What is SFC on Emirex? How to Participate in SFC on Emirex?

Last updated August 27, 2021

 

SFC (Smart Fundraising Campaign) is an advanced alternative to ICO, IEO, and other fundraising options for crypto projects.  Here how SFC looks like for a project: 

  • The project sets up several rounds of financing.
  • Investments are attracted to solve a specific technical or business task per round.
  • Each subsequent round begins only after the previous round has ended successfully.
  • The amount of funding (round) corresponds to the costs necessary to carry out the accomplishing current round and does not exceed it. This leads to a significant reduction in the number of rounds, especially in the first (Seed) round. Emirex proposes to consider the possibility of conducting a series of fundraising, listing the projects. 

In the meantime at IEO or ICO investors fund the whole roadmap of the project at once, and in case the project fails on one of the stages, there is no way for an investor to return funds, and all the funds will be lost in the majority of cases. As a result, when it comes to SFC investors gain broader control over his/her investments and have an opportunity to fund projects only with MVP. 

How to Participate in SFC on Emirex? 

Go to “Earn” - “IEO/SFC” in the main menu. 

 

Choose the “SFC” button at the top of the page. 

You will be redirected to the page with SFC projects that are ongoing/were completed on Emirex. 

Choose an ongoing project you want to invest in, and you will be redirected to its page with a description of the project, round goals, and a form to purchase tokens. 

Here specify the number of tokens to purchase and press the “BUY” button to complete an order.