Steem delegation Renewal
Association name: Fundition (constituted mostly by the members of the company FutureShock)
Place of Incorporation: Strasbourg (Capital of Europe), France
Token name : HEART
Token Type : SMT (at release)
Project Type : Non profit
When did you get the delegation?
Fundition received its delegation on 2018-06-12. So approximately 1 year and 3 months ago.
Under what terms did you receive the delegation?
Closely to the terms mentioned above in the delegation renewal process which include :
Powering Steem Projects.
Making meet and onboarding Founders and Backers on Steem.
Promote Steem everywhere in the world beside Fundition.
Support and help the Steem community by using the delegation in the more impactful way.
Avoid any abuse of the delegation.
What was the intended purpose for the delegation?
The main purpose was to support the platform growth, its own development, and to become a showcase of the Steem community as well as to onboard new steem users through the crowdfunding door which resulted in a top-tier delegation after two months of release.
Beside that, the delegation was given to support also the FutureShock team to bring alive others project like DrugWars, Ongame, Teelkee, etc...
How have you applied your delegation for that purpose?
The project was the talk of the town some time before its release and caught the eyes of the Steemit Inc employees who directly contacted the CTO of Fundition. After some back and forth discussions, Fundition team decided to directly applied with the Steemit, Inc CEO, Ned Scott.
How long are you requesting the continuation with the delegation?
We would like to renew this delegation for 12 months.
What problem is the product/project solving?
Fundition is offering a way for project founders to fundraise with cryptocurrencies. Unlike traditional crowdfunding platforms, Fundition allows the backers to donate with most cryptocurrencies, and to support projects with upvotes while converting all the donations and support into Steem and SteemPower.
Accessibility and collaboration
Fundition is opening new doors to crowdfunding thanks to its collaboration feature and to the decentralized nature of Steem, which means people from different locations on earth can collaborate on any projects regardless of borders, laws, governments, thus increasing the chances of attracting backers.
Fees on donations and collected funds
Moreover, Fundition is the first really free crowdfunding platform, taking absolutely no fees from project founders and backers.
Core Team Details
Aytac Ozden CETINKAYA is highly technical CEO and a veteran blockchain developer with hands on experience who worked for famous companies like Microsoft, Socotec, etc... wiring up dApps to Steem, EOS, TRON, Byteball (now Obyte), Cosmos. He has been devoted to Steem for 2 years not only with his own platforms but also with participating to open source project like d.tube or steemstem.io.
Lê Mimee is a psychologist with a Master degree in clinical psychology from the University of Strasbourg. She is working under the french government in an addictology service since her graduation 4 years ago. Under Fundition, her role is one of the human resources and to verify the projects and project founders veracity. (Linkedin isn’t filled as her work at the addictology service requires anonymity)
Petra Milašin is the editorial director with a background in physics and computer science with more than 10 years of experience in performance tracking, statistics, analytics, and management activities. She is a writer, educator, and a transcriptionist specialised in web content creation, customer service, problem solving, and tutoring. All her work for Fundition involves key principles of marketing and sales psychology which are incorporated into regular promotional material, educational material for project owners and Backers, news, and updates about Fundition and its work.
Burak is a career counselor with a Master degree in Bosnia and Herzegovina from the Burch University and he graduated 2 years ago. He is working as a career counselor in an International school in Kenya, Nairobi. Under Fundition, his role is a community manager and to verify the project and press officer.
Attila Ayyildiz is a crypto and blockchain enthusiast since 2015. He has been meticulously following interesting blockchain projects and ICO since then, having a legendary account on the famous Blockchain forum - Bitcointalk.org. On Fundition, he is in charge of the community support and a Blockchain advisor.
Geyda Gürcay is a 2018 Neuropsychologist graduate student from the University of Strasbourg. After her graduation, she started to work as a researcher for the Centre Paul Strauss which is a hospital specializing in Cancer treatment. She is also working with elderly for the association called Abrapa. She is also about to own her neuropsychologist office. At Fundition, her role is to help the project founders with their proposal and the digital marketing.
Camilo Ferrúa has a degree in Music and a Higher Technician in visual communication and audiovisual production. He has worked more than ten years in creation and art direction of diverse projects of graphic identity and graphic design in general. In Steem's blockchain he has contributed with different projects such as @celfamagazine, @votomasivo, @actifit, @fundition and more, and the tribes Neoxian City (Neoxag), Hispanohablantes (Spaco) and PhotoStreem (Photo).
Pennsif has worked in internet development for the past 25 years. He has had a long term interest in community development. During more than two years on Steem @pennsif has hosted around a hundred social broadcast shows on MSP Waves interviewing almost 500 steemians along the way. He also set up the successful charitable project ‘A Dollar A Day’ which raised over US$ 5000 in seven months on Steem. He has also produced over 150 editions of the daily Steem News. On Fundition @pennsif focuses on assisting project founders with preparing and refining their proposals to optimise their performance.
Minimum Viable Products
Fundition is a next-generation, decentralized, peer-to-peer crowdfunding and collaboration platform, built on the Steem blockchain, that aims to replace extant, outmoded, centralized models such as Kickstarter, GoFundMe, Indiegogo, and Patreon; while offering a valuable solution to link creative entrepreneurs with like-minded supporters.
Please limit responses in this section to 250 characters per question.
Fiat Revenue Strategy:
increasing the amount of donations to the platform
shares from founders
Fiat Revenue Projections in $/user every month: 0.10$
How will your business strategy increase the amount of STEEM being powered up and/or burnt?
Investment from fiat and crypto into Steem
Investment from fiat and crypto into Heart Token “SMT”
Influx of new users on Steem platforms (so new potential holders)
What financial incentives are you willing to provide to Steemit, Inc. and/or the Steem Community in return for the delegation?
We are not offering any financial incentive properly, but would like to participate by burning a part of the curation rewards and/or giving it to SPS regularly if no one of the project on Fundition meet the necessary requirements to obtain an additional support through a direct donation coming from our curation rewards.
Are you or how will you become financially sustainable once the delegation is removed?
Fundition is already sustainable thanks to its supporters.
KPI Progress Measurement
Please limit each KPI description in this section to 100 characters.
Suggest at least 3 KPI’s per project with which to measure the progress of your project(s) in its(their) current phase. KPI’s must be measurable and objective (a percentage or numerical value), or binary (yes / no or completed / not completed).
KPIs are to be reviewed and evaluated by the committee in the next quarter.
KPI descriptions shouldn't change without a change request form.
Targets will be adjusted every quarter in future application.
Refer to this post for sample/suggested KPIs.
Evolution of community and user growth (user% growth, total visitors)
Evolution of happiness (feedback, meetings, surveys,..)
Evolution of the learning curve for new users
Evolution of the process to help and guide entrepreneurs, organizations, content creators & individuals with dedicated process.
KPI1 target: Monitoring community growth and develop an accompanying offer.
Evolution of UI/UX (feedback, meetings, surveys,..)
Evolution of our offer with new features.
KPI2 target: Improvement of the platform
Evolution of the broad scope of projects (backers & supporters % growth)
Evolution and contribution to featured projects.
KPI3 target: Support and participate to great project developments
If you haven't tokenized, but still provide a service, please describe the service and the amount of that service that you're offering to perform for Steemit and/or the Steem community in exchange for the delegation.
We have offered our help to Steemit inc. few times in the past, we are maintaining our offer and would be glad to lend a hand in our expertise domains.
Please limit responses in this section to 10 characters.
How much of a delegation are you requesting? Limit your requests to one of the three tiers: Mid-Tier.
Specify the desired time frame for the delegation in 6 month increments: 12 months
Which one of the following answers best describes how the delegation will be used to add direct value to Steem:
A. It will be used to create new accounts.
B. It will be used to give new accounts 15 SP to give them the resources needed to use Steem and purchase goods and/or services through our platform.
C. It will be used to incentivize the creation of content that promotes Steem / your project on external platforms.
D. It will be used to provide limited trial or discount services to clients to encourage them to hold Steem and delegate in the future.
E. It will be used to support great project made by Steemians.
We agree that our business will continue to leverage the Steem blockchain as long as we are receiving a delegation and 1 year following the removal of the delegation. During this time we also agree to promote the Steem blockchain as a valuable technological protocol that delivers unique value. We are willing to sign a legally binding contract with Steemit, Inc. to this effect.
Renewal Questions: Impact to Date Since the Start of Delegations
|Quarter||Q2 2018||Q3 2018||Q4 2018||Q1 2019||Q2 2019||July 2019||August 2019|
|(1) # Users onboarded||249||516||240||158||309||317||288|
|(2a) Users (Steem)||219||506||230||128||269||307||278|
|(2b) Users (non steem)||30||10||10||30||40||10||10|
|(4) Value disbursed from delegation (USD)||5570||8630||12990||8300||14360||5100||4890|
|(5) External Revenue (USD)||1500||1500||100||100||100||100||100|
|(6) Steem Powered Up (Project Accounts)||100||50||NA||NA||NA||NA||NA|
|(7) Steem Powered Up (Clients)||NA||NA||NA||NA||NA||NA||NA|
|(8) Steem Power Delegated (Community)||300||0||0||0||0||0||0|
|(9a) KPI 1 Project Creation||150||70||50||50||20||9||9|
|(9b) KPI Updates||80||80||70||80||70||60||40|
|(9c) KPI 3 Total Raised funds USD||10000||16000||20000||25000||25000||5000||2000|
|(10a) Steem burned||0||0||0||0||0||0||0|
|(10b) SBD burned||0||0||0||0||0||0||0|
How many new accounts have been created using your projects' account this quarter?
a) How many Steem accounts are interacting with your project (this includes guest accounts as well as Steem user accounts)
b) How many Guest (non Steem) accounts are interacting with your project
How many impressions is your project getting?
Average of 10k+ impressions per month.
What is the total quarterly (USD) value of rewards disbursed directly tied to the delegation? (can be a negative number of your projects is a flagging project)
Average of 6k USD
How much external revenue have you generated in USD per quarter? Do not count Steem income from curation / voting.
Average of 300 USD
How much revenue have you brought to Steem as measured by total STEEM powered up through your project's Steem accounts
Hard to estimate but we have also converted more than 5K USD of FIAT to Steem in the last year.
How much Steem is delegated to your project to manage on behalf of your clients? (fill sum in table 1, and show break down by client on table 2)
How much Steem Power is delegated to your project from the Steem community?
For the KPIs listed above, back report progress for the duration of the delegation on a quarter by quarter basis.
The result of our progress is directly visible on Fundition.io
How much Steem / SBD has your project burned?
None, except for a few posts.
Describe what value the project continues to bring to the Steem community and why the community should continue to support your project?
Fundition has been a project cared and appreciated by Steemians since its release in April 2018. It brought something that the Steem community needed which is a place to fundraise and a dApp that isn’t only focusing on content creation. It is a way for project founders and entrepreneurs to embrace the Steem Blockchain, proving that this Blockchain isn’t just for content creators. Moreover, it is a showcase of the wide interests, creativity, heart & souls of the Steem community with projects such as Oracle-D, Vimm, Steemeum, Steem Monsters, Steemitworldmap, to just name a few. It is also a community benefits oriented with charity projects and a way to show that the Steem community is a strong and united community. With more than a year of activity, Fundition is also showing that it has the power to empower educational projects, especially Blockchain oriented education with it being the sponsor of many meetups, school classes etc.
Describe your project roadmap with expected timelines and milestones.
2020 : Integration of Heart Token SMT
1st Quarter 2020 : Release of the gaming portal of Fundition, a place where gamers can gather support from their community.
2nd Quarter 2020 : Account creation over Fundition
Toolbox for new users
3rd Quarter 2020 : Release of the mobile apps
4th Quarter 2020 : Heart Token IEO