NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Using crowdfunding and cryptocurrency to fight poverty

newsbtc
newsbtc
1 year ago
2 mins read
RootsProject

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Crowdfunding is a great way to get the capital you need to complete projects, or to create innovative solutions you want.  However, the reality is that successful crowdfunding needs creative and comprehensive campaigns, and sometimes the initiators of these campaigns don’t have the time to complete them.  RootProject appears to have the solution.

The business model combines crowdfunding, cryptocurrency and giving back to the community to create a sustainable and effective alternative to traditional crowdfunding.  Anyone can initiate a project, and not have any idea how cryptocurrencies work, and RootProject or one of its partners will complete the project.  They also place a strong focus on using laborers from below the poverty line to work on these initiatives.  They’ve partnered with a wide variety of non-profit organizations (NPOs) to do just that.

To show that RootProject is a global example of how cryptocurrency can aid NPOs, the platform will not only be focusing on American organizations.  They’ll be going international, starting with Asia.  They are however using US-based NPOs for their pilot projects.  They are: Cocoon House, who help homeless, with a focus on LGBT, teens; Cycle Kids, who provide bikes to underprivileged children to use as transport and as a way to get healthy; and Tech Goes Home, who will provide laptops and offer basic tech literacy to impoverished children.

A portion of each project’s proceeds will be allocated to the purchase of token, which will of course drive currency demand.  The laborers’ wages will be paid in fiat currency but cryptocurrency worth half of that day’s earnings will be deposited into a pension-like fund entity.

The work that this company is doing seems to have definitely piqued the interest of investors as they achieved 512% of their original pre-ICO goal.  Their ICO is scheduled for the 14th to the 17th of November.  It was planned for earlier, with their investor focus being on China, until the country banned all ICOs.  The company has subsequently decided that pre-ICO participants will receive an additional 10% bonus due to the delayed launch of the ICO.

The Minimum Viable Product (MVP) was scheduled to be launched 45 days after the ICO but by making enough progress, the alpha version of the platform has already been launched.  Additions to the MVP, to be made after the ICO, include adding essential decentralized governance and participatory structures, which will be powered by Roots Tokens.

Even though the pre-ICO was conducted in Ethereum, buyers will be able to use Bitcoin and fiat currency, in addition to Ethereum, to purchase their Root Tokens.

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Comments 2

  1. getcrypto.info says:
    8 years ago

    Nice to see new and different things being done with crypto!

    Reply
  2. gadgetcouncil.com says:
    7 years ago

    They are launching the Rootshop in June, looking forward to it.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 2

  1. getcrypto.info says:
    8 years ago

    Nice to see new and different things being done with crypto!

    Reply
  2. gadgetcouncil.com says:
    7 years ago

    They are launching the Rootshop in June, looking forward to it.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin Stalls After Rally: Will It Blast Through $125,000 Or Slip Back To $110K?

After a powerful breakout last week that pushed Bitcoin into a new all-time high of $118,667, the world’s leading cryptocurrency...

Scott Matherson 12 hours ago
Bitcoin

Kiyosaki Awaits The Next Bitcoin Sale: ‘My Fellow Pigs And I Are Feasting’

Robert Kiyosaki, author of “Rich Dad Poor Dad,” stepped back into the Bitcoin market with a bold move. According to...

Christian Encila 13 hours ago
Ethereum

Ethereum Chart Confirms Bull Flag Breakout: $3,834 Target Comes Into View

Ethereum has finally touched the $3,000 price level once again after spending weeks trading in a narrow range beneath $2,800....

Scott Matherson 15 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin price news

Bitcoin Price Crash Possible As Correction Sentiment Takes Hold — $110,000 Next?

Scott Matherson 2 hours ago

Arthur Hayes預測怪獸級山寨幣風暴來襲!哪些冷門項目有望暴漲1000倍?

Mark Mak 6 hours ago
Ripple

Ripple’s $21 Trillion Dream: What Capturing 20% Of SWIFT Volume Means For XRP

Scott Matherson 8 hours ago

Premium Sponsors

Press Releases

  • Mint

    Zak Manhire Launches Mint. io: A Web3 Gaming Platform...

    14 minutes ago
  • アルトコイン急騰の今買うべき仮想通貨プレセール

    ...

    15 hours ago
  • 仮想通貨おすすめ|強気市場で爆発的成長が見込まれる注目のミームトークン

    ...

    15 hours ago
  • BTC最高値更新の中で注目される新たなレイヤー2プロジェクトが狙う仮想通貨1000倍の可能性

    ...

    15 hours ago
  • ビットコインが11万8,000ドルの最高値を記録する中で注目すべき仮想通貨プレセール

    ...

    2 days ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.