First lets start with how normal Crowd Funding sites like Kickstarter Works:
In a Nutshell Crowd Funding sites are Marketplaces that connect Innovative Entrepreneurs with Investors of all kinds (here investors are not just the Professional investors. Any common man is an investor ).
It all starts when an Entrepreneur comes up with a Brilliant idea of a project, but does not have the money to kick start it. He goes to Crowd Funding sites like indigogo etc. and posts all the information about his idea. He also mentions how much of funding he would require to get his project completed. The twist here is, instead of giving equity to each person who funds… he promises to give each one a piece of his finished product.
Normal people like You and me browse through each project and fund the ones we like. Why? Because we get one of the finished products ( which would cost higher once its for sale ), and also gives us a good feel that we have helped someone achieve his goal.
Now getting back to how our Cryptocurrency powered Crowd Funding Script works: Everything works in the same manner like how a normal Crowd Funding platform works, but just for how the funding is done. When an investor has decided to fund a project, instead of directly paying money > He first purchases equivalent amount of your ICO Tokens. Then he Transfers those tokens to the project he wants to fund ( all this happens seamlessly in a fraction of a second ). Next, the Entrepreneurs who received the Tokens can either hold the tokens or liquidate them to convert them to Fiat Money. They will obviously do the later. Once they raise a request to convert, either you can buy them back and give money to the Entrepreneurs -or- sell it to other investors who want to purchase tokens to funding other projects.
Remember : Each time a transaction happens ie. Tokens get transferred from one person to other, a Smart Contract is getting executed. And each time your Smart Contract gets executed > Certain amount of ETH needs to be paid for Gas. And all this ETH gets transferred to your Wallet.
And what else Happens?
- Your ICO Tokens are being bought by people for real money ie. your Tokens are getting real money value and popularity. Not only are people paying Money and buying your tokens, but they are transferring it to others and they are Selling it and others are again buying it. Which means your ICO Tokens are being transacted actively like any other mainstream cryptocurrency.
- You are the owner of the tokens. So you are holding a huge asset. Say for example you have created 500 Million Tokens and each token is valued at $1. People have started buying your tokens to fund projects. It means that the remaining tokens you are holding have gained the respective real money value! You are suddenly sitting on a gold mine!
- Since Real People are buying and transacting your Tokens for real money > You can list the remaining Tokens in other Exchanges and MarketCap sites like coinmarketcap etc. Traders will start seeing a real business model behind your tokens and start buying your tokens.
How do you Make Money using this Blockchain powered Crowd Funding Software?
For better understanding: We recommend you to first read the details in the above para, and then read these money making points:
- Every time a transaction happens, your Smart Contract gets executed. Every time your Smart Contract gets executed, the gas fee is collected from the person initiating the transaction. This Fee is paid to your wallet as ETHER.
- For promoting a listing to be a ‘Featured listing’, you can collect money from listing owners.
- For each amount of funding received, you can collect a percentage of the fee as the platform fee.
Top 4 Reasons to buy this Blockchain powered Crowd Funding Script:
- Crowd Funding on the internet is a trend. People just love spending on Crowd Funding platforms, as they get the product for a lower cost and also feel thrilled helping someone to achieve something. The Crowd Funding space worldwide is still very much under served for various micro niches. Using this Crown funding software, you can start a niche platform instantly.
- Both Cryptocurrency and Crowd Funding are all about the masses. Both these trends fit perfectly within each other. This turn-key Crowd funding software is powered by the use of Cryptocurrency in the most perfect blend.
- This can be the most ingenious strategy to also make your ICO a hit. By making your tokens as the base currency in the platform, you are seamlessly selling and distributing your tokens to the masses. Your token gains traction and value aggressivly.
- This concept is Viral in nature. The entrepreneurs who have listed their projects will for sure share the listing and ask their friends to share. Thus doing free marketing for your platform. On the other hand the investors who fund projects will also feel proud to announce their interest and make others to co-invest in projects!
