Donation accounts will be published here later when the project is really up and running, with an active team behind it, crowdfunding etc.
We reward investments in the project “WeAreOne”, be it through financial means or through co-operation. Initially, you will receive points, a virtual reward, without any guarantee. If all goes well, the points will be converted into a cryptocurrency, the Swarm Coin, and/or into shares when the legal process is finalised. In this way, members who actively drive development and donors receive shares in the company.
Running a simple website costs a few euros a year. The money could easily come in through advertising aand/or donations. But legal advice is needed to realize the plans to issue a crypto coin and/or set up a stock company. This can cost several thousand euros. So the donations are collected to pay lawyers to realize the plan. Launching a crypto coin isn’t a big deal once the legal groundwork is prepared.
No guarantees!
In the initial phase of this project there is no immediate return for an investment in the form of money or labor. We accept monetary donations without any promise or guarantee that they will be used as described or that there will be any return. The same applies to invoiced work services.
Any assurance of a guarantee would cause legal conflicts, as all financial matters are subject to approval and the tax office is involved.
However, it should be noted that donations of up to €20,000 are tax-free. With this amount, enough capital could be raised to either set up a german mini stock company, which requires €12,500 in cash + €5,000 (estimated) for legal fees, and/or to issue the crypto coin (token) which requires less then €1,000 in cash + €8,000 (estimated) for legal fees.
(Ideally, a law firm that believes in the future effectiveness of the system would join the community and consider accepting points/coins as partial or full payment, giving them a good stake in the swarm organization in the future.)
The only thing we can offer before an AG or coin stands behind the Swarm is the promise that we will do everything in our power to ensure the success of The Swarm.
When enough money is raised to start the crypto coin, every Swarmi can submit their points for work-donations and/or their receipts for the transfers and is paid in crypto coins.
Than you for your help!
Intended donations in the form of professional work for the project can initially be submitted as offers. If an offer is accepted, it is rewarded with points that can later be converted into crypto coins.
Members can submit estimates for professional work they (or their firm) intend to do in the “Users offer their skills” section. We will then evaluate the proposal to determine its feasibility, assess the requested price and, if necessary, submit a counter-proposal. This evaluation process may include a voting mechanism.
We will try to make all decisions and financial movements as transparent as possible for the users. But a project like this can have enemies, so too much transparency can be dangerous as it can make the organization vulnerable.
Hopes for large financial donations are low. Wealth primarily finances radical right-wing movements, because they do not want restrictions or more responsible use of the world’s resources or greater social justice.
All that remains is the principle of hope.
What happens when enough donations are received is described in The Plan >>
