Information about crowdfunding
The problem with these established crowdfunding companies is that they are centralized bodies, charging high fees and also influencing the projects. Blockchain-based crowdfunding is set to be a game changer because it decentralizes the funding model.
Basic rules :
- Each individual crowdfunding will use only Official Bitcoin and ETH address.
- Minimum Crowd Funding 0.00777 BTC.
- Donate only from the address to which funds can be refunded if the deadline is not met.
- Check the status before donating. Never participate in crowdfunding with Expired or Finished status.
Status explanation :
- OpenCrowdfunding is still active and open to the public.
- ExpiredCrowdfunding wasn't successfully finished and funds were returned to donors.
- FinishedCrowdfunding was successfully finished , target was reached.