Susumi app.

nashbarr (28)in #susumi • 2 years ago

Introduction:
What is Susumi

In the Nigerian language, "Susumi" literally means "My Susu". "My Wealth Creation Team"

Our Vision

Susumi will release surplus capital from groups, local communities and expats around the world and channel that capital into the socioeconomic transformation of any underdeveloped community.

Our Mission

Change the lives of individuals with collaborative funding based on the centuries-old Susu system.

To help our users raise funds easily and transparently using blockchain technology.

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

The Platform

Susumi is a platform for a suite of blockchain-based financial applications designed to build community wealth. Its main purpose is to provide unique decentralized systems for personal and corporate fundraising

This document describes the anchor product of the Susumi ecosystem:

Decentralized crowdfunding app

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

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

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

This concept involves a group formed for the purpose of pooling funds to meet the economic needs of one member of the group, with the understanding that each member will benefit equally.

Each member commits to giving 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 contributions of the same amount received in each round will be divided equally among the designated member, after deducting the management fee from that amount.

In many countries around the world, where credit is not available to the formal sector due to high interest rates and strict eligibility criteria, small businesses rely on the Susu system to provide financial solutions.

Susu aims to provide its members with large sums of money for investment or profit, which their modest but steady income does not allow. He was the forerunner of many modern microfinance institutions.

Susu is basically reciprocal crowdfunding.

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

Susu Philosophy
Susu is a financial cooperative.

This approach creates a new way of thinking, a philosophy of shared wealth.

The group's meager financial contribution helps build the individual, and in the process, the group becomes economically stronger.

Susu supports a unique kind of collaborative financial system that provides individual access to team resources.

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

The main difference of decentralized Susu is that instead of a specific Susu repository to hold funds and schedule payments, blockchain smart contracts can be used as administrators and regulators, it introduces independence from the Susu platform.

This makes participation in Susu a trustless transaction purely based on established Smart Contract rules to ensure that every participant becomes a beneficiary.

Decentralized Susu is a new variant of Susu where participants can make a one-time contribution to Susu and become a one-time beneficiary.

Susu creators will be responsible for inviting subscribers to join their Susu, while Smart Contracts can incentivize participation by creating funds or liquidity pools that will provide payments through incentives, helping Susu is more likely to succeed faster.

The impact of Decentralized Susu is that any individual or community can easily automatically use the funds managed by the Smart Contract to secure their financial crises without bear any costs.

As a result, Decentralized Susu becomes a more viable crowdfunding model.

SUSU Tokenomics
Susumi Coin Token is a BEP-20 Utility Token developed on the Binance Smart Chain Network.

It acts as a native token for the Susumi platform.

token SUSU

Susumi Coin Token is a BEP-20 Utility Token developed on the Binance Smart Chain Network.

It acts as a native token for the Susumi platform.

95% of the total supply of SUSU Tokens is stored in Smart Contracts. New SUSU Token is issued from Smart Contract as a reward for Susu Foundation sponsors.

The SUSU token is deposited back into the Smart Contract to create a new Susu pool.

Token Pricing
The reward tokens issued to the sponsor after the maturity of the Susu fund are valued at the price of the token when the Susu fund was created, regardless of the market price at the time the subscriber made the contribution.

Essentially, new $SUSU tokens are distributed through Susu Foundation donations.

This unique distribution model means that the $SUSU token is not subject to market speculation on its price or value.

Susu Smart Contract has a built-in pricing algorithm that adjusts the price and value of SUSU Coins by calculating the rate of issuance and deposit of reward tokens into the Smart Contract against the total amount of tokens notice provided in the contract.

This pricing mechanism for $SUSU Coin always keeps the fund value constant and limits the impact of speculation on the price of $SUSU Coin on the open market.

Contact Links
Telegram: https://t.me/Susumi_Crowdfunding

Twitter: https://twitter.com/Susumicoin

Facebook: www.facebook.com/groups/susumicoin/

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

LinkedIn Page: https://www.linkedin.com/company/susumi-capital

You Tube: https://www.youtube.com/channel/UCj3EyrosZsjcsvlNyWdrAVw

Email: [email protected]

Susumi App: https://www.susumi.io

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