 | RootProject (ROOTS)ICO This project battles people in extreme poverty with a crowdfunding platform for non-profit projects which employs the workers platform. These platforms use ROOTS token in their service fee models and bonus reward programs. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenTechnical details
ROOTS is an ERC20 token using Ethereum smart contracts to implement the “medium-term pension” funds. Will be integrated with decentralized exchanges, such as Bancor. In the future, possible integration with Bitcoin RSK
What is RootProject
LABORLESS CROWDFUNDING. A new crowdfunding model creates supply and demand for community projects. Project initiators dont need to complete the project or know anything about cryptocurrencies. Donors get tax deductions. Socially visible projects enhance reputations.
CRYPTOCURRENCY. A portion of a projects crowdfunded proceeds go to token purchases, driving currency demand. The rest goes to material, one supervisors wages, and wages for those stuck in poverty to complete the project. The currencys 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 days earnings is deposited into a medium-term pension fund-like entity - further reducing liquid token supply and aligning the interests of investors and societys most vulnerable.
DetailsPre-sales: Jul 09, 2017 - Jul 27, 2017Public sales: Apr 10, 2018 - Apr 13, 2018 Raised: 158,774 USD LegalBlockchain Platform: Ethereum | Token infoTicker: ROOTSType: Utility-token Token standard: ERC-20 Token price in USD: 1 Token = 0.011200 USD Accepted currencies: ETH, USD Token distribution: Post-ICO Schedule - 34% ICO Distribution - 20% Contingency Fund - 20% Employees - 10% Project initiators - 5% Research Fund - 5% Unaffiliated Developers Incentive - 5% Bounty Campain - 0.4% |
RootProject Roadmap
Concept &material development, backend coding
First hires
Pre-ICO on Jul 10, backend alpha on GitHub
Legal incorporation, front-end development
MVP development, partnerships, Korean expansion
MVP release. Alpha version of crowdfunding site
ICO dates announced, hard capped at $13 mil.
SAFT Round
RootProject Pilot City expansion
RootProject full crowdfunding app completed
Public ICO
Worker's app completed
Post-Pilot City expansion (15+ cities)
Full national expansion
Non-US national pilot
Full non-US expansion
Project team
Advisors
Social media
