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.
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.
|“||April 2017 : Concept &material development, backend coding
June 2017 : First hires
July 2017: Pre-ICO on Jul 10, backend alpha on GitHub
August 2017 : Legal incorporation, front-end development
September 2017 : MVP development, partnerships, Korean expansion
October 2017 : MVP release. Alpha version of crowdfunding site
January 2018 : ICO dates announced, hard capped at $13 mil.
February 2018 : SAFT Round
Q1 2018 : RootProject Pilot City expansion
March 2018 : RootProject full crowdfunding app completed
April 2018 : Public ICO
Q2 2018 : Worker's app completed
July 2018 : Post-Pilot City expansion (15+ cities)
Q2 2019 : Full national expansion
Q3 2019 : Non-US national pilot
Q1 2020 onward : Full non-US expansion
|Dr. Nicholas Adams Judge||Co-founder & CEO||https://twitter.com/nickadamsjudge||3.8|
|Dr. Ashley Hooper||Advisor||7.6|
|Anton Kraminkin||Development Director||https://www.linkedin.com/in/anton-kraminkin-b21181b3/||5.8|
|Zac Filan||Principal Software Engineer||3.8|
|Alex Bazhanau||Principal Ethereum Engineer||6.8|
|Mark Streeter||Head of investor outreach||3.8|
|David Richey||Director of communications||3.8|
|Dr. Stuart Koman||Advisor||7.6|
|Jason Koman||Chief of staff||3.8|
|Chanmi Kim||Country manager- Korea||3.8|
|Thomas Graham||Constellation Labs||https://www.linkedin.com/in/tomgtgraham/||Advisors||21.26|
|Garret Macdonald||Energy Web Foundation||Advisors||3.8|
|Christopher Heymann||Daily Ride||Advisors||12|
|Dr. Ashley Hooper||Keystone Strategy||Advisors||7.6|
|Dr. Stuart Koman||Walden Behavioral Care||Advisors||7.6|
|Henry Minden||Constellation Labs||Advisors||3.8|
|Charles Huang||Viral Philanthropy Inc.||Advisors||6.8|
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