SupPorter




What is a SupPorter?

SupPorter is the world's first Blockchain Enabled Processing Donation System, for Nonprofits and Political Campaigns. SupPorter takes advantage of new and cutting-edge innovations in Blockchain Technology to allow organizations to receive real (fiat) and digital (crypto) currency donations. This will provide the organization with a faster, cheaper, and more transparent way to donate.

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 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 the current 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 of over assets and transfer processes. When an individual or organization initiates a transaction, they essentially ask for 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 assets.

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.

Competitive advantage

 The already huge decentralization of donation markets comes with many advantages over the current 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 of over assets and transfer processes. When an individual or organization initiates a transaction, they essentially ask for 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 assets. 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 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 is going to eliminate the 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 small fee and a few days to process a single payment. This process is very difficult, sometimes impossible for small 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 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.


TEAM

team-supporter


For more information please visit the link below:

Website: http://www.supporterinc.io/

Whitepaper: http://supporterinc.io/images/SupPorter_Token_Sale_Whitepaper_v.1.008.pdf

ANN Thread: https://bitcointalk.org/index.php?topic=4082253.0

Twitter: https://twitter.com/SupPorterInc

Facebook: https://facebook.com/SupPorterInc

Telegram: https://t.me/ICOSupPorterInc

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

LinkedIn: http://www.linkedin.com/company/supporterinc


 My profile: https://bitcointalk.org/index.php?action=profile;u=1965191

Comments

Post a Comment

Popular posts from this blog

Image
WPP ENERGY https://wppenergy.io// INTRODUCTION TO WPP ENERGY: Headquartered in Geneva, Switzerland, the World Power Generation Corporation (WPP), owns and controls several important advanced energy technology patents, led by President Rafael Ben . Mr. Ben has over 30 years of experience in the energy field and is a guest speaker and lecturer at the International Green Energy Conference. Mr. Ben has extensive technical and business experience in forming joint ventures and strategic alliances, engaging in important global business and communications ventures with the head of government. As part of the team, he has engineers and waste experts to provide generation power with the latest, globally recognized technologies. WPP ENERGY's mission has remained consistent over the years and its mission is to use breakthrough technology and breakthroughs to produce and deliver the world's most affordable and cost-effective 100% clean energy. GOVERNMENT AGREEMENT: WPP...
Read more
Image
RATEONIUM https://rateonium.com/ What is Rateonium? A blockchain-based, anonymised customer-company review system operated via the Rateonium platform. Elevator pitch Rateonium is using blockchain technology to create new horizons for the management of customer-company relationships. The platform connects products and services purchased with a subsequent customer review process. Problem Customer reviews of products and services are responsible for the long-term success of a company. New leads rely on customer opinions, not on corporate communication. 75% of consumers only make a purchase decision after reading the reviews. 40% of consumers distrust offers with no customer ratings. 20% of consumers believe that most ratings are falsified. 2% of customers write reviews Too few customers write qualitative reviews, which means that there is no suitable data on which new leads may base their decision. In addition, there is no globally active verification system to ...
Read more
Image
LIBEREUM https://www.libereum.io/ What is LIBEREUM? Libereum is a new startup company that is launching its ERC20-based LIBER tokens. The main idea of this company is to create a system that will use a sports background with the goal of acquiring a football club in one of the best European leagues. Certainly, this will be no easy feature to achieve. The company has been following the cryptocurrency industry closely recently and has discovered its possibilities so it is fully committed to creating a group that will be able to make real investments that will be profitable. This company’s team has specialists in cryptocurrency and in the football business. They have years of experience in their respective areas and really have the knowledge to make this new company go forward in the market. The company is currently looking for the perfect team to buy. Why Will Libereum Invest In Football? Libereum believes that football is, in fact, the most popular sport in the world ...
Read more