the actual sponsorship of the Root Project are also crucial.
Since Crypto Currency differs from country to country in terms of rules and regulations, it seems necessary to think about the countries that will benefit from tax purposes.
The Korean site is very good. The white paper is also written in Korean, so it is easy to learn, and Kakao Talk is activated. However, there are countries where it is not possible to participate in the ICO, but I feel strongly marketing to the Korean side.
Root Project: https://www.rootproject.co/en/
Cocoa cake: https://open.kakao.com/o/gld727D
Telegram: https://t.me/Rootproject
Medium: https://medium.com/@nickadamsjudge
Facebook: https://www.facebook.com/rootprojectco/
Twitter: https://twitter.com/RootProjectCo
I have analyzed based on white paper and published information. Since there may be information that can not be verified, it is recommended that individuals conduct further analysis and proceed with their investment at their own discretion.
I do not encourage individuals to invest, they share information only for reference.