A crypto currency to change the world and eradicate poverty.

RootProject, a non-profit organization, together with its crypto currency, the ROOTS token, are explained. Recent innovations in urban public policies, a new crypto currency and a new collective financing model come together to provide a powerful model for valuing cryptographic assets and aligning interests between investors and participants. This is a model that can be extended to most sectors. In this example, the interests of investors and the weakest of society are harmonized by generating the first crypto currency encrypted in the world that receives tax subsidies.
The supply of currency is restricted to a maximum limit. The monetary-institutional system is designed so that the demand for foreign currency generates rapid and long-term growth, as well as a constant and constant reduction in the supply of currencies. Institutions and individuals can create collective financing projects that improve their reputation with a minimum amount of work and receive important tax withholdings for it. Donations to projects directly increase the demand for token. Additionally, a part of the salary is sent to an intelligent agreement similar to a medium-term pension fund contract, which promotes the systemic and long-term reduction of the net token supply.
Sophisticated machine learning and real-time data advertising are used to provide the ROOTS token with the expected return on costs convenient to large companies with diversified investment portfolios. This novelty is also universalizable in most crypto currencies. If it is widely approved, it would greatly accelerate the creation of values in the cryptographic asset space.

Introduction

It has been argued elsewhere that cryptographic currencies will create a more egalitarian society: decentralizing administration and creating financial mobility, and people on the edge of society would ultimately benefit. For a person who does not have a laptop or basic education, or who lives without a reliable house, that's just a little academic argument.

It seems that a crypto currency can right now reorder the fight against poverty. In reality, the more profitable our crypto currency is for investors, the better it will be to reduce poverty. The good design of the currency and the non-profit entity that manages it will harmonize the interests of investors and those who live in extreme poverty. The more money investors earn, the more people are pulled out of poverty and the more nonprofit grows. The more the nonprofit grows, the more the currency is appreciated.

It is worth taking a step back and taking into account the historical importance of harmonizing the interests of rich and weaker investors in society. The potential to do so comes from a mix of a novel type of crowdsourcing and a crypto currency, a type of model that we believe will change much of the economy.

It is not a conception of idealism that aspires that the good intentions of the population are vaguely fed imprecisely of the symbolic demand. It would be a cryptocurrency and a concomitant system designed to generate in a concrete way an asset that is appreciated reliably.

The supply of currency is strictly limited to a fixed cap. The Monetary-Institutional System has been designed to generate an accelerated and long-term growth in the demand for currency, as well as a permanent and recurrent reduction in the supply of currencies. People, neighbors and large institutions will be able to create crowd-funded projects that improve their reputation with a minimum amount of work - and receive important tax deductions for doing so. The contributions to the programs increase the symbolic demand directly and, through the salaries that are sent to the pension funds of the employees, they encourage a long-term and systemic reduction of the offer of tokens.
However, the most important thing is that it is a powerful transformation model, almost as good for the crypto currency community as it is for those who help the nonprofit organization.

The threat of impending regulation

Everyone in the crypto-currency community knows that at some point the US government will intervene, potentially with drastic regulatory actions. This ICO in particular is protected against this. It is considered a non-profit collective investment project and without participation in the social capital; no surplus value or control is given, a product similar to goodwill is not sold.
Let's think more about the community, however: What would you like the public face of crypto-currencies to be when regulators begin to act: a set of blogs that are inaccessible to the big consumer (voter), or the population of the street, wearing a bright shirt with the logo of a coin, working for the community to improve and give real help to people who suffer?

How does it work

RootProject es una herramienta de dos caras. La primera cara es una gran plataforma de financiamiento para los proyectos locales. El usuario puede descargar la aplicación o ir al sitio web para comenzar un nuevo proyecto. El primer diseño de Mobile First le permitirá plantear un nuevo proyecto - por decir... un jardín de pared en el edificio orientado a la calle - mientras está caminando a casa. Se introduce un presupuesto, ubicación, imágenes de Antes y Después y una pequeña descripción.
El usuario entonces dona la suma del proyecto o hace una primera donación. Si ella no cubre el mismo presupuesto, entonces empieza una campaña de financiamiento popular tradicional.
Se recibirán donaciones y en un plazo de treinta días se alcanzará el límite mínimo o se reembolsarán los fondos. Una vez que se alcanza el umbral, el proyecto se vuelve a examinar y a confirmar. Si es preciso, se le notifica al fundador del proyecto que el estado o las partes apropiadas necesitan permisos u otros permisos legales.
El proyecto cuenta con un presupuesto total del 87% de los donativos. El 3% está destinado a la tarjeta de crédito y a los gastos de gestión, el 10% se reserva para la compra de tokens ROOTS en el mercado libre, aumentando la demanda de tokens. El 87% es un porcentaje de gastos en los proyectos superior al que la mayor parte de las organizaciones benéficas son capaces de realizar, y en consonancia con las organizaciones internacionales más destacadas.
When everything has been confirmed and prepared, RootProject assigns you a project foreman - employee or paid contractor - and a budget for materials, tools and labor, with the purpose of employing a team that can complete the work in a day, if it is reasonable. A work start date and a meeting point are assigned.

The platform

Attendees will choose between the following projects, scheduling the projects in their calendar or reserving a place for that day. Other employees will be hired through a program. We will collaborate with city, state and nonprofit officials where appropriate to decrease the cost of worker recruitment.
Throughout the day, the meeting with the workers will be used as an opportunity to offer services and basic goods carefully.

Social workers trained to engage with populations at risk and very helpless. Give examples of goods and services that will be offered: t-shirts and sunscreens, or winter clothing; advice on housing options and medical care centers.
Social workers trained to engage with populations at risk and very helpless. Give examples of goods and services that will be offered: t-shirts and sunscreens, or winter clothing; advice on housing options and health care centers.

At the end of the day's work, the photos are taken "after". If the work is finished, the project promoter is called to sign the contract together with the work manager.
In one hour, the payment will be made to the worker's phone. About two-thirds of the compensation will be in days of salary, whether the minimum wage or slightly higher, which is appropriate for the market. These funds will be placed, in the form of a token, in the client's medium-term "pension fund", in addition to the salaries in USD, 50% of the income obtained.
The mid-term "pension fund" will encourage savings and align the interests of workers and investors, since both will enjoy the benefit of a symbolic bonus. Employees will accumulate funds to help pay for housing and get back on their feet, investors will enjoy the reduced supply of tokens.
In general, experts in development and in the fight against poverty advise increasing the allocation of funds, instead of disbursing a lump sum.
For more details, see https://www.rootproject.co/crowdfunding/ico/files/WhitePaper.pdf

Easy to use

As a corollary to the collective financing model without the need for labor, a mobile-first and easy-to-use method is designed to encourage spontaneous fund-raising activities: you see something in the community that needs improvement, and you establish a collective financing campaign in three to five minutes on someone's phone. The geolocation labels will give each of the people of a neighbor the possibility of knowing a new project. If the person chooses to send notifications, they can find out about a project that is currently being financed on a large scale while walking through their area.

Token emission

During the ICO campaign, ten billion ERC20 chips will be created in the Ethereum BLOCKCHAIN. No more ROOTS will be created.
In order to finance the initial operations, RootProject will start its ICO on August 7, selling 20% of the total offer to the participants in the massive sales. Its duration will be 30 days or until the sale of two billion ROOTS, whatever the period of time is shorter. Each ROOTS are sold by. 001 from ether, approximately $. 0259 USD, which means that the effective cap for the sale of the crowd is approximately $ 45,000,000 - $ 50,000,000 USD.

The tokens will be redeemable within 3 weeks of the completion of the ICO.
Pre-ICO
In order to obtain funds for the acquisition of initial contracts, legal incorporation in Switzerland and other expenses that are necessary, RootProject will make a pre-ICO limited on July 10, 2017. A maximum limit of $ 300,000 will be imposed USD.
The investors in the pre-ICO will enjoy a 50% bonus on the ICO rate. For example, an acquisition of one million ROOTS during the prelude will give the investor 1.5 million ROOTS.

About the Token and ICO
Symbol: ROOTS
Date of the ICO: January 2018
ICO price: 0.0001 ETH for ROOTS
Use of the funds

The funds of the pre-ICO will be allocated to the expansion of the development team, the formation of statutes in Switzerland and the United States, the termination of options for the pilot cities, the beginning of the disclosure of the massive funding to the relevant networks of large donors and the creation of promotional material for ICO itself.
After the ICO, a larger team of developers will be employed, along with a Technical Director and a Director of Operations, whose initial objective will be to develop the field activities in the pilot cities. Teams of basic technicians will be set up around a central office in New York or Boston, and more cost-effective teams will be set up in leading technical talent centers in Europe. The choice of the headquarters will be based on the acceptance of local policy makers.
The nonprofit workplace staff will be assigned to 3-5 pilot cities, depending on the ICO's final resources and the local acceptance of nonprofit organizations and policy makers. Initial staffing costs will involve teams of four people and will expand rapidly as local projects funded by public funds create a salary offer. The first municipal teams will have the intervention of a senior organizer of local political groups or non-profit organizations, a general administrator, a project director and a community extension coordinator, donor and volunteer.
Academic aids will be managed as a cost-effective way to bring competent experts into a more active role in leadership and program design. In the same way, small community donations will be used to create networks of related organizations and take advantage of their preexisting capacities, labor and social capital in the community.

Equipment

DR. NICHOLAS ADAMS JUDGE Co-founder
CHRIS PLACE: Co-founder
ZAC FILAN: Senior Software Engineer
ANTON KRAMINKIN: Development Director
DR. ASHLEY HOOPER: Counselor
ALEX BAZHANAU: Ethereum Principal Engineer
MARK STREETER: Responsible for Inverores

Links of interest