Charities across the globe are only beginning to leverage the Blockchain technology to enhance their performance. Meanwhile, RootProject, one of the first society helpful start-ups, is developing its platform that provides unsheltered people an opportunity to find a job and get out from poverty.
It becomes possible through a decentralized platform, where everyone can contribute to community helpful crowdfunding projects announced by people or organizations. Indigents will be able to become employed and earn the salary in fiat money as well as the part of these funds will be transferred to individual pension-like fund on the basis of RootProject. After some years of participation in projects, poor people can withdraw money from their “pension” funds. It will be enough to finally get out from poverty.
RootProject pre-Sale
RootProject is in its pre-ICO stage, which will last for about 50 days, until November 14, 2017. Saying that RootProject has reached its soft cap means diminishing their real progress. Pre-ICO achieved 512% of its initial goal. This proves that people trust RootProject and its model brings value to the world community.
The MVP
Recently, RootProject has launched the MVP, which was scheduled to deliver within 45 days after the end of the ICO. They managed to make early progress so that everyone can view the demo version of RootProject, contribute to the projects and leave overall feedback about the platform.
“Today, we’re very proud to introduce the alpha version of the RootProject crowdfunding platform”, said Dr. Nicholas Adams Judge, the co-founder of RootProject. – “We put a lot of work into the design of the platform. Your feedback would help us build a better platform”.
RootProject links the demand for community crowdfunding and open market financial resources to help homeless teenagers, provide technologies to people below poverty that will encourage them to find jobs. Due to the model above and their early launch of MVP, RootProject will be considered to be the first token-issuing organization, which ensures purchase of its own tokens on the open market after its ICO. This will happen with the help of funds, which are allocated to a formalized link between the asset and the real-world organizational activity.
Partnering with US national nonprofits
RootProject is expanding its network of charity organizations and nonprofits. Recently, RootProject has established partnerships with Cocoon House, Cycle Kids and Tech Goes Home, which are well-known organizations across the US.
Dr. Nicholas Adams Judge stated: “We’re partnering with long-established nonprofits that have decades of experience in maximizing donor funds. We’re honored that they have chosen to partner with RootProject as pilot crowdfunding projects”.
RootProject’s pilot projects in collaboration with mentioned charities will have a significant impact on lives of groups who are in need.
Cocoon House helps homeless teens in Washington State, with a focus on LGBT teens. Many minors have become homeless because their offensive and intolerant parents forced them to leave homes.
Cycle Kids is a national US nonprofit. They provide bikes to impoverished juveniles. Lack of transportation is a powerful obstacle to obtain education for those stuck in extreme poverty. Cycle Kids has proven experience in helping poor communities by the simple gift of a bicycle to promote health, education, and self-confidence.
Tech Goes Home is partnering with RootProject to give laptops and basic tech literacy to children in poverty. Its goal is to make Boston the first major city that is fully equipped with devices to allow access to the digital economy to every its citizen.
RootProject has already partnered with large nonprofit organizations. New partnerships will be announced in the nearest future.
What is coming next?
The MVP is a simple crowdfunding platform now, where organizations and people can publish projects after RootProject’s approval. After the ICO, it is planned to build out the on-the-ground organization and add to the MVP fully decentralized government and other features on the basis of ROOTS tokens. Establishing RootProject’s own on-the-ground organizations will take years. On the other hand, building out the academic boards of experts alone will take months and not years. That is why the team is partnering with existing nonprofits. Additionally, large philanthropic foundations and heads of internationally famous nonprofits have agreed to work with RootProject.
Token Purchases and Bonus Structure
Initially, pre-ICO was conducted in Ether but now you can use Bitcoin and fiat to purchase ROOTS, as well. You can do so by going to RootProject.co and clicking on the “Purchase Roots Tokens” campaign.
Contributions before October 14, 2017 will receive a 25% bonus.
Contributions after October 14, 2017 will receive a 10% bonus until the official ICO that is announced on November 14, 2017 and will last 3 days.
Token Design
Finally, after a lot of tweaks, RootProject delivered the final token design. “We wanted something that communicated the crypto token plus community and hope, while retaining the seriousness of the work on which we’re focused. We hope you like it!”, said Dr. Nicholas Adams Judge.