Many methods of obtaining capital, the most popular may be borrowing at a bank or looking for an investor. However, you may encounter problems in terms of bank requirements, such as age or amount of income. Lucky now there are some alterative capital that does not have to use your salary or age as collateral. You are free to describe your ideas, of course, in interesting and unique form. One of the current capital trends is crowdfunding
In recent years crowdfundings are rife. Basically crowdfunding is a method of raising funds for a project or business of a number of people. We can say that crowdfunding implements a joint funding system. Instead of conventional investors, crowdfunding projects are funded by the general public or anyone connected to your idea. There are quite a lot of platforms you can go for crowdfunding. Examples of kickstarter, indieGoGo and crowdfunder.
In crowdfunding, no products are sold but projects run. If there is, usually the product is not perfect and requires funds for the project can be forwarded.
There are four success factors of crowdfunding project:
- A clear narrative tells of the value of the project
- Benefits can be felt by many parties so that the supporters feel the need to realize the project
- An evocative and timely campaign process at the start of the fundraising process.
- Project realization and promise in accordance with the plan so that the supporters do not feel disappointed and still believe.
- Lack of control of crowdfunded money is disbursed
- Lack of support / mentor
- High transaction costs
what is FundYourSelfNow(FYN)?
FundYourselfNow is a revolutionary crowdfunding platform, designed using the latest blockchain technology that ensures:
- Easy funding for project creators
- Greater accountability for project proponents
- Expert advice and project helpers
- Friendly and easy-to-use interface system for project creators to post information about their projects.
- Allows project creators to seek project assistance from their own professional FYN community with special skills.
- Make use of smart contracts to hold the collected firms currencies and make money disbursements collected and token projects automatically, without any coding knowledge required. The currency for smart contracts supports Etherum, so the whole process is open and can be audited at any time.
- Internal marketplace, divided into 2:
- Token trading, the user allows to trade tokens that have been created during the funding process.
- Hedging, building a market that allows for hedging projects against fluctuations in the ETH currency that will impact the project's cash flow.
- Develop an open wallet that will facilitate voting and other management functions.
- Users will be able to leave comments and participate in discussions with the project community.
Roadmap
ICO CROWDSALE Details
START 2nd June, 2017 at 14:00 UTC +8; END 31th July, 2017 17.00 UTC+8
Exchange Rate: 1 ETH for 120 FYN Token (2nd June 2017 – 16th June 2017,14:00 UTC+8) [Early Bird Bonus]
1 ETH for 100 FYN Token (16th June 2017, 14:01 UTC+8 – 31th July 2017, 17:00 UTC+8)
Accepted currencies: ETH. For all other coins please use shapeshift.io
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