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Susumi revolutionizes crowdfunding by integrating the traditional Susu system with cutting-edge blockchain technology. Through Susu Funds, individuals can create decentralized fundraising campaigns, attracting contributions in cash from the community.
In return, donors receive Digital Certificates in the form of dynamic NFTs (dNFTs) that prove they have supported a Susu Fund and give the donor the license to raise their own Susu Funds should they want to.
The dNFTs offer rewards and incentives for participation in the growing Susumi decentralized cooperative finance ecosystem.
Susumi’s dynamic NFTs (dNFTs) are a unique feature of the platform, designed to represent contributors’ ownership or involvement in specific Susu Funds.
The dNFTs offer contributors a range of benefits, including potential royalties from future funds associated with the dNFT. Each dNFT is embedded with metadata tied to specific funds, allowing for ongoing benefits or rights beyond the initial donation, depending on the specific terms associated with each dNFT.
Unlike standard NFTs, Susumi’s dNFTs are programmed to evolve over time based on certain milestones or fund performances. This dynamic element adds versatility, making them particularly valuable for donors who seek long-term benefits from their contributions. Additionally, these dNFTs use blockchain technology to ensure transparent ownership and verifiable records of participation, reinforcing Susumi’s commitment to secure and efficient crowdfunding.
Users create or participate in Susu Funds, where they contribute stablecoins to support fundraising goals. In return, contributors earn dNFTs, which can be used within the platform or held as an investment
A Susu Fund is a fundraising campaign through which a Susumi User can receive contributions of stablecoins like USDT from a fixed number of other Users to achieve specific fundraising goals.
In return, the contributors receive a digital certificate in the form of a dNFT as a reward for participation.
To create a Susu Fund, a registered User of the Susumi Platform must specify a target amount to be raised from the campaign and then submit a valid Susumi dNFT to activate the new campaign. Once the campaign’s target amount is reached, funds are distributed according to the campaign rules: The Fund Creator receives the proceeds donations, and the Donors earn their own dNFT certificates as rewards.
Susumi’s dynamic NFTs (dNFTs) are a unique feature of the platform, designed to represent contributors’ ownership or involvement in specific Susu Funds.
Each dNFT is embedded with metadata tied to a specific fund, allowing for ongoing benefits or rights beyond the initial donation, depending on the specific terms associated with each dNFT.
Unlike standard NFTs, Susumi’s dNFTs are programmed to evolve over time based on certain milestones or fund performances.
This dynamic element adds versatility, making them particularly valuable for donors who seek long-term benefits from their contributions.
Additionally, these dNFTs use blockchain technology to ensure transparent ownership and verifiable records of participation, reinforcing Susumi’s commitment to secure and efficient crowdfunding.
If a Susu Fund does not reach full subscription within a 30-day Tenor period, it expires.
All contributions are returned, and the Fund Creator may restart the campaign after a 24-hour cooling period.
Susumi ensures secure and transparent fundraising through smart contracts, eliminating the need for intermediaries.
It also rewards donors with $Susumi dNFTs, which can be held, or used to create new campaigns, enhancing the value for all participants
Yes, the Susumi Platform operates on secure blockchain technology, ensuring transparency and protection of all funds through smart contracts. All transactions are trackable and automated.
Multiple security safeguards have been put in place to ensure that Users have full control and knowledge of what is happening with their money at all times.
Cooperative finance refers to a financial system where individuals or groups pool their resources together to achieve shared financial goals. It operates on principles of mutual aid, collaboration, and community support, allowing members to access funds for personal needs, businesses, or community projects. Unlike traditional finance, cooperative finance emphasizes collective ownership and decision-making, often with the goal of fostering economic empowerment and social development within the community.
A well-known example is the traditional “Susu” system, where members contribute regular amounts into a common fund and take turns withdrawing the lump sum.