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Stefano Bernardi

Fundabit.co - First crypto-Patreon built on Ethereum

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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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Nick
In order to use the platform, you need to install MetaMask in the browser. This is very inconvenient and makes a stumbling block for mass implementation.
Tobi Schoder
Maker
@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.
Chris Germano
@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
Tobi Schoder
Maker
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
Tobi Schoder
Maker
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. ๐ŸŽ‰ Special PH Promo ๐ŸŽ‰ We pay for your smart contract! The first 100 creators that start a project on Fundabit donโ€™t need to pay the 50ct transaction fee. All you need is the MetaMask plug-in or any other Web3 browser. No cryptocurrency needed.
David Craige
Nice work Tobi!
Tobi Schoder
Maker
@david_craige Thanks David! It means a lot.
Phil Velseck
Not sure what a reasonable service fee for such a platform is but 5% seems a little high doesn't it?
Tobi Schoder
Maker
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
Phil Velseck
@schoby Well, that would be a pretty good discount then.
Dennis D. Draeger
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?
Michael Kaserer
Maker
@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.
Dainis Kanopa
What problem are you solving with Fundabit? Okay, I see it is built on Ethereum from them title.
Tobi Schoder
Maker
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.
Paisano
Your email bounced back. Need to contact you guys
Tobi Schoder
Maker
That's odd. Try tobi@fundabit.co @paisano
Paisano
@fundabit @schoby Thanks. Will do.
Paisano
@fundabit @schoby failed too... with this error... The response from the remote server was: 550 SPF Error: SPF Permanent Error: Too many DNS lookups
Tobi Schoder
Maker
Thanks for the hint. I sent you an email with another address you can use until we fix this. @paisano
Nikita Kolmogorov
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.
Minjae Kim
@nikitakolmogorov Agree. I was keeping watching the board and upvotes of this increased 100 to 400 in 3 hours... unfair results.
Nikhil M
This is cool. Where is your smart contract that handles the automated recurring payments, can you please share the source?
Michael Kaserer
Maker
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!
Nikhil M
@mixkas Yeah, I'm curious about how you implemented the automated recurring transfers. Please share contract address?
Michael Kaserer
Maker
@niksmac I sent you a PM
Nikhil M
@mixkas Got it, thanks.
Nikhil M
@mixkas Considering the amount of interest received for my question, I think you should answer in public.
pet3rpan
Just tried the product. Super simple and easy ~
Tobi Schoder
Maker
@peterdennispan Great to have you and the Wizard of Dapps Podcast on Fundabit ๐Ÿ‘
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