⇝ RI ⇜ Fundaria: the revolution in funding | CTS

[Fundaria]

This is the old and not actual thread! Please do not use it for translation!
New ANN thread is at the https://bitcointalk.org/index.php?topic=2170192.0

CTS - Continuous Token Sale

In contrast to traditional crowdfunding Fundaria intends to provide service for developing of any business related idea from the scratch, from the "first thought", helping gather community around an idea, invite people to the future project development team, giving opportunity for idea initiator to issue Ethereum tokens for attracting investments and provide maximum convenient business development tools to help an idea to grow in sucessful business.

This is the scheme of idea development part


This picture summarizes business development tools to be provided during the first phase of Fundaria development


This is presentation of idea development part

Detailed description of Fundaria project (commenting is available)

Intentions & Policy Document

Some business development tools are already implemented. This allowed to create datailed planning of the first phase of Fundaria dev. You can see this on the main page of Fundaria project https://fundaria.com (click/touch and move to scroll the area). Currency unit used for costs is US dollar.

Here is "Fundaria Development Diaries: Part 1" video with some exploring of current developed tools.

Why to invest in Fundaria?
✔ Fundaria is the only one project which unites idea development & business development
✔ Most aspects of the first phase of Fundaria development well thought out and planned
✔ We have strong development beginning
✔ All distrubutions of funds and majority of development processes will be visible to stakeholders
✔ Fundaria should greatly increase evolution of Ethereum and tokens idea
✔ Fundaria would help people with interesting ideas but with lack of time and no business experience to have a chance of the ideas realization

Investing in Fundaria Development
Investing in Fundaria development occurs when RI token is purchased using FundariaTokenBuy Ethereum contract buy() function. Simply call function buy() with some amount of ETH on address 0xacce8e31616e608d001afdd63aa764f589666879 . Please do not send ETH to this address without calling buy() function - it doesn't accept it. If you do not have local synced Ethereum network node I created article of how to invest in Fundaria using Metamask+Remix which you can read here.
There are two main variables are defined in related FundariaToken contract to proceed buying process:
course - current course of RI to ether is 100 RI per 1 ether (100:1)
supplyLimit - current limit of tokens available to supply is 2'000'000 (2mln)

Explanation
I decided not to use standard token supplying scheme. The main difference to usual ICO can be expressed in the phrase "supplying on demand with total supply limit". This scheme is best fit to the Fundaria development and investment intention: "supply tokens no more then development costs planned".
Important note: every second purchased RI token is auto distributed to Fundaria creator address, so totally 50% of all tokens will be owned for further distribution to development team according to efforts contribution into development and other parametres to determine the reason and quantity of these tokens teammate should recieve in addition to the wage and money bonuses.
The end timestamp of the first development phase is August/22/2018 14:00:53 (1534946453).
The costs planned for the first phase of Fundaria development are 223'700 USD.  According to current USD/ETH course ($231.55/ETH) this approximately rounded as 1000 ETH. As to Bonus Refund program during the "bonus period 1" (till July/20/2017 08:40:53) 90% of ether invested are refunded and stored in FundariaBonusFund contract. So only 10% of ether for bought RI tokens will be distributed to Fundaria Pool address for development at this bonus period. According to these conditions totaly 10'000 ETH are needed to be invested to accomplish first development phase investment goal. This equals to 1'000'000 RI and including RI for dev. team the supplyLimit varaible defined at the moment when this text is written is 2'000'000.
At the begining of "bonus period 2" (there will be totally 9 bonus periods with decreasing investment bonus refund shares) supplyLimit variable will be restated and decreased (because at the next bonus period bonus refund share will be decreased 90% -> 80% and Fundaria Pool share increased accordingly).

Bonus Refund Scheme
According to this scheme early investors will recieve more RI tokens for the same amount of money (up to X10). When tokens are purchased the ether amount of transaction is devided in two parts, one transfered to Fundaria Pool for development, second transfered to FundariaBonusFund contract to be stored for further withdrawing or investment purposes by purchased tokens owner.

The Bonus Refund share shedule is:

From	To	Bonus Refund
--	July/20/2017 08:40:53	90%
July/20/2017 08:40:53	September/08/2017 03:20:53	80%
September/08/2017 03:20:53	October/27/2017 22:00:53	70%
October/27/2017 22:00:53	December/16/2017 16:40:53	60%
December/16/2017 16:40:53	February/04/2018 11:20:53	50%
February/04/2018 11:20:53	March/26/2018 06:00:53	40%
March/26/2018 06:00:53	May/15/2018 00:40:53	30%
May/15/2018 00:40:53	July/03/2018 19:20:53	20%
July/03/2018 19:20:53	August/22/2018 14:00:53	10%

Bonus Refunds will be stored in Ethereum contract for each appropriate RI token owner. "FundariaBonusFund" contract is at the address 0x042a277368cb43a70b06361e7ab7d1d0a2096b0e
Bonus ether refunded to tokens owner can be observed on Etherscan.io on the field ownedBonus
These bonus wei can be used in two ways:
+ they can be withdrawn after the first phase of Fundaria development (after August/22/2018 14:00:53)
+ they can be transfered to Investor Account (which will be created) and used for buying tokens of Fundaria based companies before the end of the first phase of Fundaria development AND they can be withdrawn from Investor Account after the first phase of Fundaria development.
This condition according to which Bonus Refunds can be transfered to Investor Account can be fulfilled if Fundaria development team will finish first development phase earlier then in planned terms. This condition creates strong motivation to complete usable beta-version of Fundaria much earlier before August/22/2018 14:00:53 because part of bonus ether could be distributed to Fundaria based projects (companies) and this gives life to Fundaria based companies development. And at the same time early investors recieve really great advantage.

Fundaria Token RI Serving Contracts
I created 3 Ethereum solidity contracts for dealing with Fundaria Token RI:

1. The "root" contract for RI storing and transfering. Expanded ERC: Token standard contract named "FundariaToken" which stores tokens ownership information and have functions for tokens supplying and transfering. The contract source for reading and commenting on google docs and the contract data on Etherscan.io page.
Ethereum address: 0x0cfae4866c11cf6194d787cf76d479e28a7cc577
There are some standard functions as transfer, transferFrom, approve and standard variables as totalSupply. Along with them are created special function supplyTo and variables supplyLimit, course for token purchasing purposes. In addition there are some supporting functions such as weiForToken and tokenForWei.

2. The contract named "FundariaTokenBuy" to purchase RI tokens by calling buy() function. Google docs & Etherscan.io page. See detailed information of how to buy RI tokens above.
Address: 0xacce8e31616e608d001afdd63aa764f589666879

3. "FundariaBonusFund" contract for storing of ETH bonus refunded. Google docs link & Etherscan.io page
Address: 0x042a277368cb43a70b06361e7ab7d1d0a2096b0e

Roadmap


Don't forget that on fundaria.com you can observe planned funds, projects & task, costs & times. This page will be opened to all during the first phase of Fundaria development (and opened forever to investors), so stakeholders can see how Fundaria is developing and monitor most of dev. related processes reflected in these bisiness development tools.

Slack
On fundaria.com there is also chat which I created in 2008 year with easy 'no email confirmation' registration and even with private chats (the chat located in the bottom left corner of the screen).
Twitter is still in "alfa mode" because logo is not created yet.

As to the logo located on this page - this is *ONLY* for using on bitcointalk logo because I did not ask permission to space ship graphics authors to use their creations on that picture. Only one of them - tfaddy mentioned about free using. I created special "Contributions For Graphics Used in Logo" fund to pay for these ships "rents". That was a great dilemma, use or not this "logo" and finally I came up to conclusion that because I do not use these ships graphics for their direct appointment - for games, authors will not be angry especially considering planned contributions for them. This "logo" is very precisely reflects Fundaria structure as something which gathers great ideas which these space ships are symbolizing.

The team

[topbitcoin]

Roadmap




The team

Reserved

[Fundaria]

Some questions & answers

Q: How course is difined?
A: During development phase 1 course defined as 1 ETH : 100 RI . When Fundaria Pool will receive desirable funds (to cover planned costs) - no more RI will be able to supply. Investors can use approve() function of FundariaToken contract to allow exchangers to sell their RI on market. And this cause to defining market course of RI. So when Fundaria will need supply more RI for new planned costs this market course will be used to define course of supplying.

Q: 50% of total Token supply in hands of the developer is quite large. What will happen to it?
Are you able to provide a approximate distribution or plan for those tokens so that we can understand 'how' this 50% will be released, used or who will own it?
A: Team-tokens (50%) will be used to distribute dividends between teammates and everyone involved in developing of Fundaria. This distribution will be visible to stakeholders (investors and teammates). This distribution supposed to be occured according to several factors:
+ 'Contribution to development index' based on deep analysis of company statistical data (this should be open-source evolving algorithm with the regular addition of new founded data relations to this algorithm). The amount of direct benefit received in form of salaries and bonuses as a indicator will be used to balance situations for overvalues and undervalued teammates to receive less and more dividends accordingly.
+ 'Mutual evaluation index' based on mutual estimation of teammates on each other on various criteria (with voting to prioritization of such criteria influence)
This should be another Ethereum contract created (and linked to EthereumToken 'root' contract) with inputs of these indexes and outputs of transactions of dividends (in ether) to addresses related.
So as to this rules team-tokens will not be distributed in usual way by changing their balanceOf addresses and always keep the same address in the FundariaToken, but indexes for deividends distributions can be changed of course.

Q: With the recent successful ICO of Aragon (ANT) and maybe other similar platforms. Can you clarify how maybe Fundaria is similar, how it's different and how it will be better?
A: The trending advantage of Aragon its focusing on fully decentralized network, whereas Fundaria intents to use Ethereum contracts for main financial aspects: investing in companies & raising funds, companies business transactions, while for other goals using traditional methods. At least this accepted on the development phase 1.
In my opinion Fundaria intents to act in an more effective and transparent way.
Fundaria turning $223700 to detailed planned functional beta version showing to public appropriate business processes in medium term.
Aragon turning more X100 amount of funds to their no clearly defined goals not showing business processes to public.
Investor with the same amount invested would receive more share of Fundaria assets and rights then with the same amount in Aragon (if we accept that both Companies has the same 'assets & rights' policy).
Aragon has no idea-development part. I cann't go to Aragon with idea hoping to turn it to business from scratch like I'll do it in Fundaria.
Aragon functionality is well explained, core and based on Ethereum contracts. Fundaria functionality is moderately explained, intenting to include all aspects of business development based not only on contracts. Focusing on contracts opportunities is revolution way, but is not enough to embrace most part of company's business processes.
As to accounting. Aragon representatives says "Accounting is fully built in, and we will eventually provide connections to third party
visualization services, in order not to reinvent the wheel". Fundaria is intent to develop 'customizable accounting' with ability to create custom datashits and forms based on custom formulas to be gently integrating in any jurisdiction (this availability will be realized in alpha form during development phase 1). And sharing of such custom tamplates for each hosted companies is logical feature of course.
Aragon sets most of the concentration to relations between network parties, while fundaria concentrates mostly to providing service for company's inner development.

[mrongoz22]

need information bounty

[leero9]

wow this has some of the shittiest graphics ever.

i mean why not right, just throw an idea together, write a couple paragraphs of words, and host an ICO!!

because every project needs to be funded before any product is built! 

[erikalui]

Reserving Hindi translation if needed.

[kawasaki5050]

PM if you need Japanese translation.

[Fundaria]

wow this has some of the shittiest graphics ever.

i mean why not right, just throw an idea together, write a couple paragraphs of words, and host an ICO!!

because every project needs to be funded before any product is built! 

I know that the "logo" not traditionally minimalistic. The main purpose of "logo" to show sence of the project. I do not think that the best strategy is to create traditionally minimalistic "title logo" which perceived easy but quickly forgotten among dozens similar graphics from other projects. I would like to create something unusual and put up maximum meaning in it. I think, as a "temporary bitcointalk-only logo" it not bad at all.

As about a tip that "every project needs to be funded before any product is built" - of course you right. Moreover Fundaria itself is the project which based on this idea at all :-)

Anyway thanks for your attention.

[Texto]

i need some of this coin.. they seems to have an objective

[Fundaria]

i need some of this coin.. they seems to have an objective

If you want to get RI tokens just use this contract https://etherscan.io/address/0xacce8e31616e608d001afdd63aa764f589666879#code by calling its buy() function with sending some ether to it.

If you don't have ETH or local synced Ethereum network node - this article for you How to buy Fundaria Token without syncing to Ethereum network

You can watch your tokens on this page https://etherscan.io/address/0x0cfae4866c11cf6194d787cf76d479e28a7cc577#readContract

[truimpheriues]

iam not understand why must create 3 token
i think is very dificult added to exchanger and same holder coin/investor confuse

[mekar sari]

Reserve indonesia translate

[XCNP]

Alex Ayaho and Voktor Melifaro are machines or human. These logo looking weird but this concept is looking interesting would like to give try to this project as it has plan for long term.

[Fundaria]

iam not understand why must create 3 token
i think is very dificult added to exchanger and same holder coin/investor confuse

Sorry if the explaination forced to think you that these are 3 tokens, not one. There are 3 Ethereum contracts, not tokens.
1-st for RI storing with initial functions to transfer and supply. This is a "root" contract where token owner can see how many tokens are supplied already, what current supplying course of token, how many tokens are owned. "transfer", and "transferFrom" are standard ERC20 functions which allows Dapps to parse this contract and show tokens in wallets. These functions are well described on http://ethereum.org/token page.
2-nd for RI buying. Anyone can call buy() function on this contract at the time sending some ETH.
3-d for Bonus Refund Program. This is a special contract to store bonus ether for refunding. This contract created for early token buyer advantage. For example if you will buy 1000 RI now for 10 ETH, 9 of these ETH will be transfered to FundariaBonusFund contract and will be stored there for this token buyer future needs.

I would correct text to reduce some misunderstanding. Thank you for the advice.

[Fundaria]

Alex Ayaho and Voktor Melifaro are machines or human. These logo looking weird but this concept is looking interesting would like to give try to this project as it has plan for long term.

We are humans but when is time to work is coming we are turning to machines :-) I have been preparing this project for developing many years, gradually drawing up a detailed picture in mind and reinforcing the intention to implement it to life.

[MisO69]

So we have ironman and guile as devs. Okay.. well lets see where this goes.

[Fundaria]

How bonus refund is working?

For every 1 ETH invested in Fundaria 0.9 ETH are distributed to Bonus Fund. This bonus ETH will be availabe for withdrawing by their owner later or for investing to Fundaria based companies. This means that during this bonus period every Fundaria Token holder receive 10X more tokens for the same price or in other words gets a discount of 90%. The only condition - refunded ETH owner should wait when beta-version of Fundaria will be developed to take control on their refunded ETH. Or after August/22/2018
14:00:53 - when all bonus refunds will be available for withdrawing (till that moment they will be safelly are keeping on Bonus Funds and no one can withdraw theme from there).

[Fundaria]

Can I expect that we can debate not only on graphics used in announce but about the project itself and its prospects? Maybe this is the next 'big thing', what do you think? Should people always be crowdfunding backers, but not investors of the projects?

[miramare]

The pictures for team are damned good. I love them.

You got my trust.

Shut up! and take my money.

[Fundaria]

The pictures for team are damned good. I love them.

You got my trust.

Shut up! and take my money.

Glad to hear this! Thank you for confidence.