What is The Innovatio Founder?

The Innovatio Founder is a decentralized crowdfunding platform that was born with the intention of offering a P2P marketplace for funded, unfunded Project Catalyst proposals and blockchain external projects.

It is a reward, donation and equity-based platform. The deposit, management and distribution of funds are disintermediated using smart contracts dawn up in Plutus / Haskell.

Projects must pass an audit process, presenting milestones and periodic results, in this way those involved will vote to release the money in a consensual manner.

The platform accepts payments in fiat currencies (USD, EUR, LBS, etc.) and cryptocurrencies (ADA, BTC, ETH, LTC, XRP, USDT, etc)

Deposits are stored in the ADA-based stable-token (a token referenced to the dollar) preserving the value of deposits and minimizing volatility arising from large fluctuations in crypto market. There are options for the selection of this coin which include the AGEUSD.

The cost of running the platform is recovered by charging a fee equal to 5% of the total amount raised if the project has reached its goal or receives an amount of donated funds. To support the Cardano community, we will reduce the fee to 2.5% for all projects that have been financed in a Project Catalyst Fund, without limitation of submissions.

Very important see the attached files, they contain totally relevant information to understand the project.

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General Ecosystem Issues

Fund related issues

1. Fewer than 10% of proposals identified as fundable, are funded in each funding round. And the amount awarded is recognized to be insufficient to bring medium or large-scale projects to sustainability, increasing the potential for failure.

2. The most likely investors in cryptocurrency projects are people or funds that understand and have invested in cryptocurrency previously and to date do not have platforms that accept them as payment, making it impossible to diversify their portfolio and they are forced to liquidate crypto holdings to fiat (in order to invest) may have created a taxable event.

3. Project Catalyst is not likely to attract mainstream or even cryptocurrency investors, and projects are so far almost all very early stage, underfunded start-ups.

4. Marginally financing a project does not ensure that it will be developed successfully.

 

Catalyst Networking Issues

1. Channels to identify co-founders, team members or advice in different areas are mixed-up. Discord, TG and IdeaScale have limited reach into the broad community of potential collaborators.

2. Project Catalyst lacks a bridge to connect entrepreneurs and developers focused on funding startups in this new de-fi market.

3. Project Catalyst does not have a clear space dedicated solely to the emergence of collaborations and projects.

 

Community Related Issues

1. Little reach to community member who do not speak English as their primary language.

2. Geographic focus on US and Europe.

3. A community with diverse objectives, which generate confusion and ineffectiveness.

4. A community with little external reach to Cardano connoisseurs.

5. Lack of commercial perspectives.

6. Project are not designed to be self-sustaining.

7. Lack of didactic content for the adoption of new users to the ecosystem.

 

The Innovatio Founder attempt to address these problems in the following way.

• Offering a P2P platform organized to attract new developers and entrepreneurs to present projects and learn about Blockchain technology.

• Reaching out to non-english speaking community (Initially Spanish speakers)

• Aiming to establish Innovation Finder community in several countries to reach potential investors.

• Facilitating investment using cryptocurrencies and fiat currencies expanding the pool of investors and collaborators.

• Building Smart Contracts for the disintermediation of fund administration

• Enabling investor oversight and consent in relation to the from periodic reporting on KPI's or milestones.

• Developing a network designed to facilitate new users joining the community, helping to learn this technology, generating content and offering productive tools for them.

• Facilitating mutual collaboration between entrepreneurs and developers with defined communication channels thus offering an improvement in the quality of projects.

• Developing audiovisual content for the arrival of new users, contributing to their creativity on the implementations of blockchain technology.

• Developing bilingual content, Spanish-English, expanding the scope of networking to many countries.

• Support due diligence efforts to help projects present a more serious and objective plan.

 

Evolution of the project

The Innovatio Founder team has already been hard at work of:

• Legal compliance.

• Implementing payment gateway.

• Building smart contracts, multisignature procedures, audit process to secure the funds.

• Developing networking channels in Discord and TG.

• Assembling a solid team of 8 techs, UIX development specialists, back-end, dev-ops and system engineers, achieving great communication and understanding of the project.

• Self-financing of the project for 4 months and the next 2.

• Created a target roadmap.

• Creating a beta website, re-fund mechanism, external wallet connection linked to each user, etc.

 

Why we chose Development Ecosystem?

• The Innovatio Founder is much more than a DApp, it is a large-scale project that differs in a crucial point from a DApp, it is a web based platform, with his own database and isn't running in the blockchain.

• Our mission is to help both developers and entrepreneurs achieve sustainable success.

• We provide tools (non-blockchain, non dAPP) so that proposers can work more efficiently and focus on generating new projects.

• Our discord server provides clear communication channels to promote mutual collaboration between professionals. (Innovatio Finder)

• The funds requested also go to contribute to the expansion of the community in several countries, in turn generating a greater attraction of developers and facilitating the adoption of the technology.

 

What KPIs measure the success? Next 3 months.

1. Projects presented that use blockchain technology.

2. Users on Discord server.

3. Projects that have gotten significant help from the Discord server.

4. Followers on social media

5. Participants in beta-testing, MVP and MCP.

6. Amount of ADA delegated to the Innovatio pool.

 

Roadmap

• Launch of the Landing Page for the Beta-Tester registration. (24/04)

• Registered a company in Estonia. (E-Residency) (May/June)

• Build our own pool for the Cardano delegation. (May/June)

• Configure a Discord server such as basic networking (text channels, labels, categories, bots, etc) (in the future a platform will be launched with the name of Innovatio Finder) (May/June)

• Payment of fees for licenses required to operate in the European Union (AFS) (June/July)

• Launch of the MVP (Navigation of the Website, Project Draft Development, Audit Process Experience, Configuration and Customization of each User, Connection with External Wallet, etc) (June/July)

• Launch of the MCP (improvements at the design and navigation of each user, implementation of the Smart Contracts for the Re-Fund process and real-time conversion of the funds, last retouching before the final version) (July/August)

• Audit of Smart Contracts for legal use within the platform. (August)

• Launch of the final platform to market. (September)

 

Definition of success after 3, 6 and 12 months

Our success in this chronological stage would be:

3 months:

1. Achieve the registration of 50 beta-testers to obtain quality feedback for the latest version of the platform.

2. Have a community destined for the blockchain on Discord of 500 people.

3. Get the complete MVP with all the functions described.

4. Periodic interaction with the community for the continuous improvement of the project.

5. Offer a place of collaboration and impulse for new start-ups that implement blockchain technology.

6. Have a presence in social networks and daily content.

 

6 months:

1. Have a Discord server of more than 2500 people.

2. To be a leading start-up in the adoption of blockchain technology for the market.

3. Have designated people and defined channels with programs for objective help to new projects development.

4. Periodic interaction with the community for the continuous improvement of the project.

5. Offer a learning and development space for blockchain technology with external education projects.

6. Offer a place of collaboration and impulse for new start-ups that implement blockchain technology.

7. Development of the MCP (pre-final) platform with the execution of the Smart-Contracts, consensus of liquid democracy in each project and the execution of the re-fund of the funds to each wallet.

 

12 months:

1. Begin to process the necessary licenses to incorporate the DEBT category to the platform.

2. To be a totally self-sustaining platform.

3. Focus on the development of the Innovatio Finder platform.

4. To be the main platform that promotes the financing of various blockchain projects.

 

We reiterate the IMPORTANCE of reviewing the attached documents, which explains the budget breakdown, team members and their LinkedIn profiles, the technical section, and the Business Plan is very important to understand the platform model.

Our website is now available, enter and register to be able to try the MVP beta-testing!

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Spanish Interview:

Social Networks

Twitter: https://twitter.com/InnovatioGroup

Facebook: https://www.facebook.com/InnovatioFounder

Instagram: https://www.instagram.com/innovatiofounder

Discord: https://discord.gg/tcrdaytKDg

Spanish Telegram Group: https://t.me/innovatiofinderesp

English Telegram Group: https://t.me/innovatiofindereng