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Fundabit.co — First crypto-Patreon built on Ethereum
Bringing creator & fans closer together. Fundabit merges recurring-patronage & crypto. Independent creators own their smart contract and thus their audience. It handles the P2P payments and allows for automatic monthly subscriptions from the user's own wallet.
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Thanks for the hint. I sent you an email with another address you can use until we fix this. @paisano
What problem are you solving with Fundabit? Okay, I see it is built on Ethereum from them title.
Hi @dainiskanopa, if you are an independent creator then what problem aren't we solving. Web3, enabled by blockchain & cryptocurrency, establishes a P2P connection between the creators and his fans. As crypto slowly establishes itself as the Internet's native currency it makes the entire payment industry, with all its flaws and inefficiencies, obsolete and thus guarantees true independence and creative freedom for the growing creative class.
Please, don't buy upvotes on Product Hunt. Most of the people who upvoted this project have the same number of followers and subscriptions. I'm reporting this to PH, they'll investigate.
@nikitakolmogorov Agree. I was keeping watching the board and upvotes of this increased 100 to 400 in 3 hours... unfair results.
@peterdennispan Great to have you and the Wizard of Dapps Podcast on Fundabit 👏
Hi @niksmac, we are built on top of the Ethereun ERC-1337 standard. You can look it up and adapt it to your needs. Let me know if you have any questions!
@kiku_reise You are right but the way we see it is; with crypto-apps there is always the tradeoff between control and UX. We might add alternatives in the future but for now we feel much more comfortable with the users being in control of their funds/wallets. Especially with regards to the number of cases where dApps hosted wallets and got hacked.
@kiku_reise While true (honestly, I agree), it seems like MetaMask is widely enough used by the primary demographic of Fundabit that this won't be a serious barrier to entry. I'd like to see how Fundabit achieves additional adoption of MetaMask, though
There are also other alternatives as well. With tokenary.io even Safari users can join the fun. We are evaluating other options as well. Yet, I believe that time will take care of most inconveniences @kiku_reise @chris_germano
This is very exciting! We are so proud that Fundabit has reached this stage and hope that you are going to love it. We truly believe that this is an important step towards Web 3.0 and creator independence.
Subscriptions and recurring donations are essential for the livelihood of many creators today. Yet, the de-financing and de-platforming practices of YouTube, Patreon, PayPal or Visa have revealed the high level of platform dependency. Blockchain & cryptocurrency are invaluable in ensuring creative freedom and bringing creators and fans closer together.
🎉 Special PH Promo 🎉 We pay for your smart contract! The first 100 creators that start a project on Fundabit don’t need to pay the 50ct transaction fee. All you need is the MetaMask plug-in or any other Web3 browser. No cryptocurrency needed.
There is a 5% service fee plus a transaction fee, which we are working on to eliminate though. @zigex7
Not sure what a reasonable service fee for such a platform is but 5% seems a little high doesn't it?
On first glance it may seem like a lot but when compared to Web2 platforms that typically charge 10-30%, we believe it's actually quite reasonable. @phil_velseck
From what I understand, it's not possible to force money out of a wallet unless you give away your private key. I presume that subscribers will have to deposit money into a wallet controlled by Fundabit?
@dddraeger Actually not anymore. Users do not have to pay in advance or put down a debit, but give only the permission to a recurring transaction from their wallet. That's what the Ethereum ERC 1337 standard we make use of is all about.
Honestly speaking I have no clue about crypto currency. But I can tell you that the founder is a great person who I worked and studied with and completely trust.
Pros:I know Tobias for years, he knows how to create solid business cases and is an awesome person.
Cons:None I could think of
Was Ethereum the best platform to build on - not so sure https://obyte.outgrow.co/platfor...
Absolutely love the idea, keep up the good work!
Pros:Really good exposure for product developers, good structure for posts
Cons:the header logo stretches, really hard to find a good fit that will work well.
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