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RootProject (ROOTS)

Social Services & Non-profit

Overview

RootProject is a decentralized ecosystem for nonprofits. RootProject harnesses crowdfunding and cryptocurrency for the social good, while offering token purchasers a cryptocurrency with built-in growth and social capital.

Features

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.

Technical Details

ROOTS is an ERC20 token using Ethereum smart contracts to implement the “medium-term pension” funds. Will be integrated with decentralized exchanges, such as Bancor. In the future, possible integration with Bitcoin RSK

Crowdsale

Pre-sale
Pre-sale start date 09 Jul 2017
Pre-sale end date 27 Jul 2017
ICO
ICO start date 10 Apr 2018
ICO end date 13 Apr 2018
Legal
ICO Platform 3
Token details
Ticker ROOTS
Type Utility-token
Additional Token Emission 0
Accepted Currencies

ETH

USD

Token distribution

Post-ICO Schedule - 34%

ICO Distribution - 20%

Contingency Fund - 20%

Employees - 10%

Project initiators - 5%

Research Fund - 5%

Unaffiliated Developers Incentive - 5%

Bounty Campain - 0.4%

Ratings

Type of scores
Score
Status
Hype score Medium Active
Risk score Medium Active

Founders

Name
Position
ICO
Social
Advisor Member of 6 ICOs
Daily Ride Member of 5 ICOs
Advisor Member of 4 ICOs
Principal Ethereum Engineer Member of 2 ICOs
Viral Philanthropy Inc. Member of 2 ICOs
Development director Member of this ICO only
TLDR Member of this ICO only
Country manager- Korea Member of this ICO only
Cofounder - Member of this ICO only
Director of communications Member of this ICO only
Advisor Member of this ICO only
Cofounder Member of this ICO only
Advisor Member of this ICO only
Constellation Labs Member of this ICO only
Chief of staff Member of this ICO only
Head of investor outreach Member of this ICO only
TokenPost Member of this ICO only
Principal Software Engineer Member of this ICO only

Funding Rounds

Development

Pre-Launch
Launch
Custom blockchain
Testnet
Mainnet
Sep 2018 NA NA NA NA

Rating Review and Analytics

Investment rating Info NA
Hype score Info Medium
Risk score Info Medium

Ended

Start ICO 10 Apr 2018
End ICO 13 Apr 2018
Token ROOTS
Price 1 ROOTS = 0.0112 USD
MVP No product
Whitepaper View

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