SupPORTER BLOCKCHAIN : A Universal Donation Token, Reward and Incentive Program
supporter·@adelekejustin01·
0.000 HBDSupPORTER BLOCKCHAIN : A Universal Donation Token, Reward and Incentive Program
 Good day everyone,i would be writing on the SupPORTER BLOCKCHAIN like i introduced the last time,click on this link in order to have an overview of it https://steemit.com/supporter/@adelekejustin01/introduction-to-supporter-a-universal-donation-token-reward-and-incentive-program .Today i would be writing further on the following; *HOW IT WORKS *WHY THEY WILL SUCCEED? *SupPORTER TOKEN HOW IT WORKS SupPorter will be the world’s first Blockchain-enabled Smart Donation Processing System, for Political Campaigns and Nonprofits. Organizations will sign up with SupPorter at no cost, which will allow them to accept, deploy and track both FIAT (ex US Dollars) and Digital Currency (ex Bitcoin). The SupPorter Token will function as a medium of exchange on this network, and offer a variety of specific benefits such as quick/cheap currency conversions, donation tracking, condition giving, gamification and lowered fees. These digital donations will be processed in a decentralized manner via the open, secured, Ethereum Blockchain, and without the need for a centralized intermediary such as a bank. This alone is expected to give an instant bump to an organization's bottom line by saving them 3-5% on processing fees. Donations will be automatically recorded on the Distributed Ledger, and the use of Smart Contracts will give donors the ability to implement “Conditional Giving”. Meaning, donations can only be executed if certain requirements are met. This will provide donors with complete security knowing that their donation is being used as intended. SupPorter is also expected to radically simplify and automate the Year-end filing process. Data from the Distributed Ledger can easily be sorted, analyzed and inputted into financial reporting forms. Normally, money is simply a store of value and almost impossible to put into different categories. However, because SupPorter is a “Smart Processing” system, different money can be classified into different categories, and special algorithms can auto generate and complete financial reporting forms based on these categories. For example, IRS Form 990 is currently a huge headache for Nonprofits. This form is typically over 50 pages and can take a team of accountants weeks to complete. With SupPorter, this process could be completed in a matter of minutes. The beauty of SupPorter, is that donors don’t have to use cryptocurrencies. This is because donations, regardless of currency, can be seamlessly converted into SP Tokens on the front and back-end. This means they are not asking donors to change the way they have been supporting organizations for years. The SupPorter token will also have many other benefits/rewards to incentivize people to use our platform. In Summary: a. Transparency for Use of Funds and Automated Year End Filing via the Distributed Ledger. b. Instant Conversions and Conditional Giving via Smart Contracts. c. Low Processing Fees and Instant Settlements via the Blockchain. Because there is a fixed supply, the SP Token is designed to grow in value as more organizations start using their platform and demand for the SP Token increases. The donor feels better about giving, and the organization received more money that it can seamlessly accept, track and report. It’s a win-win. WHY THEY WILL SUCCEED ? 1.Founded by 4 Eagle Scout Brothers with extensive experience in the fundraising space 2.Impressive Core Team (including tech talent) and Advisory Board already in place 3.Has traction with a working Prototype, App and Website (BETA: www.supporterinc.com) 4.Early mover in a giant new market opportunity (aka little initial competition) 5.Fully registered with the SEC 6.Already has a network of clients 7.Product does not require the customers/investors to have any knowledge or understanding of how the blockchain works. SupPORTER TOKEN There will be total of 1 Billion pre-minted tokens. Out of this, 15% (150,000,000) tokens will be sold in the Pre-Sale and 30% (300,000,000) will be sold to the general public via an ICO (or “Token Generated Event”). An additional 5% will be set aside to offer Pre-Sale Investors extra tokens per a discount rate based on investment amount. Should this 5% not be fully allocated in the Pre-Sale, any remaining tokens will be allocated in the ICO. Each token is divisible by 6 decimal points. Proceeds from the Pre-Sale will be primarily used to ensure a successful, properly registered, safe and legal ICO. Proceeds from the ICO will be used to build out the network with the objective of increasing the utility of the SP Tokens distributed to investors. Funds from the ICO will be allocated per the below (however percentage allocations may change based on company needs and fundraising goals reached).   SupPorter ICO Their ICO will be held on the SupPorter Token Sale website (www.supporterinc.io) with a start date and specific details to be announced after gauging interest via the Pre-Sale. The initial token sale will be opened to the public and will last for 14-30 days, however dates may change if the company deems it beneficial. It is possible to take part in the token sale with only Ethereum (ETH) or Bitcoin (BTC). SEC Registration Their ICO is in full compliance and registered with the SEC, and they shall amend the terms of the ICO as required by any securities trading regulations now and in the future. THANKS FOR READING. To know more about this platform; visit the website: http://www.supporterinc.io/ join the telegram group: https://t.me/ICOSupPorterInc my bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=1070043 ANN/BOUNTY THREAD LINK: https://bitcointalk.org/index.php?topic=4088792.0 facebook link: https://www.facebook.com/SupPorterInc twitter link: https://twitter.com/SupPorterInc