Fundition.io | The future of crowdfunding endeavors
Source
Good morning guys, today I will be doing a quick review on fundition.io. I have been doing a couple of reviews on my blog and the sole reason is to achieve all that we can ever imagine possible for those who leverage on blockchain technology. My goal on the internet now is to keep proclaiming the possibilities of a totally decentralized internet society. The good thing is that the application can have a wide range of application. Fundition.io happens to be the applications in a crowdfunding concept. Those who have been reading my blog will recall my publications on medium and other social media on fundition.io and their recent partnership with an organization that rewards open-source contribution with the STEEM blockchain. Although I didn't get enough room to talk about fundition.io in details as a result of the narrowness of the scope of those publications. In this post, I will be telling us basically, everything you need to know about fundition.io and in a subsequent post I will be talking about their achievements and now you can also benefit from them in order to make it through to their testimonials.
Let's quickly take a look an important concept that will help us understand fundition.io. And that is none other than the concept of crowdfunding. What does crowdfunding means?
Have you or anyone you know ever embarked on a project and ran out funds or never really had the required funds to start the project at all? Well, I have such experiences and other than securing a loan one other way to go about it is to crowdfund. This basically means selling your vision to a large crowd of people and those individuals express their interest in that vision by contributing funds as they are able to afford. Formally;
Crowdfunding is the practice of providing funds for a project, enterprise or venture by raising money through a large number of people (crowd) of which each one of them contribute a relatively small amount, as they are able to afford. Usually takes place through the Internet.
Source
One of the major reasons behind crowdfunding is to take the power from the so called investors in the traditional model and to give innovators due reward for their creative thinking. Great ideas don't have to die before they become reality as a result of lack of funding or insufficient funding. However, there's great tendency for corruption to emerge as long as a system remains centralized and the traditional crowdfunding platforms are centralized. This made necessary the need for a new generation crowdfunding interface. Fundition.io is the most successful so far adopting that model. What is fundition.io?
Fundition.io is a next generation P2P crowdfunding platform that uses blockchain technology (specifically the STEEM blockchain). In one word, fundition.io is decentralized and uses the STEEM blockchain as a means to crowdfund its users. The goal of this initiative is to replace conventional or traditional model used by Patreon, GoFundMe and others.
The STEEM blockchain is used because it's a next generation blockchain that permits the running of realtime app helping users to monetize their content. Fundition.io chose the STEEM blockchain among many other because it perfectly fits into its business plan. Which means, users or beneficiaries can actually monetize the contents they create. For example, an inventor could put his project on fundition.io and gets tons of donations based on how impressive the content seems to an individual. Below are some examples of individual project owners who have benefited from the model that fundition.io is using;
links to some of their posts
See below the types of content we normally write so that you understand what we are looking for:
https://fundition.io//#!/@techtek/fk501ncfv
https://fundition.io//#!/@surfermarly/sc2t0haq7
https://fundition.io//#!/@leotrap/bcbq3ozsk
https://fundition.io/#!/@sndbox/1vynspan2
https://fundition.io//#!/@yanzel4lyf/zqp4hwaht
https://fundition.io//#!/@girlsfoundation/x9o36efzn
You can check other content here:
https://fundition.io/#!/explore
So guys, the system is 100% decentralized and open to all. All you need is a detailed proposal of the project you're working on or intending to start. Thanks for reading this blog. I will give more beneficial tips on fundition over the next couple of days.
If you would like to findout more, please visit the following pages:
References:
Fundition.io purplepaper
Crowdfunding Wikipedia
Thank you @bait002.
Thank you for being a loyal Funditian and helping spread the voice of Fundition all around, we really appreciate your efforts to try and promote Fundition. As a token of our gratitude, please accept this upvote from us. Take care and keep spreading the word about Fundition whenever you can, so, we can grow and help as many people as possible. We wish you all the best.
If you are reading this and you aren’t the author of this post, what are you waiting for, Join Fundition and let’s together make a change, a change that will make this World Better even Amazing !
Fundition is a next-generation, decentralized, peer-to-peer crowdfunding and collaboration platform, built on the Steem blockchain.
Read the full details of Fundition Fund program
Learn more about Fundition by reading our purplepaper
Join a community with heart based giving at its core