Futourist crowdsale details
If you’re new to Futourist, we’re building a platform that will enable travellers to get paid for their reviews, offer them exclusive membership deals and much more. We’re taking the broken travel review industry business head on and we need your help to do so.
We’re holding a crowdsale on February 20th to help us fund this vision and we already have a solid foundation in the OpenHours platform with over 1 million monthly users so we’re confident in our success. If you’re thinking of becoming our supporter then this blog post gives some of the details that a would be investor needs to make up his or her mind.
Revenue model
In the first year of business it is expected that the platform won’t be making any money. Our model is based on a number of different revenue streams and most of these will be up and running in 2019. Some of those revenue streams are:
· Contests (companies providing contests where users will be rewarded for their content under certain conditions),
· Service reward implementation (matching the right services with the right customers),
· Business intelligence (customer data provided with in-depth analytics for travel providers, restaurants, leisure equipment producers, hoteliers and many others),
· Nearby Offers (Users will spend their FTR token on offers provided by companies signed up to the platform)
· Futourist Payment Card (We have already partnered up with an innovative payment card company, Futourist will get closer to the masses and will introduce them to the potential of the blockchain in an easier way with this card).
A very important difference from established platforms is that companies can pay a certain amount to the Futourist platform which then hosts highly targeted contests for content creation that can be easily connected with the company. But since companies are removed from content editing the users get the most reliable information possible which strengthens trust and credibility that the product or service is what people say it is.
You can read more about our Main and Additional features in our Medium blog posts.
Funds and token distribution
The Futourist platform wants to bring a new paradigm into the review industry where the community will be the main generator of value and adequately rewarded for doing so. This is also reflected in the distribution of the overall FTR token supply. All of the 1 billion FTR tokens will be premined and distributed in the following way:
Our team will vest its tokens, which is common in reliable companies. We will lock up the team’s tokens for 9 months, which means they cannot be tampered with after they are created. Following the 9 months, the team members will only be allowed to sell 25% of their tokens every 6 months. This vesting schedule ensures the seriousness of the team behind the Futourist platform.
And this is the breakdown for funds:
Crowdsale details and funding goals
There will be three stages to our crowdsale: the limited pre-sale, the unlimited pre-sale and the crowdsale. The first phase will begin on February 20th and the public crowdsale will end on March 20th. These dates hold, unless the caps will be met sooner. You can read more details in this blog post and we’ll let you know the exact hours in the upcoming days. Remember, you can only participate in any of the phases if your ETH is on the Futourist whitelist.
We’ll always be transparent with our community so a disclosure is in place. A part of the tokens is reserved for our angel investors who have supported and financed our project from the very beginning and are the reason Futourist exists. The angel phase will end before the pre-sale, the amount of tokens sold will be publicly disclosed before the public phases take place. Also, Columbus Capital fund, Pinta, has expressed a high interest for Futourist and will take part in the crowdsale.
We’ve set the soft cap at €700,000 and a hard cap at €5.6 million without any additional stretch goals. Having one of the smallest hard caps out there (which is one of the 11 reasons Why It’s a Good idea to contribute to the Futourist Token Crowdsale), we have the potential for a normal, organic growth. We also don’t have to justify an exaggerated market cap that is immediately worth a few 100 million dollars without any product behind. Futourist will therefore have a lot of space for future growth which will enable us to raise awareness about our platform and mission.
Know Your Customer (KYC) and Whitelisting
Due to demands made by exchanges and banks, the “Know your customer” form (KYC) will be an obligatory step for every investor — for those investing in the pre-sale phases, as well as those investing in the public crowdsale phase. The KYC form is already available online on https://kyc.futourist.io/.
During the pre-sale phases, the form will not be available, so you need to submit KYC form before the presale starts. Doing so, your ETH address will be inserted into our crowdsale smart-contract, which means it will be whitelisted. All collected funds that do not come from a whitelisted ETH address will be returned to the address they came from.
A very important factor behind our platform and others in general is also a great Team– you can read more about it here.
Futourist’s advisors and specialists
In a novel world like blockchain a good counsel is worth its weight in gold. That’s why we’ve surrounded ourselves with people with years of experience in fields such as payments systems, branding, strategy, and fund management:
- Tim M. Zagar — CEO of ICONOMI
- Alexander Vasylchenko — CEO of Sofitto and former CTO of Mycelium
- Michael Amy — former United Nations WFP software consultant
- Zenel Batagelj — Head of Team strategy at Cofound.it
- Primoz Kordez — Token model expert — You can read Primoz’s blog about Futourist ecosystem here https://medium.com/@primoz.kordez/tokens-targeted-airdrops-2df7b85b0635
If you have any more questions about our project you can always ask us in our Telegram chat.
You are also more than welcome to watch our latest video: https://www.facebook.com/futourist.io/videos/1571602792946696/
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