Le Lézard
Classified in: Science and technology
Subject: PDT

Dutch Start-up Kicks Off Worldwide Knowledge Crowdfund Action



AMSTERDAM, October 6, 2017 /PRNewswire/ --

Start-up Fracaz is Seeking One Million Questions for App Database

The Dutch start up Fracaz has a unique business proposition, whereby contributed trivia questions are rewarded with company shares. With a database of more than one million questions the Dutch-French enterpreneur team wants to launch their global app in the course of 2018. At a later stage the question database will be made available for education purposes.

'Fracaz will be a trivia and knowledge quiz with a completely new and challenging format,' said Fracaz-CEO Martin Dieleman. 'Fracaz will be fun but also informative.'

Large potential
Before the app launch, the start up asks its target audience for support. Today Fracaz starts crowd funding action, opposed to other start-ups Fracaz is not looking for money, but knowledge. The founders want to build a database of a million questions and answers. 'We want to tap the knowledge of different kind of people,' Dieleman explained.

As of today the global community can upload an unlimited number of questions and answers. The entries will be checked and for every ten approved Q&A's a share with a vaule of one euro in Fracaz Holding is awarded. 'The database and the app that we will build in this manner will represent a great value,' according to Dieleman. 'By co-operating with the company, the contributors become the co-owners of a start up with large potential. Furthermore, a knowledge community will be formed, which will have many supplementary applications in the longer term.'

Sharities
Not only contributors but also sharities will profit from the company's activities. When the threshold of one million questions is reached, relevant questions will be made available for education purposes. Pupils can then use the questions to rehearse course material for tests and exams. Also the contributors can elect to donate their shares to a foundation that supports non profit organisations like Wikipedia and Unicef. Dieleman: 'Fracaz will be an app that will give its users a lot of enjoyment and at the same time propels the distribution of knowledge throughout society.'

The app distinguishes eight categories of questions, among which are entertainment, media, sport, science and culture. There is an alternative in buying questions on the open market but this is not something Fracaz wants to do. 'It would compromise the originality and quality. We are building a trivia quiz of a high standard that is not a fad that passes in a week but will be a mainstay on your smartphone and fascinate you for many years.'

http://www.fracaz.com


These press releases may also interest you

at 04:27
As more large hotel chains have invested their time, money and energy in launching their own direct-booking campaigns, online travel agency sites such as Expedia have become increasingly eager to form better deals and relationships with hoteliers....

at 04:17
Support grows for Monaco's vision of Cryptocurrency in Every WalletTM Monaco, the pioneering payments and cryptocurrency platform, today announces that its MCO token will be listed on three additional cryptocurrency exchanges: Coinnest, Coinrail,...

at 04:00
Responding to strong growth and a forecast for greater expansion, NPAW has taken a leap forward with a new, 1290 m2 footprint in the heart of Barcelona's tech district.  NPAW (NICE PEOPLE AT WORK)- a global leader in business intelligence and...

at 04:00
Namilumab exclusive worldwide licence granted by Takeda  Awarded £1.35 million grant by Innovate UK to support phase II proof-of-concept study  Highly experienced management team; co-founded by serial entrepreneur Bryan Morton   Izana...

at 04:00
IEEE, the world's largest technical professional organization advancing technology for humanity, announced today that its IEEE Smart Village initiative was named a finalist in the 2017 United Nations Department of Economic and Social Affairs...

at 04:00
Shawbrook Bank, a specialist UK savings and lending Bank, has deployed a central platform for the management of business-critical spreadsheets, from ClusterSeven, the leading global supplier of strategic spreadsheet and end-user computing (EUC)...




News published on 6 october 2017 at 02:00 and distributed by: