How Intercoin helps to Raise Money for your Project

Intercoin is being designed to eventually power political and economic activity at any scale, by communities large and small. Its list of applications includes contests, payroll, universal basic income, staking, governance, and statistics, and all of them are designed to work together.

But the first use cases we are looking to roll out, have to deal with raising money. Whether you are looking to raise money for a new initiative (a fund, a startup) or an existing community (fan base, or a population that needs help), Intercoin can help you do it. We’ll show you how you can set up a DAO and sell roles in your DAO, as well as release NFTs and sell those NFTs. You can keep focusing on what you do best, design the site that you want to design, and Intercoin’s Web3 technology can be easily embedded as widgets that can help raise money from visitors and community members – they can send you crypto, or even seamlessly buy it through some of our partners.

How to Get Started

If you’re interested for Intercoin to help you raise money for your project, the first thing you should do is click Sign Up to join this forum and tell us about your community, your current members, and what you are looking to do. If you have questions, ask them here or attend our weekly Intercoin show. If what you’re doing is unique and interesting, we may invite you to speak about your community on our show, which is syndicated on YouTube and starting to be shared in many places around social media.

If you want to raise money ASAP and want to jump to the front of the line, you can visit intercoin.app and to buy and stake ITR tokens for a couple years. The more you buy, and the longer you stake, the more utility tokens you can get, which are usable for Intercoin’s contracts, goods and services. Anything you do not use, you won’t lose – after your stake is over, you’ll be able to cash it out along with your accumulated staking rewards.

If we choose to work with you, you’ll just buy and stake ITR tokens on one of a growing number of exchanges. If you want to buy in bulk at a lower price, consider reaching out to any of the sellers on Intercoin’s bulletin board.

How it Works

Essentially, we work with you in phases. Phase 1 involves helping you raise, say, the first $50,000 - $100,000 via selling Roles and NFTs. Once you’ve raised the money and have a larger budget, we can then help your project do a lot more with Web5 technology.

Roles are non-transferable, so in most cases it’s likely they won’t be considered securities by the SEC, nor money laundering by FINCEN.

On the other hand, NFTs which represent a “finished work” are not likely to be considered securities. Intercoin helps to connect your project with artists who can produce a series of 10,000 NFTs, but gradually. You can put the series into categories, and allow people to mint one or more NFTs from each category. This is like “pulling them out of a hat” in random order, allowing you to work with the artists to prepare 100-200 new NFTs at a time, while the current ones are being sold. That way, you can gradually produce new NFTs as you are raising money. The proceeds from these sales can go to fund your project.

Now that Intercoin has deployed its smart contracts on Polygon and Binance chains, we have begun to work on the front end interfaces that will allow anyone to start a community, manage their Roles and NFTs, and much more. There will be a back-end for community admins to manage their Web3 assets, and widgets that they can embed in their websites, for regular users to come and buy their NFTs, earn credits and roles, etc. After that, regular users will be able to use their favorite wallets (e.g. MetaMask, TrustWallet) and marketplaces (e.g. OpenSea and Rarible) to view and trade some of these assets.

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Thank you @Greg for all of your explanations on todays the Intercoin Show and here’s a link to see the recording of it on the channel.