Fundin is a blockchain based crowdfunding platform and more of a mechanism wherein backers can get involved in low-risk support of new startups and ventures and these aspiring ideas can gain more supporters globally, so that it would be easier for them to fundraise required capital from all around the globe. The improvement and acceptance of decentralized technology has propelled and incited dynamic entrepreneurs to find the best alternatives and prospects of materializing their ideas. Fundin offers solutions to many common problems from accessibility to transparency and even usage and expenses.
Unlike the traditional and other crowdfunding platforms, Fundin gives the public access to startups and entrepreneurial enterprises with easy access to equity.
Fundin encourage investing from all over the world. The project is against the tradition of heavy fees and/or legal restrictions while receiving funds. Lack of transparency in business has caused a lot of crowdfunding campaign go wrong. Fundin is analytical and problem solving to the shortcomings of platforms -raising and spending funds with no proof of concept to begin with.
Use of blockchain and integration of pre-activated Zerocoin protocol from PIVX ensures the privacy and security of data along with achievability of transparent and controlled transaction between creators and backers. On top of that, the implementation of BIP 65 enables creating simple smart contracts related to disbursements of funds to the creators allowing backers to create multi-signature wallet and to restrain and hold the transaction until some point of time. Masternode Governance on the other hand allows those creators with potential ideas which are missed by the backers to reach them with the help of Masternode votes from the Fundin community. Backers will then be able to take informed decisions because of the votes from Masternodes after reviewing projects thoroughly.
The essence and upshot of this is that creators and backers can easily select the projects with high votes from the Fundin community which is truly decentralized where members with different views and expertise come together ensuring the project’s viability. Fundin helps startups and entrepreneurs to materialize their ideas without giving up decision making power to the venture capitalist as like in the past. Potential, Innovative, creative, and those projects supporting human welfare indifferent to the categories, if not backed by backers will be funded by Fundin with the accumulated Masternode rewards collected by setting up Masternode from the beginning by Fundin core team with consensus achieved by Masternode voting.
A cryptocurrency called FDN will be used to facilitate crowdfunding process in platform enabling the blockchain features. FDN is introduced to maintain uniformity of transaction within the platform between members of crowdfunding ecosystem and Fundin platform. FDN coins will be the transaction unit for investment by backers whose value will be determined as per the market. All projects’ fundraising will be performed and all settlements within Fundin ecosystem will be done in FDN coins. Total coin supply on POW phase will be ~41 million FDN and infinite in terms of POS phase which is estimated to be equivalent to 500 million FDN in 100 years. The term for private sale will last for four weeks from the date of announcement with entitlement of 10% bonus on week 1 and 5% on week two &three and 2.5 % for the remaining period. Private sale coin price has been determined at $0.10 per FDN. FDN coin will be traded on various exchanges after completion of private sale and process of listing is finalized with exchanges.
Fundin platform has been built and designed with integration of the best tools offered by the blockchain technology. The platform, not only mitigate the risk of loss to the backers but supports creators by bridging their Funding gap. It will be a platform wherein creative ideas are respected and innovations are admired.
