Cooperative Income Smart Contract (ITO - Initial Token Offering)
Crowdfunding campaign for developing Wrapped Faircoin (WFAIR). Wrapped Faircoin is an ERC20 token smart contract on Ethereum network backed by Faircoin asset for its use in decentralized exchanges (DEXs) and decentralized applications (DAPPs).
Participants in the Initial Token Offering will receive Fair Token (FAIRT), redeemable at the end of the crowdsale by WFair Income Smart Contract (Lescovex ISC standar, contract name: Income Fair IFAIR).
Cooperative Custodian Fees
The Custodian Nodes are the institution who holds the Faircoin assets and mint new WFAIR tokens for the merchants. In the case of WFAIR, this will be played by the Local Nodes Federation of Ecofintech Coop and other certified parties. From the tokens minted, custodian fees will be charged for maintenance of the service. Fees will be charged in WFAIR tokens and exchanged to Ether for its distribution to Income Fair Smart Contract (IFAIR) holders.
The WFAIR DAO
Holders of IFAIR Income Smart Contract can participate in the WFAIR Decentralized Autonomous Organization and to have right to vote on governance concerning WFAIR development and in validation Custodian Nodes and Merchants.
IFAIR Initial Distribution
10% foundational entity (Ecofintech Coop)
90% distributed among FAIRT token holders at the end of crowdsale
Details:
Rate: 1000FAIRT/ETH
Duration ITO: 21 days (until 1st April)
Capped: max. 24ETH
Name: Fair Token
Symbol: FAIRT
Decimals: 18
Contract address: 0x4a10061267a6bbb55e7a0ba9daa820ccdb38fb07
Contracts source: https://github.com/ecofintech/wfair-initial-token-offering
Participate
Send Ether to:
0x695e0653BD662Ed0Deb7e9ECD480cf51A9c1eF12
(never send from an exchange!!)
Technical Papers:
Whitepaper 1.0 [EN]
https://nubo.komun.org/s/HrgFWJqxM4rSPon
Whitepaper 1.0 [ES]
https://nubo.komun.org/s/GZQMDFbFDByACt5
License
This project is an Ecofintech Coop project licensed under the Creative Commons license.
Participate in our community channels!
Telegram: https://t.me/joinchat/Iw2hjxEoq_-vM2gB6q7EAQ
Matrix/Riot: #ecofintechcoopcommunity:matrix.org
Project carried out as a task for Module 5: Programming in Ethereum M5T2 in the I Master in Applied Blockchain: Programming, Fiscalization and Cryptoeconomics of the European University Miguel Cervantes.
Backed by Ethereum technology and Openzeppelin Solidity libraries:
Trade WFAIR in our partnered Decentralised Exchanges (coming soon):
(Disclaimer: FAIRT token emission has educative purposses only, noways constitute any investment offering or financial instrument. Ecofintech Coop is a cooperative social channel for fintech research founded by the non-profit swiss association "Confédération Democratique des Coopératives" under the articles 63 ff of the Swiss Civil Code.)