Fundition

Fundition is a next-generation, decentralized, peer-to-peer crowdfunding and collaboration platform, built on the Steem blockchain. Our aim is to replace old centralized models (such as Kickstarter, Indiegogo, Patreon, or GoFundMe), and offer a way for individuals and organizations to either fundraise for, or give to meaningful projects. The Fundition platform gives users many benefits, including access to the large base of Steem apps users, which is growing exponentially each month, and merit-based upvotes within that system that translate into real currency. Backers are also rewarded for giving, and the gamification within our platform will provide interaction and a revenue stream for all involved parties (no matter how small). One of our core goals at Fundition is to continually improve this platform, and we will be rolling out new features that we believe benefit all users of the platform. For example, one of our features is to allow backers to donate in such a way that funds are released throughout a project’s lifespan (via regular heartpower upvotes).

Meet wih Fundition


Taxes And Fees
On traditional crowdfunding platforms, founders normally only receive 60 to 80% of the funds they have raised. Fundition changes that.
Each traditional crowdfunding platform collects fees on projects, for (only) the use of their platform and software. They rarely provide technical assistance, but collect a substantial percentage of the project’s funding. Fundition is different; we DO NOT take a fee. How are we able to do this? We rely on our own Proof of Merit system (see below), which runs on the Steem blockchain, and does not ever cost a single cent for the founder.
In addition to the fees paid to each traditional crowdfunding corporation, founders must pay substantial taxes to the centralized government tax office within which their project is geolocated. BECAUSE OF A LACK OF PROPER GUIDANCE from traditional crowdfunding companies, founders often ask for too little funding to cover both costs and taxes. This results in still more broken promises for backers, and failed projects for founders.


Advantages Of Fundition Compared To Other Platforms
- 0% fees for donations as Fundition backers (as accountholder of a complimentary Steem account) vs. 5%-15% fees on other platforms.
- 0% fees for support as Fundition founders (as accountholder of a complimentary Steem account) vs. 3+% fees for other platforms.
- Backers can purchase HeartPower instantly, and use it to back multiple projects over a lifetime span.

Goals
Fostering decentralized funding
Allowing for simpler collaboration
Diversifying crowdfunding
Releasing exclusive features

Mission
Our mission is to disrupt traditional crowdfunding models for the benefit of all stakeholders, leading to a larger number of inventive projects that will impact the world in meaningful ways.

What Is The Steem Blockchain?
Steem is a blockchain-based rewards platform, upon which users are able to monetize their content, and grow their community. It is also a next-generation blockchain, uniquely designed to run real-time applications with near instant, fee-less transactions. Steem has been battled-tested since 2016, and has the capability of processing more transactions per second than Bitcoin and Ethereum combined. We invite everyone to read the bluepaper describing Steem.

Why Did We Choose Steem?
Steem is a rewards-based blockchain, which enables Fundition to mirror the same. T he STEEM token, which is the “coin” (currency) for the entire Steem blockchain ecosystem, is distributed to the most valuable contributors by "upvote" and "like"-based algorithms. (STEEM is a tradable token that is easily exchanged into other cryptocurrencies and therefore into fiat currency.) This token can be integrated with websites in order to motivate participation between application owners and community members, in order to spur growth. Steem is cost-free for all users and developers, while other blockchains always ask for fees (even for small transactions). Additionally, with an average of 1.6 million transactions per day, the Steem blockchain has proven its scalability, currently using only 0.13% of its total capacity, while most other blockchains cannot yet achieve half that figure.

FOUNDER BENEFITS
All founders on the Fundition platform have a common desire to fund their projects. However, these projects can be very different: music recordings, books, cutting-edge technology, or a fundraiser for a local sports team or charity. No matter what the project, the overall benefits of Fundition will be significant:
- Fundition is built on the Steem blockchain, and has immediate access to the users on that platform (currently 2 million, and growing).
- All donations will be available within the founder’s Steem or CoinBase account within 0-7 days, with no complications, fees, or intermediary (if they create a free Steem account). The funds come directly from the backer or from the Steem blockchain.
- Fundition is a benefit-based corporation, and does not take profit from your transactions.
- Support is complimentary for holders of a free Steem account.
- There is a direct peer-to-peer link to ALL backers.
- Founders can be featured by the Fundition account, which leads to additional exposure and interest.
- Fundition donations are the gift that keeps on giving (literally). Steem account holders may opt to give a “heartpower” donation that will give micro-donations of Steem on every piece of content posted by the project.
- Fundition project posts, as part of the Steem blockchain, will gain the attention of large account holders (whales or dolphins), and those users will support posts that are already successful on the blockchain.
- Participating in the first decentralized crowdfunding platform can be part of the story, and assist getting you into the media.
- Be an early adopter on a platform that will get a great deal of attention in coming years. Traditionally, early adopters of such platforms gain more visibility and support than the projects that enter the ecosystem once it is saturated.

PurplePaper:https://purplepaper.fundition.io/
Twitter:https://twitter.com/funditionio
Steemit:https://steemit.com/@fundition
Discord:https://discord.me/fundition