Neufund Tech Whitepaper Is Here
“THE WHITEPAPER LINKED IN THIS POST IS OUTDATED. PLEASE FOLLOW THIS ACCOUNT, CHECK OUR WEBSITE, OR SIGN UP TO SLACK & NEWSLETTER TO RECEIVE NOTICE OF OUR FORTHCOMING WHITEPAPER V.4.”
Today, together with the announcement of our first funding round, we are releasing Neufund’s tech whitepaper. It is available to download here or if you’d like to edit or comment, here.
The idea for Neufund was born when we realized that blockchain based tokens are a very flexible and liquid proof of ownership, smart contracts are trustless and cheap to enforce and that funding process via token sale actually works. It would be great, we thought, if existing and new off-chain startups could use it!
Neufund is an answer to that. What we exactly do? Citing our whitepaper:
Neufund is building a blockchain-based and investor-directed Platform which bridges the worlds of cryptocurrency and equity. Neufund unlocks the resources of cryptocurrency and blockchain to startups seeking funding and all forms of technological innovation and disruption on the one hand, and on the other builds a way for cryptocurrency investors to access a diverse dealflow of investment proposals.
In essence, through Neufund, it is very easy for any business to convert part or all of their equity into tokens and get funding via a process similar to an ICO. On the funding side, anyone can easily become an investor with full limited partner rights via the Neufund token or to become a shareholder of any business through ownership of its tokens.
We’ve been working on this project since September 2016 and we think it is time that we share our concept with the community to get feedback and help. This project is complex and touches many different areas like creating and governing distributed organizations, bridging the off-chain and on-chain worlds via legal and smart contracts backing each other, stabilizing the fund’s financial assets and providing education and easy access to blockchain technology for newcomers.
In the whitepaper, you’ll probably find some things you would do differently and that’s why we are publishing it now — so people can read it critically and point any flaws before we launch. Your feedback is very important to us and will be incorporated in coming whitepaper revisions.
What’s next? Before we announce our own ICO, we’d like to have the technology ready and proven processes. In the coming weeks we’ll announce our test investment case — a pre-selected project that got funding in Neufund’s way. Together with input from the whitepaper discussion, it will let us improve and prepare for a launch of our platform and accompanying token sale to capitalize our fund. For more details, please check “Roadmap” chapter at the end of the whitepaper.
If you’d like to invest in our fund, or be one of projects that will get funding or you are just curious, here’s how you can always talk to us:
Neufund slack channel
Neufund subreddit
Marcin Rudolf is the CTO & co-founder at Neufund, a community-owned fundraising platform bridging the worlds of equity investments and blockchain.
To learn more, check out Neufund’s ICBM page or the whitepaper for a deep dive. Questions? Ask us anything on Twitter and Telegram!
