Invention Grant
- Patent Title: Transparent crowd sourcing for projects
-
Application No.: US16186203Application Date: 2018-11-09
-
Publication No.: US11580538B2Publication Date: 2023-02-14
- Inventor: Jonathan Heavey
- Applicant: MINUTEMAN CAPITAL LLC
- Applicant Address: US OH Rocky River
- Assignee: MINUTEMAN CAPITAL LLC
- Current Assignee: MINUTEMAN CAPITAL LLC
- Current Assignee Address: US OH Rocky River
- Agency: Tarolli, Sundheim, Covell & Tummino LLP
- Main IPC: G06Q20/38
- IPC: G06Q20/38 ; G06Q20/36 ; G06Q40/04 ; G06Q20/40 ; G06Q40/06 ; H04L9/00

Abstract:
Methods and systems are provided for crowdsourced funding via a blockchain system. A token contract, associated with a token issuer, is generated on a blockchain system. Tokens are issued to a plurality of token holders. Each of the plurality of token holders is allowed access to a feedback mechanism associated with the token issuer. A performance of the token issuer in an associated field is monitored to provide at least one performance metric. A dividend is paid to each token holder proportional to a number of tokens held by the token holder after a predetermined amount of time based on the at least one performance metric.
Public/Granted literature
- US20190139032A1 TRANSPARENT CROWD SOURCING FOR PROJECTS Public/Granted day:2019-05-09
Information query