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RootProject

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
Token Sale
ICO start date 10 Apr 2018
ICO end date 13 Apr 2018
Raised 158,774 USD
Token details
Ticker ROOTS
Type Utility-token
Additional Token Emission No
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

Hype score
High
Active
Risk score
Medium
Active

Team members

Name
Position
Score
Social
Daily Ride
1
Principal Ethereum Engineer
1
Viral Philanthropy Inc.
NA
Development director
NA
TLDR
NA
Country manager- Korea
NA
Cofounder -
NA
Director of communications
NA
Cofounder
NA
Constellation Labs
NA
Chief of staff
NA
Head of investor outreach
NA
TokenPost
NA
Principal Software Engineer
NA

Advisors

Name
Position
Score
Social
Advisor
1
Advisor
1
Advisor
NA
Advisor
NA

Funding Rounds

Development

Pre-Launch
Launch
Custom blockchain
Testnet
Mainnet
Q4 2018 NA No NA NA

Rating Review and Analytics

Investment rating Info NA
Hype score Info High
Risk score Info Medium
RootProject ICO Contacts
More on ICO

Ended

Raised: $158,774

Start ICO 10 Apr 2018
End ICO 13 Apr 2018
Token ROOTS
Price 1 ROOTS = 0.0112 USD
Whitepaper View
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