In the world there is a huge variety of different financial relationships between people and between different organizations and projects. These relationships allow a large number of people around the world to function harmoniously. As with the help of these financial schemes you can easily obtain different significant result. For example, there is a huge difference between self-financing and venture capital, but still they are United by a kind of financial flow that is directed in certain directions.
However, recently you can find one of the most common financing schemes of any organization or project, the so-called – crowdfunding. This financial instrument is used both in the financing of creative projects (music, film, art) and in other technological ideas and startups.
Problems
However, no matter how good such financial directions are, they still have a large number of problems and troubles, which each time bring more harm than good. In most cases, the classic format of the same crowdfunding contains more risks than the same benefits.
For example, when you want to take part in this kind of event, you can not know for sure whether your funds will go to those financial goals, which States this or that organization, or they will simply go nowhere. At the same time, it does not matter in what sphere the crowdfunding event will be held, whether it is a technological sphere or a creative one. Because creative directions also have a large number of vulnerable points that can emerge at the time of crowdfunding financing.
Let's say you as an artist, decided to raise funds in a popular way, to record your new album. You began to receive funds and that's at the initial stage you have already started the process. But at the same time you are not insured against any force majeure circumstances that would protect you from competition and possible plagiarism. Thus, you run the risk of not using the funds received rationally and not justify the hope of their fans who have expressed a desire to donate their funds to you.
And that the most offensive of such cases is in the world of Finance a huge set, as none of the classic financial institutions, does not fix and does not protect the funds of depositors from such situations. The team of specialists, which has developed a unique model of interaction between the two sides, where each of them has its own rights and tools, intends to solve such problems.
About the project
The project, the main idea of which we will consider today, is called – FundChain. Its mission is to provide all participants of the system with safe, transparent and reliable financial and crowdfunding tools, while applying modern blockchain technology. The project itself is a platform available in the mobile version for both Android and iOS, with which users will finally be able to receive financial assistance for the development of any project, both technological and creative.
At the same time, for users who act as an investor, FundChain has also prepared a number of tools with which they can not only see all the processes associated with the development of each specific project within the system, but also save their money at the expense of minimal fees at the time of implementation of certain financial transactions.
Features and benefits
If we consider the FundChain in more detail, we can safely identify its positive aspects relative to the classical existing systems, which are absent for one reason or another of this kind of functions and tools:
- first, the FundChain places great emphasis on the safety and transparency of all participants, so each new user must pass the KYC in order to carry out any further actions within the system;
- secondly, due to the fact that the FundChain is built on the principle of a peer-to-peer system, both individuals and legal entities can easily participate in the application. Moreover, each of them can either take part in an existing financial circle, or create it for their own purposes;
- third, FundChain provides all its users with a secure way of both depositing and withdrawing funds, which will be available in both Fiat and digital currency. You can choose the most appropriate model of interaction in order to take an active part in the FundChain;
- fourth, all financial transactions and crowdfunding transactions will be fixed smart contract, which will be spelled out all the terms of the agreement for both parties. This approach is able to eliminate any disputes or problems in the course of each financial circle;
- and fifthly, due to the fact that the FundChain is developed on the blockchain platform, it allows the system to manage all the processes quickly and with minimal costs, while opening unlimited access to its project worldwide. Since it will not have a geographical reference or any political framework or restrictions. Thus, you will be able to participate in absolutely any financial circle, regardless of your location.
In fact, the advantages of the FundChain quite a lot and list them all now I do not see the point, as with each of them you can learn more about yourself by studying the technical documentation of the project.
The details of the ICO
Token – AZ is going to complement this financial model, which will perform most of the internal operations, as well as serve as a financial income within the framework of the FundChain. In total, 30 million coins will be issued for the development of the system, of which only 2.7 million will be allocated for private sale, 9 million for public sale, the remaining part will be reserved for the stability Fund, referral and bounty program, as well as for partners, advisors and consultants. At the same time, most of them will be blocked for 1 year, in order to exclude a rigid correction in the price of the coin itself, after its entry into the exchange.
If we talk about the cost of the AZ token, it starts from $ 0.50 per 1 piece at the time of private sales and will rise to $ 0.63 at the time of public sales. Only the developers FundChain intend to collect Hard Cap of $ 7 million dollars.
Conclusion
I would like to note a very interesting presentation and the original idea of the developers who developed the product FundChain. First, it is available in the mobile application mode, which makes it massive, because most of the population has smartphones and mobile Internet. This means that they will always have a FundChain at hand and they can use it in unlimited quantities. Secondly, you as a user can simultaneously act as an investor, helping to Finance the project of another user, and as a fundraiser for financing your own ideas and projects. Which I find very convenient and practical. And, thirdly, you can choose the type of funds you want to enter and withdraw from the FundChain, as the developers offer both Fiat and their own token with a number of other ERC20 tokens. In General, this project deserves your attention, so I strongly recommend that you give it a little more time and explore its features in more detail. To do this, I have prepared all the necessary list of official resources, each of which carries certain information.
Official resources of the AZ FundChain project:
