FundCruThe blockchain-powered, commercialized fundraising platform Hi BitcoinTalk,
We're excited to announce FundCru, the blockchain-powered, "commercialized" fundraising platform. We are based in Silicon Valley (Santa Clara, California) and have been developing our smart contracts and core technologies since 2015.
Our team is highly experienced: our most notable members are the
co-founder and former CTO of Vormetric and the
former CEO of Make-A-Wish, an international non-profit organization.
We have much in store already and hope that with the funds raised through our ICO (starting on
December 5, 2017 at 13:00 UTC), we'll be able to revolutionize fundraising.
Below is a brief overview of FundCru.
Please visit our site for more information. We also encourage the community to read
our whitepaper for more details on our smart contract and system implementation as well as token utilities.
We appreciate any feedback and discussion and are happy to answer questions!
Best,
FundCru Team
FundCru is the blockchain-powered, “commercialized” fundraising platform that funds causes through eCommerce sales (comprising gift cards, vouchers, and coupons) and direct donations using both cryptocurrency and fiat money. FundCru is designed to address the problems that stem from inefficiencies in fundraising and customer loyalty programs.
FundCru stands at the crossroads of the multi-billion dollar fundraising and gift card industries. Currently, online and offline fundraising efforts still face significant limitations, including inefficient fundraising methods, high operational costs, and reliance on donations. FundCru aims to solve these issues by funding causes through merchant sales in addition to donations. Combined with a novel business model, FundCru connects merchants and cause-supporters through a common thread, fundraisers, and thereby improves customer loyalty.
On FundCru, supporters will be able support their favorite fundraising campaigns by either 1) purchasing from an onboarded merchant, 2) through direct donations, or 3) through "engagement" and promoting and sharing the campaign on social media. Transactions can be made using cryptocurrency or fiat money, depending on the merchant and/or fundraiser. If a supporter chooses to purchase from a merchant, he/she will then be able to select
any fundraiser on the platform for FundCru send funds to.
FundCru will not charge fundraisers any platform fees on any funds received.
FundCru will also provide fundraisers with additional revenue sources by funding them with a percentage of merchant sales (typically 25%).
For more information on our business model, please see our whitepaper. BlockchainFundCru’s main contribution to the blockchain ecosystem is that all gift cards, coupons, and vouchers that are sold are implemented and managed entirely as smart contracts on the Ethereum blockchain, regardless of whether they were purchased using fiat money or cryptocurrency. These smart contracts follow standard financial exchange protocols, so they can be transacted easily using QR codes.
Once these smart contracts have been deployed, customers and businesses can transact just as they normally would while knowing that all currency storage and transfers occur without any reliance on centralized services or third-party entities, including FundCru itself. This ensures compliance, scalability, and security.
RoadmapNovember 2017: FundCru platform is open for special fundraisers. (More news to come)
Q2 2018: Early production launch for beta testing
Q3 2018: Production Launch 1.0
Q4 2018: Production Launch 2.0. Third-party applications can use FundCru API as standard financial exchange protocol
TeamCEO: Duc Pham (Co-Founder and former CTO of Vormetric)
CMO: Patricia Wilson (former CEO of Make-A-Wish)
Please visit our team page for more information.ICOStart Date: December 5, 2017, 13:00 UTC
Token Symbol: FUND
Percentage of tokens to be sold: 50%
Target Minimum: 3300 ETH (approximately 1M USD)
Cryptocurrency accepted: ETH
Price of FUND: 0.0033 ETH (approximately 1 USD)
Minimum Purchase Level: 0.16 ETH (50 FUND or approximately 50 USD)For more information on our smart contracts, system implementation, user engagement system, and token mechanism, please see our whitepaper.
