http://smartfund.info/img/logo.pngSmartFund
Smart Contract Enabled CrowdFundinghttp://smartfund.infoCheck Out Our GitHubFollow UsJoin Our SlackWith the recent release of hundreds if not thousands of ICOs for projects that are either actually trying
to raise money or are just looking for a quick buck, we saw the need for a platform like SmartFund.
SmartFund is here to help reduce the overwhelming amount of ICOs and help create a platform
for developers to reach users without risking violating the recent SEC ruling categorizing tokens
as securities.
Check out our website to see our vision and the benefits that Smart Contract enabled crowdfunding
could provide the community. Our GitHub Repository will include the first version of our Smart Contract
enabled crowdfunding and will be utilized to help raise money for this project as well as to prove
that Smart Contracts can enable mutually beneficial crowdfunding for both users and creators.
SmartFund would start by enabling Smart Contract crowdfunding but its eventual goal would be to
be a platform that facilitates Equity CrowdFunding made possible under the JOBS Act.
Below is our WhitePaper copied from the website for you to read over. It is also available to download
in PDF format on our website. We welcome any criticism, compliments, or comments and hope you can
see the potential in this project.
IntroductionSmartFund is a revolutionary crowdfunding platform with Smart Contract enabled features.
SmartFund allows users to create a project to present the community and then create a simple
Smart Contract to protect backers. Smart Contracts allow for automated, open source software
based protection for donors in the case that the goal is not met within the time limit of the
contract. Each project that goes up for funding is required to have at least one smart contract
that is generated by SmartFund Contract Creator (or approved) and can be
viewed by users to verify it's legitimacy. This sets to reduce the number of “ICOs” that are
currently flooding the Cryptocurrency marketplace and that have been defined as securities by
the United States Security Exchange Commission as of July 28th 2017. Instead of each project
producing it’s own token, SmartFund will replace the need for that and allow for an online
platform with the same features that a crowdsale of a token would have without the legal issues
that such a token sale would create. This benefits not only those who are looking to fund a
promising project but also the entire ecosystem of users by creating a space where these can
be proposed and create peace of mind for both developers and users alike who see a future in
Blockchain Technology based projects. However, SmartFund does not stop there. Smart
Contracts have the power to revolutionize every aspect of crowdfunding today and lower donor
risk while effectively lowering the bar for smaller projects to thrive in this automated
environment.
Mission StatementSmartFund's mission is to create a mutually beneficial platform for developers and users to
further the scope of Blockchain Technology and beyond in an ever increasingly complex
ecosystem.
GoalsDisrupt the way we all think about crowdfunding by introducing groundbreaking technology in
unique ways to allow for a platform with more transparency, Project Team accountability, and
ultimately more opportunities for entrepreneurial, artistic, and technical creation of all forms.
StructureSmartFund is a Benefit Corporation and will exist indefinitely with the exception of an event that
prohibits SmartFund from staying true to its Mission Statement or unable to realistically continue
operating activities. SmartFund intends to start off with a small group of volunteers until more
funding is earned and milestones are met. We will expand accordingly to when the milestones
are met as outlined in the 2017 Road Map and Goals.
TeamSmartFund is founded by a small group of students from Missouri University of Science and
Technology. The idea came in response as a solution to the risky and now quasi legal “ICOs”
that caught the cryptocurrency community by storm the past few months. We aim to create a
platform for trusted crowdfunding with transparent oversight, honest and legitimate projects, and
the implementation of Ethereum Smart Contracts to protect all parties involved in a campaign.
SmartFund is in its infancy but everyone within is incredibly motivated to change and protect the
future of Blockchain Technology. We are made up of entrepreneurial spirited engineering
students with vast arrays of talent. We are looking for volunteers who would like to get involved
in any way they can help. Anything you can bring to the table puts us in a better position to
create a successful platform together. At the time of writing this, we have a team consisting of
less than four members and we are looking for more! If you would like to be apart of this
exciting venture then please contact us and tell us why you want to get involved! Passion is the
most important quality to ask for but please also include previous relevant experience (resume if
you wish), your motivation for seeking opportunities with us, and a short introduction paragraph
telling us about YOU! If interested please contact
devteam@smartfund.info and include a
relevant subject line to grab our attention!
How it worksSmartFund’s foundation is based upon Ethereum Smart Contracts and will always be open
source. SmartFund is creating an opportunity for a more efficient crowdfunding system that is
going to immensely benefit users, donors, and teams in ways that we can only begin to imagine
today. This allows for donors to have a guarantee that they are not simply risking their funding
to a project that may never get more than a quarter of the proposed goal or simply ditch the
project once they receive their goal in a lump sum. If a project does not meet its goal within the
set timeframe, all funds will be transferred back to the owners automatically thanks to the use of
Smart Contracts. The implementation of Smart Contracts also allows for teams to raise funds
much more slowly to allow for much more organic and healthy growth. This option to receive
funding as milestones are reached creates limited risk to any donors and can help motivate
Project Teams to work towards their idea or proposal. This model of requiring results from
projects in order to continue seeing funding creates an ecosystem of higher quality projects and
more motivated from teams that are in the progress of receiving funding. This will help deter
dishonest teams and motivate legitimate projects to continue working and developing their idea
and bring value to the global marketplace. The problem with traditional crowdfunding is after a
project is funded, a team may lose motivation to follow through with their promises, leaving
donors angry and confused. This creates doubt and risk for potential donors of any project.
SmartFund aims to drastically reduce and/or eliminate the frequency of such risks with Smart
Contracts.
SmartFund will be the trusted location and online platform to display ongoing projects along with
each project’s Smart Contract. Each project must display the source to their Smart Contract
and an easy to understand explanation for unique features within Contracts. Project teams will
develop a proposal or WhitePaper (if necessary), descriptions of the project and need/use of
funds, include pictures, videos, and anything else they want to put on display in support of their
project. SmartFund will not allow projects to be eligible if they are obvious jokes or trolls. The
approval of projects is important to prevent users from being scammed and instill trust in the
SmartFund platform. More details can be found in the SmartFund Terms and Conditions and
Team Resources. For those interested in the technical details, please see our GitHub.
DevelopmentSmartFund has all of its source code on GitHub and future projects will be posted there. This
includes a basic crowdfund Smart Contract and explanation of how it works. A SmartFund
Contract Creator is set to be developed and will be completed according to SmartFund’s RoadMap and Goals.
The goal of using milestone based crowdfunding to create a
crowdfunding platform is to highlight the benefits of a slower, more organic, and motivational
method to push more projects off the ground and into reality and/or the marketplace!
SmartFund Road Map and GoalsTo view our full Road Map in extreme and ever changing detail, please refer to our website. The Road Map and Goals page on our website will outline detail how the
platform will undergo development from here on out. Please to learn more, do not hesitate to
learn more about this innovative crowdfunding platform.
Future Possibilities With the success of SmartFund there will be research into how to further the function of the platform. SmartFund
would prefer to become a platform not just for crowdfunding but for
Equity CrowdFunding. Equity CrowdFunding would
be revolutionary for the platform and help attract users. Equity CrowdFunding was made possible under the JOBS Act which
went into effect in May of 2016.
Sources of FundingFor SmartFund to become a reality with an impact on society and the future development of
Blockchain based Technologies
and beyond , initial funding will be required. We are asking for
donations in Ethereum and Bitcoin at the moment. Soon we will accept donations through
PayPal as well for those who prefer to use Debit/Credit Card. We would like to thank those who
can contribute. Please see the SmartFund Road Map and Goals page to see progress and
milestones. We plan to use Smart Contracts in our own crowdfunding using the framework we
have explained here to prove its legitimacy and advantages! The Smart Contracts we used for
our funding raising period will be available on GitHub, feel free to review them. Please review
our Terms Of Donations on our legal page before contributing as well. Crowdfunding will begin
on August 6th, 2017 and will continue until the project is completed.
SummarySmartFund is determined to be the best crowdfunding platform available by enabling the use of
Smart Contracts to protect users and incentivize developers to continue projects until
completion. This has potential to be a rewarding system for every party involved and can only
be limited by the human imagination.
ContactFor more information that is not listed within this document or on our website, please email
devteam@smartfund.info 
