FundChain is a transparent and secure monetary circle and mass funding application that uses the blockchain infrastructure.
Investors can closely monitor their investments in the mass funding process, which is completely transparent through the platform. Users can join money circles or invest in businesses with the FundChain app using fiat or cryptocurrencies.
With its user-friendly interface and transparent system, FundChain aims to solve the current problems of traditional money circles and mass funding.
FundChain provides a revolutionary solution to the financial sector.
Money Circles (ROSCA)
The ROSCA are informal micro-finance groups in developing countries. People who want to join the circle make their participation safe by choosing each other. Transactions within the flat are transparent and can be monitored by each member during the meetings. The periodically collected money goes to the participating member for that period. This system provides a simple and transparent way for people without a bank or bank to save money and to access their needs.
Definition and importance of the circle of money
For the purpose of saving, a circle of rotating persons and a credit union (ROSCA) is a group or individual who agrees to negotiate and borrow for a certain period of time.
Reasons for the formation of money circles
• Individuals without access to banking systems
• Individuals who do not trust the banking system
• Individuals who do not use the banking system depending on personal beliefs
• Access to a faster, non-bureaucracy
• Regularly saving money
• No problems with tax and regulations
How Money Circles Work
Payment date is determined by the organizer, and the members make the same amount of payment to the environment in the periods decided. The participant can use the money in any way he wants.
Possible problems in the circle of traditional money
• Disputes in the group
• Loss of membership with death
• Market leadership
• Being defrauded by a member of the group
Crowdfunding
We can define mass funding to finance a project or initiative, usually through the internet, by collecting a small amount of money from a large group of people.
Usage areas
• Food and agriculture
• Philanthropy and Social Projects
• Real Estate
• Science
• Journalism
Crowdfunding Problems
• Loss of reputation
• IP protection problems
• Don't find a donor
• Fear of public abuse
The FundChain platform offers blockchain based money circles and mass funding services that we can participate with its mobile app. The FundChain mobile app provides users with the right infrastructure to perform platform operations.
The application is downloadable by Android and IOS users.
Users must authenticate (KYC) before joining the system. Verified profiles will have platform ratings, these ratings will be visible on social identity cards. Users can communicate with each other in a private message before joining or organizing the currency circle.
After KYC verification, depending on their preferences, they can start to open money circles to other participants or to contribute to an existing pool and to invest. With the FundChain application, you have the option to pay with three payment methods. Ethereum, USDC and ERC20 tokens can securely deposit and withdraw.
Money circles are managed through smart contracts. Smart contracts will work automatically behind the interface to provide a transparent and secure operation for participants.
FundChain Platform Features
Easy access thanks to user-friendly interfaces
The platform provides investors with the following ease of use
• Show fund flow
• Opening money circles
• Review on other profiles
• Message to other users
Create and Join a Circle of Money
Platform users can participate in public money circles through the application. Money circles are updated gradually. Joining the public money circle is free, and all you need to do is KYC / AML verification. Monetary circle organizations can be general or specific depending on the needs and preferences of the participants. The organizer can create a circle with the method of sending invitation codes to others. Organizers can create a circle of money by providing the following information.
- Number of Rounds
- Contribution per Tour
- The number of participants
- Start Date and Period
Milestone System for Crowdfunding
The milestone system will be simple and simple.
Milestones details:
• Soft Cap: Can be adjusted by the owner. When the limit is reached, the owner can withdraw the funds. If the soft cover is not available during the mass funding period, the funds will be returned to the investors.
• Hard Cap: The owner will place a fixed cover and the investment will not be accepted after reaching the fixed cover.
• Time and date: Mass funding will be made on certain dates. It will have a start and end date.
Benefits
Blockchain technology enables instant monitoring without compromising security and functionality. Although it is complex and very comprehensive, it interacts with user-friendly interfaces to create a way to work without creating confusion
ICO and Token Details
Total supply of AZ Token: 30,000,000 AZ
AZ for sale: 39% (11,700,000 AZ)
• Ticker: AZ
• Platform: Ethereum
• Token Type: ERC20
• Private Sales: 2.700.000 Token
• Token Price: 0.50 Usd
• Special Sales minimum contribution: 100 Usd
• Public Selling: 9,000,000 Token
• Token Price: 0.63 Usd
• Minimum contribution to General Sales: 10 Usd
• Soft Cap: 2,000,000 Usd
• Hard Cap: 7,000,000 Usd
Public sales dates 1 March 2019 - 20 April 2019
Investors are required to pass KYC / AML from the FundChain system.
Investments can be made with Fiat and Cryptocurrencies.
Team
Road map
Social Media and Contact Information
Web : https://azfundchain.io/
Ann : https://bitcointalk.org/index.php?topic=5096656
WhitePaper : https://azfundchain.io/whitepaper.pdf
Twitter : https://twitter.com/azfundchain
Facebook : https://www.facebook.com/azfundchain/
Bountysuite Username: seje
My Ether Wallet: 0xd422eE7B90C076532ceAF3Ea88178bB02629b0dc
AZFundChain is built on blockchain and runs completely decentralized to solve the problems as poor leadership or fraud by a group member in traditional crowdfunding and money circles.
FundChain project is a project that stands out with its current features. Having a mobile app is also positive in terms of the project.
AZ FundChain is a decentralized, transparent and reliable money circle and crowdfunding application running on the blockchain.
Transactions within the flat are transparent and can be monitored by each member during the meetings. The periodically collected money goes to the participating member for that period.
Fundchain looks so many solutions about funding sector and i believe they will reach their goals.
The FundChain mobile app provides users with the right infrastructure to perform platform operations. Thanks for review.
The native AZ token will be the fuel of smart contracts that are being created within the platform.