Purchase ROOTS Tokens
Giving money to the other campaigns on this site is an act of donation. You can also support RootProject by purchasing ROOTS tokens. We're holding a pre-sale with a 50% bonus this week, while we announce this crowdfunding platform. Holding tokens allows you to participate in the community we’re building: Voting on what local projects should get listed, using your local knowledge to make them better, proposing your own community crowdfunding campaigns where the work gets completed by RootProject once it’s funded. You can read more about our “initial coin offering,” or ICO, here.
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RootProject is powered by ROOTS tokens. Tokens go up and down in value as the market dictates, and you can sell them in the future for US dollars or other cryptocurrencies.
One of the cofounders, Dr. Nicholas Adams Judge, wrote his doctoral dissertation on mathematical models of currency markets. When the founders, and Dr. Melissa Mahoney, came up with the ideas behind RootProject, they realized they stumbled on a model of nonprofit funding that rewards early token holders and levels the playing field between for-profits and nonprofits.
You’ll soon be able to earn tokens in a number of ways. We’ll be building this functionality into this site in the coming months. To learn more, check out the nonprofit business plan
Lots of companies these days are raising money by selling their own token. In fact, these token sales have recently surpassed all early-stage venture capital by volume. It’s a more democratic form of fundraising, and it helps build a community. What’s special about RootProject’s token is that it’s the first seriously-designed token to link a nonprofit to the power of markets, aligning the interest of those that hold the token and those that benefit from RootProject’s labor program.
Your purchase helps build a decentralized crowdfunding network that is joined with an on-the-ground nonprofit. Supply of the token is strictly hard capped, while the token and the on-the-ground institution is designed to increase demand over time. To read more, visit our ICO page.
ICOs typically offer early-backer bonuses. To celebrate the early completion of our crowdfunding platform and to reward early backers, we are giving a 50% bonus during the week of the announcement. So, 1 Ether, about $340, gives you 15,000 ROOTS instead of 10,000 ROOTS. The deal ends on October 24th, 2017 at 11:59 PM PST.
How To Purchase Tokens
You can purchase tokens with your local currency or bitcoin using the “contribute” button in this crowdfunding campaign. Stripe, our payments processor, supports over 100 currencies and one cryptocurrency, bitcoin. We will send instructions on how to claim ROOTS tokens in a follow up e-mail.
You can also purchase ROOTS tokens using ether by sending it to RootProject’s smart contract. The contribution address is:
Please use gas limit of 200,000 and gas price at 25 Gwei. To add the token to your wallet, please use following information:
1 Ether buys 10,000 ROOTS tokens. This week, as we celebrate the early completion of our crowdfunding platform, there is a 50% bonus. Thus, until October 24th, 11:59 PM PST you get 15,000 ROOTS for 1 Ether.