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The Susumi Platform is a decentralized crowdfunding application running on the Polygon Blockchain Network.
Susumi leverages blockchain technology to help individuals, communities, and businesses raise funds transparently and securely through “Susu Funds.” It brings the traditional Susu system into the digital age, enhancing financial cooperation.
A Susu Fund is a fundraising campaign through which a Susumi User can receive contributions from other Users to achieve specific fundraising goals.
In return, the contributors receive Digital Certificates in the form of dNFTs as rewards for participation.
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.
To create a Susu Fund, users must submit a dNFT as evidence of having supported a previous Susu fund campaign.
The User then sets a fundraising goal. Once the target is met, funds are distributed according to the campaign’s rules, and contributors receive their dNFTs as rewards.
If a Susu Fund does not reach full subscription within its 30-day period, it expires.
All contributions are returned, and the Fund Creator can restart the campaign after a 24-hour cooling period .
Blockchain is a decentralized digital ledger that records transactions across a network of computers. It ensures transparency, security, and immutability, meaning that once data is recorded, it cannot be altered without altering the entire chain. Blockchain technology underpins cryptocurrencies and decentralized platforms like Susumi, allowing for secure, transparent crowdfunding.
Any registered user of the Susumi Platform can create a Susu Fund, provided they meet the platform’s requirements. This includes having a Web3 wallet and submitting a Susumi dNFT to prove that they have previously supported a Susu Fund Campaign. Users must also be at least 18 years old to participate .
To raise money on Susumi, you must:
The amount you can raise depends on the type of Susu Fund you create and your access level.
You can raise up to a maximum value of N5,000,000 or its equivalent in US Dollars from a Basic Susu Fund for personal purposes.
Higher amounts can be raised from other categories of Susu Funds such as Enterprise, and Community, each with different fundraising limits. The maximum and minimum limits are determined when setting up the fund .