CRYPTOKID: FairEco (FECO): Blockchain Based Crowdfunding & Lending Platform

This is the era of blockchain and crowdfunding. This is the era of disruption. The emerging crypto market is comprised of a new and distinct set of investors and entrepreneurs. A new economic ecosystem has surfaced, causing substantial disruptions to the traditional payment services and banking industry.

Revolutionary digital assets like BTC, ETH, XRP (and many others) are generating new archetypes for financial transactions and creating alternate channels of wealth. In late February 2018, in the firm’s 10-K filed with the SEC, Bank of America admitted that cryptocurrencies were “a threat to its business model.” This was not untrue. Intermediaries, banks, and payment service providers are scrambling to keep pace. But this is not to say that they will accept defeat. In fact, many of the major U.S. powerhouses of traditional finance and banking have already begun to utilize distributed ledger technology and incorporating blockchain into their financial systems.

This is essentially how security tokens/electronic keys would be leveraged to allow informational access to only specific users within in a particular block. By as early as January 2018, Bank of America had already applied for/received, at least 43 blockchain related patents. Blockchain is a big deal, there’s no denying it. Blockchain is the art of permanently and securely recording a limitless amount of transactions in impenetrable cryptic blocks of algorithmic fun, with a wide range of variables and alternatives providing opportunities for customization. Bitcoin, for example, utilizes DLT by enabling its user to bypass the middleman and engage directly with other parties.

Introducing a safe and fair Crowndfunding on Earth, FairEco platform, a Crowdfunding platform built on Blockchain technology. With the idea of Transparency as no centralized wallet in the platform. What is FairEco? Let's find it out in this brief blog post.

About FairEco

FairEco is a crowdfunding platform leveraging the blockchain technology is designed and engineered to be a platform for makers with innovative ideas to offer their products and services and also provide an appropriate margin for backers to support the project at the reasonable amount of the investment. FairEco also enables backers who support the project to have an opportunity to confirm with the maker for their executions of the project that they have invested from the start until the project complete. Contract in FairEco is solely for Backer and Maker, not any intermediary. FairEco platform protects Backer fund and reduces any financial and project execution risk to the acceptable level.

FairEco is a group of passionate people believe in Crowdfunding that really make the world move and would like to share our concept in designing the decentralized crowdfunding platform, FairEco, trusted and fair financing for the community. The powerful platform for Makers raising fund and unleasing true potential and the safe place for Backers contributing to the community confidentially and delivering the impact together.

FairEco Features

FairEco platform will provide several features, as described below:

Fair Contract

Contract in FairEco is solely for Backer and Maker, not any intermediary. The platform commits to maintain none of central wallet.

FairEco platform is built for the community, for people who believe in Crowdfunding that really make the impact.

Project Payment

FairEco platform adds project payment policy to govern project execution mechanism providing an opportunity for Backers to approve or deny payment in each payment period to ensure the project execution remains under control.

FairEco platform protects Backer fund and reduces any financial and project execution risk to the acceptable level.

Veto Vote

With project payment policy in the contract enable Backer to control project payment. Backer is able to stop any projects that cannot operate as planned, delay in delivery, or likely to terminate while keeping the good one executing until its end.

The ability to control project payment makes FairEco platform fair enough for everyone.

FairEco Benefits

FairEco platform offers numerous benefits including:

Transparency

All transactions can be examined transparently as all information is available on Blockchain. The platform also maintain no central wallet policy to ensure platform's transparency.

Trust

FairEco truly believe in Crowdfunding that shape the world in better way and allow great minds collaborating together to deliver the awesome thing to the community. FairEco builds this platform purposely to limit any fraudulent activities while enable the good one to continue their execution until project complete.

Assurance

All backers bear low risk of investment as standard controls put in place to mitigate any project execution risks to the acceptable level protecting backers from losing all their investment money.

Moment

Because the platform is based on Cryptocurrency, the time needed for each transaction is significantly less. Withdrawal by makers and refunds to backers can be done instantly.

FECO Token

The FECO token will be used for transactions in FairEco ecosystem. The token will be derived in Ethereum standard ERC20. The total token supply is 60M FECO.

Token details

Ticker: FECO

Type: Utility-token

Additional Token Emission: No

Accepted Currencies: ETH

Token Sale

ICO token supply: 39,000,000

Token Pre-Sale Price: 1 ETH = 1,300 FECO

Token Public Price: 1 ETH = 1,000 FECO

Soft Cap: 10,000 ETH

Hard Cap: 30,000 ETH

Minimum Investment: 0.3 ETH