Inspired by the recent incredible growth of the cryptocurrency crowdfunding market, FundYourselfNow is a platform designed to simplify the crowdfunding process and allow for the creation and promotion of projects without the normally required technical knowledge. In this FundYourselfNow review, we shall take a look at the FundYourselfNow project and ICO details and explore its potential advantages.
The founder and CEO of FundYourselfNow is Jack Ser, a versatile entrepreneur, a seasoned investor, and the founder of Pinnacle Digital, a Singapore-based company specializing in IT consulting, design, and financing for businesses. He received the 2015 Management Consultant of the Year award from the distinguished Singapore Business Advisor & Consultant Council.
The co-founder and COO of FundYourselfNow is Kenneth Tan, the COO of Pinnacle Digital and a highly-skilled software developer with over 10 years of experience, well-known for his consulting work on large scale enterprise deployment for MNCs and government agencies.
Other highly skilled and experienced members of the team include Zheng Junyi, core Ethereum & smart contract developer, Venkat Krishnan, solution architect, and Charlene Bautista, UI/UX designer. FundYourselfNow’s board of advisors includes Carlos Salas, the co-founder of Nogle, Emily Hwang, the founder of Couturissmo, Dana Coe, the founder of Bitlox, and Kui Nakamura, the managing director of Azura Group.
About The Project
FundYourselfNow is a project that ambitiously aims to fix everything that is wrong with the most popular crowdfunding sites and platforms. The goal is to introduce healthy competition into the business and provide project creators and promoters with a more simple, efficient, and affordable solution.
The main advantage of this platform is that it allows for easy project creation without the too steep fees commonly encountered on such platforms like Kickstarter and IndieGoGo. It is designed to provide project creators with more control over the funds raised during crowdsales once they are distributed. In an effort to help everyone using the platform successfully achieve their goals, FundYourselfNow provides project creators with support and help from mentors with great experience and allows them to request funding and reward backers.
The platform successfully implements the latest innovations in blockchain technology and cryptocurrencies. A demo of the platform is already available, allowing potential investors to test the product before taking part in the ICO.
Why Choose FundYourselfNow
Apart from the general benefits that result from the basic concept of the project previously described in this FundYourselfNow review, the advantages of this platform are also reflected in its unique specific features.
The FundYourselfNow system is characterized by an extremely user-friendly interface that allows even the less experienced project creators to easily post information about their projects. It allows potential investors to browse through projects with equal ease, filtering them by location and type. As mentioned before, creators get to enjoy low transaction fees and they can also offer unique rewards including dividend payouts and token-usage based profit sharing. The platform can be used for raising funds for projects that focus on providing services and physical goods, as well as all kinds of innovative ideas and startups.
The platform uses smart contracts based on blockchain technology in order to store the collected cryptocurrencies and automatically distribute the funds and tokens. Thus, the whole process is simplified and no coding knowledge is required on the part of project creators.
The creators get to reward their backers with bounty credits that can be exchanged for project tokens. The platform offers users the possibility to trade tokens and rewards obtained during the crowdfunding phase. Users also get to enjoy the benefits of having full control over their open wallet and easy conversion of their funds into cash and other cryptocurrencies. The platform currently only accepts ETH for investments and Bitcoin via rootstock in the projects.
Another advantage of the platform is the presence of advanced social features, which can be of great use to both investors and project creators. By offering token holders the opportunity to rate project owners and provide reviews and allowing users to leave comments and participate in discussions with all members of the project community, the platform helps potential investors and users get acquainted with the project they wish to support. User feedback can also help project creators further improve their products and tailor them in accordance with the needs and desires of future users.
FundYourselfNow launched its ICO on June 13, 2017, at 14:00 UTC, following the presale that ended on the same date and during which it raised $430,000. The ICO is set to end on July 31, 2017, at 17:00 UTC. During the first week of the crowdsale, over 3500 ETH (around $1.2 million) was invested in the platform.
The goal is to reach the minimum amount of $1,500,000 by the end of the crowdsale period in order to be able to successfully finish the development phase and properly implement a user acquisition campaign. A total of 60% of the tokens is planned to be distributed to the investors via crowdsale, 20% is reserved for the founders and employees, 12% for the advisors, supporters, and bounty, and the remaining 8% is going into the the Reserve Fund.
According to the business plan, 50% of the funds raised during the crowdsale are going into marketing and business development, 25% is to be used for research and development, and the remaining 25% is to be used for operations and legal purposes.
How To Contribute
During the first three weeks of the crowdsale, the investors can purchase 120 FYN tokens for 1 ETH and receive a 20% bonus. During the fourth, fifth, and sixth week of the crowdsale, no bonuses are planned and the price of FYN tokens is set to rise so that 100 FYN tokens cost 1 ETH. It is comforting to know that FundYourselfNow guarantees to refund the money contributors invested in case it does not reach the goal amount by the end of the crowdsale.
FundYourselfNow is a very simple and comprehensive platform allowing creators and promoters to crowdfund their projects with cryptocurrencies without any technical knowledge. Plainly put, FundYourselfNow is looking to reinvent the crowdfunding industry by making it easily accessible to the masses. Read more about their pioneering efforts in these additional resources:
- Comprehensive FundYourselfNow review from Satoshi Fund, one of the most famous blockchain investment companies, explains the FundYourselfNow project in detail. Here, you can read about its ICO details, the advantages and disadvantages of the platform, and how well it fares compared to its main competitors.
- CryptoPortfolio’s YouTube review introduces the project’s team members, its main goal, and more.
- FYN’s YouTube channel features a video that explains why you should choose the FYN platform and who can benefit from it. There’s also an interview with the team members.
- CryptoPortfolio’s interview with FYN CEO Jack Ser focuses on the support the project received, how the team came up with the idea, the project’s competitors, and more.
- Easy-to-use interface
- Lower transaction fees
- No coding knowledge needed
- Great support and help from experienced mentors
- Smart contracts based on the blockchain technology used for storing and distributing tokens and funds
- Greater control over funds after distribution
- Raise funds for backing services, physical goods, ideas, and startups
- Offer unique rewards to backers
- A variety of advanced social features
- None so far