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SUPPORTER - creating a new global standard for industrial fundraising by creating the first global and decentralized donation market.

Today, if someone wants to send a payment, as an example, one US Dollar to an organization; the journey taken by that dollar before it reaches its destination is both extremely time consuming and costly. This problem becomes compounded even further when dealing with different currencies Every pit stop and loophole that dollar has to make on the way to its final destination decreases its value. It’s eaten away in legal, transaction, processing and other fees until finally, when this dollar does arrive at its destination, only a fraction of it goes to the organization that it was originally intended for. With SupPorter, this entire process can occur anywhere on the planet in seconds, at virtually no cost.

Another large problem facing the current market, is the inability to hold organizations receiving funds accountable to the use of those funds. But now, in the age of blockchain and the distributed ledger, there is a perfect solution. Smart contracts can be used to streamline payments, even place certain conditions and contingencies on payments, to ensure resources and funding are allocated where they are needed the most. With the SupPorter Network, and our SP Token, individuals will be able to make contributions based on certainty as opposed to faith. SupPorter isn't designed to simply decrease corruption and responsible spending, but eliminate it entirely through the utilization of smart contracts and the distributed ledger.

This distributed ledger will also make financial reporting far simpler than the current system in place, with the end goal being to eliminate year-end filing in its entirety. Transactions can be automatically tracked, monitored and sent off to revenue services for filing purposes. This process is fascinating in that it is both transparent and private at the same time.

Mission and Vision

SupPorter's mission and vision is to create a new global standard for the fundraising industry by creating the first global and decentralized donation marketplace. A market that provides organizations with a new and better method to raise funds by utilizing innovations in blockchain technology. A method that is cheaper, faster and more transparent than the current model all while rewarding people and organizations for participating in the process.

A BETTER WAY TO FUNDRAISE

SupPorter will be the the world’s first Blockchain Enabled “Smart” Donation Processing System, for Nonprofits and Political Campaigns.
The Blockchain allows organizations to safely receive donations without the need for a centralized intermediary such as a bank. This lowers fees and allows organizations to accept both real (fiat) and digital (crypto) currencies.

THE SUPPORTER TOKEN: “CRYPTOCURRENCY FOR GOOD”

The beauty of SupPorter, is that donors don’t have to use cryptocurrencies.
This is because donations, regardless of currency, can be seamlessly converted into SP Tokens on the front and back-end via Smart Contracts. This means we're not asking individuals to change the way they have been supporting organizations for years.

SIMPLIFIED FINANCIAL REPORTING

SupPorter will radically simplify the Year-end filing process.
Data from the Distributed Ledger can easily be sorted, analyzed and inputted into financial reporting forms. For example, IRS Form 990 is currently a huge headache for Nonprofits. This form is typically over 50 pages and can take a team of accountants weeks to complete. With SupPorter, this process could be completed in a matter of minutes.

THE IDEAL ICO (WHO WE ARE)

What makes SupPorter ideal for an ICO, is that it is a company that already exists in the fundraising space with an experienced team that knows first hand the problems facing the industry. It’s not some bold idea or concept scribbled on a napkin. SupPorter has a working prototype, App and Website that already allows organizations to raise funds at the lowest fees in the industry (www.supporterinc.com). SupPorter is positioned perfectly to be one of the first companies capable of disrupting the massive fundraising industry by taking its existing business model and merging it with new innovations in blockchain technology. SupPorter has also fully filed with the SEC under Regulation D as well as Regulation CF to protect its investors.

Token Allocation Schedule

5% of tokens are allocated as a reserve to give to early investors extra tokens as part of their discount rate (incentive) in the Pre-Sale. Should the full 5% allocation not be allocated, the remaining tokens will be issued with the ICO. Founders/SupPorter Team Token Allocation will be vested over a period of 6-12 months and locked in by smart contracts and/or a Multisig Wallet.

SupPorter ICO

Our ICO will be held on the SupPorter Token Sale website (www.supporterinc.io) with a start date and specific details to be announced after gauging interest via the Pre-Sale. The initial token sale will be opened to the public and will last for 14-30 days, however dates may change if the company deems it beneficial. It is possible to take part in the token sale with only Ethereum (ETH) or Bitcoin (BTC).

Monetary (Token) Policy

While the initial goal of SupPorter will be to increase the value of the SP Token, SupPorter may engage in activities to incentivize organizations to only accept our currency as well as control the volatility of our token price, should the company deem it beneficial to do so. Although the token supply is fix, these can be seen as similar tools to the Federal Reserve's use of Open Market Operations, Setting the Discount Rate and Reserve Requirements. This is to help ease investor’s mind with regards to the volatility associated with cryptocurrencies. However specific operations we may or may not use will not be known until the SupPorter Network is fully up and running.

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