Fund Yourself Now (FYN) Crowdfunding using blockchain technology
WHAT IS FUND YOURSELF NOW?
The cryptocurrency crowdfunding market has grown explosively over the past few years, reaching 200 million in 2016. FundYourselfNow a simple platform to allow project creators/promoters to raise funds for their projects using cryptocurrencies without the need of technical knowledge.
Fund Yourself Now improves on traditional
crowdfunding sites by allowing more control once funds and distributed;
providing support/mentors and lowering transaction costs
FundYourselfNow is a revolutionary crowdfunding platform that aims to reinvent the crowdfunding industry, using the latest innovations in blockchain technologies and virtual currencies. Our product allows project creators to request for project help, funding and reward backers.
In the last few years, there has also been many virtual currency crowdfunding projects (also known as Initial Coin Offering (ICO)). In 2016, the largest crowdfunding project ever, “The DAO”, raised over 168 million USD in virtual currency.1 A total of 200 million USD was raised via ICO in 2016. Our main competitors are existing players in the crowdfunding space, with the biggest being Indiegogo and Kickstarter. Growth in the crowdfunding space has been explosive over the last few years and is projected to continue growing at 26% a year till 2020 2.
We are a passionate team of people aiming to make virtual currency crowdfunding more accessible to the masses.
Currently, ICO projects are manually created and our platform will facilitate this ICO process and make it as simple as possible. This will allow non-technical project creators to successfully seek funding for their projects.
We are looking to tackle 3 key problems faced by existing traditional crowdfunding platforms:
Lack of control once crowdfunded money is disbursed
In traditional crowdfunding, the backers have very little control over the project as the money is disbursed to the project creators at the end of the crowdfunding effort. When a project fails, most of the backers do not get anything back at all. We aim to implement a milestone based funding system, using bitcoin and ETH smart contracts. These smart contracts will come with a system where users can vote to delay, or stop further milestone payments in the event that project promises are not met, so that backers are protected partially. On the project creator’s end, they will need to deliver on their agreed milestone deliverables to get further funding
One reason why many crowdfunding projects fail to get funding or deliver on their promise is due to a lack of support or expert knowledge. One of the largest failures on Kickstarter is the ZANO Project3 and the main reason was because the project creators were not skilled enough or up to the task.
Many good crowdfunding projects also get put on hold or fail to get the required funding due to a lack of marketing support. For example, most of them would not have the budget or expertise to make good marketing video, do translations in different languages and promote their product on social media networks.
Our platform will allow project creators to seek project help from the community for their existing ideas/projects. Project helpers will be reward with Bounty credits, which can be exchanged for Project Tokens4, which are created during the project crowdfunding place. Project Tokens entitle backers to access the rewards listed on the project page. They will be tradable through our internal crypto currency exchange, so helpers can eventually convert their tokens to virtual currency and eventually actual cash if they wish to.
High Transactions Cost
Traditional crowdfunding platforms suffer from high payment transaction fees. A project creator on Kickstarter would typically have to pay up to 9% of the amount raised to Kickstarter after including the transfer fees (3-5%) and listing fees (5%).
On our platform, we are not charging any transfer fees and our platform will charge a 5% listing fee for each successful project fundraising. A typical $10000 project will have fees up to $900 on Kickstarter, but it will be about $500 on our platform, a significant 44% savings.
Easy Project Matching
The system has a friendly and easy to use interface, for project creators to post information on their projects. Potential backers will be able to browse through projects and filter them by the location and project type.
To ensure that only projects with a high probability of commercialization success are listed, the platform will be curating projects and perform identity verification where necessary.
Request Project Help
Our platform will allow project creators to seek project help from our very own community of professionals with specialized skillsets.
For projects in the initial stage (pre-funding), project creators can list their project ideas and seek help from the community. Help can be in the form of marketing support, expert advice, or even getting the community to rate and provide feedback on the idea. Helpers will be rewarded with Bounty Credits, which can be exchanged Project Tokens that are created during the project crowdfunding place.
Project Tokens will be tradable through our internal crypto currency exchange, so helpers can eventually convert their tokens to virtual currency and eventually actual cash. This is similar to the Bounty programs offered by recent ICO projects, where the ICO tokens were given to reward helpers for their efforts.
Smart Contracts, Milestone Payments and Voting
Our platform will utilize smart contracts to hold the virtual currency collected and perform the disbursement of the collected money and project tokens automatically, without any coding knowledge required. Optional delivery milestones can be added to the contract, and backers will have power to delay or prevent disbursement of the money if targets are not met.
Project creators create projects just like in Kickstarter, but besides backing physical goods and services, project creators here can raise funds for ideas and startups and offer other rewards such dividend payouts or profit sharing based on token usage.
A project can be created with a scheduled list of deliverables, where backers will hold the project creators accountable to their schedule and timeline. When a project is funded, voting tokens are created in proportion to the amount backed by each supporter, who can then approve or reject the next tranche of funding to the project creators. This would be an improvement on the all-or-nothing funding model that traditional Kickstarter/Indiegogo projects provide.
Optional milestone based payments can be implemented and controlled by voting tokens. A supermajority (60%) “NO” vote is required to delay or block payment.
On a successful vote to block the release of the next payment tranche, the amount left in the project will be refunded in proportion to the voting tokens held by the backers. If the backer is in the minority, he may choose to divest his voting tokens through the internal marketplace. Each backer will have voting power proportional to the project tokens they own.
The initial currency for the smart contract we are supporting will be Ethereum. Running the platform on Ethereum makes the entire process open and auditable at any time, as well as cutting down costs by automating and securing major portions of the database. Support for Bitcoin will be implemented via rootstock technology in the future (rsk.co), which is currently under development.
The marketplace will have 2 main purposes:
The platform will allow users to trade Item Tokens/Rewards that have been created during the funding process. Users can post up their trade request and other users will be able trade for it via Bitcoin/Ethereum, cash or other tokens. Besides the internal marketplace, Project Tokens can be traded on external marketplaces, such as https://liqui.io.
In the later stages of development, we are looking at building a marketplace that allow projects to hedge against ETH currency fluctuations via conversion to stablecoins, such as Dai, DGX or Santador fiat tokens. This will ensure that projects with milestone payments are not subjected to major currency fluctuations which will impact the project cashflow.
Web Wallet, Crypto-currency Conversion and Cash Support
To make it as easy as possible for the users, we will develop an open wallet which will facilitate voting and other token management functionalities. This would provide a gentle onboarding for fresh crypto-currency users, who can take over full control anytime by exporting the wallet to their
own node or hardware wallet. Existing solutions, e.g. using Mist or Metamask (for ethereum) often present a steep learning curve for new adopters. Such functions do not currently even exist yet for bitcoin.
As the platform only accepts Ethereum investment and later Bitcoin (via rootstock) in the projects, we will work with existing crypto-currency and Bitcoin exchanges, e.g. Shapeshift and Coin base. This will allow users to convert the money easily to cash or other cryptocurrency.
Social Ratings & Review
The platform will come with advanced social features. Users will be able to leave comments and participate in discussion with the project community. Project token holders will be able to rate the project owners and leave their reviews for the project creator. This will ensure that before backing any project, users will be able to get a detailed picture of what they are backing.
WHY CHOOSE FYN?
Development and Campaign Milestones
Rewards for investors of FundYourselfNow
FundYourselfNow (FYN) will be issuing 10,000,000 FYN tokens. 100 tokens will be sold at the price of 1 Ether (50 USD as of 24th April 17). The ICO crowdsale will be done via Ethereum smart contract.
Note that we are looking to raise a minimum amount of $1.5million USD, determined at the end of the funding window.
Based on the above, the cap on total funding quantum is approximately 5 million USD. Unsold tokens will be kept and reserved for future crowd-sales, to raise additional funding going forward as part of FYN’s expansion plans.
FYN Token holders will be entitled to a cut of the transaction fees collected by the platform, starting at 20% in YR 1 and gradually tapering off to 5% after YR 6. The total fees collected will be
distributed proportionately amongst all token holders.
To illustrate the return on investment (ROI) for investors, an example is shown below. This example assumes that FYN captures 10% of the overall ICO market which is (worth 200 million USD as of 2016) in our
first year of operation.
If we raise 2 million USD, then investors will get their money back by year 4. (20% ROI) If 5 million USD is raised, investors can expect to get their money back by the seventh year. (11% ROI)
We have structured the rewards so that it is realistic from a business standpoint, yet attractive and fair to the investors. The typical estimated ROI for ICOs with a revenue share model ranges from anywhere between 10% to 20%(Refer to ROI for Chronobank ICOROI for vDice ICO).
To ensure sustained growth and profit generation for FYN, the rewards are structured so that part of the profits will be reinvested back into the platform to enhance product development. This will help increase the amount of funding raised through attracting more backers for the projects.
Backers will also get discounts on the platform fee (when it launches) based on their the amount of tokens purchased.
10 Tokens – 10% discount 100 Tokens– 30% Discount 1000 Tokens– 50% Discount
The discount will be tied to the email address that was used to purchase the tokens invested during the ICO and it is non-transferable.
We welcome investors looking for a high ROI to participate in our ICO. At FYN, we value investor’s confidence and trust in our vision for the FYN platform.
To show our appreciation, early investors within the first 2 weeks of our ICO launch will receive additional 20% early bird token bonus for every token purchased.
FundYourself Now Bounty Programs
You can now earn FYN Tokens by participating in any of our following bounty campaigns! To participate in the bounty program, you must sign up at our ico website and provide us with the email address used during the signup.
We will reserve 3% of the tokens (300,000 tokens), for the bounty program, which will be distributed to everyone supporting FYN before and during the crowdsale. For each activity, every participant will be given a stake reward. The final tokens that each participant will obtain is calculated using the following formula:
Participant Stake/Total Stake * Tokens available for activity
The Crowdsale price for FYN token: 100 FYN Token = 1 ETH
DETAILS OF BOUNTY DISTRIBUTION
Newsletter Subscribers (5%)
Sign up to our newsletter at www.fundyourselfnow.com and receive FundYourselfNow favourite stories and helpful information. The tokens will be distributed evenly to those who have signed up before the ICO has started. Multiple registrations from the same computer or IP address will be BANNED from the bounty program without any warning!
Portal Link: www.fundyourselfnow.com/ico/public
Blogs & News Article (25%)
We’ll distribute tokens for blogs posts and written news articles. Blog posts and news articles can be published anywhere on the internet and must be publicly accessible. Medium.com is a good platform to publish articles that are written. Articles must be written in either english or chinese language.
A blog that counts for Blog bounties must:
- Have 1,000 characters or more without spaces
- Contain at least 2 links to ww.fundyourselfnow.com and have unique content
(Translations from bitcointalk forum posts do not count)
Blogs will be reviewed for quality and effort. Accepted articles will be rewarded as follows:
· 10 stakes for basic content,
· 30 stakes for good quality articles
· 60 stakes for high quality, well written articles
Once you write a Blog post, submit URL to: https://docs.google.com/forms/d/e/1FAIpQLSfdakxJCQ-hLYhT7CPdeLIEfeIzo7zxJQvwoXL50P9X6uFnqg/viewform?usp=sf_link
You can see a list of accepted Blog posts here: https://docs.google.com/spreadsheets/d/1-Uce_P-fjhUSzX9Kf-BRmCmfXcbm_2GsuXwbcjZrLkA/edit#gid=0
Website Translation (2%)
Website & Business Outline Translation
We are looking for professional translators to help with translating the content of our website and business outline. Interested translators please email [email protected] with a portfolio of prior professional translation work
Reward: 200 Stakes
Translations & Local Community Management (28%)
Bitcointalk Translation and community management
If our Bitcointalk forum post hasn’t been translated into your language yet, you are welcome to contribute with your own translation and earn a stake in return. Please email to [email protected] to confirm and reserve your translation. You will receive additional stakes for each post you get in the thread of your translation.
Translation: 100 stakes
Moderation: 5 stakes per post in your thread (account has to be 10 post count and above to qualify)
By submitting your own translation you will also get an invitation to our moderator’s telegram group in which we will help to answer questions from your local community.
Translators must also be able to manage their local communities and answer questions in translated ANN thread till the end of ICO
Facebook Likes (15%)
We will post FYN ICO updates and co-post every blog post on our Facebook page. You need to like our Facebook page and be registered on our ICO website for stakes to count.
Every “like” on the post counts, so be sure to join in to receive our Facebook bounty:
- Every post (text / image / video) like: 10 stakes
- Comment (at least 30 characters per comment): 20 stakes
- Public share of any post: 30 stakes
Register here at
Twitter Followers (10%)
We will also co-post articles on Twitter to share our latest insights and retweet our news to your groups, friends and followers.
Follow us on Twitter: 20 stakes per week
Every retweet (retweet or quote tweet) or mention:
- 10 stakes for under 300 followers
- 20 stakes for under 1000 followers
- 50 stakes for 1000 or more followers
You need to follow our twitter account and be registered on our ICO website for the stakes to count. Sign up for the twitter tracking will be via the ICO portal. The ico portal will be up in 1–2 weeks time.
Users found using bots to retweet or create facebook posts will be banned from the bounty program.
Signature & Avatar Campaign (15%)
Help us spread the word on FundYourselfNow and you will receive a stake every week! All you need to do is add our official signatures & avatar to your Bitcointalk profile. We will randomly check all our Signature & Avatar bounty participants once a week, to ensure long-time supporters receive an increased stake.
You need to make at least 10 posts a week in order for bounties to count.
· Legendary/Hero : 2 Stakes
· Sr./Full : 1.5 stakes
· Member: 1 Stake
· Jr. Member: 0.5 Stake
· Sign up and fill this form:
· You can check your applications’ status here (go to the signature campaign tab):
· Track your signature campaign stake reward here.
· Avatar Image Link
Signatures Campaign Code
[center][table][tr][td][center][font=Arial Black][size=32px][glow=#ff9145,2,300][color=#ff9145].[/color][b][color=#fff]FundYourselfNow[/color][color=#ff9145].[/color][/b][/glow][/size][/font] [/td]
[glow=#fdba11,2,300][color=#fdba11].[/color]★★ [url=http://fundyourselfnow.com][b]... O I N I C O N O W ![/color][/b][/url] ★★[color=#fdba11].[/color][/glow][/center][/td]
[table][tr][td][center][font=Arial Black][size=32px][b][color=#fdba11]Fund[/color][color=#ff9145]Yourself[/color][color=#fdba11]Now[/color][/b][/size][/font] [/td]
[td][center] [b][color=#fbbc8b]R[/color][color=#fdb47a]e[/color][color=#ffab69]v[/color][color=#feb04c]o[/color][color=#feb52e]l[/color][color=#fdba11]u[/color][color=#fea62b]t[/color][color=#ff9145]i[/color][color=#ff7c34]o[/color][color=#ff6624]n[/color][color=#ff5113]i[/color][color=#d1370a]z[/color][color=#a31d00]i[/color][color=#6f1502]n[/color][color=#3a0e04]g[/color] [color=#551203]C[/color][color=#a31d00]r[/color][color=#c22e06]o[/color][color=#e0400d]w[/color][color=#ff5113]d[/color][color=#ff712c]f[/color][color=#ff9145]u[/color][color=#fe9f34]n[/color][color=#feac22]d[/color][color=#fdba11]i[/color][color=#feb33d]n[/color][color=#ffab69]g[/color][/b]
★★ [url=http://fundyourselfnow.com][b]... O I N I C O N O W ![/color][/b][/url] ★★[/center] [/td]
[color=#ff7c00]█[/color][color=#fb9a39]█[/color][color=#f9b970]█[/color][color=#ff7c00]█[/color][color=#fb9a39]█[/color][color=#f9b970]█[/color][color=#ff7c00]█[/color][color=#fb9a39]█[/color][color=#f9b970]█[/color][color=#ff7c00]█[/color][color=#fb9a39]█[/color][color=#f9b970]█[/color] [font=Verdana][b][color=#fdba11]Fund[/color][color=#ff9145]Yourself[/color][color=#fdba11]Now[/color][/b][/font] [color=#fb9a39]█[/color][color=#f9b970]█[/color][color=#ff7c00]█[/color][color=#fb9a39]█[/color][color=#f9b970]█[/color][color=#ff7c00]█[/color][color=#fb9a39]█[/color][color=#f9b970]█[/color][color=#ff7c00]█[/color][color=#fb9a39]█[/color][color=#f9b970]█[/color][color=#ff7c00]█[/color]
[sub][color=#e75e00]Revolutionizing Crowdfunding[/color] ║ [url=http://fundyourselfnow.com][co... ICO NOW![/u][/color][/url][/sub]
░░░░░░░░░░░░░ [font=Verdana][b][color=#fdba11]Fund[/color][color=#ff9145]Yourself[/color][color=#fdba11]Now[/color][/b][/font] ░░░░░░░░░░░░░
░░░░░░░░░░░░░░░ [url=http://fundyourselfnow.com][co... ICO NOW![/u][/color][/url] ░░░░░░░░░░░░░░░
[center]░░░░░░░░░░░░ [url=http://fundyourselfnow.com]FundYourselfNow[/url] ░░░░░░░░░░░░░
★ Revolutionizing Crowdfunding ║ JOIN ICO NOW ★[/center]
Revolutionary Global Cryptocurrency Crowdfunding Platform, FundYourselfNow Set for Official Launch in Q1 2018
May 4, 2017, Singapore — An innovative smart contract based crowdfunding platform, www.FundYourselfNow.comwill be soon available to the global entrepreneurial community in the cryptocurrency sector. Designed to connect brilliant ideas with potential cryptocurrency investors, the platform will allow project creators to raise funds in Ethereum and Bitcoin (in future).
The year 2016 saw over $200 million worth of cryptocurrency investments raised though the ICO (Initial Coin Offering) process. But creating and launching an ICO campaign requires expert technical and marketing knowledge which may not be everyone’s forte. FundYourselfNow makes the whole process easier by enabling “project creators” to get their ideas funded by global backers. The project creators on FundYourselfNow will be able to create virtual tokens to offer unique customized rewards to the backers and helpers contributing towards the project. These tokens can also be traded or sold on the platform’s marketplace on a later date.
“With the recent mainstream acceptance of virtual currencies such as Bitcoin, we want to build an ecosystem that offers entrepreneurs an alternative funding raising platform for their product, with minimal technical and marketing knowledge.”
— Jack Ser, CEO of FundYourselfNow
FundYourselfNow is built over Ethereum platform, leveraging on its groundbreaking smart contract capabilities. As the platform gears up for the upcoming crowdsale, the FundYourselfNow team has already completed a significant portion of the development. They are also preparing to introduce Bitcoin support in the future via Rootstock.
The smart contracts on FundYourselfNow are designed to bring in accountability to the crowdfunding ecosystem. The milestone-based payment option allows backers to vote for stopping or delaying the payment and get their money back if the project fails to deliver on its promises. The mechanism solves a major problem currently faced by many traditional crowdfunding and crowdinvesting platforms like Kickstarter.
FundYourselfNow has successfully closed an initial seed funding round where angel investors led by Carlos Salas have invested in the platform. He is an accomplished businessman with directorship positions in multiple global companies and was recently chosen as the CEO of Success Dragon International, a Hong Kong-listed entity.
“We believe that FundYourselfNow addresses many existing problems in the traditional crowdfunding model such as accountability, high transaction costs and lack of project support. FundYourselfNow has capable people, process innovators and expert domain knowledge for successful execution.”
— Carlos Salas.
The initial seed fund will be utilized by FundYourselfNow to develop the platform further, enabling easy crowdfunding through virtual currencies while allowing users to seek assistance for their fundraising campaigns. The involvement of Carlos as an investor in the company validates FundYourselfNow’s value proposition, and it will go a long way in helping the platform bring virtual currency based crowdfunding to the masses.
In order to gain a separate legal status for the platform, Pinnacle Digital has acquired Caxton Worldwide Success Limited. Led by Pinnacle Digital’s team, FundYourselfNow will continue to raise funds and proceed with further development under the banner of Caxton Worldwide Success Limited.
The FundYourselfNow platform is due for release in Q1 2018. The platform has scheduled its upcoming ICO on June 2nd, 2017, offering an opportunity for investors to be a part of the new crowdfunding movement.
Founded in 2014, FundYourselfNow is being developed by Singapore-based Pinnacle Digital Pte Ltd. The revolutionary crowdfunding platform is designed using the latest in blockchain technology to ensure easy funding for project creators. It also brings in greater accountability for backers, along with expert advice from project helpers.
Pinnacle Digital’s team has deep expertise in software development. They have so far designed multiple web applications for clients from across the world.
About Pinnacle Digital
Pinnacle Digital is one of the leading technology services firms in Singapore and part of Pinnacle One Consultancy. The company caters to a long list of corporates, providing them web application services. Pinnacle Digital has recently acquired Caxton Worldwide Success Limited, a British Virgin Islands company. FundYourselfNow will soon start operating under the newly acquired company, led by the same old Pinnacle Digital team to earn a recognition of its own in the market.
Contact Name: Kenneth Tan Contact Email:[email protected] Location: Singapore
FundYourselfNow is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
Fund Yourself Now (FYN) Portal Launch & Updates [17th May 2017]
Greetings to all our supporters!
Firstly, we would like to thank you for having shown great interest and support for the FundYourselfNow project and the upcoming ICO. This week has been a brilliant one at FundYourselfNow, with social media buzzing, slack channels filled with great conversations, awesome exchange of ideas, Bounty programme enthusiasts pouring in their support to help us realise our vision. We sure feel great!
- Great Momentum on BitcoinTalk Translations Support.
- A quick shoutout to the early Bounty participants that helped us achieve 5+ Page translations in less than 10 days.
- And designers who have added colors and make us look good on the internet every passing day. We couldn’t have asked for more!
- The ICO portal is now up and running. We have more than 400 sign ups that have pre-registered for the ICO.
- Our BitcoinTalk has been read more than 5852 times by now. #GrowingUpFast!
- Thanks to all supporters, commenters and ideators on Twitter,Facebook , BitcoinTalk and Slack.
“In Transparency, We Trust.”
Planned Allocation for Funding Raised
The ETH in FYN crowdsale is planned to go into the following 3 main categories
- Research & Development (25%)
- Marketing and Business Devlopment (50%)
- Operations & Legal (25%)
We will be publishing in a few days, a detailed Medium post on what the above three areas of expenditures entails. Follow our medium account athttps:[email protected]..
ICO CROWDSALE Details
START 2nd June, 2017 at 14:00 UTC +8. END 31th July, 2017 17.00 UTC+8
1 ETH for 120 FYN Token (2nd June 2017–16th June 2017,14:00 UTC+8) [Early Bird Bonus]
1 ETH for 100 FYN Token (16th June 2017, 14:01 UTC+8–31th July 2017, 17:00 UTC+8)
Accepted currencies: ETH.
FYN tokens will be issued on the Ethereum platform as a smart contract. Locked FYN Tokens are distributed immediately to the sending address. You will need to create a wallet first atmyetherwallet.com. The tokens will be unlocked on 7th Aug 2017, a week after the ICO ends. Token supply will is fixed and there won’t be any inflation of FYN tokens. We are committed to protect our investors and our tokens/funding is capped to ensure investors get a reasonable return.
We have a minimum funding amount of 1.5million USD, calculated using ETH price as of end of ICO period. This will ensure that we are properly funded to bring our product to completion and execute a proper user acquisition campaign.
If we do not hit our minimum funding target, refund of the tokens will be executed via the smart contract. Tokens that are unsold will be transferred to a locked contract which will only be released when we perform a second ICO to raise additional capital down the line to grow the company.
- Token supply: 10 million
- Crowdsale: 8 million (80%)
- Early stage marketing and bounties: 300,000
- Advisors and initial supporters: 700,000
- Founders, Development Team and Future Employees: 1 million
There are many awesome weeks to follow and we sure will keep you informed!
If you have not joined our slack group yet, please do so at fundyourselfnowslack.herokuapp.com
Pre-register for our ICO at
FundYourselfNow ICO Starting 2th June
Greetings to all! My name is Kenneth and i’m the COO at FundYourselfNow
FundYoursSelfNow is a crytocurrency crowdfunding platform similar to WINGS. We want to make cryptocurrency crowdfunding as easy as possible for non-technical people. The difference between WINGS and us is that we want build a service marketplace where project creators can get marketing, tech and legal support (similar to current ICO bounty programs).
When Does the ICO take place?
The ICO is set to commence on the 2nd of June, 2017, at 14:00 UTC +8. The ICO Ends on the 31st of July, 2017, at 17:00 UTC +8
ICO Crowdsale Details
Exchange Rate: 1 ETH for 120 FYN Token (2nd June 2017–16th June 2017,14:00 UTC+8) [Early Bird Bonus]
1 ETH for 100 FYN Token (16th June 2017, 14:01 UTC+8–31th July 2017, 17:00 UTC+8)
Supported Cryptocurrencies for the ICO
Ethereum(ETH) is the choice cryptocurrency for the ICO. You can change BTC to ETH at the major cryptocurrency exchanges such as shapeshift and kraken.
What about the Distribution?
Token supply: 10 million Crowdsale: 8 million (80%) Early stage marketing and bounties: 300,000 Advisors and initial supporters: 700,000 Founders, Development Team and Future Employees: 1 million
FYN tokens will be issued on the Ethereum platform as a smart contract. Locked FYN Tokens are distributed immediately to the sending address. Sign up at our FundYourselfNow ICO portal to participate in our ICO.
The tokens will be unlocked on 7th Aug 2017, a week after the ICO ends. Token supply will is fixed and there won’t be any inflation of FYN tokens. We are committed to protect our investors and our tokens/funding is capped to ensure investors get a reasonable return.
We have a minimum funding amount of 1.5million USD, calculated using ETH price as of end of ICO period. This will ensure that we are properly funded to bring our product to completion and execute a proper user acquisition campaign.
Ensuring Accountability & Refunds
If we do not hit our minimum funding target of 1.5m USD, our team will send the invested money back to the ETH sending address and lock the remaining tokens. Tokens that are unsold will be transferred to a locked contract which will only be released when we perform a second ICO to raise additional capital down the line to grow the company.
Sincerely, FundYourselfNow Team
Crowdfunding comes a full circle with FundYourselfNow — A Revolutionary Crowdfunding Platform with Blockchain as its Backbone
Crowdfunding has been around for a few centuries now. That’s right, centuries, not decades! Nothing new here! Don’t take our word for it. Here’s a chronological list of dates that we put together to give credibility to our claim.
- 1700s — Irish Loan Fund | Gives loans to low-income families in rural Ireland.
- 1800s — 20% of all Irish households used the above program
- 1976 — Dr.Muhammed Yunus comes up with a brilliant micro-finance program to provide banking opportunities to low income residents. In 5 years since launch the program helped 30,000 members.
- 1983 — Grameen Bank, Dr. Yunu’s original idea transformed into Grameen Bank that helped more than 8 million borrowers.
- 1997 — The U.S tour of the British rock band Marillion raises $60,000 online from its U.S fan base
- 2000 — artistShare — The first crowdfunding site for music.
- 2005 — Kiva launches to give individuals a chance to support small business entrepreneurs directly.
- 2006 — Yunus and Grameen Bank win Nobel Peace prize.
- 2008 — Indiegogo — removes the middlemen from crowdfunding
- 2009 — Kickstarter launches. Creative projects around the world bloom.
- 2011 — Obama brings to light “Startup America Initiative”
- 2012 — Fundable launches — Equity based crowdfunding platform launched in conjunction with JOBS (Jumpstart Our Business Startups) Act.
- 2012 — President Obama signs JOBS Act into Law.
Important to mention here is that Crowdfunding is a subset of crowdsourcing. In crowdfunds’ case, the resource which is sourced being funds in the monetary sense.
FundYourselfNow acknowledges these influential historic pivotal points in the crowdfunding arena.
However, the team behind FundYourselfNow sees a potential in crowdfunding and crowdsourcing, which has for the most part been missed largely in the past decades. Sometimes the innovations of our time are only limited by the technologies that draw the boundaries of what is possible.
The Fundable and Kickstarter would have had a tough time, ahem… kickstarting their platforms, if Internet was not in place already. Kickstarter became mainstream platform when Internet was already a mainstream technology available for the masses.
We are standing at the nexus of such a pivotal moment. Internet decentralized and democratized information flow. While cryptocurrencies and blockchain technology are set to decentralize and democratize the flow of value.
At FundYourselfNow, we are just re-running the full circle that traditional Internet-based crowdfunding has come about in the past 20 years, only this time — FundYourselfNow is making the system extremely efficient, credible and integral, as we now have two technologies as our backbone — Internet and the Blockchain.
This time around crowdfunding is gonna be ‘complete’. But we need your support. Our ICO begins on 2nd June, 2017. You can pre-register yourself here: https://www.fundyourselfnow.com/ico/public/register
We can’t wait to bring this powerful platform over to you.
Yours Truly, FundYourselfNow team
Self founding with the Fund Yourself Now
Fund Yourself Now is built on the confusion of many people about crowd funding. Many people are still unsure of crowd funding sites as some may potentially commit fraud. Fundyourselfnow.com site is a new site. This new site was launched in February 2017 and will begin selling its money in June 2017.
Is this a trustworthy site?
In the world of crowd funding, trust is relative. For most people, investment activity through crowd funding may be avoided. Many people still use buildings and meet face-to-face as their underlying belief. This is very understandable considering when we can directly meet and come to certain corporate offices then automatically we will feel more secure.
Digital currency is a new thing in human life, something that many people may not understand or something that may not be useful. This can be seen from not many people using the currency or participating in this. But for those of you who are interested to be directly involved in this digital investment, the Fund Yourself Now may be one alternative for you to participate or just looking for some important information about this type of investment.
This site focuses on one main thing that is how to give profit to its investors. The crypto currency the site uses is Ether; The digital currency created by the Ethereum Company. Just like any other site, this site will ask for your participation through investment, and then foundyourselfnow.com party will convert your investment into Ether currency in June. Such a thing is commonly done on the type of investment of cryptocurrency, crowd funding, and block chain.
Is it worth?
“Maybe” is the answer that can be given for this type of investment. One thing for sure is that you cannot use digital money in your daily life (at least for now like that). A few moments ago one of the digital currencies campaigned the use of their coin in real life. They work with places like shopping malls, cafes, or other frequented places. At that time, digital money owners could exchange their coins with groceries, food, or service at a place cooperating with one of the digital money companies. It was booming, but did not last long and then disappeared.
You may do something with your money, even for this new kind of investment. You have to learn a lot and collect a lot of information about this before you decide to get involved directly in this investment. Fund Yourself Now may be a good place for you to learn and get information about digital money. This site also seems good for those of you who want to invest in the field of crowd funding.
- Official webpage: http://www.fundyourselfnow.com
- Facebook: https://web.facebook.com/fundyourselfnow
- Twitter: https://twitter.com/fundyourselfnow
- Whitepaper: Download
If You Like the blog than Please Reward to author,
Regards , Cryptoking
Fund Yourself Now - change to FYN Reward Structure & ICO Date
Last Updated: 30th May 2017
After listening to community feedback, we are revamping the investors rewards structure to reward all our supporters better.
The original rewards were 20% of the transactions fees collected, dropping to 5% after year 6.
Under the new scheme, 70% of the profits made from FYN platform will be distributed to investors, via a token buyback program. The tokens bought back will be burned to reduce the overall FYN token supply. This program will be executed every 6 months.
The remaining 30% profits will be re-invested to grow the company.
The reasons for the buyback approach instead of a pure dividend/profit sharing approach is multifold
- Buyback approach will allow our token to be more easily listed on major US cypto-currency exchanges. This increases the liquidity of the token and thus investors have an easier time trading it.
- The buyback value approach puts FYN in a more favorable position legally. Having a dividend pay out almost guarantees that it will be considered a security according to regulators in most countries, which could mean much heavier government regulation and interference down the road.
- Dividends are likely to be subject to taxation depending on where you live in. Buybacks are normally not until you sell your tokens.
- Less distribution cost as we eliminate transaction and admin fees from sending profits to many accounts.
This approach is currently being used by other ICOs such as ICONOMI.
Due to the change in the rewards structure, there will also be a increase in the number of tokens issued. We are also increasing the coin tokens held by the founders so there is a stronger vested interest. We are also creating a reserve fund in the event we need to raise more money in the future from more investors. Tokens that are not sold in the initial ICO will be put into this reserve fund.
The token distribution will be as follows:
Coin Total supply: 12.5 million
Crowdsale total: 7.5 million (60%)
Founders and Employees Token Pool: 2.5 million (20%)
Current & Future Advisors, Bounty & Early Supporters: 1.5 Million (12%)
Reserve Fund for Future Fundraise: 1 million (8%)
With this change, we believe investors will be able to gain more benefits from our FYN platform.
To allow for time for the rewards changes to be communicated, update of the legal terms and grow the FYN community further, we have decided tomove the ICO launch to 13th June. The bonus period will be extended from 2 weeks to 3 weeks. The ICO end date will remain the same (31th July 2017).
If you have any queries, please feel free to drop us an email at [email protected] or message us on slack.
New Logo & Web Design for FundYourselfNow
We have received community feedback that our logo and website needed some love. We agreed with you and over the last few days, we have been hard at work at recreating a new logo & a website that would be awesome.
Logo Ideas we came up with for FYN
Eventually, we settled on this final logo design after much internal discussion. We really liked it and we hope you do so too!
At the same time we are also reworking the website to make it cleaner and simpler for the users. Part of the works has already been completed and the website will be fully updated by early next week.
We wanted to give our alpha demo site some love, so now it’s featured prominently on the landing page.
Finally, we are producing a video interview with our team and board of advisor, which will be ready early next week before our crowdsale starts.
Love to hear feedback from you
Fund Yourself Now (FYN) Stronger Advisory Team with Vast Experience
At FundYourselfNow, we constantly seek to strengthen and enhance our product to meet the needs of our investors and the cryptocurrency community. Our purpose of developing FundYourselfNow is to achieve the mission of making crypto-crowdfunding mainstream and to create an ecosystem for project creators, backers and helpers with enhanced accountability that is currently lacking in crowdfunding platforms.
We are happy to share that as part of strengthening our product outreach and usability, we will be working with 3new members on the FYN Advisory team:
Emily Hwang: Founder, Couturissimo
Dana Coe: Founder of Bitlox
Kui Nakamura: Managing Director, Azura Group
Emily is integral to our strategy to reach out the mainstream consumers on the benefits of crypto-crowdfunding. Through their influence and reach in the entertainment and fashion industries, we will be able to spread information on FYN and upcoming projects through mainstream media channels.
This means that it will not be long before you start hearing about an FYN project via a tweet from a celebrity or influencer that follow on twitter or instagram!
To make crowdfunding mainstream, we need to provide users an easy and secure way to manage their tokens and crypto-currency, without having to remember multiple passwords and figuring out how to use online wallets (myetherwallet.com is hard for people like my parents – just saying).
We are happt to have Dana Coe, Founder of Bitlox, on board our Advisory team. Bitlox creates crypto-currency hardware wallets that have become increasingly popular lately due to the rise in number of hacking incidents. Our eventual goal is to develop something similar to the famous amazon “1-click” buy now button.
By connecting your wallet to FYN, and clicking on the contribute button, the crypto-currency is deducted from your wallet automatically and tokens and transferred over, without any manual intervention in between.
From the recently successfully closed crowdsale such as BAT, there has been extremely strong institutional interest/private investors interest, where contributions of 1 million USD or higher are common.
We are planning to support good FYN projects by linking them up with potential private/institution contributors at the pre-sales stage. This benefits project creators since they will have a guaranteed funding amount, plus allowing them to build up initial momentum for their project. In this regard, we are glad to have Kui Nakamura on board. Kui is a professional hedge fund manager with connections to private investors and institutions who could potentially be interested in contributing funds to the project.
With the added expertise of the new members on our Advisory team, we strongly believe that we are better position to achieve our vision. Let us know what you think on our slack or telegram chat!
Emily Hwang, Founder, Couturissmo
Emily is a fashion and real eatate entrepreneur. She has vast experience in the fashion industry, and runs one of Asia’s leading online fashion portal, Couturissimo. She serves as the Vice President Asian Couture Federation and sits on the Governor Council of Fashion Designers of Korea. Previously, she served as the Singapore CEO of a famous German Luxury Brand, MCM.
Emily recently diversified her business to actively invest in fashion brands and couture houses. Apart from her investment in the retail industry, her company has long been involved with real estate development and the management of luxury properties internationally.
Dana Coe, Founder of Bitlox
Dana L. Coe is a pioneer in the cryptocurrency security sphere and has been involved with Bitcoin since 2013. He was a part of the first wave of internet start-ups in the early 2000s, and this gives Mr. Coe a unique insight into business strategies and how to frame the discussion as to what direction a company should move in. Trained in Germany as an engineer, his background in scientific equipment manufacture influenced his design of the BitLox cryptocurrency hardware wallet. As part of our advisory team, Mr Coe will advise on on strategies on making crypto-currency crowdfunding mainstream, such as providing users with a safe, easy to use hardware wallet that they can use to store project tokens/cryptocurrency when investing via the fundyourselfnow platform.
Kui Nakamura, Manager Director, Azura Group
As the Managing Director of Azura Group, Mr. Nakamura has a rich and diverse portfolio of cross industry investment experiences spanning the mining, energy, real estate and hospitality sectors.
Mr. Nakamura currently serves on the Government Investment Council of the Republic of Kazakhstan chaired by the Prime Minister and works closely with several development-finance institutions and export-import agencies to bring foreign direct investment to the region. Previously, Mr. Nakamura was Executive Partner with Siris Capital Group, managing $2.5 billion of private equity funds and investments and its predecessor group managing the private equity holdings of Point 72 Asset Management, the $14 billion family office (formerly SAC Capital Advisors).
His wealth of experience in private equity, trading and corporate finance enabled him to successfully raise billions of dollars of funds for governments and banks around the world, and advised over $9 billion worth of trading and investment transactions.
Fund Yourself Now (FYN) Official Announcement and Update on Pre-sale Hacking Incident
(Our Twitter account has been hacked, pl ignore all tweets sent from it)
As some of you may have heard by now, we have been the unfortunate victim of a hacker attack just before our pre-sale that was slated for 9pm (UTC +8). We would like to reassure all our supporters and investors that the team at FundYourselfNow has heightened the security of all our accounts since the incident and will work closely with Twitter to retrieve our account.
We would also like to share with the community on what had happened as we were eagerly anticipated our pre-sale earlier this evening. At about 8.40pm (UTC +8) just 20 minutes before our pre-sale, our Twitter account and email was compromised. Once we discovered that we have been hacked at around 8.50pm, we immediately launched into action and informed everyone in the telegram and slack channels not to send any ethers to any address that may have been sent out from our email or social media accounts.
Fortunately, we managed to regain control of our email account swiftly. However, as of now, our Twitter account still remains in control with the hacker who had started to flood our Twitter account with fake tweets and asked people to send money to a smart contract address owned by them.
Our community assisted us by reporting the Twitter account for abuse.
A quick look at the fake contract address (https://etherscan.io/address/0x0c9d1b3ca852c67bbeabeeb51e9482a845d56868) shows 82 Ether contributed so far from 3 addresses.
2 affected parties who contributed before 9pm have contacted us on slack, and we will ensure that a satisfactory outcome is reached with the affected parties.
We are deeply sorry for this incident and we will make another official announcement on the new presale and crowdsale dates once we regain control and access to our twitter account. We would like to thank our supporters who have been nothing short of supportive over the incident and we aim to resolve this as soon as possible.
For any questions, please reach out to us on our slack & telegram channels. We will also be providing updates on our social media accounts (except twitter) so do check in with us.
Kenneth, COO FundYourselfNow.
Fund Yourself Now Announcement: We got our FYN Twitter account back! Additional updates for all supporters
We are both happy and relieved to announce that we have successfully retrieved our FundYourselfNow Twitter account at 11am (UTC +8) today, 13 hours after the account was compromised yesterday. We have since removed all offending tweets that pointed to the fraudulent contract address.
For those of you concerned about the 2 contributors who have transferred ethers to the fraudulent contract address, please rest assured that we will honor their contributions and issue them the FYN tokens from our internal company token pool. Based on the etherscan.io transaction history, we have verified the identity and personally contacted these 2 contributors who contributed a total of 90 ethers.
Currently, our priority is to ensure that none of our other accounts are compromised. As a security precaution, we have changed and strengthened the passwords to all our emails, social media, website and server admin accounts. As a reassurance, all passwords stored on our FYN portal are encrypted. Over the course of today, we will be reviewing the codes on our web server to ensure that our code is secure and safe.
The crowdsale date will continue
From the FYN Team,
Jack Ser, CEO & Kenneth, COO
For those interested in our journey to retrieving our Twitter account, please read on :)
Chronology of Events this morning
At the break of dawn in Singapore this morning, the FYN team rushed down to the Singapore Twitter HQ to report the issue.FYN at Twitter HQ Singapore
We want to say a big thank you to Mr Khairulnizam Bin Abidi and Mr Francis Teo, Security Managers at Twitter Asia Pacific, for helping us escalate the issue to the relevant people in Twitter and enabling us to successfully retrieve the account within the next 90 minutes.
We subsequently filed a police report for the cyber-attack/cyber-ransom that happened to FYN.Singapore Police HQ, Cantonment Complex
As a final note, we would like to re-emphasize that FYN will never ask contributors to send ethers to addresses via tweets, facebook posts, slack chats or telegram posts. If you are unsure or receive suspicious messages, please drop us a message on slack and telegram to verify first. We will only post the official crowdsale address on the FYN dashboard.
Announcement of 2 New Projects on FYN & 1 Million SGD Milestone
A big thank you for helping us cross the 1 million Singapore Dollars milestone. Currently, it is the fifth day on our crowdsale and we have raised about 2250 Ethers so far, and we are more than halfway to our minimum funding goal of 1.5M USD. We strongly encourage all our supporters to join our Slack chat to find out more about what we do.
Over the last few days, we have started our advertising campaign in the Chinese ICO platforms and our eventual goal is to have FundYourselfNow cater to both the Chinese and English market. Since our last post on how we plan to make FYN tokens grow, we have also received collaboration requests from 4 -5 entrepreneurs globally, which we are currently in the process of reviewing.
To celebrate our progress so far, we are releasing new details of 2 new projects that will be funded exclusively via the FYN platform.
Currently in China, there are free instant messengers (e.g. QQ. MicroMessenger) that are popularly used, but messaging data within platform is mined by the platform provider to identify opportunities for targeted & government compliance
Nogle Chat is a a combination between telegram and whatsapp. It is designed to be super secure. There are two versions of Nogle Chat:
- Nogle chat branded app that to sell direct to enterprises and end users.
- White label for resellers to sell to enterprises and end users
Their target enterprise customers are corporate entities like financial institutions that require a private and robust networked, secure and encrypted internal and branded chat application where they can do all business functions video file sharing voice etc.
Security features such as Read-and-Destroy & Remote message destructions ensure that sensitive company information can be destroyed once it is read. The chat application can be deployed onto a private cloud server owned by the enterprise.Features of Nogle Chat
The product is currently under development and Nogle is seeking funding for to complete development and launch a user acquisition campaign. Nogle chat will potentially create Nogle Chat tokens that will be used to as credits to access the app functions. More details will be released further down the road.
In the current global market, there is no mobile application for private clients to trade bonds. However, for most private banking clients, bonds form a significant part of their investment portfolio as they are safe and have low volatility. Relapp offers an organized way for private banks to convey their range of products to clients in a user-friendly manner.
Relapp is a white label solution being that is targeted at the banking & finance sectors. The target customer group is any companies that are selling banking related products and have relationship managers like the banking sector.
More details on the company behind relapp and product will be released further down the road.
Clarifications for FYN bounty Program
Dear Supporters, we have recieved multiple enquires regarding the number of tokens that a user will recieve at the end of the crowdsale for the bounty program. We would like to clarify the bounty program rewards. Currently on the crowdsale portal, what we are showing is the maximum estimated number of tokens that you can possibly receive provided that we hit our hard cap.
Since the start of our bounty campaign, it has always been our plan to allocate 3% of the total number of tokens sold to our bounty program. Assuming we completely sell out the 7.5 Million tokens in our crowdsale, this works out to 225,000 tokens.
This is still significantly above what most other crowdsale (2% or less) give out for their bounty programs. We are removing the estimated number of tokens shown on the portal for the time being to avoid confusion.
The final number of tokens given for the bounty will be shown to the users once again at the end of the crowdsale. All stakes will be reviewed once manually at the end of the crowdsale before we do the final distribution. Please make sure to update your ETH sending address in the portal as that will be address we will send the tokens to.
We are deeply apologetic for any confusion caused. For any questions, you can contact us on our slack or telegram group.