Recently FUNDYOURSELFNOW has changed some aspects of its project and I would like to cover the changes in this presentation. Also, I will touch ICO details here.
As you know I have already made a presentation on the FUNDYOURSELFNOW project, but the project has changed some important aspects of its ICO and I think, it is vital to cover everything.
So, what are the main changes the FYN team has made in order to be more appealing to contributors?
Design. Now the site looks way better than it previously did, and logo has been upgraded. Looks great, by the way. The team promised to pay more attention to design in future.
The terms have changed; I will cover it on the different slide.
The team has become more open, recently they published the video presentation of all participants of the project. It shows that they will not simply take your money and run away, they are serious about their intentions. You definitely have to check it out.
Also, FUNDYOURSELFNOW has added new members with vast experience to its advisory board, you can check them out and their LinkedIn profiles too.
https://medium.com/@FundYourselfNow/stronger-advisory-team-with-vast-experience-10c64179cb27
The founders have changed the reward mechanism for the investors. Let’s see how.
Now the profit generation comes from two sources: price appreciation due to the usage of the platform and the buyback mechanism.
The FUNDYOURSELFNOW itself will benefit by listing projects. The platform will take 5% of collected funds.
No other fees will be introduced to stay competitive.
70% of FYN’s NET Income will be used to buyback FYN tokens from open market (digital asset exchanges like Poloniex and other platforms where FYNs will be listed, the details will come later).
The bought tokens will be burned by the FYN and this will lead to price appreciation because tokens will be a scarcer commodity.
As you know, in order to buy additional services on the platform, the FYN tokens will be used. It leads to additional incentive for FYN tokenholders to hodl.
I can see that, depending on the Net Income of the FUNDYOURSELFNOW project, there can be a substantial growth of FYN tokens value.
Here I wanted to show you conservative forecast of the buyback program if everything goes according to plan. Remember that everything depends on how successful project will be. I hope they will make it, the project looks promising.
The crowdsale terms have changed with the reward structure.
In terms of tokens distributed to investors project still remains as an attractive one. Let’s see.
ICO starts on 13th of JUNE.
During ICO, 60% of FYN tokens will be distributed to contributors, the team expects to collect up to 80 000 Ethers.
For 3 weeks, 1ETH will equal 120 FYN tokens, since 4th of July 1ETH will buy 100 FYN tokens. As far as I know, if you want to participate in presale, you still have time to contact the team and ask about it.
Founders, advisors, and bounties will get 40% of all FYN tokens.
Allocation of funds remains the same and is concentrated on Marketing and Business Development
When I started researching Cofound.it I found that it is very similar to FUNDYOURSELFNOW.
So I made a decision to compare those projects from some important angles.
FYN: 70% of Net Income is used to buyback tokens each 6 months. Value appreciation of tokens comes from usage of the decentralized platform.
CFI: 34% of decentralized platform fees will be distributed to CFI holders. Value appreciation of tokens also comes from usage of the decentralized platform.
FYN: 60% of FYN tokens will be distributed to investors. 40% will be used for reserves, founders, advisors.
CFI: 25% of CFI tokens are distributed to investors. Other 75%: 20% — founders, 10% — ICONOMI, 25% — CASHILA, 25% — reserves.
FYN: FYN already has decentralized platform prototype everyone can already test. You too! demo.fundyourselfnow.com
CFI: First of all, team now is more concentrated on providing expertise to projects in a centralized manner. In 2018 the plan to create a decentralized platform where tokens will be actually used.
WEBSITE: https://www.fundyourselfnow.com
FACEBOOK: https://www.facebook.com/fundyourselfnow/
TWITTER: https://twitter.com/fundyourselfnow