ROSCA funding also known as money circles are growing every day. FundChain is built to solve the problems in traditional crowdfunding and money circles. FundChain is built on blockchain and runs completely decentralized. Decentralization will eliminate the trust and absurdly high operating fee issues faced by ROSCA funding participants. The native AZT token will be the fuel of smart contracts that are being created within the platform.
AZ Internet formed.
FundChain idea started to take shape. Product base development begins. The company incorporated in the British Virgin Islands
Pre-alpha product is ready. First seed investment. The team is expanding.
Alpha goes through bug tests. The new product website is ready.
Private beta release scheduled on December. Cooperation with an external marketing agency. Whitepaper and token sale website will launch.
Whitepaper publishing in the first week of January. Full marketing campaign starts.
Closed beta MVP release of the application using Ethereum. KYC and registration to token sale begin.
Token sale begins alonside marketing
Fiat is integrated within the application.
FundChain application is running on blockchain without users having to interact with blockchain directly. Every circle or crowdfunding creates a new and unique smart contract using AZT Token as the fuel. The rules, conditions, and participants are immutably stamped on the blockchain as soon as the contract is created.
Every participant will be able to track the status of the circle of the funding transparently with the help of blockchain. The circle organizer will not be able to charge hidden fees to participants and crowdfunded business owners will have to spend the funding transparently.
Although FundChain will run on public Ethereum blockchain through smart contracts on the background, end users will not have to be educated about using blockchain thus everyone will be able to use the platform without entry barriers. Users will enjoy the safety and transparency provided by smart contracts without having to deal with learning how to use them.
Every single circle and funding will run through a unique smart contact. To create this smart contract, or to participate in these smart contracts either by funding or joining circles, will require AZT Token as the fee payment. Again, users won’t have to actually buy AZT Token as fees cut from their payments will automatically buy AZT Tokens from the open market.
We want to advance financial inclusion around the world with the help of the blockchain with a focus on decentralized finance methods which has a positive social impact on communities. The proven and successful methods for doing this already existed through money circles & crowdfunding but it was not perfect and had many flaws. So we decided to take it and make it better and more accessible.
FundChain has a social aspect. Users will be able to interact with each other and have public reputation profiles. Reviews left by other members in the circles you participated in rate your reputation profiles.
Blockchain is immutable. Every transaction on FundChain will be stamped on smart contracts forever. Smart contracts will take the demanded parameters from peers and automatically function behind the interface with their ultimate purpose being to preserve the rights of each participant.
AZ fundchain could bring an unbiased balance and financial freedom to everyone and anyone in the most transparent and safe way. We provide a transparent and unalterable base for all the interactions within the community using blockchain without serving for the interests of a particular group or individual.
Fundraising platforms due to redundant geographic and regulatory restrictions, these platforms are inaccessible to most of the world. We intend to change that and make it the most accessible and transparent platform. The AZ Fundchain app is available on iOS and Android, making it accessible worldwide bringing down the regional barriers.
The product we are building is a donor curated fundraising application that accepts donations in cryptocurrency. We have two processes for raising funds. One is a public-based crowdfunding and the other is a private ROSCA-based funding (more commonly known as “money circles”). We help you invest ethically and support promising projects and individuals.
AZT Token will be the fuel of FundChain platform. Every transaction will create demand for AZT Token in open market.
1 AZT Token = $0.60 USD
Total supply of AZT Token: 30,000,000 AZT
AZT for sale: 8,33% (2,500,000 AZT)
Soft Cap : $800,000 USD
Hard Cap: $1,500,000 USD
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