Relief
invest
SELL
Reina Dorada
account
The Fabulous Futurist Social Bank is philanthropist-inspired approach to social, environmental, and economic evolution.
This inclusive model opens up previously unattainable resources and revenue streams that now make it possible for remote vulnerable, rural and urban communities’ worldwide to participate in or create their own localized economies.
The Fabulous Futurist SOCIAL BANK is supported by fiat and digital currency as well as human, natural and cultural resources which provide the capital to be traded on our platform between investors and communities at local and international levels.
Through the FFX platform and supporting BARTERING APP, the parties can decide on the form in which their individual capital and other gains get traded, monetized and disbursed.
It has been shown that many communities have abundant natural resources as well as other important attributes in terms of human and cultural talent. For this reason, the Fabulous Futurist Social Bank aims to support and encourage communities and investors to identify, categorize and structure resources and transform them into shared gains
The Fabulous Futurist Social Bank is an inclusive and sustainable economy generator that uses tools such as “bartering”, sweat equity and human talent to positively impact the quality of life of global communities.
The intended outcome is to provide a competitive opportunity to communities that allows for self-sufficiency vs charity. This applies to those that may not be well known due to their remote locations or urban communities that are over looked in a particular city.
The Fabulous Futurists Social Bank is funded by the allocation of a .5% from all sales derived from transactions that occur on the Fabulous Futurists Platform
There are two functions for the Fabulous Futurists Social Bank:
1. Accumulation of funds into a third party fiduciary account that will provide entry capital into a particular activity or development that will garner gains for both communities and investors.
a. Communities can qualify for the Entry Trading Fund (ETF) by subscribing to the platform and submitting their history, location and general data including any of their environmental, social, cultural or other resources available. This must be accompanied by their immediate needs, development concept, and strategy or over all objectives. As members of the FF platform, interested parties will contact the community delegate to determine their particular engagement.
2. Help after a tragedy or emergency and provided by the Fabulous Futurist Social Monetary Fund (SMF). This component is also managed by a fiduciary account
Funds disbursed through the fiduciary account are used as immediate help for a community in need. Through a collective vote, members on the platform chose the community that will benefit.
The platform is the vehicle that connects the funds to the communities, but the funds are never handled by the platform or any of its members. However, members on the platform can view and access all activity within the fund at any time. Products, programs, or services are paid for and deployed to cure a particular urgency; however, cash is never delivered to any community.