FairEco
The Crowdfunding platform built on Blockchain technology.
With the idea of Transparency as no centralized wallet in the platform, with veto vote for Backers as the Investment Assurance and project management platform for Makers to ensure the Continuity of the project.
The platform for Makers raising fund and the safe place for Backers contributing to the community confidentially and delivering the impact together.
With the idea of Transparency as no centralized wallet in the platform, with veto vote for Backers as the Investment Assurance and project management platform for Makers to ensure the Continuity of the project.
The platform for Makers raising fund and the safe place for Backers contributing to the community confidentially and delivering the impact together.
Features
FairEco is a crowdfunding
platform leveraging the blockchain technology is designed and
engineered to be a platform for makers with innovative ideas to offer
their products and services and also provide an appropriate margin for
backers to support the project at the reasonable amount of the
investment. FairEco also enables backers who support the project to have
an opportunity to confirm with the maker for their executions of the
project that they have invested from the start until the project
complete. Contract in FairEco is solely for Backer and Maker, not any
intermediary. FairEco platform protects Backer fund and reduces any
financial and project execution risk to the acceptable level. The FECO
token will be used for transactions in FairEco ecosystem.
About FairEco
Introducing a safe and fair Crowndfunding on Earth, FairEco platform, a Crowdfunding platform built on Blockchain technology.
With the idea of Transparency as no centralized wallet in the platform, with veto vote for Backers as the Investment Assurance and project management platform for Makers to ensure the Continuity of the project.
The powerful platform for Makers raising fund and unleasing true potential and the safe place for Backers contributing to the community confidentially and delivering the impact together.
With the idea of Transparency as no centralized wallet in the platform, with veto vote for Backers as the Investment Assurance and project management platform for Makers to ensure the Continuity of the project.
The powerful platform for Makers raising fund and unleasing true potential and the safe place for Backers contributing to the community confidentially and delivering the impact together.
What is FairEco Platform ?
FairEco platform, a Crowdfunding platform leveraging the Blockchain
technology is designed and engineered to be the fair platform for Makers
with innovative ideas to offer their products and services and also provide
an appropriate margin for Backers to support the project at the reasonable
amount of the investment. The platform also enables Backers who support
the project to have an opportunity to confirm with the Maker for their
executions of the project that they have invested from the start until project
complete.
FairEco platform is designed to ensure that it is fair for EVERYONE who
truly believe in Crowdfunding.
technology is designed and engineered to be the fair platform for Makers
with innovative ideas to offer their products and services and also provide
an appropriate margin for Backers to support the project at the reasonable
amount of the investment. The platform also enables Backers who support
the project to have an opportunity to confirm with the Maker for their
executions of the project that they have invested from the start until project
complete.
FairEco platform is designed to ensure that it is fair for EVERYONE who
truly believe in Crowdfunding.
The Challenge
1. No control over project execution
Fundraising via Crowdfunding is a way to raise the fund from Backers who
are interested and confident in good projects, in project that aim to solve
and effect the society in positive way or impress with commitment of the
Makers. In return, Backers would receive good products or services, along
with Backers would get the chance to be the first group to use the products
or services, which quite often these first group of users create
acknowledgement to wide range of society.
Crowdfunding statistic of year 2012–2015 found that number of projects were increasing in every year. From statistic on 8 June 2018 found that there are over $3,720,870,063 pledged to fundraising via Kickstarter platform and there are over 145,091 projects successfully funded.
are interested and confident in good projects, in project that aim to solve
and effect the society in positive way or impress with commitment of the
Makers. In return, Backers would receive good products or services, along
with Backers would get the chance to be the first group to use the products
or services, which quite often these first group of users create
acknowledgement to wide range of society.
Crowdfunding statistic of year 2012–2015 found that number of projects were increasing in every year. From statistic on 8 June 2018 found that there are over $3,720,870,063 pledged to fundraising via Kickstarter platform and there are over 145,091 projects successfully funded.
2. All or Nothing
With Crowdfunding fundraising, Backers are able to participate in any
projects they like or believe in and decide to support Makers freely. Fund will
be raised through the platform designed to facilitate both Backers and
Makers to transfer fund from Backers to Makers. Makers are responsible to
provide attractive project proposal including the innovative solution, sound
execution plan, the deliverable items, tangible products or services, team or
group of people working for the projects, and also creditable investor or
shareholders in order to ensure that they can deliver according to the plan.
projects they like or believe in and decide to support Makers freely. Fund will
be raised through the platform designed to facilitate both Backers and
Makers to transfer fund from Backers to Makers. Makers are responsible to
provide attractive project proposal including the innovative solution, sound
execution plan, the deliverable items, tangible products or services, team or
group of people working for the projects, and also creditable investor or
shareholders in order to ensure that they can deliver according to the plan.
However, the platform NEVER assure whether Backers will receive products
or services. Simply put this way, if Backers have invested in any projects, all
their fund after platform fee applied would be transferred to Makers and it
is solely the right of Makers to manage fund return to Backers in case they
decide to terminate the projects or unable to continue the execution
according to the plan. For example, fundraising for innovative iPad was
decided to terminate the project and it appeared that there is no money
return to Backers.
or services. Simply put this way, if Backers have invested in any projects, all
their fund after platform fee applied would be transferred to Makers and it
is solely the right of Makers to manage fund return to Backers in case they
decide to terminate the projects or unable to continue the execution
according to the plan. For example, fundraising for innovative iPad was
decided to terminate the project and it appeared that there is no money
return to Backers.
Our Approach
Because of above issues, FairEco has fundraising platform for Crowdfunding
on Blockchain technology that aim to mitigate project execution risk as well
as financial risk with no central wallet maintained, periodic project payment,
and veto vote supporting for Backers.
on Blockchain technology that aim to mitigate project execution risk as well
as financial risk with no central wallet maintained, periodic project payment,
and veto vote supporting for Backers.
1. Fair Contract
Contract of the projects in FairEco platform is a contract only for Backers
and Makers. The platform has NONE of wallet that store money for any
related parties.
and Makers. The platform has NONE of wallet that store money for any
related parties.
2. Project Payment
FairEco platform is the Crowdfunding developed on Blockchain technology
and designed to govern the payment policies for any projects created under
the platform. Payment cycles, duration of each payment cycle and approval
period for the payment are the set of payment policies that support in the
platform. This help mitigating the risk in losing investment money for
Backers that pay through Platform to Makers.
and designed to govern the payment policies for any projects created under
the platform. Payment cycles, duration of each payment cycle and approval
period for the payment are the set of payment policies that support in the
platform. This help mitigating the risk in losing investment money for
Backers that pay through Platform to Makers.
3. Veto Vote
FairEco Platform is able to define payment policy within the projects and
utilize such policies as a tool in reducing risk of Backers. Backers could vote
to stop paying investment fund to project, if that projects indicate that they
cannot operate as plan, delay in delivery, or likely to terminate the projects.
utilize such policies as a tool in reducing risk of Backers. Backers could vote
to stop paying investment fund to project, if that projects indicate that they
cannot operate as plan, delay in delivery, or likely to terminate the projects.
Crowdsale
| ICO token supply | 39,000,000 |
|---|---|
| Soft cap | 10,000 ETH |
| ICO Platform | 3 |
|---|
| Ticker | FECO |
|---|---|
| Type | Utility-token |
| Additional Token Emission | No |
| Accepted Currencies | ETH |
| Token distribution | 65% - Token Sales 20% - Reward and Bounty 7.5% - FECO Team andFounders 7.5% - Contributors andAdvisors |
| Funds allocation | 50% - SoftwareDevelopment 30% - Market Development 20% - Operation Overhead |
Roadmap
-
[2018] Quarter 3 – Quarter 4 : FairEco Platform Proof of Concept
-
The FairEco platform proof of concept has been developed including but not limited to Maker and backer main functions, request withdrawal and consensus veto to abort the wire transfer. Security, performance and quality assurance processes are conducted intensively.
-
[2019] Quarter 1 – Quarter 2 : FairEco Platform Final Review
-
Invitation of system testing has been released iteratively. The FairEco platform features have been added and developed continuously based on feedback from the testing.
-
[2019] Quarter 3 – Quarter 4 : FairEco Platform for Maker and Backer
-
Announcement of fully functional FairEco platform for the community. Backer’s wallet can be utilized to support Maker’s projects. Funding of project can be aborted based on backer’s veto. We want to create the fair crowdfunding for everyone.
Team
Verified 80%
Attention. There is a risk that unverified members are not actually members of the teamChief Digital Information Officer
author:
BTT username: rivaldo2020
BTT profile link: https://bitcointalk.org/index.php?action=profile;u=2051385
0x320f6344D4BE878C96e77AD580e2EE132C4BF6F8
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