GodFudder is Crypto-Democracy
GodFudder is a technology and governance framework that allows anyone to meaningfully contribute to the ecosystem. The GodFudder engine powers native, on-chain, totally decentralized P2P transactions with no intermediaries. The GodFudder blockchain is secured by a hybrid proof-of-work miners and proof-of-stake system.
GODFUDDER rewards consumers for the use of their data.
GODFUDDER rewards consumers every time they opt-in to request a home service professional via GODFUDDER. Whether you need an electrician, plumber or real estate agent — GODFUDDER pays you.
WHAT IS GODFUDDER?
How it Works
Consumers register their property onto the network and provide information that would be valuable to advertisers including intentions to sell their property, repair or remodel their property or purchase other home services. Once the data is updated by the owner, advertisers are able to access the data using GODFUDDER Coin. The GODFUDDER Coin is the payment for the use of data and transferred to the Consumers.
We’ve built a platform for Consumers to earn tokens for use of their data.
Consumers purchase billions of dollars in home services and products every year. The intention data is valuable and currently not available to advertisers.
Consumers earn tokens every time an advertiser accesses their property data. Advertisers get access to real actionable data directly from the Consumers who has a relevant need for home services. GodFudder Coin provides a transparent and fair way to price the value of the property data.
WHY IS GODFUDDER BETTER?
The Value of GodFudder
The current control of data is monopolized by multi-billion dollar corporates that aggregate and sell property and personal data without receiving permission or compensating Consumers.
The property data that is registered on the network comes directly from the Consumers or authorized agent.
The Consumers receives rewards as GodFudder Coin every time their data is accessed and used by an advertiser.
Easy to Access
The property data is easy for advertisers to access and license. All uses of data is tracked and transparent to the Consumers.
Anytime an advertiser accesses property data, the Consumers can view the usage and their rewards.
The pricing of the property data to the advertiser is based on market demand and is set by GodFudder Coin value.
Consumers can generate new passive income through the licensing of their data
Each crypto asset has its own decentralized and bi-directional cross-chain “tunnel” controlled by the DAO.
When users use these tunnels move their non-ERC20 tokens (such as BTC and LTC) cross chain, they are rewarded with $GODFUD tokens.
All tunnels are operated by the DAO
New tunnels can be freely created via “pledging” and a governance vote.
70% of minting fees are allocated to tunnel operators
Total value of pledged tokens is proportional to the maximum “wrapping” limit of each tunnel.
Triple Pledge Model
Each wrapped token (oToken) is backed by 100% + additional assets for extra security.
Asset Layer: 100% original crypto assets
Contract Layer: 25% — 150% over-collateralization using $ETH, $GODFUD, $DAI and more.
Application Layer: Decentralized insurance platforms
Driven by the DAO, protected by the community
Vote for new asset multi-signers.
Revise the system parameters such as minting fee, rewards or asset ratio.
The community can propose more Yield-Farming Pools through a vote.
Propose new assets tunnels.
Choose GODFUDDAO’s insurance.
Manage GODFUDDAO’s treasury.
-GODFUDDER Token launch
-Opening social media channels
-Audit by a security company
-Listing Coingecko and CMC
-Release of NFT market
-Top level exchange listings
Frequently Asked questions
Why do we need GodFudder?
If you own your real estate, you should own the data too. The purpose of GODFUDDER is enable Consumers to earn income from licensing key data about their property and any requests related to their property.
What is GodFudder?
GODFUDDER is a utility token (ERC20) built on the Ethereum platform. The primary purpose of GodFudder Coin is to allow advertisers to license real estate data directly from Consumers.
How does a Consumers benefit?
A Consumers earns GodFudder Coins when they register their property on the network and make their data available for advertisers to license. Consumers earn tokens every time their data is accessed.
How does an Advertiser benefit?
Advertisers can access real-time accurate data about properties including basic property data and any intentions from the Consumers in purchasing home services or products.
How many GodFudder Coins exist?
There will be 4,000,000,000 GodFudder Coins. The majority (240m) will be used to reward Consumers and agents for registering data on the GodFudder Application.
How are GodFudder Coins used?
GodFudder Coins are used by advertisers to license data directly from Consumers and used to reward Consumers for registering and maintaining accurate property data.
How do Advertisers buy GodFudder Coins?
Advertisers can purchase GodFudder Coins on exchanges to be used to license data from Consumers.
How do Consumers sell GodFudder Coins?
Consumers can sell their GodFudder Coins on exchanges like Uniswap.
How is a Consumers rewarded?
Consumers receive GodFudder Coins in exchange for registering their property and when an advertiser licenses their data. It is required the Consumers maintains their data to ensure accuracy.
How many GodFudder Coins are paid as a Reward?
The initial registration of a property depends on the estimated market value of the property. The calculation details can be viewed in the white paper. The reward for data use also depends on the data provided. For example, the reward is higher for real-time intention data (e.g. Looking for a real estate agent).
What is “intention” data?
In order for advertisers to be interested in licensing data from Consumers it is important to provide updates on the intent to purchase home related services or products. This provides a better match to advertisers and a better overall experience. Intention data is data the Consumers notifying the network their intent on purchasing a product or service.
How does the Consumers register their data?
Everything is done through the GodFudder web application. The first step is to register the property and prove ownership. Once verified, the Consumers can update intentions on purchasing home services and then they are matched with potential advertisers who are ready to license the data.
How do Advertisers license Property Data?
Advertisers would register on the GodFudder Web Application and subscribe do one or more lists that match their criteria. For example, a real estate agent would subscribe to “Looking to Sell my Property” list. When a property is added to the list and meets their criteria, they can license the data using GodFudder Coins.
How much will the Property Data cost to license?
The price for licensing the data will range depending on the list it is on. Basic property data will cost less than if the property has registered an intention (to sell, to repair, to remodel, etc.). All pricing is adjusted based on market demand.
What data is the advertiser licensing?
For properties that are available to license, the advertiser will be able to access Consumers contact information, property details and intentions.
Who is the advertiser paying for use of the data?
The GodFudder Coins used to pay for licensing the data goes directly to the Consumers with exception of any transaction fees (if required) on the network.
Decentralized governance — all asset holders will have the ability to materially participate in decision making via on-chain voting which will have finality and result in action being taken.
Economics — monetary policy will be enacted based on the consensus governance mechanisms. Built-in on-chain tools will be available to enact inflationary or deflationary policy. There will be no issuance cap.
Fair issuance — there will be no-premine, no up-front reserve and no initial dev-fund. There will be a foundation which is community funded over time, however the foundation is bound by the holders of the assets.
Native P2P self-executing transactions — native on-chain tools for self-executing financial instruments will be available via a stateful, deterministic, Turing-complete VM (limited only by execution time).
Hybrid POS/POW security — blocks will be created by diverse (competing) groups to ensure maximum network security. Blocks must be first mined with a complex POW algorithm and then certified by random stakers with time locked funds.
ASIC resistant POW — the POW algorithm will be memory bandwidth hard and compute intensive which will reduce the theoretical power efficiency gains of ASIC devices.
Ministerial foundation — the non-profit foundation will serve to kickstart the project and begin mining, staking, hosting full nodes and so on, however it will have no decision-making authority. The sole purpose of the foundation will be to carry out the wishes of the community, as expressed in their voting results.
Cryptocurrencies are, at their core, software and hardware running a consensus algorithm. However, coins are defined by the people who made them, curated them and maintained them. The ethos of the coin, the soul of the project, is driven by people and their collective values and beliefs.
The ethos of GodFudder is democracy. Crypto is, by its very nature, a democratic instrument — it is designed to transfer financial power from tyrants to individuals. However, many crypto projects are highly centralized, with a small number of people profiting early on from an ICO, pre-mine or the like. Further, the governance of most projects rests with a chosen few, leading to a singular vision and stifled development.
GodFudder creates a framework which allows anyone who is interested to meaningfully contribute to the project and to truly provide native, on-chain, totally decentralized P2P transactions with no intermediary. GodFudder is crypto-democracy.
Key Feature — Governance
All aspect of governance shall be controlled by the entities holding the asset. Each unit of the asset shall be entitled to slate an issue for voting which will be subject to a discission and review period, followed by a voting period. If the vote for the issue is approved, the foundation shall be bound by the voting decision and shall execute whatever action the voters passed. The rules for voting shall be set forth up front, in plain and simple terms. There will be no change to any rules, including and especially, economic and consensus rules, unless there is an approval of the overwhelming majority of the asset holders. All voting mechanisms will be on-chain, natively supported by the platform, decentralized, verifiable by anyone and built-in to the client tools to facilitate easy participation.
By laying out clear rules of the game up front, participants will be willing to commit resources to the project. Entities who have a vested interest in the project will vote on projects that provide long term value Making participation easy increases community involvement and innovation
Key Feature — Economics
Creation of the asset will occur through a combination of mining and staking. POW miners will create new proposed blocks for acceptance by POS stakers. Random stakers will be selected for each block to attest that the block is valid. Block rewards include fixed amounts for block mining/staking and variable amounts for contract execution or asset transfer. Block rewards will be distributed to miners, stakers and a development reserve fund for each block mined. A portion of each block may be burned to enact deflationary policy if so desired.
A flexible on-chain system to enact economic policy reduces uncertainty for investors Miners provide liquidity when they sell to cover fiat currency operating expenses Stakers provide medium to long term deflationary value by locking funds Unlimited issuance allows for future growth as the asset adoption increases
Key Feature — Fair issuance
There will be no pre-mine, no dev fund reserve, no investor reserve and no coin lock-up. It is anticipated that the foundation will play a role at the start of the process to kickstart the project, however that role should naturally dimmish over time as the asset is more widely adopted.
Investor adoption should be rapid as there is no concern for large initial sell-offs Developer and commercial interest will be fostered knowing there is a level playing field Fair issuance results in high initial liquidity and greater institutional interest
Key Feature — Self-executing contracts
The asset will allow for creation of native, on chain, self-executing contracts. This feature will be used initially for staking lock-up. The feature will be implemented with a deterministic, Turing complete VM (time limited) which will be charged to the creator for execution. The Enhanced UTXO model with persistent state will be used. Developers will be able to write contracts which provision storage and execute arbitrary code.
Smart contracts allow developers to create decentralized marketplaces which offer peer to peer financial services. Besides asset value transfer, smart contracts are the core promise of crypto — intermediary free financial instruments
Key Feature — Hybrid security
Block creation will be secured by a memory-hard, computationally complex POW model, followed by a random selection POS model. POW miners will propose new blocks to the network for acceptance. The network will deterministically select random stakers for attestation. Upon full attestation, the block will be accepted and the rewards distributed. Stakers will be required to lock funds for a specific period of time for an amount based upon a rolling average of total outstanding coins. Stakers will be rewarded for each random attestation they complete and will not be required to be “always on”. Frequent chain checkpoints will provide chainlock security to facilitate light clients, fast load times for full nodes and less rollback/fork risk.
POW mining provides high levels of decentralized security from disinterested third parties
POS attestation provides low latenecy verification from vested parties who are likely diverse from miners
POW/POS hybrid makes network attack essentially economically infeasible
Key Feature — ASIC resistant POW
The POW algorithm will employ a memory hard function with a pool size under 4GB to facilitate mining by the largest number of people possible. The memory hard function will epoch frequently. The POW process will involve numerous memory wide fetches from the memory pool coupled with a deterministic compute chain based upon the prior block hash. The compute chain will be optimized for unsigned 32-bit integer operations to ease coding difficulty on GPU hardware. Using this combination of features will ensure the highest level of ASIC resistance resulting in low levels of energy efficiency gain over general-purpose GPUs.
ASIC resistance secures the network by keeping POW mining decentralized
Key Feature — Ministerial foundation
The non-profit foundation will exist to kickstart the project and subsequently, to execute the actions voted on by the community. The foundation will have no decision-making authority and will simply exist to do the bidding of the anonymous voters.
By eliminating any kind of decision-making authority, the foundation is shielded from the threats of centralization. The foundation can execute the will of the voters free from any ideological or political basics.