HOW IT WORKS

Find out more about Fundition and its functionality.

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Founder

A founder on gaming.fundition is a user who has successfully created a gaming related crowdfunding project. After the initiation of a project, a user will be granted the title Founder, and will be given the access that comes along with the role. While creating the project, a Founder can designate other beneficiaries to be assigned a fixed percentage of the campaign‘s remuneration.

Registration

Everyone may access Fundition. However, in order to create a project with all functionality, users will need to create a complimentary Steem account.

Wallet

Every user on the platform is granted a unique Steem account and Steem wallet. If a user loses his/her password, it is nearly impossible to recover his/her account.

How much does it cost?

Creating a Steem account is complimentary for all users.

Are all projects accepted?

All gaming projects are welcomed on gaming.fundition, as long as they do not violate our terms and conditions. We respect freedom of expression, as well as decency and common manners, and that is why we have established some basic rules to follow. Please respect these few rules, and please do not engage in the following: - Defamation, insults, or coarse language. - Any comments suggesting endorsement of unlawful or dangerous acts - Overtly offensive remarks of a sexual, political, racist, or harmful nature Any user engaging in such behavior will run the risk of exclusion from Fundition without prior warning. Please respect one another, and yourself.

Must I publish my content via the Fundition platform in order to receive donations?

In order to receive donations, you must start your project on Fundition. However, all future updates may be made on any or all Steem-based apps. We have provided all necessary tools to help you publish via the Fundition platform, and if your project respects the rules, you will be open to donations from the community and any Fundition backers. Backers will have access to multiple channels for donation, and they may make contributions in many currencies, including: $, Euro, BTC, ETH, STEEM, and more. Donations will then be automatically converted via Blocktrade.us, which will rapidly convert donations into Steem.

Do I retain the intellectual property, copyright, trademark, and all rights of my content?

You are the owner of all works published on the Fundition platform (which is, in turn, publishing your works on the Steem blockchain). Your work is therefore covered by any and all copyright, trademark, and intellectual property laws in your home country, and in the country within which you are residing. Fundition does not claim any form of ownership or primacy over your rights. Be aware that all content that is published on the Steem blockchain, and all data on this blockchain is open and public. If you find your intellectual property somewhere other than the Steem platform, we may not be held responsible.

WHAT IS AUTOMATIC PAYMENT CONVERSION?

All funds donated will be converted to Steem before transfer to the Founder. When Backers donate in other currencies, those currencies will be automatically converted into Steem at the actual exchange rate of the moment. All Steem will be immediately transferred into the Founder’s account in Steem currency.

RECEIVING FUNDS FROM BACKERS

Any and all funds received for a project will be transferred directly (without any fees or middleman) to the Founder’s wallet (unless the Founder has specifically called for this to be divided with other parties).

RECEIVING FUNDS FROM COLLABORATORS

Because all projects are decentralized, and may not be easily cancelled, Backers must give directly to – and thus enter into a peer-to-peer agreement with – the Founder. As a consequence of this free and unregulated relationship, Fundition is not responsible for the transactional relationship between the two parties – including any refunds or financial disputes.

AUTOMATIC REWARDS FOR BACKERS

Supporting projects as a Backer will result in HeartPower rewards; these rewards will be automatically applied to your Steem wallet (as SP).

GET PAID IN STEEM AND STEEMDOLLARS

Fundition does not transact in fiat currency, even if we display USD or EUR to approximate donations, rewards, and goals. However, we are looking into options for the integration of fiat currency in the near future. More importantly, we are striving to be accessible to both the cryptocurrency-fluent and lay community, and hope to be a gateway between the two.

Legal issues

While many crowdfunding platforms allow for invited users to help create or manage a crowdfunding campaign, no other platforms encourage collaboration with the ecosystem of givers. We have introduced a structure in Fundition that allows diverse contributions from users around the world, with all parties benefitting from the common work product. We are able to do this, because the blockchain allows for peer-to-peer collaboration, and the collection of funds is not centralized by us (we don’t take fees, and the relationship is directly from Founder to Backer). Please check your country’s laws governing such fundraising or collaboration. Fundition is not responsible for any fees or taxes; we are simply a platform for the relationship development and content creation, and we are not directly party to the financial transactions.

BACKER

A user who supports a Fundition project will become a Backer. If a Backer supports a campaign, he/she will automatically receive HeartPower (in the form of SP) in his/her wallet. If he/she reaches the reward level defined by the project’s founder, he/she will also receive any rewards defined by the Founder. (This relationship is not managed or in any way moderated by Fundition.)

How do you support a Founder, or donate to his/her project?

There are two ways to give with Fundition. The first way to give is to support the project using your Steem account. You can upvote the project that you want to support on the Fundition platform. You will then be displayed as a Supporter, and not a Backer. You can also purchase HeartPower, in order to give more Hearts and support multiple projects and Founders. The second way to give is to send donations directly to the project, using fiat or crypto currency; you will be a Backer. Backers have multiple ways to donate, and when cryptocurrency or fiat currency donations are received, they will automatically be converted into Steem currency, before being sent directly to the Founder’s Steem wallet.

How does lifetime support work?

When making a donation, the Backer will have the option to make a lifetime donation. That means that the Backer can choose an amount of currency he/she wants to purchase, in order to give a lifetime worth of upvotes.

WHICH CURRENCIES ARE ACCEPTED?

Since we are working on the Steem blockchain, we transact in Steem, SBD and SP. However, in order to keep our platform mainstream and accessible, we also accept USD, EUR, and most major cryptocurrencies.

WHAT IF THE PROJECT I SUPPORT DOESN’T MEET EXPECTATIONS?

With Fundition, you can directly ask questions to the Founder, and they are responsible for replying to your comments or concerns. If you don’t get any replies, you can give a review, and alert the public that the Founder is not safe. Unfortunately, due to the nature of the blockchain peer-to-peer transaction, if the Founder does not fulfill his/her promise, we cannot guarantee a refund. In the case of any trouble, you can reach the Fundition team, and we will make sure that this Founder cannot harm others.

IS THERE ANY GUARANTEE?

The users of our platform (Backer, Founder, Collaborator) are solely responsible for asking questions and investigating the Founder of a project before making a pledge. ALL pledges on our platform are made voluntarily, and at the sole discretion and risk of Fundition users. Unfortunately, we cannot guarantee that pledges will be used properly by Founders, that the Founders will provide the promised rewards, or that the project will achieve the promised outcome. Fundition does not warrant, make any representations, or provide any warranties, as to the reliability or accuracy of any user’s content posted via the Fundition platform on the Steem blockchain. Founders are solely responsible for their reputation, and Backers are solely responsible for their decision to directly support any project.

Is my payment safe?

If you are a Steem accountholder, You will log into Fundition securely via SteemConnect. For those without Steem accounts, you will be securely taken to BlockTrades or Changelly for any cryptocurrency donations, and to CoinBase for credit donations.

PRIVACY

ALL personal data of users, as well as the “access token”, and any emails, are encrypted. That will allow Fundition users to be protected against hacking or leaks into their personal accounts. Additionally, user data, passwords, and wallets are NOT saved by Fundition, which ensures that the data cannot be stolen.

Legal issues

While many crowdfunding platforms allow for invited users to help create or manage a crowdfunding campaign, no other platforms encourage collaboration with the ecosystem of givers. We have introduced a structure in Fundition that allows diverse contributions from users around the world, with all parties benefitting from the common work product. We are able to do this, because the blockchain allows for peer-to-peer collaboration, and the collection of funds is not centralized by us (we don’t take fees, and the relationship is directly from Founder to Backer). Please check your country’s laws governing such fundraising or collaboration. Fundition is not responsible for any fees or taxes; we are simply a platform for the relationship development and content creation, and we are not directly party to the financial transactions.

Collaborator

A Collaborator is a user who decides to support a gaming project (without necessarily giving financially). A user may work on a project, share ideas, and give suggestions to the Founder; as well as produce contents in a form of an update for the project.

BECOME A COLLABORATOR

Click on “Collaborate” and you can immediately become a Collaborator. You will put the focus on the Founder, and contribute to benefit its Project with your rewards.

SHARING REWARDS BETWEEN COLLABORATORS

All Steem, SBD, and SP donations and upvotes will be automatically divided, according to the Founder’s allocation preferences (determined upon project creation). Due to the decentralized peer-to-peer nature of Fundition, all direct donations will only be received by the Founder, and not divided among collaborators automatically; in this case, he/she will have to send Steem to any collaborators manually (unless Fundition someday owns its own exchange).

CAN I COLLABORATE ON ANY PROJECT?

Please note that not all Founders will accept collaboration requests. This is for various reasons; some want to work alone, while others want to work as a team. While browsing through projects on Fundition, you will be able to see a message that reads „this project accepts collaborators.“ Those are the projects that request your collaboration.