RootProject is a non-profit powered by a profitable cryptocurrency. Their token is designed to appreciate, making it an attractive investment, but also helps eliminate poverty. Thus, interests of investors and the poor are directly aligned.
Root Project explains in their whitepaper what a cryptocurrency can be:
“It turns out that a cryptocurrency can, right now, restructure the fight against poverty. In fact, the more profitable our cryptocurrency is for investors, the better it is at reducing poverty. The right design of the currency and the nonprofit institution that administers it will strongly align the interests of investors and those stuck in extreme poverty. The more money investors make, the more people get pulled out of poverty and the more the non-profit grow. The more the nonprofit grows, the more the currency appreciates.”
Dr Judge’s latest post: Click here
Pre-ICO
Pre-ICO Opens: July 10, 2017
Soft-Cap – 500 ETH – already raised
Hard Cap – $300,000
We will do a full RootProject Profile soon.
Resources:
An intro to RootProject:
*Reddit IAmA https://www.reddit.com/r/ethtrader/comments/6mdjkk/rootprojectco_team_ama_we_are_political/
*Website: https://www.rootproject.co
*Dr. Judge’s press release: https://medium.com/@nickadamsjudge/a-cryptocurrency-can-begin-to-end-poverty-now-d95798c5d877
*Bounty thread: https://bitcointalk.org/index.php?topic=2007559.0
Community created resources:
*https://www.youtube.com/watch?v=ItGEWKAUV1Q&feature=youtu.be
*https://medium.com/@rorypiant/the-root-project-ico-modern-philanthropy-taking-root-c6b483a33f87
*https://icoprimers.com/#page/company_news/primer_rootproject