SELFLLERY: Allocation of funds

Gerryl L Destor
Apr 27, 2018 · 3 min read

The rapid development of innovation provokes developers to create new web products both useful and meaningless. For this reason, every person who wants to become a client of a particular web product is asked questions related to the financing and distribution of funds within the project of interest.

What is the basis for distrust between developers and consumers?
There is a popular opinion among the consumers that low-cost projects are evaluated by young and inexperienced developers, and experienced ones set the price point much higher. Also no less famous is the opinion that the leading developers are parasitizing on popularity, estimating their product more expensive than it really is. In fact, there is no apparent relationship between the brand name, quality and cost of production.

Therefore, the choice of a project for investment should based on personal preferences and only after a detailed study of the whitepaper. If necessary ot if you have any doubts, you need to communicate with the developers, in order to eliminate all misunderstandings.

Why do start-ups need investors?
Nowadays there is a huge number of start-ups based on blockchain technology. It is also important that there are very few honest and transparent projects. However, even worse is the fact that out of this small number of really unique projects, only those who have been able to raise a sufficient amount for the revision and promotion of the product have the right to exist and a successful future.

To understand why, let’s look at the distribution of collected funds using the example of the project SELFLLERY, a multifunctional platform that uses the crypto-economic model of user awards for published content and active social life.

How will SELFLLERY distribute the collected funds?
The project has already passed the pre-TGE milestone and is preparing for Token Generation, which will start on the 5th of March, 2018 at 12:00 (UTC +03: 00). SELFLLERY developers are planning to collect a minimum amount of 10,000 ETH, and a maximum amount of 55,000 ETH during the two stages of the initial issue of YOU tokens. The minimum collected amount is the means that minimize the risks of the project’s benefits, and the maximum corresponds to the possibility to expand the functional and internal reserves of the platform.

Distribution of funds collected as a result of TGE:
promotion of the product — 50%;
product development — 25%;
operating expenses — 10%;

  • reserve fund — 10%;
    legal services — 5%.
  • The presented numerical data makes it evident that the developers will spend most of their resources on attracting new users and developing additional functionality. Such percentage distribution is explained by the fact that SELFLLERY is a social platform, so it is important for it to attract users. Moreover, the number of users and functional affects the relevance of the platform, which will positively affect the cost of one token and user reward.

SELFLLERY: Why should I invest into the platform?
”Why should I invest into this project?” is often asked in various forums, under blog posts: — this of course also relates to SELFLLERY. The relevance of the project is always directly dependent on its themes and objectives.

As for SELFLLERY, every year the interest of humanity to digital photos is rapidly increasing. This affects the needs of social platforms, where you can publish collected photos and videos. Since SELFLLERY will monetize the likes and social activity of its users, it remains only a matter of time before the platform becomes the world’s leader in demand. Proceeding from this, as noted above, with increasing demand, the value of YOU token will increase, which will have a great impact on those who decide to join the development and expansion of SELFLLERY at an early stage.

If you have any questions about the project, we are ready to answer in our telegram chat.

For more information, read on our pages:
Token generation event: our website
Website project: SELFLLERY
Presentation Video
Telegram Channel

Welcome to our chat:
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Gerryl L Destor

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