AZ FundChain - Financial Inclusion Through Decentralized Money Circles

rumayani (44)in #ico • 6 years ago (edited)

Currently in this industry there are many problems that can sometimes cause huge losses. There are many different risks in crowdfunding. People or organizations that want to support the project cannot ensure that their funds will go to the right target. Problems may arise in the project itself, which will receive funding for the implementation of the idea, because promising areas always have vulnerabilities. For example, a singer raises funds to release his album and raise funds for this. However, there may be circumstances that will not make the artist use money rationally and he does not meet the expectations of his listeners who donate funds. Cases like this often occur, so it is important to protect both sides of this process.
To resolve all the problems listed above and present a new interaction model between the two parties, experts developed the AZ FundChain project.

What is AZ FundChain

AZ FundChain is a safe, transparent, reliable platform that combines the most innovative crowdfunding tools and blockchain technology. This project is an application where people can get funds for their projects. This application is available for download on the Android and iOS operating systems.
People who will become investors on the platform accept all the necessary tools that will enable them to follow all the processes related to project development and implementation. Investors will save low commissions during financial transactions.

The advantages of the AZ FundChain Project

● project developers pay attention to security, so that each user must pass KYC to take any action on the platform;
● platforms can be used by individuals and legal entities that can act as investors or creators of projects;
● the project makes it possible to fill and withdraw funds safely in the form of traditional or digital currencies;
● All transactions are recorded in a smart contract, which contains all the terms of the agreement, which will eliminate the conflict situation;
● the use of blockchain technology will make it possible to carry out any operations quickly and at minimal costs;
● This project provides unlimited access for participants from all over the world and has no territorial or other restrictions, so that everyone can take part in this project regardless of location.

Principles of FundChain AZ Work

First of all, all users must meet the Kyc protocol. No user who has completed this protocol cannot join the circle system. First, the project leader sets a target for a project. The maximum and minimum investment amount for this project is determined. If the amount collected exceeds the maximum amount, the person paying the payment is paid. Or, if the opposite situation is realized and the expected money is not collected, the person being replaced is returned with an escrow contract. The project owner determines the amount to be paid by each user. After the cycle is complete and everyone makes a payment, the money collected by the lot is paid to the user within the specified period. A person who does not have enough money in this way and cannot withdraw credit can be the host

AZ FundChain features
Reputation System
AZ In FundChain, in the last period, ratings were given in return for successful user transactions. With this system based on loyalty and honesty, the level of reputation of users who do their jobs more smoothly is from silver to bronze. Users who see their level of reputation can make transactions safely in this way. With AZ FundChain, each user can share information with other users, creating a system where users can communicate with each other.
Trust Fund Infrastructure
In the traditional circle system, problems such as death and disagreement are very difficult to solve. Funds cannot be collected if they do not pay even one month. AZ FundChain uses a special fund chain that none of these situations do not occur. If the user doesn't pay a month's fees, the user's total payment will decrease. In the case of unexpected circumstances such as death, the power system has been applied to continue the payment of user funds.
Decentralized Network
The traditional circle system is made by a very small environment. With AZ FundChain, users can communicate with the world and introduce their projects. In this way, the expected funds can be collected quickly and everyone gets profit.

About ICO

The Token - AZ will complement this financial model, which will carry out most of the internal operations, and function as financial income within the FundChain framework. In total, 30 million coins will be spent on system development, of which only 2.7 million will be allocated for private sales, 9 million for public sales, the rest will be reserved for stability funds, referral and gift programs, as well as partners, advisors and consultants. At the same time, most of them will be blocked for 1 year, to exclude a rigid correction at the price of the coin itself, after entering the exchange.
If we talk about the cost of AZ tokens, it starts at $ 0.50 per 1 piece at the time of personal sales and will increase to $ 0.63 at the time of public sales. Only FundChain developers intend to collect Hard Cap for $ 7 million.

About Tokens

• Ticker: AZ
• 1 AZ Tokens: $ 0.63
• AZ For Sale: 11,700,000 (39%)
• Total supply: 30,000,000
• Platform: Ethereum (ERC20)
• Softcap: $ 5,000,000
• Hardcap: $ 7,000,000
• Minimum investment: $ 10
• Received: BTC, ETH, Fiat