Why: The global crowdfunding market is a powerhouse, with a total addressable market (TAM) size growth of 14.5% CAGR, exceeding USD1.41 billion in 2023 and projected to USD3.62 billion by 2030 (Market Research Report, 2023), driven by democratisation of media platforms for social pooling of funds for diverse course. This booming industry presents a significant opportunity for innovation and improvement, especially with increasing need for transparency and accountability of funds usage. With our Crowdfunder 2.0, we bridge the gap of traditional crowdfunding models. We give crowd funders what they want: transparency, security, and results, while empowering projects teams with a streamlined way to access funds while being held accountable for their promises and causes.
How: Time-Based and Metric-Based Token Unlock Enabled by Chainlink. We introduce a unique feature – a time-based and metric-based token unlock system. This ensures that crowdfunders' funds are released only when predetermined milestones are met, reducing risk through milestones-based funding. This not only protects crowdfunders but also incentivizes project teams to deliver tangible results.
On and Off-Ramp Functionality. In addition to supporting cryptocurrency contributions, Crowdfunder 2.0 facilitates the seamless conversion of cryptocurrency to fiat currency. This on and off-ramp functionality empowers project teams to access funds in their preferred currency, offering unprecedented flexibility.
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