Susumi Is a Blockchain-Based Financial Application Platform

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Introduction:

Susumi will release excess capital from global groups, communities, and expats, and channel it into the socioeconomic transformation of any underserved communities.

Susumi is a blockchain-based financial application platform designed to create wealth for the community. Its main purpose is to provide a single decentralized system for individual and corporate fundraising

Deconstructing Crowdfunding

During the 2008 White House campaign, Obama wooed the then little-known U.S. senator from Illinois, raised huge sums of money for the campaign, and helped him defeat Senators Hillary Clinton and John McCain in the Senate. American business millionaire.

The Obama campaign targeted small donors with a donation-based crowdfunding strategy, raising $750 million from ordinary people through his website barackobama.com.

President Obama later described crowdfunding as: "a game changer."

We know that if crowdfunding can help an unlikely candidate become President of the United States, it can certainly help anyone achieve their dreams, or at least significantly improve their lives.

Online crowdfunding

Crowdfunding is basically a technical term that everyone in our community and social networks is familiar with, sometimes to raise money for a charity or just to make friends. help a friend.

This practice has become more powerful as Internet technologies have expanded the scope, speed, and ease of the process, heralding a new era of Internet-based crowdfunding, which often includes.

  • Crowdfunding Platform (or Website)

  • A person (or organization) who needs to raise money for something

  • Activities (verbal, video or visual description of what is required)

  • Donors

One goes onto the platform and starts a campaign to let donors know what he wants to do and how much he needs. The platform makes giving easy for donors and individuals.

Four crowdfunding models have been established on the Internet:

Lending to individuals or businesses through an online platform that connects groups of lenders and individual borrowers, sometimes called P2P lending

In donation-based crowdfunding, people launch campaigns seeking public support or funding, sponsors support or donate to campaigns, and receive nothing but comments. Knowledge, knowing they are doing a good thing.

The process by which any business can raise money from the public ("the crowd") in exchange for shares in that company

A promise to a sponsor or investor that they will receive a gift or other non-monetary benefit for their contribution to the event. Example: "If you donate £10, you will receive a sample of our product or a ticket/gift".

The Susumi App

This app allows people to steadily raise money from donors using the Susu Foundation. All sponsors will be rewarded with SUSU coins. Susu Foundation is a donation-only private crowdfunding smart contract in which subscribers donate for the benefit of the fund owner/creator. It is a decentralized blockchain variant of the traditional Susu Finance model and is widely deployed in Africa, the Caribbean, and parts of Asia.

Susu is a win-win solution for donors, beneficiaries and the community.

Utility of Susumi Coin:

  • Susumi coins are used to create Susu funds on the Susumi app.

  • The Susu Foundation has a fixed number of Sponsors, and each Donor can donate a fixed amount of BUSD to the foundation.

  • When the fund expires, the donated amount will be transferred to the wallet of the fund creator. Donors receive additional Susumi coins, enabling them to create new Susu funds for themselves.

Benefits of Susu Funds:

The Susu Foundation is a great way to raise money for personal projects. It can also be used to raise funds for charity, business and community development projects. It is unique in that it rewards donors with cryptocurrency tokens that can be used or stored and retain value. The innovative token design allows the Susumi coin to maintain its value regardless of speculation in the cryptocurrency market. Sponsor bonuses are a great motivator for sponsors and help to run more fundraising campaigns on Susumi to achieve success faster.

Conclusions

SUSUMI is one of the best projects I've seen so far. This project is far ahead of the others. Since everything in the project is completely clear, it is safe to say that the future of this project is very bright. It is hoped that investors will be able to gain profits when investing in the project. Since this project is progressing according to the roadmap so far, I think this project will come to a much better state. Because there are, but most of the major investors are these Already invested in the project. I think the future of this project is bright.

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