Sun, 16 Dec 2018

RootProject

Tax-subsidized cryptocurrency



About Root ProjectAbout Root Project

RootProject is a new model of crowdfunding platform for public and charity projects. Along with recent innovations in urban public policy and brand new cryptocurrency it brings together ICO investors and society's most vulnerable layers.

That leaves tons of projects that everyone wants to see get crowdfunded go unfunded, because those that would initiate the campaigns don’t have the time to do all the work.

By marrying a crowdfunding platform with on-the-ground organization, RootProject opens up a whole new world of crowdfunding. By sourcing the labor from those below the poverty line, most of the donations get to be tax deductible.

The main features of RootProject include:

Laborless Crowdfunding
A new crowdfunding model creates supply and demand for community projects. Project initiators don't need to complete the project or know anything about cryptocurrencies. Donors get tax deductions. Socially visible projects enhance reputations.

Cryptocurrency
A portion of a project's crowdfunded proceeds go to token purchases, driving currency demand. The rest goes to material, one supervisor's wages, and wages for those stuck in poverty to complete the project. The currency's supply is hard capped, so each project reduces liquid token supply.

'Pension' Fund and Interest Alignment
In addition to hourly wages, paid in USD, cryptocurrency worth half of the day's earnings is deposited into a medium-term pension fund-like entity - further reducing liquid token supply and aligning the interests of investors and society's most vulnerable.

ICO Price: 1 ETH = 10,000 ROOTS

Pre-ICO Price: 1 ETH = 15,000 ROOTS

Start in 14-11-2017
Ended in 17-11-2017

Dr. Nicholas Adams Judge - Cofounder

Chris Place - Cofounder -

Zac Filan - Principal Software Engineer

Anton Kraminkin - Development director

Dr. Ashley Hooper - Advisor

Alex Bazhanau - Principal Ethereum Engineer

APRIL
Concept & material development, backend coding

JUNE
First hires

JULY
Pre-ICO on Jul 10, backend alpha on GitHub

AUGUST
Legal incorporation, front-end development

SEPTEMBER
ICO on Sep 5

OCTOBER
Coins tradable on exchanges, pilot projects

NOVEMBER
Pilot cities

DECEMBER
State launch

2018+
Expansion in States + Worldwide

Maiyah

Bitcoin Talk : Maiyah Link

ETH : 0x5620C0851d58Fd55a411dAdeb17c83DBB8E61b29