creating a new global standard for industrial fundraising by creating the first global and decentralized donation market.

http://www.supporterinc.io/

Abstract

People do not trust charity, and for good reason. This trillions of 
industrial dollars is  plagued with scandalous and irresponsible shipping rampant. Sometimes, only 3% of the donations actually support that ( https://www.rd.com/culture/how-charities-spend-money/ ). So what happened to the other 97%? Unfortunately, there is never any real way to find out. That is, until now.

Introducing SupPorter, the world's first Blockchain Donor Producer  
System, for Nonprofits and Political Campaigns. SupPorter uses new, advanced technology in Blockchain Technology to allow organizations to receive real (fiat) and digital eye donations (crypto). This will provide services with faster,  
cheaper and more transparent ways to donate.

What makes SupPorter ideal for ICO, is that this is what is already in the fundraiser with an experienced team that knows industry-related issues. It's not an idea or concept of light being crossed out on a napkin. SupPorter has a working prototype, Applications and Websites that have enabled organizations to raise funds at the lowest cost in the industry ( www.supporterinc.com ). SupPorter is perfectly positioned to be a company that uses blockchain technology. You can think of SupPorter as a new global standard for  
the fundraising industry.

Background

Recent Situations and Market Opportunities

Many people do not consider the fundraising and donation space as his own market, but this is one of the largest markets on the planet. This market is processed around USD 500 billion of payments in 2017 alone (Source: Giving USA). This is the number expected to grow exponentially over time.

Of all fundraising organizations, the largest are Religious Groups, Political Campaigns, Nonprofits / NGOs, and Colleges / Universities. These organizations have been dominating the donation and fundraising landscape for a long time, and have seen remarkable growth over the years. Despite steady growth over the years, there are two specific events that change the landscape most dramatically.

The first show was the invention of the internet. For the first time, organizations can expand their reach beyond the local community and receive payments online.

The second event is the emergence of social networking and social networking. For the first time, organizations can reach specific individuals and solicit donations through crowdfunding or other methods.

Mission and vision

SupPorter's mission and vision is to create new global standards for industrial fundraising by creating the first global and decentralized donations market. A market that provides organizations with new and better methods to raise funds by leveraging innovations in blockchain technology. The cheaper, faster, and more transparent methods of the current model while rewarding people and organizations to participate in the process.

How it works

Overview

SupPorter will be the first Smart Donation Processing supported by Blockchain Systems, for Nonprofits and Political Campaigns. Organizations will register SupPorter at no cost, which will enable them to receive, distribute and track Token SP. These tokens will be decentralized through open, safe, 
Ethereum Blockchain, and without the need for centralized intermediaries such as banks. This alone is expected to provide instant bumps to the bottom line of the organization by storing 3-15% on processing costs.

Donations will be recorded automatically in the Distributed Ledger, and the use of Smart Contracts will give donors the ability to apply "Conditional Delivery". That is, donations can only be executed if certain conditions are met. This will provide donors with complete security knowing that their donations are being used as intended.

SupPorter is also expected to simplify and automate the end-of-year filing process radically. Data from the Distributed Ledger can be easily sorted, analyzed and incorporated into financial reporting forms. Usually, money is just a store of value and almost impossible to put in different categories. However, since SupPorter is a "Smart Processing" system, different money can be classified into different categories, and custom algorithms can automatically generate and complete financial reporting forms under this category. For example, the IRS Form 990 is currently a big issue for Nonprofits. This form is usually more than 50 pages and can take the accountant team for weeks to complete. With SupPorter,

The beauty of SupPorter, is that donors do not need to use cryptocurrency. This is because donations, regardless of their currency, can be changed seamlessly into SP Token on the front and back. This means we do not ask for older, more generous, but not too tech-savvy donors to change the way they support the organization over the years.

Competitive advantage

The already huge decentralization of donation markets comes with many advantages over today's centralized model:

Lower Costs and Faster Transactions

In today's environment, organizations that receive funds are forced to rely on traditional FIAT Banking Institutions that have a monopoly over assets and transfer processes. When an individual or organization initiates a transaction, they essentially ask their bank to make transactions on their behalf. This centralized implementation in the current FIAT banking system results in the loss of power and control of the end user, who is the true owner of the asset. These institutions can in turn perform actions that are not directly in the best interests of the end user. This process is time consuming and expensive, but it happens continuously throughout the day. With SupPorter, this process can be decentralized. Transactions can happen quickly anywhere on the planet at almost no cost.

End of Year Archiving and Financial Reporting: Transparent but Personal

Due to the decentralized nature of blockchain, distributed ledgers allow for the public visibility of every recorded transaction. As the general ledger is distributed across the network and its members, each transaction, once recorded in the ledger, is permanently recorded and irreversible and irrefutable in the network. However, also because of the decentralized nature of blockchain, it is private and secure. No single entity controls this encrypted data. This data distribution intrinsically ensures that data remains secure. Additionally, because blockchain uses hash addresses, information can be identified by the initiator of the transaction, also known as the address holder, but not by the public.

This technology will enable a more efficient year-end filing system for tax purposes and all general financial reporting. The distributed ledger is a disruptive technology in 
the financial space. It has the potential to completely overhaul the current regulatory and reporting landscape. While it may be too far and too early to suggest that this technology will be able to eliminate specific filing requirements, they will certainly be able to reduce back and forth between organizations reporting financial information, and organizations that receive and process financial information.

Leveling the Playing Field

In today's centralized market, it is not possible to send money instantly from one country to another when dealing with different currencies. To facilitate this process, the organization relies on major central banks; a bank that takes a large fee and a few days to process a single payment. This process is very difficult, sometimes impossible for smaller organizations, or organizations located in small developing countries / empires.

SupPorter will equate the playing field on a global scale, so the payment process is cheap, quick and easy without limits or jurisdiction from any government. This is one of the main reasons cryptocurrency is made in the first place.

ICO Pre-Sale

SupPorter will perform two separate Pre-Sales Bids. One shall become the Real Agreement for Token and Equity ("RATE") which shall be classified by the SEC as a Crowdfunding Offer Regulation ("Reg CF") under Title III of the JOBS Act and is open to both accredited and non accredited investors. The second is the Simple Agreement for Future Tokens ("SAFT) which will be classified by the SEC as a Personal Placement D Regulation (" Reg D) and open to accredited investors only. We are looking to raise up to $ 1,000,000 in RATE and up to $ 2,000,000 in SAFT. During this Pre-Sale, SupPorter will be able to receive BTC, ETH, LTC and through Wire Transfer (including US Dollars). Start Engine, a regulated crowdfunding company ( www.startengine.com), will assist SupPorter with RATE related to AML, KYC, Legal Regulations / Compliance, and fundraising.

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Author:dhavid19

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