The Construct, a decentralised crowdfunding platform for entrepreneurs and investors to fund and grow trusted projects. Built on the NEO network.

What’s the problem?

With traditional online crowdfunding platforms such as Kickstarter and Indiegogo there is a huge failure rate of projects not receiving enough funding or asking too much. Among the successful funds, output isn’t always met to the standard that was promised and in some cases not at all. These platforms also provide little to no investment incentive and essentially act as a pre-order promise service, yet it still attracts billions of dollars.

Welcome to crypto, Initial Coin offerings (ICOs) have enabled vast sums of capital to be raised in a very short amount of time (12 Million USD in 10min). The problem with the current state of ICOs is that they require very little true substance to raise these huge funds (Some don’t even hide it). This lack of structure attracts scammers and inherently doesn’t allow enough transparency to its investors.

In the current ICO space, a project generally only gets one opportunity to receive public funding via an ICO, forcing an all or nothing scenario for funding opportunities. There is a market for an alternate means of funding for both the project and investors. Projects need a way to incrementally receive funding based on demand and interest to allow for natural growth of the initial resources, team and capability. The Construct provides this solution.

What’s our solution?

The Construct leverages the financial opportunity ICO’s can provide. But solves these underlaying issues by implementing a unique funding structure for which relies on a planned project Funding Roadmap, specifying the exact process the project will take to reach the proposed output. A Funding Roadmap is broken down into a series of Milestones representing a significant task or goal which requires some sort of funding to complete, known as Funding Stages. A chain of alternating Milestones and Funding Stages will become the structure of the Funding Roadmap, which will be managed of The Construct’s Smart Contract.