RootProject

RootProject

Created using Figma
Created using Figma
This project battles people in extreme poverty with a crowdfunding platform for non-profit projects which employs the workers platform. These platforms use ROOTS token in their service fee models and bonus reward programs.
Apr 10, 2018
Apr 13, 2018
100% completed
$158 774
goal
cap
0% cap completed
Goal 1 000 000.00
Cap 200 000.00
past
Jul 10, 2017
Dec 10, 2017
100% completed
$537 925
goal
cap
1% cap completed
Goal 1 000 000.00 ETH
Cap 200 000.00 ETH
past
  • 10000 ROOTS
    =
    1 ETH
Token Details
Ticker
ROOTS
Accepted Currencies
ETH
Company Details
Registered Country
United States
Additional Details
Platform
Ethereum
Categories
Cryptocurrency, Charity

About RootProject

About Root Project
a nonprofit powered by a very profitable cryptocurrency

Laborless Crowdfunding

A new crowdfunding model creates supply and demand for community projects. Project initiators don't need to complete the project or know anything about cryptocurrencies. Donors get tax deductions. Socially visible projects enhance reputations.

Cryptocurrency

A portion of a project's crowdfunded proceeds go to token purchases, driving currency demand. The rest goes to material, one supervisor's wages, and wages for those stuck in poverty to complete the project. The currency's supply is hard capped, so each project reduces liquid token supply.

'Pension' Fund and Interest Alignment

In addition to hourly wages, paid in USD, cryptocurrency worth half of the day's earnings is deposited into a medium-term pension fund-like entity - further reducing liquid token supply and aligning the interests of investors and society's most vulnerable.

Features

- A new crowdfunding model creates supply and demand for community
projects. Donors get tax deductions. Socially visible projects enhance reputations.
- A portion of a project's crowdfunded proceeds go to token purchases, driving currency demand.
- In addition to hourly wages, paid in USD, cryptocurrency worth half of the day's earnings is deposited into a medium-term pension fund-like entity

Technical Info

Technical details:  ROOTS is an ERC20 token using Ethereum smart contracts to implement the “medium-term pension” funds. Will be integrated with decentralized exchanges, such as Bancor. In the future, possible integration with Bitcoin RSK Proof of developer:  Public team

RootProject Roadmap

  • APRIL

  • Concept & material development, backend coding
  • April 2017

  • Concept &material development, backend coding
  • JUNE

  • First hires
  • June 2017

  • First hires
  • Read More
  • JULY

  • Pre-ICO on Jul 10, backend alpha on GitHub
  • July 2017

  • Pre-ICO on Jul 10, backend alpha on GitHub
  • AUGUST

  • Legal incorporation, front-end development
  • August 2017

  • Legal incorporation, front-end development
  • SEPTEMBER

  • ICO on Sep 5
  • September 2017

  • MVP development, partnerships, Korean expansion
  • OCTOBER

  • Coins tradable on exchanges, pilot projects
  • October 2017

  • MVP release. Alpha version of crowdfunding site
  • NOVEMBER

  • Pilot cities
  • January 2018

  • ICO dates announced, hard capped at $13 mil.
  • DECEMBER

  • State launch
  • February 2018

  • SAFT Round
  • 2018+

  • Expansion in States + Worldwide
  • Q1 2018

  • RootProject Pilot City expansion
  • March 2018

  • RootProject full crowdfunding app completed
  • April 2018

  • Public ICO
  • Q2 2018

  • Worker's app completed
  • July 2018

  • Post-Pilot City expansion (15+ cities)
  • Q2 2019

  • Full national expansion
  • Q3 2019

  • Non-US national pilot
  • Q1 2020 onward

  • Full non-US expansion

Activity

Activity:
546
VERY HIGH
Posts:
308
MEDIUM
Views:
28 348
VERY HIGH
Activity:
546
VERY HIGH
Merit:
250
HIGH
Posts:
1 023
VERY HIGH
Views:
27 528
VERY HIGH
Users:
278
HIGH
Posts:
441
HIGH
Followers:
1 195
LOW
Likes:
1 128
LOW
Rating:
5
VERY HIGH
Followers:
2 772
MEDIUM
Tweets:
493
HIGH
30 Days Growth:
-29
Members:
1 828
LOW
30 Days Growth:
-151
Year commits:
0
Watchers:
7
Stars:
12
Forks:
9
Open issues:
1

RootProject Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Chris Place
Cofounder
unverified
Dr. Nicholas Adams J...
Cofounder
unverified
Zac Filan
Principal Software Engineer
unverified
Alex Bazhanau
Principal Ethereum Engineer
unverified
MARK STREETER
HEAD OF INVESTOR OUTREACH
unverified
DAVID RICHEY
DIRECTOR OF COMMUNICATIONS
unverified
SONNY KWON
STRATEGIC PARTNERSHIP DIRECTOR
unverified

2 ICO

$1 159 344

Anton Kraminkin
Development Director
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Dr. Ashley Hooper
Advisor
unverified
DR. STUART KOMAN
ADVISOR
unverified

RootProject Last News

4.04
positive
5.0 0
ICO Profile Vision Activity Potential Product Team

RootProject Reviews

Samson Owiti
Cryptotrader, Crypto investor, Blockchain business expert

ROOT PROJECT is a new type of crowd funding platform where anyone can initiate a project and organize campaigns.

PROS:

  1. Interest alignment: The aligned interest of the society through the crypto currency is easily deposited into the medium persons fund entity
  2. Easy project evaluation for the realism and budget accuracy
  3. Good team
  4. Embraces the use of crypto currencies

CONS:

  1. Missing white paper
  2. The implication of the token is not clearly highlighted
  3. The token sale and it associated benefits is not clearly defined

SUGGESTIONS:

  1. Include the project whitepaper  to promote vivid understanding of the project and its implications
  2. Expound on the token use and its growth in the past years
Read More
icotokennews.com
reviews

Backed by cutting-edge Ethereum blockchain technology, RootProject aims to reduce poverty by funding community projects through its crowdfunding platform. RootProject and cryptocurrencies can be used by the community groups to systematically launch projects and initiatives at their homes or any other parts of the world.

Read More
bitcoinexchangeguide.com
reviews

RootProject isn’t the first company to discuss how cryptocurrencies can be used to create a more egalitarian society. We’ve already seen how cryptocurrencies and blockchain technology can decentralize authority and boost economic mobility. Together, these features help people at the margins of society to reap benefits.

RootProject has taken that idea to the real world in an effort to reduce poverty. Groups can use RootProject and its cryptocurrency to launch projects and initiatives at home – or in other parts of the world.

It’s a combination of crowdfunding, real-world charity, and cryptocurrency payments. You can visit RootProject.co to learn more about the upcoming project.

Read More
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