Hi, everyone. This time i would like to introduce an FairEco Project. Let’s get to the topic!

Trusted and Fair Financing for The Community

Safety and fairness is two important things that kind of hard to find lately in Crowdfunding. Some of projects failed to deliver products and services as state in their project plans, which effect to Backers who lost their investment and unable to request any refund from Makers due to its nature in Crowdfunding platform

Introducing a safe and fair Crowdfunding on Earth, FairEco platform, a Crowdfunding platform built on Blockchain technology. FairEco platform is designed to ensure that it is fair for EVERYONE who truly believe in Crowdfunding.

This platform will give Makers and Backers more benefits:

• With the idea of Transparency as no centralized wallet in the platform, with veto vote for Backers as the Investment Assurance and project management platform for Makers to ensure the Continuity of the project.
• As a powerful platform for Makers raising fund and unleashing true potential and the safe place for Backers contributing to the community confidentially and delivering the impact together.

The Challenges

Crowdfunding platforms enable creative minds to bring the best idea to life. In reality, however, it found that many projects in Crowdfunding communities are fraudulent intentionally, fail to deliver as promised and no protection for the money that goes in one shot. The reason why it fails is:

1. No Project Execution Control — mostly, once such project raised funds successfully, there is NO control over project deliverable as Makers have the full authority in the project.

2. All or Nothing — All the raising fund goes to Makers in one shot, making Backers no chance to protect their investment and allow project creator not deliver the products or services as planned.

About FairEco Platform
Because of above issues, FairEco has fundraising platform for Crowdfunding on Blockchain technology that aim to mitigate project execution risk as well as financial risk with no central wallet maintained, periodic project payment, and veto vote supporting for Backers.

Fair Contract

Contract of the projects in FairEco platform is a contract only for Backers and Makers. The platform has none of wallet that store money for any related parties. Platform role is to help facilitating the parties in the platform in creating contract that able to define project payment policy and provide opportunity for Backers to approve or deny payment to ensure the project execution remains under control.

Project Payment

FairEco platform adds project payment policy to govern project execution mechanism providing an opportunity for Backers to approve or deny payment. It also protects Backer fund and reduces any financial and project execution risk to the acceptable level.

Veto Vote

FairEco Platform is able to define payment policy within the projects and utilize such policies as a tool in reducing risk of Backers. Backers could vote to stop paying investment fund to project, if that projects indicate that they cannot operate as plan, for worse, terminate the projects.

FairEco Platform Benefit

• Transparency — All transactions can be examined transparently as all information is available on Blockchain.
• Trust — to limit any fraudulent activities while enable the good one to continue their execution until project complete.
• Assurance — protecting backers from losing all their investment money
• Moment — Withdrawal by makers and refunds to backers can be done instantly

FairEco Token (FECO)

For crowdsale, FairEco invite you that believe in this project to participate in the initiative and buy the FECO token. Out of the 60,000,000 FECO token issued, 65% will be made available during crowdSale.

Token Detail

Soft Cap: 10,000 ETH
Hard Cap: 30,000 ETH
ERC20 Token Symbol: FECO
Total Token Supply: 60M FECO
Total Token For Sale: 39M FECO
Token Pre-Sale Price: 1 ETH = 1,300 FECO
Token Public Price: 1 ETH = 1,000 FECO
Minimum Individual Cap: 0.3 ETH
Maximum Individual Cap 20 ETH

Token Allocation

Use of Proceeds

Roadmap

July 2018
FairEco Launch
Q4 2018
FairEco Platform Proof of Concept
The FairEco platform proof of concept has been developed including but not limited to maker and backer main functions, request withdrawal and consensus veto to abort the wire transfer. Security, performance and quality assurance processes are conducted intensively.
Q1 — Q2 2019
FairEco Platform Review
Invitation of system testing has been released iteratively. The FairEco platform features have been added and developed continuously based on feedback from the testing.
Q3 2019
FairEco Platform for Maker and Backer
Announcement of fully functional FairEco platform for the community. Backer’s wallet can be utilized to support maker’s projects. Funding of project can be aborted based on backer’s veto. We want to create the fair crowdfunding for everyone.

For more information about FairEco , please visit following link:

Website: https://faireco.io/

Whitepaper: https://faireco.io/static/reading/faireco-wp-r1-20180630.pdf

Twitter: https://twitter.com/@faireco_io

Medium: https://medium.com/@faireco

Telegram: https://t.me/faireco_io

Bitcointalk Username: adityoaulia

Bitcointalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=2373749