‘‘FundYourselfNow is a unique crowdfunding platform that aims to reinvent the crowdfunding industry, using the latest technology in blockchain ecosystem and digital currencies.''
Recent years, there have been many digital currencies ‘‘Initial Coin Offering (ICO)''. which made investor withdrew their trust in the system. This has resulted in poor investor's satisfaction and negative trust on several projects, even the ones with good prospects.
FYN administrators are the enthusiasts, aiming to make digital currency crowdfunding more favorable to the populace (investors). The platform has promised to process ICO and make its creation friendlier. Which would give non-technical project creators no other option than request funding for their projects. Thereby making them go through quality control and assessment for a sound project offering.
HOW FUNDYOURSELFNOW IS DIFFERENT
In traditional crowdfunding, the sponsors have minimum control over the project as the money is distributed among the project creators at the end of the ICO. FYN proposed to introduce a project based funding system, using bitcoin and ETH smart contracts. The smart contract will be built to create a system where users will express themselves by reacting against any shortcoming.
Many crowdfunding projects have failed, reason been the lack of expatriates involvement. FYN platform will permit project creators to locate project help from the community for their established ideas/projects. Project supporters will be awarded Bounty shares, which are exchangeable for Project Tokens.
‘‘Traditional crowdfunding platforms suffer from exorbitant transaction charges fees.
UNIQUENESS OF FUNDYOURSELFNOW
The system has a supportive computing circuit, for project initiators to share information on their projects. Prospective investors will be able to read superficially through projects and sieve them by their position and project type. The platform will also engage in the authorization of project, as well as identity verification if need be.
‘'FundYourselfNow'' platform will permit project shareholders to source for project assistance from our very own family of expatriate with specialized skills.
Project shareholders can enlist their intention and source for assistance from the community. Assistance can be in the form of promotional support, professional guidance, or even getting the community to rate and provide feedback on the idea. Helpers will be rewarded with Bounty Shares, which are exchangeable for Project Tokens that are created during the project crowdfunding phase.
The project has made it easy for token holders to store their assets in a safe wallet that accommodate ERC20 tokens. The project accepts investment from Ethereum and subsequently Bitcoin. To ensure the safety of transactions, the project will work with big players in the digital asset exchange (shapeshift and coin base). For easy conversion of assets to hard cash.
PROJECT PROPOSED PLAN
According to the whitepaper, the project has a vivid roadmap that would help investors to know the processes of the project, and have a forehand view of the future.
=> Idea Creation June 2016
=> Alpha Prototype Development Nov 2016
=> Website Launch Feb 2017
=> ICO June-July 2017
=> FYN Launch Q1 2018
The project is characterized by several milestones which have been viewed and endorsed by professionals, to meet the required quality with full satisfaction of investors and inventors.
FUND DISTRIBUTION
According to the whitepaper, the following are the area in which fund raised from FYN would be distributed:
- Research & Development (25%)
- Marketing and Business Development (50%)
- Operations & Legal (25%)
BENEFITS OF FYN TOKEN
FYN has planned for it token holders to enjoy the full benefit of FYN token. Beyond these, are professionally programmed rewards for all FYN investors. And tackle the error in purchasing of digital assets, thereby reconciling token holders!
For More Information on FundYourselfNow, visit https://www.fundyourselfnow.com/
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