Announce how does the Fund program of Fundition work. With the help of Steemit Inc., Fundition can fund projects in Steem Tokens, with the aim to make the world a better place, and impact on the daily life of many people.
A Strong Verification Process
One of the common-questions that Crowdfunding market ends up with is how to prevent the scammers, and guarantee that the Founder will really use the funds for his projects. This can be achieved with oracles (which can permit to verify the identity) in the future, and we couldn’t wait that to start to fund projects. So to try preventing this we will have a verification process of the Founder, which will be made in blockchain.
Linking Social Media
Founders will have from now an extra step in their verification process to ensure that the person behind a project is real by linking their Social Media account (Facebook or Google), we will verify the identities to know more about the founders.
Talented Auditors
Thinking about how to have the best Verification Process, we had also to think about who can handle that new role. And we came up with creating a new team called the “Auditors of Fundition”. Auditors team at the moment is formed by;
Two well-educated psychologues. They will confirm the profile of a Founder and check if it fits to the Fundition Fund Program by giving a review about their personality and their projects.
Unfortunately, Founder who can’t be confirmed because X or Y reason will not be able to benefit from the Fundition Fund Program. While confirming the identity of a Founder we also need to look in details at their history of transactions and Steem profile. This will be made by the other two auditors that are Steem Experts.
We will keep our voting power if there is no beneficiaries of our fund program.
Auditors are not Curators
To avoid any spam and unfair behavior, our Auditors are not curating content directly, they can only defend the projects and give some argue in a final form for an objective review. An unknown curator will take the final decision to upvote an update, with its own process and some objective criteria based on the average score given by Auditors.
https://fundition.io/#!/fundprogram
