FairEco — Fair Financing for Everyone

Boomedia
Boomedia
Sep 3, 2018 · 4 min read

FairEco stands for Fair Financing. The project aims to create a fairer and more reliable financing system for all. Let’s examine the project details together.

A Crowdfunding platform based on Blockchain technology, a safe and fair Crowndfunding on the World, FairEco platform. While not seeing the idea of ​​transparency as a central wallet on the platform, voters should vote for the Backers as Investment Assurance and project management platform to ensure Project Continuity. A strong supportive platform for boosting funds and releasing real potentials for supporters, and a safe place for the community to co-offer community involvement and impact.

Mass funding is highly preferred due to its simplicity, but inspiring and innovative producers are an event that opens up the opportunity to offer products and services that address the challenges of the real world, while at the same time increasing the opportunities for mass collective and positive impact. Mass funding is the practice of funding a project by collecting small amounts of money from Backers, who believe in products and services that can break down existing models or invent wonderful things.

We have seen a significant increase in the number of unsupervised projects in the research conducted on projects that have successfully collected funding. As a state in the project plans, the products and services can not claim any reimbursement from the Backlinks and Makers from the Crowdfunding platform due to their investments.

What is FairEco Platform?

The FairEco platform, a Crowdfunding platform that leverages Blockchain technology, was designed and built to be a fair platform for Makers with innovative ideas to offer their products and services, while at the same time providing a favorable margin for Backers to support the project at a reasonable amount of investment. The platform also supports Backers, who have the opportunity to approve with the Maker to carry out the project they have invested in until the completion of the project.

The FairEco platform,

is really meant to be fair for ANYONE who believes in Crowdfunding.

No control over project execution Creating funds through Crowdfunding is a way to upgrade Backers’s fund, which aims to solve and influence society in a positive way, or that is interested and confident in good projects in projects that are influenced by the commitment of donors. In contrast, Backers will get good products or services, you’ll get the chance to become the first group to use products or services with Backers, which often leads to a large collective recognition of this first user group.

The crowdfunding statistic for the years 2012–2015 showed that the number of projects increases each year. The statistic found that on 8 June 2018 the Kickstarter platform had more than $ 3,720,870,063 for funding and more than 145,091 projects were financed successfully.

Through Crowdfunding fund creation, Backers can participate in projects they want or believe and decide to support Makers freely. The Fund will be developed through a platform designed to make it easier for Backers and Makers to transfer money from Backers to Makers. Transmitters are responsible for providing attractive project proposals, including innovative solutions, sound execution plans, deliverable products, concrete products or services, teams or group employees working for the projects, and investors or shareholders with creditors to ensure they can deliver at the same time. According to the plan.

However, the platform does not guarantee that it can receive any product or service. Simply, if Backers has invested in any project, it will be the sole authority of the Authorities to manage all funds back to the Builders after the application of the platform fee and to refund the remaining if they decide not to terminate the project. It continues according to the execution plan. For example, it was decided that the fund-raising project for the innovative iPad should be terminated, and it turned out that Backers were not funded.

Our approach

Due to the above considerations, FairEco has a funding platform for Crowdfunding in Blockchain technology. This project aims to mitigate the risk of project execution and to provide a centralized security, financial risk and a veto that supports Backers without making periodic project payments.

Fair Contract

The contracts for projects on the FairEco platform are a contract only for Backers and Makers. There is no wallet on the platform for the related parties.

Project payment

FairEco platform, platform developed in Blockchain technology

Crowdfunding, which is designed to manage payment policies for all projects created under Payment cycles, the duration of each payment cycle, and the approval period for payment are the set of payment policies supported on the platform. It

For Backers paying through the Makers for platform helps to reduce the risk of losing money.

Veto Vote

The FairEco Platform can identify payment policies in projects and use these policies as a means of reducing the Supportive Risk. Supporters may vote to stop paying the investment fund on the project, if they can not plan the project, show that they can not delay delivery or that the projects can be terminated.

Website: https://faireco.io
Whitepaper: https://faireco.io/static/reading/faireco-wp-r1-20180630.pdf
Twitter : https://twitter.com/@faireco_io
Telegram: https://t.me/faireco_io
Bitcointalk Ann: https://bitcointalk.org/index.php?topic=4586485

My Bitcointalk name: rumblesix
My BitcoinTalk profile — https://bitcointalk.org/index.php?action=profile;u=1744410
My ETH wallet is 0x22C3A32ffa6DB7cb32758a8722497C6d8f081d6A

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