More Info About ICO
|ICO Name||AZ FundChain|
|Start Date||March 01, 2019|
|End Date||March 31, 2019|
|Country||British Virgin Islands|
ROSCA funding (money circles) is an extremely popular way of private funding. Although they are becoming more popular every single day, the traditional way of organizing the circle which is mostly done through private networks set a barrier for honest people looking for funding without interest to access them. Money circle organizers, at the same time, are not always entirely transparent and in some cases, if the organizer is an institution the fees may go up to 5% from all the money being transferred within the circle. Crowdfunding, mostly because of legal barriers are not easily accessible by small business owners which are looking for funding. At the same time, the household economy doesn’t have access nor desire to fund these businesses mainly because of accessibility and trust issues.
FundChain is an accessible, transparent and reliable money circle and crowdfunding application running on completely on blockchain. FundChain aims to become the trusted application for the money circles that are popular but done in traditional ways with being accessible to anyone that uses a mobile application. Although ROSCA funding (money circles) are mostly done through private circles, FundChain will also provide a social aspect which would allow participants to have reputation, background, and feedback that would allow the organizer of the circle to evaluate and accept regardless of that person being previously unknown to the organizer. FundChain, through its crowdfunding feature, will enable small business owners to meet with household investors. The crowdfunding process will be completely transparent. Investors will be able to follow the progress with their investment. Users will be able to join to money circles or invest in businesses through the FundChain application using fiat or cryptocurrencies. FundChain, with its user-friendly interface and transparent system, will solve trust problems involving traditional money circles and crowdfunding.
|Price||0.6300 USD||Sale||11,700,000||Payment Mode||ETH|
|Minimum Investment||10 USD||Distribution||39%||Raised||N/A|
|Soft Cap||5,000,000 USD||Hard Cap||7,000,000 USD|