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:
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.
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
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
Concept & material development, backend coding
Pre-ICO on Jul 10, backend alpha on GitHub
Legal incorporation, front-end development
ICO on Sep 5
Coins tradable on exchanges, pilot projects
Expansion in States + Worldwide