CrowdFunding: A Revolutionized Funding Bridge
CrowdFunding is not just about raising funds; it's about forging a deeper connection between creators and fans. This innovative platform transcends traditional fundraising models by offering both creator-initiated and fan-initiated campaign options. It upholds transparency and immutability, harnessing the power of smart contracts and blockchain decentralization. This approach ensures that conditions, whether set by creators or fan clubs, are clear from the start, with fans empowered to assess viability and risks before engaging.
Key Features:
Flexible Token-Based Crowdfunding: Creators or initiators can set up campaigns using any token of their choice, offering versatility in how funds are raised.
Token and NFT Issuance: Creators can issue tokens and NFTs to their supporters, reserving a percentage for themselves, their team, or a community stockpile. These tokens/NFTs serve multiple purposes, from governance rights to community access and other exclusive perks.
Diverse Fundraising Models: FansFunding supports both creator-initiated and fan-initiated models, giving flexibility and empowerment to both parties.
Smart Contract-Driven Agreements: Agreements and funding conditions are executed automatically via smart contracts, triggered by predefined criteria, ensuring fairness and adherence to agreed terms.
Escrow and Milestone-Based Fund Release: Funds are held in escrow and released based on project milestones or voting outcomes, ensuring that funds are used appropriately and as intended.
FansFunding User Flow
CRT-Initiated Campaigns: Creators present their proposals, complete with concept, goals, milestones, and funding terms. Fans can then commit tokens as per their choice. Smart contracts automate the execution of agreements, with funds held in escrow and released as per agreed milestones or voting outcomes.
CRT-Initiated Crowdfunding Fan-Initiated Campaigns: Shifting from traditional models, fans or fan clubs can now initiate crowdfunding campaigns. These campaigns are governed by smart contracts from the outset, ensuring transparent and secure fund management. Once the campaign gains enough traction, creators can officially endorse the event, adapting the contract to new goals and terms.
Fan-Initiated Crowdfunding
CrowdFunding, as a core protocol of the Kiiwe Network, actualizes the mission of establishing a decentralized, fan-driven support system. It exemplifies the vision of creating an environment where fundraising and sales activities are transparent, fair, and continuously beneficial. In this ecosystem, fans are not just spectators but active participants and decision-makers in the creative journey. The platform aims to revolutionize the way creators and fans interact, making Kiiwe a powerful force in realizing creators' dreams.
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