FairEco — Trusted and Fair Financing for The Community
Welcome to my article ..
Here we have talked a lot about platform with their advantages but this one platform is different from other platforms.
Yes! This is about FairEco with Trusted and Fair Financing for The Community
Interesting, right? Let’s we talk about it
Introducing a safe and fair Crowdfunding on Earth, FairEco platform, a Crowdfunding platform built on Blockchain technology.
With the idea of Transparency as no centralized wallet in the platform, with veto vote for Backers as the Investment Assurance and project management platform for Makers to ensure the Continuity of the project.
The powerful platform for Makers raising fund and unleashing true potential and the safe place for Backers contributing to the community confidentially and delivering the impact together.
About FairEco Platform
Because of above issues, FairEco has fundraising platform for Crowdfunding on Blockchain technology that aim to mitigate project execution risk as well as financial risk with no central wallet maintained, periodic project payment, and veto vote supporting for Backers.
The Challenges
Crowdfunding platforms enable creative minds to bring the best idea to life. In reality, however, it found that many projects in Crowdfunding communities are fraudulent intentionally, fail to deliver as promised and no protection for the money that goes in one shot. The reason why it fails is:
No Project Execution Control — mostly, once such project raised funds successfully, there is NO control over project deliverable as Makers have the full authority in the project.
All or Nothing — All the raising fund goes to Makers in one shot, making Backers no chance to protect their investment and allow project creator not deliver the products or services as planned.
FairEco Platform
Fair Contract
Contract in FairEco is solely for Backer and Maker, not any intermediary. The platform commits to maintain none of central wallet.
FairEco platform is built for the community, for people who believe in Crowdfunding that really make the impact.
Project Payment
FairEco platform adds project payment policy to govern project execution mechanism providing an opportunity for Backers to approve or deny payment in each payment period to ensure the project execution remains under control.
FairEco platform protects Backer fund and reduces any financial and project execution risk to the acceptable level.
Veto Vote
With project payment policy in the contract enable Backer to control project payment. Backer is able to stop any projects that cannot operate as planned, delay in delivery, or likely to terminate while keeping the good one executing until its end.
The ability to control project payment makes FairEco platform fair enough for everyone.
What is The Benefit?
Transparency
All transactions can be examined transparently as all information is available on Blockchain. We also maintain no central wallet policy to ensure our platform’s transparency
Assurance
All backers bear low risk of investment as standard controls put in place to mitigate any project execution risks to the acceptable level protecting backers from losing all their investment money
Trust
We truly believe in Crowdfunding that shape the world in better way and allow great minds collaborating together to deliver the awesome thing to the community. We build this platform purposely to limit any fraudulent activities while enable the good one to continue their execution until project complete
Moment
Because the platform is based on Cryptocurrency, the time needed for each transaction is significantly less. Withdrawal by makers and refunds to backers can be done instantly
FairEco Token (FECO)
Token Detail
Soft Cap: 10,000 ETH
Hard Cap: 30,000 ETH
ERC20 Token Symbol: FECO
Total Token Supply: 60M FECO
Total Token For Sale: 39M FECO
Token Pre-Sale Price: 1 ETH = 1,300 FECO
Token Public Price: 1 ETH = 1,000 FECO
Minimum Individual Cap: 0.3 ETH
Maximum Individual Cap 20 ETH
Token Allocation
Use of Proceeds
ROADMAP
2018
FairEco Launch
Q4 2018
FairEco Platform Proof of Concept
The FairEco platform proof of concept has been developed including but not limited to maker and backer main functions, request withdrawal and consensus veto to abort the wire transfer. Security, performance and quality assurance processes are conducted intensively.
Q1 — Q2 2019
FairEco Platform Review
Invitation of system testing has been released iteratively. The FairEco platform features have been added and developed continuously based on feedback from the testing.
Q3 2019
FairEco Platform for Maker and Backer
Announcement of fully functional FairEco platform for the community. Backer’s wallet can be utilized to support maker’s projects. Funding of project can be aborted based on backer’s veto. We want to create the fair crowdfunding for everyone.
For more information, please visit following link:
Website: https://faireco.io/
Whitepaper: https://faireco.io/static/reading/faireco-wp-r1-20180630.pdf
Twitter: https://twitter.com/@faireco_io
Medium: https://medium.com/@faireco
Telegram: https://t.me/faireco_io
Bitcointalk Username: awesomegirl
Bitcointalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=2386253