About Root Projecta nonprofit powered by a very profitable cryptocurrency
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.
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.
- 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
Q1 2020 onward
Attention. There is a risk that unverified members are not actually members of the team
$1 159 344
ROOT PROJECT is a new type of crowd funding platform where anyone can initiate a project and organize campaigns.
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.
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.
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