Aio.Community (OP)
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September 04, 2018, 01:01:53 PM
Last edit: October 17, 2018, 07:05:19 PM by Aio.Community |
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Digest AIO.Community
Today, the market of the crypto currency is in the development stage and therefore many questions for its normal development are not sufficiently studied and considered.
The team of the AIO.Community project considers it right to put these issues for discussion and propose its own way of solving them. This will give the market a new positive impulse and create conditions for the transition to a new level of development. It will make it more transparent for participants. With the possibility of obtaining financial protection for the project participant and ensuring a unified approaches to holding crowdfunding.
AIO.Community is an intelligent platform for ICO projects, with the possibility of obtaining financial protection for the project participant and ensuring a unified approach to holding crowdfunding.
When creating the project, we identified the issues that will be solved after implementing the platform in a global sense.
1. About the ICO.
We all know that the list of coins on the market is constantly growing, but for a potential investor the issue of buying a specific coin that will bring him a profit, requires studying the main questions about the project, namely: the goal of creating a project (the product being created) and the team that is working on it. This gives an understanding for the investor as far as his participation in the ICO for him can be profitable and safe.
Creation of the team takes quite a long time. Ensuring the creation of an effective team before the sale of coins is very difficult, so the leaders of the new project either form an inefficient team that consists of enthusiasts who are ready to work without payment, or the team is published only for information and does not match to reality.
What are the outstanding problems of this issue?
- Effectiveness of this team for the investor is not clear;
- Main functions of individual team members are not described and not regulated;
- Final product is not discussed by the community;
- Financial reporting for expenditure is rare, and non-targeted use is not stopped;
- The rules of the team, evaluation of effectiveness, compliance with deadlines, the system for assessing the performance of individual structures in the team is often created from scratch or not at all.
All this, we call structural problems, which often lead to unprofitability of the project, and the creation of the final product is delayed or does not happen at all.
AIO - completely solves these and other issues, we offer:
Creation of a platform where a team of specialists consists of:
- Financial experts who assess the costs of the project keep records and report to the community on the targeted and rational expenditure of funds. Prepare all the upcoming spending items in advance so that unnecessary funds are not uselessly accumulated in project accounts, while at the same time; it was understandable for the community to create the final product.
These specialists have sufficient skills to optimize and reduce the costs of the project.
This avoids attracting investors from unclaimed investments and reduces the amount of coin emission to the required limits.
- Legal specialists whose work is aimed at creating the correct legal form of the project, selection of appropriate jurisdiction for the registration of a future company, registration of intellectual and copyright. The consolidation of legal relations between investors and the ICO project with the subsequent transition to the status of shareholders, full support and protection of the interests of the project and investors.
- Marketers who study the economic model of the project development, advice on the choice of the optimal way of development, introduce clear and showed the highest conversion tools for the monetization of a future product created with the investors' funds.
- Technical personnel who accompany or fully assume the issues of safety, project development, design, infrastructure, and so on.
- Administrative staff, who fully accompanies the project from the initial idea stage, organizes the ICO, manages the creation of the project, represents the interests of the project, and accompanies the access to the relevant exchanges for subsequent trades.
- A security group that fully checks the ICO project, its creators, verifies them for participation in other projects, monitors information on various sources and databases in order to identify signs of unreliability for investors.
2. About funds and budget AIO.Community
Considering a number of interesting projects, we see that many of them could be implemented, but the teams that conduct them often have a goal only to hold an ICO and raise investors' funds. After that the project is conducted in a low-flow mode, and the investor receives information only from public sources.
We believe that this situation can be corrected and the ICO market for startups is more transparent.
We propose the following model of financial relations between the investor and the ICO project, where the AIO.Community platform will act as a guarantor of these relations using the following tools:
- Creation of an insurance fund, in which at each ICO will be sent 5% of the collected funds for the safety of which the platform is responsible.
If the project fails and the investors' funds are threatened, the insurance fund will reimburse them in full.
- Creation of a stabilization fund, which also contributes 5% of the ICO. In order to create a reserve to maintain a stable course of released tokens of projects, work on which was carried out on the platform.
Maintaining a stable exchange rate of coins is the basis for maintaining demand for the purchase of coins, this fund will buy coins from projects on the market with a drop in demand and vice versa, to sell to reduce supply so as not to allow unjustified speculative growth in the value of coins.
- The rest of the funds will go to the ICO project fund.
The supervision will be carried out by the community and monitored by the platform in the following order:
a. The budget of any project will be calculated by the platform and for each phase of the project implementation, funds will be allocated sufficient for this stage in accordance with the project roadmap.
b. Based on the results of each stage, the platform generates an audit report and submits it to the community for consideration
c. Based on the results of the audit report, the community answers the question: has the team fulfilled its tasks assigned to it, have the investors' funds been rationally spent.
d. If the community response is positive, then the team automatically receives funds to implement the next stage.
If the community response is negative, the team is completely removed from the project and work on it is transferred to platform specialists whose task will be to organize the work to complete the project, transfer it to another team of specialists or finish the work independently.
Conclusion: Investors' funds will be under constant control of the community and the platform, any of the implemented projects will always be brought to the end product and in the event of an insured event, the investor will receive a payment from the insurance fund.
AIO.Community economic strategy.
Creating this platform, we are the team of founders, strictly defined for ourselves the basic principles, in accordance with which we will build the project.
These principles were established on the basis of our education, life experience, fundamental human values and unconditional knowledge that we possess about the cryptocurrencies, which we strive to, do better, more modern and more understandable.
We strive to improve ourselves and the world around us. We want to unite the maximum number of participants around our idea of creating the first unified and really decentralized platform for holding ICO.
We see how ICO are being held today, their main goal is to raise capital, in other words, to exchange issued tokens that do not have any liquidity for assets whose liquidity and value has already been confirmed today.
In short, this can be defined as the exchange of gold for stones.
How long can this model exist? We believe that the end has already come; more than 80% of ICO that have issued their tokens have lost their value, since it was not provided with real assets. The leaders rushed to spend the funds of investors at their discretion, considering that the true goal has been achieved and they have already ensured their well-being.
We understand that such an approach to business can be formed only from the lack of necessary knowledge in economics, management, law and technology, as well as from a lack of experience in real business.
We set ambitious goals for which we have visions, a strategy and a team capable of fulfilling them. But the more we are involved in this process, the more we understand that our main assets are not money, but people, in other words, our friends, colleagues, partners, and like-minded people. All those, who also support a common case, and openly strive to change their lives for better with us.
Since its creation we decided:
1. Never, under any conditions, spend the money that investors have entrusted to us to buy third-party services; we do not need those who want to provide us a service and leave. We need partners with whom we will work together, conducting all mutual settlements using only the internal settlement tool AIOT.
We understand that this will hinder our development. We will be forced to weed out many of the performers, but we act in the interests of the community and do not allow the expenditure of funds, save them and use them only for the intended purpose. As a result, community assets will only grow, the liquidity of the AIOT token will increase, and spontaneous fluctuations will be compensated by stabilization fund.
2. Our capital is not money, but people! For this reason, we decided to start an ICO with a preliminary registration of participants. We need to see how many partners support us and want to take part in the project. To participate in the maximum number of partners, we define the minimum and maximum entry thresholds, more information can be found in the White Paper.
3. The funds at the disposal of the community should be distributed among the community members for their decentralized storage. We do not seek to raise capital, becoming a potentially unsafe object of influence from third parties or pro-state structures. Community board should be not a vulnerable part in the overall work of the community.
4. The formation of a community board should be made after the completion of ICO, having elected the most active and initiative members of the community.
5. The work of the Community Board should be transparent and open, especially in terms of managing finances.
We are confident that the use of these measures will allow to avoid many potential mistakes of management, economic planning, and involve the maximum number of community members in the work.
Memorandum of decentralized storage
AIO.Community is a decentralized community, and our main task is to follow this rule, including the issues of economy and community management.
As a measure confirming our open intentions and desires to create a decentralized storage of funds for all participants of the closed round there are special conditions for the purchase of tokens.
We advocate a “distributed system” of storage, available resources and funds that will be collected through ICO. Therefore, we propose to return the listed ETH back to the community member’s wallet.
The smart contract for this round provides for a reserve in proportion to the amount of ETH transferred by you, according to the AIOT course set for the ICO time for the address of the purse from which the transfer was made and the automatic return of the amount ETH at the end of the ICO.
The balance of purchased AIOT will be frozen, and the amount of ETH will be transferred to storage. The holder can be any member of the community on the balance, which will be at least 750 000 AIOT.
In this case, the holder is responsible for the safety and security of the funds transferred by the community. As far as financial resources are used, the community, represented by the community council, has the right to request transfer of funds for safekeeping to another participant, or reassigned to implement the plans and tasks of the community.
The holder is entitled, on his own initiative, to defreeze the AIOT at any time after ICO. Apply for a return of funds held in storage. After that, implement AIOT through an internal platform exchanger, which is fully operational, at the time of writing this memorandum.
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