INTRODUCTION
ccFound is a Defi platform established to help users from across the world to exchange valuable online information and share wisdom. It is designed to entertain different languages from various countries of the world.
The platform offers its users basic tools and assistance in a conducive environment to develop, showcase, exchange and monetize their talents. There is an established marketplace for users to transact valuable information products through webinars, publications, courses etc.
The platform is managed by a team of experts that have strong zeal in the cryptosystem. Their wealth of experience will be very useful in taking the community to greater heights. The community administration will be decentralised to allow members to contribute to the management decisions of the platform, while giving the developers a greater influence in management decisions.
Recently, internet users find it difficult to get required solutions to search problems, thereby spending more time searching for a proper solution. ccFound will create a platform that will compound adequate online information and products that will give lasting solutions to these challenges.
BUSINESS MODEL
ccFound intends to build its database by acquiring information through questions and answers in various products and aspects and in multiple languages. Initially it will start with cryptocurrency, which has numerous participants that will help to build a strong database. Numerous questions will be engaged and treated in order to broaden the knowledge of its users.
Subsequently, a marketplace of products will be established in English and Polish languages. Various platforms will also be developed to deal with issues like relationship, health, science and others, as determined by the regulatory body of the community.
The community will create a conducive tool and environment for experts from all walks of life across the globe to develop, interact and exchange wisdom. They will also have the opportunity to monetize their knowledge and make a living, unlike other platforms.
MAIN PROPOSITIONS OF CCFOUND
The management of ccFound project has proposed the following for proper clarifications about the community.
Applicable Law
The project was established under the dictates and provisions of public law. CC coin should never be considered a financial instrument and can never be transacted on national stocks or securities markets.
Liability
ccFound community is obliged to furnish its users with accurate reasonable information for their perusal about the project.
Nature of document
The documents of the project will contain needed information tips about the projects and operations of the community. It focuses on availing its users of the useful details about investing in the CC coin. Nevertheless, it is not an invitation or advice for investment, as the community will not be liable for any loss.
CC TOKEN
The ccFound platform is governed by a native token referred to as CC. It is an ERC-20 token built on Binance Smart Chain. 2,000,000,000 CC tokens will be issued to the community. Management has the right to issue more tokens if there is need for such, with the consent of the community. Control mechanics will be installed to ensure the control of the availability of the tokens in order to maintain its market worth during volatile situations.
The CC tokens are allocated as follows:
ICO-50%
Private sale-14.5%
Sponsors-20%
Retained CC-15.5%
The management set some conditions that must be met by buyers of CC tokens including KYC completion. EU tax resident investors who want to buy Found coins below EUR1000 do not need to complete KYC, but above EUR 1,000 buyers must complete the KYC. Investors from outside the EU must undergo the KYC procedure, regardless of the amount to purchase.
Holders of the tokens can easily sell it at any willing time after the introduction of the coins in an exchange market.
The management retains part of the supplied tokens because of the following reasons:
To purchase rights to the platform from the sponsors of the Found project - Cryptography research Ltd.
For investment purposes on Found projects.
To establish complementary business portals for the benefit of the community and its members.
To participate and have more powers in the DAO voting process.
Features of CC
The Found coin has special features and gives its holders the following rights and privileges in the community.
Access Authorization
The found coins give its holders authority to access special information contents. There are unique products whose producer may limit its access to special conditions; only holders of Found coins will be given access to such contents.
Voting powers
Holders of Found coins will have the right to vote in governance decisions relating to the development and growth of the platform.
Payment and Billing
The Found coins will be used in payments and settlement of bills in the community. Exchange of products and services can be transacted using Found coins.
Evaluation
Users who give exceptional services and achieve great deals for the community will be rewarded with the Found coins.
Signaling and Crowdfunding
Holders of Found coins are entitled to create their personal events in the platform, raise some funds and allocate some proceeds from the event to the community.
Discount Coupon
The owners of Found coins are given discounts on the goods and services provided in the platform.
Forms for the purchase of the tokens can be accessed at https://shop.ccfound.com
All transactions in the community must be done with the CC coin. Users can develop and market their products on the platform in some agreed terms. The coins proceed from the community are distributed as follows:
The author/producer of a product gets 80% of the product proceeds. The remaining 20% will be retained in the community and applied as follows:
Holders of CC tokens are allocated 50% for their rewards.
40% will be kept in the development treasury for future development.
Management will burn the remaining 10% in order to limit the availability of the tokens.
FEATURES OF CC FOUND
ccFound has some unique features that differentiates it from other Defi and information platforms. They include:
Availability of enabling environment, tools and reasonable partnership agreement to assist and motivate its users to develop and share their knowledge.
Presenting educational programs like workshops, webinars, publications, conferences, educational courses from the best teachers.
Securing good jobs for trained experts and linking employers with employees.
Establishment of valuable products both in the platform and across Defi platforms in order to attract more users and promote the community.
Delegation of organizationals powers to the community members. This will help to reduce fraudulent activities and unnecessary spams.
Users will be given permission and encouraged to put more commitment in the growth and stability of the community.
Smart contracts will be established and adopted in all transactions in the community to ensure safety of the platform.
KNOWLEDGE ACCUMULATION IN FOUND
The management of Found has conducted research on how information is garnered in various internet forums and applications such as Yahoo, Quota, Wikipedia, Stock Exchanges, Facebook etc. From the findings, it is resolved that users can accumulate information in the Found platform through the following measures:
Arranging recent questions in categories, from starters to advanced stages, according to number of votes. This will facilitate easy information self-updating and increase in the knowledge base of the platform and also help the readers to easily locate their favorite topics in the education process.
Questions should not be duplicated unnecessary in the platform to keep it orderly.
Providing good reward packages to users with extraordinary knowledge and ideas.
Maintenance of order by accepting reporting and examining contents alongside a 4-tier judicial system.
Development of accurate automatic language translation machines in order to facilitate moderate, quality and accurate transactions.
Developing push messages in browser notifications.
Establishment of Mobile apps.
Creating avenues to monetize the knowledge of the users through an internal information marketplace.
WARNING
The contents of ccFound white paper and website are not advice or invitation for investment, rather, it is for information purposes. Users must agree to be abreast of the risks involved in trading cryptocurrencies. Therefore, they are advised to consult legal and financial experts for professional advice and direction.
The ccFound platform has some risks that might affect its users and cause some losses. Such risks include:
Operational risks
There may be system failure as a result of human errors or hackers activities. This may disrupt the community operations and result in losses to the community.
Liquidity risks
Failure to meet contractual agreements by the management may lead to poor services and products in the community. Thereby affecting its liquidity.
Changes in task and legal environment
There may be changes in tax laws and regulations, and which may have adverse effects on the business activities on the platform.
Blockchain technology related risks
There may be various technical challenges in the blockchain technology which may affect the operations of the platform.
Cryptocurrencies exchange rate changes
The prices of cryptocurrencies may nosedive sometimes, causing adverse effects on the assets of the investors.
Wallet and private key risks
Wallet keys are private and should be kept safe and never disclosed by the participants. Management will never ask for it, no matter the circumstances.
Fluctuations in ordinary currencies
Economic and political factors may have negative effects on local currencies. This will affect users that bought Found coins with such affected currency.
Low return of expectations
The return expectations of the investors may be lower than expected.
The ccFound community will never take the responsibility of any loss resulting from these risks.
ROADMAP
This is the list of events and procedures that leads to the successful establishment of the Found project. They are as follows;
Q4, 2019. Beginning of creation process.
Allocation of funds for project creation
Development of preliminary technical specifications
Brand development and naming
Publishing the manifesto
Creating and consulting group advisors
Establishment of corporate agreement to develop the software Alpha version of the platform and engaging a legal firm to create a tokenization plan and supervision of substances.
Mid, 2020. Testing of Alpha Version and development process.
Publication of Alpha version and closing its testing on the platform
Continuous improvement of the code and functions of the platform.
Completion of technical documentation of the platform.
Launching systematic content creation on the platform in Polish and English languages.
Analysing feedback from advisors and consultants, and redesigning the platform for a better version.
Development of Found coins distribution strategy and the appropriation of funds realized from the distribution.
Consultations with experts in the field of coin distribution.
Establishment of a special process for the implementation of the project.
Q4, 2020. Beginning of private sale
Completion of legal aspects of Found coin distribution
Publishing white paper, preparation of two versions of the pitch deck and creation of promotional films in Polish version
Designing and implementation of Found coins platform with the KYC/AML module.
Launching marketing activities to get investors.
Implementation of private sales in Polish speaking market only.
Summarizing private sales results.
Translation of marketing documents into English and preparation of marketing plans in English speaking markets.
Launching recruitment process for system programmers and architects and IT security personnel.
Implementation of new responsive design.
Q1, 2021
Preparation of smart contracts and issuing of Found coins (after private presale)
Consultations on smart contracts auditing in order to ensure the safety of the platform.
ICO pre-launch, including interviews, public appearances and reviews.
Mid, 2021.
Implementation of marketing plans to maintain investors interest in the ICO
Completion of MVP on the platform
Official opening of the platform to wider users
Consultation and implementation of DAO mechanisms to decentralise the organization
Commitment of the voting process in the DAO
Decentralization of the content creation process - delegation of editorial, publishing and translation tasks.
Q1, 2022
Completion and summarization of ICO.
Implementation of content monetization process and enhancing publication of information products by most popular authors
Further development of the platform with funds realized from the ICO
Calculation of token holdings by investors
Listings in exchanges - DEX, Poland and world exchanges
Decentralization of the portal development process
Decentralization of the management process - supervision, reporting and planning controls.
CONCLUSION
The internet users have passed the era of information and knowledge acquisition. Now is the era of acquiring good quality wisdom from the Internet. Found has the needed products and measures for internet users to create, share and monetize their intellectual capabilities.
This will help to lure more users to the community, enhance its liquidity cum sustainability, and improve the entire crypto system.
Useful Links: https://t.me/ccfchat
https://shop.ccfound.com/
https://www.linkedin.com/company/ccfound/
https://twitter.com/ccfound2
https://shop.ccfound.com/media/other/EN/ccFOUND-whitepaper-EN.pdf
https://www.facebook.com/ccFOUND1/
http://youtube.com/channel/UCeUWDOf5QLZnVr3C-lM4WKA
Writer Details:
Bitcointalk Username: Movearmy
Bitcointalk Forum Link:
https://bitcointalk.org/index.php?action=profile;u=2768203
Proof of Authentication: https://bitcointalk.org/index.php?topic=5341103.msg57158908#msg57158908
BEP-20 Wallet Address: 0x52De5Bb527946Faec9FA79293894208dAbdDe6C5
I love this project.
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