Introduction:
Susumi will release excess capital from local groups, communities and expatriates worldwide and channel this capital into the socioeconomic transformation of any underdeveloped community.
Susumi is a platform for a suite of blockchain-based financial applications designed to build community wealth. Its main purpose is to provide unique decentralized systems for personal and corporate fundraising
Susu is a variation of crowdfunding that was practiced long before the advent of the Internet.
It is a centuries-old traditional financial system, sometimes understood as a form of cooperative finance or as a social financial system in many parts of the world from Asia to Africa to the Americas.
It has different names in many local cultures but is commonly referred to as Susu.
Susu Philosophy
Susu is a financial cooperative.
To To's approach creates a new mindset, a philosophy of getting rich together.
The group's meager financial contribution helps build the individuals, and in the process, the group as a whole becomes economically stronger.
Susu promotes a unique collaborative financial system that allows individuals to leverage group resources.
Susu Limitations
The traditional Susu system is completely based on trust. It can only exist in communities where there is strong attachment or substantial social capital.
There are many well-documented problems with traditional Susu practice. It doesn't always work as expected. The main limitations of To To are:
Decentralized Susu
The Susumi App is an evolution of the traditional Susu on the blockchain.
The main difference from decentralized Susu is that instead of a dedicated Susu custodian holding funds and scheduling payments, a blockchain smart contract can be used to act as custodian and regulator. regulated, regulated, truly independent of the Susu Foundation.
This makes participation in Susu a trusted transaction based solely on the set rules of the smart contract to ensure each participant becomes a beneficiary.
Decentralized Susu is a new type of Susu where participants can make a one-time contribution to Susu and become a one-time beneficiary.
Susu creators will be responsible for inviting subscribers to join their Susu, while smart contracts can incentivize participation by creating a pool or liquidity fund to incentivize payouts, giving Susu more possibilities success faster.
The impact of a decentralized Susu is that each person or community can easily autonomously use the funds managed by the smart contract to provide for their financial emergencies without going into debt.
Thus, a decentralized Susu becomes a more viable crowdfunding model.
SUSU Tokenomics
Token Model
The Susumi Coin token is a BEP-20 utility token developed on the Binance Smart Chain Network.
It serves as the native token for the Susumi platform.
95% of the total SUSU token supply is deposited in the smart contract. New SUSU tokens will be issued by smart contracts as rewards for Susu Foundation sponsors.
The SUSU token is deposited back into the smart contract to create a new Susu fund.
Token Pricing
Reward tokens issued to sponsors after the Susu Fund expires will be valued at the price of the tokens at the inception of the Susu Foundation, regardless of the market price at the time of the Subscriber's donation.
Basically, the new $SUSU token will be distributed through donations to the Susu Foundation.
This unique distribution model means that the $SUSU token is not subject to market speculation about its price or value.
The Susu smart contract has a built-in pricing algorithm that adjusts the price and value of the SUSU coin by calculating the issuance rate and depositing reward tokens into the smart contract against the total number of tokens.
This $SUSU pricing mechanism keeps the fund's value constant over time and limits the impact of speculation on the price of $SUSU in the open market.
Contact Links
Telegram: https://t.me/Susumi_Crowdfunding
Twitter: https://twitter.com/Susumicoin
Facebook: www.facebook.com/groups/susumicoin/
Instagram: https://www.instagram.com/susumicoin/
LinkedIn Page: https://www.linkedin.com/company/susumi-capital
You Tube: https://www.youtube.com/channel/UCj3EyrosZsjcsvlNyWdrAVw
Email: [email protected]
Susumi App: https://www.susumi.io
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