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ForceFi: introducing the decentralized crowdfunding by mikezillo

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· @mikezillo ·
$9.04
ForceFi: introducing the decentralized crowdfunding
I have been working with Mikhail, the CEO and Founder of ForceFi one year ago, when he onboarded me on Bitlevex, an exchange where we tried to integrate tokenomics after the launch of the Exchange to stimulate people in taking learning paths into the platform. 
I liked the way he worked. Pragmatic, not too much of a dreamer but rather a practical person. 

When he contacted me again in December, I was of course interested in what he was working on. I knew the approach would have been realistic again. 

He talked me about the idea of creating a decentralized crowdfunding platform and I was amazed. I really liked the idea of a decentralized platform to crowdfunding to give 100% transparency to the investors (even institutional) that are investing into a project that would carry the ICO through ForceFi.

![](https://images.ecency.com/DQmS4ScKnBZuUhkhQQ5SSoV6gFwuD1NRVx2FULkfhHFZCFV/force1.png)

The first name we thought was DFO: Decentralized For-Profit Organization but it was temporary as we were not really convinced about it. Then, after an internal team-brainstorming we came to ForceFi. 

## ForceFi: the Force into Finance

You can see the page here https://www.linkedin.com/company/forcefi/ and here the project link
https://docs.forcefi.io/ 

Anyway, when talking with Mikhail I highlighted one point: we missed the “decentralized” form to guarantee that the project we were onboarding were deserving and legit without a centralized control from a committee or from the Founders. 
That’s were I introduced the “Curator” role. Together we decided then to integrate Curators and Super-Curators for the evaluation of the projects that after onboarding, could really advance to the Crowdfunding stage. 

>Curators and Super-Curators will be the spine of a self-regulating Evaluating Committee


![](https://images.ecency.com/DQmNfVEWZcxZ8TfZW6rtZm1PsvwSEKKEsBmgoE58UGbqBvV/force2.png)

Curators are going to be an independent committee that will be chosen from the project or they will be able to apply to become a Curator of the project joining ForceFi. 

What are going to be the benefits for Curators? 
1. A **Share** from the rasied funds from the projects
2. **Extra** forms of **Monetization** by performing actions onto the ForceFi platform
3. Possibility of **extra-Deals** with the project


Projects will have a double stage joining ForceFi. In the *first one* they will pay a small fee of 0.5ETH to be pre-assessed from the Curation team. Curators will be asked to join the Curation team OR they will freely apply to be onboarded in the Curation team of a project. 

![](https://images.ecency.com/DQmczd7LRfvdPm4t51GVTcULXKigKeihfCySokSic8VgHH7/image.png)



So, be careful: the **Business Model** is not to get the fee from as many project as possible as that is just a symbolic fee to commit the project to work actively with the Curators. We are building a decentralized launchpad so our profit (as well for Curators and Stakers) will be the successful raise of the projects themselves!

Besides, in exchange for such Registration Fee the project will get 

1. The set of **smart contracts** to start crowdfunding in a fully transparent way
2. Access to **Curators**, professionals that may be involved to improve, assess and promote the project
3. Access to the whole **Growing community**, **Funds** connections and much more
4. The onboarded project will get **Options** on **FORC tokens** with a random expiration date, that may provide them a great possibility for a additional value (that we expect to be even higher than the Registration-Fee)

After the Curator’s evaluation, the Project may be asked for further development of some parts of the project like Tokenomics, Marketing, IT Development, and so on. Once ready, the project will be open to fundraise through smart-contracts that will keep transparency on all the raised funds. 

Curation team, then, will get a share on all the raised funds if the Crowdfunding reaches the Soft Cap, that will be established in advance. In that way, Curators that have already contributed to the evaluation of the project and have stated that the project is ready (after potential integrations) they will be actively involved in the crowdfunding part, getting rewarded on the total success. 

At the moment, we are seeing a huge demand to join the Curation team so we have removed the cap at 80 people forming the Curation Team, onboarding all the deserving profiles. At the moment we are looking for some KOLs and influencers but also for professionals from different expertise that can cover all the evaluation checkpoints of the project. 

So, we are not simply onboarding all the people applying because we want to keep the level high, to ensure a very high quality of due diligence from the Curation Team to the onboarding projects. 
Not all the Curator will be always be onboarded and we plan to involve maximum 7 curators per each project, depending on the size of the crowdfunding. 


![](https://images.ecency.com/DQmbpPUYM3gs7vdMTHFL4w1WbWaGUK9UGkRAJeh4dTYSReA/image.png)



Besides, there are a couple of other Key Features on ForceFi: the first one is that all the Token Holders that will hold more than 30k FORC tokens will have the rights to take part into a share of the earning made from ForceFi. We called them "Dividend Earners/Angel Investor". We are still looking for a proper name for such role.  

![](https://images.ecency.com/DQmRvDvohnpwp7RQYvhSfeSAtXeAHrW9Egjktj1ERD6M1Xb/image.png)



We will also have a referral program for Users onboarding projects and Curators. In this case, a percentage of the revenue from the Project and a share of the Earning of the referred Curator will be shared with the referrer. 

We are really working to create a **self-sustainable ecosystem** and the Curators applications are open. If you would like to be onboarded and have the chance to take part in active evaluation of projects, make sure to give us a shout! 
In this moment, **by applying to become a Curator**, there will not be the commitment of purchasing an amount of token, that after the launch will be required to apply to become a Curator. 

Check the Whitepaper and the page. If you are interested, drop a link or ping me on Telegram at @ mikezillo , or reply here so I will drop you privately the link and the instructions to Apply for the selections for the Curator and Ambassador roles! 

 

<code>All graphics have been taken from https://docs.forcefi.io/</code>
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👎  
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vote details (55)
@alonicus ·
$0.10
This looks really interesting - I've popped a reply in here as a bit of a "holding response", just so I can find it later !  Once I've finished today's "real world" work, I'll read through the white paper in detail. 

But be warned, I might have to play "Devil's Advocate" with awkward questions. It's what happens after too many years running an e-commerce business, and Compliance and Accounting before that 😁
👍  ,
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vote details (2)
@mikezillo ·
$0.09
EHeheh, thanks for the comment, anyway 😎
Sure, make sure to give it a deep look and get back with all the questions you may have! If you may be interested in going deeper, I can even try to setup a call with the CEO of ForceFi!
👍  
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vote details (1)
@alonicus ·
After reading it through, the one thing I hadn't realised is that it's purely crowdfunding for launching new tokens and pure crypto projects. That solves a lot of the questions I had around transparency, because it makes it far easier to enable. 

However, my interest is more in seeing crypto-based crowdfunding being used for the kind of non-crypto SME's that currently go to places like Kickstarter. The hope would be that those businesses could then be pulled closer to the cryptosphere, to start creating crypto economies that are part of the physical world, not just digital. The return on investment would represent fiat converted into crypto liquidity, and it would also make those businesses more responsive to using crypto for payments and day-to-day business activity.
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@ecency ·
**Yay!** 🤗<br>Your content has been **boosted with Ecency Points**, by @mikezillo. <br>Use Ecency daily to boost your growth on platform! <br><br><b>Support Ecency</b><br>[Vote for new Proposal](https://hivesigner.com/sign/update-proposal-votes?proposal_ids=%5B245%5D&approve=true)<br>[Delegate HP and earn more](https://ecency.com/hive-125125/@ecency/daily-100-curation-rewards)
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@zealous4ever · (edited)
$0.02
RE: ForceFi: introducing the decentralized crowdfunding
This is a promising project, I'm glad you're part of this, I know your experience in the blockchain field will really help the project achieve greater success. I'll definitely go through the document. Thanks 😊 
!hiqvote
!PIMP
👍  ,
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vote details (2)
@mikezillo ·
$0.02
The project and the team are very promising. I will surely do my best to make ForceFi succeed and positively impact the market
👍  ,
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vote details (2)
@thepimpdistrict ·
<center>
<sup>You must be killin' it out here!</sup>
<sup>@zealous4ever just slapped you with <b>1.000</b> <b>PIMP</b>, @mikezillo.</sup>
<sup>You earned <b>1.000</b> <b>PIMP</b> for the strong hand.</sup>
<sup>They're getting a workout and slapped <b>1/1</b> possible people today.</sup>

<img src="https://images.hive.blog/DQmWH3SUfgfADfqzyyTQ1WhpeA3tS5PNo8gQYGeTzYVpqmA/PIMP.png" alt="pimp_logo">

---
<sup>[Read about some PIMP Shit](https://peakd.com/hive-111011/@enginewitty/pimp-v30) or [Look for the PIMP District](https://discord.gg/VrDubcEqd4)</sup>
</center>
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@thepimpdistrict ·
<center>
<sup>Aw man @zealous4ever, you are out of <b>PIMP</b> to slap people.</sup>
<sup>Go <b>Stake</b> some more and increase your <b>PIMP</b> power.</sup>
<sup>(We will not send this error message for 24 hours).</sup>

<img src="https://images.hive.blog/DQmWH3SUfgfADfqzyyTQ1WhpeA3tS5PNo8gQYGeTzYVpqmA/PIMP.png" alt="pimp_logo">

---
<sup>[Read about some PIMP Shit](https://peakd.com/hive-111011/@enginewitty/pimp-v30) or [Look for the PIMP District](https://discord.gg/VrDubcEqd4)</sup>
</center>
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