An Innovative Way of Funding the Projects

July 30 20:31 2021
An Innovative Way of Funding the Projects
Indirect Favor Capital expects to benefit small and micro-businesses as well as non-profit projects. With community support on the true DeFi platform, bright and fresh ideas are limitless. favor.capital

An Innovative Way of Funding Your Projects

Let’s say you have just come up with an amazing new concept for a business or non-profit project. You’re excited to get the project off the ground but for some reason, you can’t find any regular funding methods that suit your needs. Wouldn’t that be frustrating?

Fortunately, you don’t have to face such a dilemma, thanks to Indirect Favor Capital’s proposed brand new system of DeFi crowdfunding.

The Problem with Current Funding Methods

In simple terms, funding platforms that are currently available today require huge input from the startup. To apply for funding, you would need to submit a number of supporting documents and personal information. Also, to get your project noticed by the public you would have to involve influencers to promote it. These kinds of barriers may just as well be a glaring stop sign for fresh entrepreneurs.

On the other hand, investors are tied to the chosen project and their deposits are sitting idly for the length of the campaign when they could actually be put to much more productive use.

A Promising Solution 

During the last decade, Defi technology has proven that the bureaucracy obstacles may finally be resolved. But subsequent KYC standards, with all their indisputably beneficial edges, have also brought plumes of the bulky bank setup.

In pursuit of creating an effective crowdfunding structure, it turned out that decentralization of finance could safely exist by relying on the open community consisting of independent members. We believe that Indirect Favor Capital is capable of facilitating the needs of both startups and patrons, aka on the platform Favorites and Comrades, respectively. 

There is no precedent to the proposed format and new terminology is clearly introduced to avoid a mixture of notions.

An Organized and Efficient Process

After completing your registration at favor. the capital and connecting the wallet via metamask, you may list your project and request a favor. Processing after moderation will generate a Favor Well (FW) – smart contract with parameters including the requested sum, amount of Favorite contribution, and length of the campaign.

Or you may check out current campaigns and become Comrade by joining FW. Staking any amount of FAVOR or LP pair in FW you are going to share 50% of your ROI daily, which means you will be harvesting another 50%. FW fills up only with shared ROI and Comrades are eligible to unstake fee-free at any time.

Since Comrades are supporting the Favorites by sharing only a part of potential ROI while staking, there is no direct investment to a borrower system which normally involves a number of barriers.

We are now at the stage of developing dApp with safety, stability, and security in the base. Further information on the project can be found in favor. capital. You are welcome to register and follow up on our social media to be in flow with our evolution.

More info:

https://www.linkedin.com/groups/12544491

https://t.me/FavorCapitali

Indirect Favor Capital expects to benefit small and micro-businesses as well as non-profit projects. With community support on the true DeFi platform, bright and fresh ideas are limitless.

Nikita Serkevics
Founder and CEO
Indirect Favor Capital
https://www.linkedin.com/in/nikita-serkevics/

Media Contact
Company Name: Indirect Favor Capital
Contact Person: Nikita Serkevics
Email: Send Email
Phone: +353872157760
Address:33 Prosperity Square, Barrack street
City: Cork
Country: Ireland
Website: favor.capital

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