Fundition: Help funding the future since 2018

attoan.cmt (65)in #fundition • 6 years ago

Today I want to have a short review on one of the most popular projects on Steem, which is well-known as a platform to support another project - Fundition.

About me: I'm Toan, Vietnamese translator for Fundition project, who had translated Fundition website with all context and wordings to Vietnamese to support Vietnamese community. This article aims to provide my perspective on Fundition from a translator, who had thoughtfully read through all the text of Fundition website several times.

This article will focus on the ground-breaking innovation of Fundition, in comparison with traditional fund-raising platforms.

When it comes to Fundition, two factors made it stand out from the crowd:

A decentralized platform for every party to join, contribute, get funds and get things done;
A platform that everyone can participate, not only founders and contributors like others; and

Decentralized platform for crowdfunding

If you ask me, what is the significant difference between money and cryptocurrency, I would say "decentralization." This word seems to be difficult to understand, yet easy to imagine. In my understanding, _ a centralized system has operators and owner, who direct the operation of the whole system_. In term of decentralization, I would explain as the an unique system, in which everyone keeps a copy of the system by themselves, everyone will help to verify everything happen in the system.

From the approach, Fundition provides a decentralized solution, in which every transaction is transparent to all parties, and not being managed by anyone. In short, as using Steem blockchain, all fo information will be stored as a block on the blockchain, which is verified by all witnesses (regular users can also see it through block explorer solution such as steemd )

Advantages:

No mediator in between Founders and Collaborators
No fees to list or to back any projects

A platform for everyone

Indeed, in Fundition, everyone can publish any projects, back on others or support as Supporters. In short, there are three roles that you can choose:

Founders: Just like other crowdfunding platforms, you can publish your project here, ask for investment from Backers in the early stage
Backers: Known as Angel Investors in Crowdfunding world, Backers are those who want to support the project in the first stage by contributing in term of monetary contribution
Supporters (or Collaborators): Anyone on Steemit who loves to add to new projects can choose to support by giving their Heart or HeartPower to the plan they like to show their contribution.

As a Founder, you can post any project in various kinds, to let others choose and contribute for their favorite ones. As a Backer, you can either want to provide to the project by money or by cryptocurrency. For Collaborators, you can support you loved projects by writing, sharing or contributing your ideas about it.