farsta: Susumi

Susumi

Our Vision
Susumi will release excess capital from local groups, communities and expatriates worldwide and channel it into the socioeconomic transformation of any underdeveloped community.

Our Mission
Change individuals' lives with collaborative funding based on the centuries-old Susu system.

To help our users fundraise easily and transparently using blockchain technology.

Work with community groups to facilitate rapid investment in infrastructure for growth.

Introducing Susu
Susu is a variation of Crowdfunding, practiced long before the advent of the Internet.

It is a traditional secular financial system, sometimes understood as a form of cooperative finance or social finance system in many parts of the world, from Asia to Africa and the Americas.

It has many different names in many local cultures, but it is popularly known as Susu.

This concept involves a group formed with the aim of raising funds to meet the economic needs of a member of the group, understanding that all members will benefit equally.

Each member pledges to donate a certain amount for a certain number of rounds within a certain period of time. For example, $20 will be donated weekly for 20 weeks.

All matching value contributions received in each round will be awarded to a designated member in bulk, minus the value manager's administrative fees.

In many countries around the world, when formal sector credit is inaccessible due to high interest rates and strict eligibility criteria, small businesses rely on the Susu system to provide financial solutions.

Susu's argument is that it provides its members with large sums of money that they can invest or make profits that their meager but stable income does not allow. It was the forerunner of many modern microcredit institutions.

Susu is basically a reciprocal crowdfunding.

The Susu system is a model of how Crowd Funding the Person works.

Decentralized Susu
The Susumi App is an evolution of the traditional Susu on Blockchain.

The main difference from the decentralized Susu is that instead of having a dedicated custodian for Susu to hold funds and schedule payments, blockchain smart contracts can be used to act as custodians and the Susu Foundation is truly independent, managed and regulated.

This makes joining Susu a trusted transaction purely based on smart contract rules established to ensure that all participants are beneficiaries.

Decentralized Susu is a new subvariant of Susu, in which a participant can only contribute once to Susu and become a beneficiary once.

Susu creators will be responsible for inviting subscribers to join Susu, while Smart Contracts can encourage participation by creating pools of liquidity or funds that guarantee payouts through incentives. , making To To more likely to succeed quickly.

The impact of a decentralized Susu is that any individual or community can easily access the pool of currencies that are automatically managed by Smart Contracts to respond to non-emergencies.

Thus, a decentralized Susu becomes a more viable crowdfunding model.

SUSU Token Utility

The SUSU Coin Token grants the holder access to the Susumi Community Funding Smart Contract.

Susu Foundation participants are identified and tracked through their Platform Directory in the Susumi app.

The Susumi Crowdfunding App helps Smart Contracts regulate and control access and use of the Susumi Perpetual Fund.

This ensures that the beneficiaries participating in Susu also contribute to the system.

The user interface of the application is designed to be simple to use and easy to understand. The processes required to successfully initiate and complete a transaction are minimized.

Fundraising with the $SUSU token is a solution to financial challenges that target users are trying to solve using different online and offline methods.

Therefore, Token has a practical utility and is widely applicable to ordinary people without advanced technical skills.

Unlike other cryptocurrencies, SUSU does not rely on price speculation to increase its value.

Since the proprietary distribution model is governed by Smart Contracts, the price of the Token is determined by the usage rate or user demand for the token.

Therefore, the more users raise funds, the greater the value of the Token.

INFORMATION

Web : http://susumi.io/

Telegram : https://t.me/Susumi_Crowdfunding

Twitter : https://twitter.com/Susumicoin

White Paper : https://www.susumicapital.com/white-paper/

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

Facebook : https://www.facebook.com/groups/308640059233405/

AUTHOR

Bitcointalk Username: Alasjati

BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=3465912

Gmail: faresta480@gmail.com