It is a crowdfunding project. This kind of concept in business is very new. It will increase the demand for different community projects. Cryptocurrency is a modern concept of business, but it is not necessary for the initiators of the project to know the idea. There is a relaxation in paying the tax for the donors. Projects which are visible socially can increase the reputation.
Purchasing of tokens and maintaining the demand for currency is a big reason for the limitations of the crowdfunding of the project. The wages of the supervisor and the workers and even the materials are also coming from it. The supply of liquid tokens has been reduced by the company because of its lack of availability.
Earlier the wages of the workers were dependent on the hours they worked, but now USD system is also available. In this method, the half of the day’s income will be deposited in a pension fund. This service will reduce the supply of liquid tokens. It is a good initiative to increase the interest of the inventors and the workers also who is the most vulnerable part of the society.
- About Root Project a nonprofit powered by a very profitable cryptocurrency Laborless Crowdfunding 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. Cryptocurrency 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.
- Rates and Bonuses
Token ROOTS Platform Ethereum Type ERC20 Price in ICO 1 ROOTS = 0.0001 ETH
Pre-ICO 1 ETH = 10,000 ROOTS ICO 1 ETH = 15,000 ROOTS
Accepting ETH Soft cap 33,000,000 ROOTS Hard cap 2,000,000,000 ROOTS Raised Unknown
- Chris Place
- Dr. Nicholas Adams Judge
- Dr. Ashley Hooper
- Anton Kraminkin
- Development Director
- Zac Filan
- Principal Software Engineer
- Alex Bazhanau
- Principal Ethereum Engineer