RootProject logo

RootProject (ROOTS)

Status
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.

RootProject White Paper Whitepaper

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Interest lvl
NA
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User Rating
Medium
3/5 1 votes
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Ticker
ROOTS
Type
Utility-token
Token standard
ERC-20

What is RootProject

LABORLESS CROWDFUNDING. 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.

CRYPTOCURRENCY. 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.

RootProject Roadmap

1
April 2017

Concept &material development, backend coding

2
June 2017

First hires

3
July 2017

Pre-ICO on Jul 10, backend alpha on GitHub

4
August 2017

Legal incorporation, front-end development

5
September 2017

MVP development, partnerships, Korean expansion

6
October 2017

MVP release. Alpha version of crowdfunding site

7
January 2018

ICO dates announced, hard capped at $13 mil.

8
February 2018

SAFT Round

9
Q1 2018

RootProject Pilot City expansion

10
March 2018

RootProject full crowdfunding app completed

11
April 2018

Public ICO

12
Q2 2018

Worker's app completed

13
July 2018

Post-Pilot City expansion (15+ cities)

14
Q2 2019

Full national expansion

15
Q3 2019

Non-US national pilot

16
Q1 2020 onward

Full non-US expansion

Token Sale Dates

Presale Period

Start date: Jul 09, 2017
End date: Jul 27, 2017

ICO

Start date: Apr 10, 2018
End date: Apr 13, 2018

Funding Details

Funds Raised (as of now) 158,774 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%

Token Price and Payment Options

Token price USD 1 Token = 0.011200 USD
Accepted Currencies ETH, USD

Project team

Chris Place
Chris Place
Co-founder
Dr. Nicholas Adams Judge
Dr. Nicholas Adams Judge
Co-founder & CEO
Dr. Nicholas Adams Judge x-team
Dr. Ashley Hooper
Dr. Ashley Hooper
Advisor
Anton Kraminkin
Anton Kraminkin
Development Director
Anton Kraminkin linkedin-team
Zac Filan
Zac Filan
Principal Software Engineer
Alex Bazhanau
Alex Bazhanau
Principal Ethereum Engineer
Mark Streeter
Mark Streeter
Head of investor outreach
David Richey
David Richey
Director of communications
Dr. Stuart Koman
Dr. Stuart Koman
Advisor
Jason Koman
Jason Koman
Chief of staff
Chanmi Kim
Chanmi Kim
Country manager- KoreaAdvisors
Sonny Kwon
Sonny Kwon
TokenPost
Thomas Graham
Thomas Graham
Constellation Labs
Thomas Graham linkedin-team
Chris Miess
Chris Miess
ICONIc
Garret Macdonald
Garret Macdonald
Energy Web Foundation
Christopher Heymann
Christopher Heymann
Daily Ride
Alex Yamashita
Alex Yamashita
TLDr
Dr. Ashley Hooper
Dr. Ashley Hooper
Keystone Strategy
Dr. Stuart Koman
Dr. Stuart Koman
Walden Behavioral Care
Henry Minden
Henry Minden
Constellation Labs
Charles Huang
Charles Huang
Viral Philanthropy Inc.

Advisors

Sonny Kwon
Sonny Kwon
TokenPost
Thomas Graham
Thomas Graham
Constellation Labs
Thomas Graham linkedin-team
Chris Miess
Chris Miess
ICONIc
Garret Macdonald
Garret Macdonald
Energy Web Foundation
Christopher Heymann
Christopher Heymann
Daily Ride
Alex Yamashita
Alex Yamashita
TLDr
Dr. Ashley Hooper
Dr. Ashley Hooper
Keystone Strategy
Dr. Stuart Koman
Dr. Stuart Koman
Walden Behavioral Care
Henry Minden
Henry Minden
Constellation Labs
Charles Huang
Charles Huang
Viral Philanthropy Inc.

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