Crowdfunding: from A to Z

Nansy Dunne
bartersmartplace
Published in
2 min readJul 31, 2020

Hello. In this post, we will tell you everything you need to know about crowdfunding.

๐Ÿ“Œ Crowdfunding is seen as a special case of crowdsourcing. It means attracting financial resources from a large number of people (from the English Crowd โ€” crowd and Funding โ€” financing) in order to sell a product or service, help those in need, hold events, support both individuals and legal entities, etc.

๐Ÿ“Œ Crowdfunding is a relatively new method of financing projects using the Internet. After successful incarnations in the field of non-profit social projects, crowdfunding is gaining strength in the field of financing start-ups and cryptocurrency projects.

๐Ÿ“Œ Crowdfunding is characterized by a decrease in the role of intermediaries. After all, now you can get financing without the participation of banks, venture capitalists, or stock exchanges. The process has become much simpler, more transparent, and more democratic.

๐Ÿ“Š Crowdfunding classification

๐Ÿ”น Crowdfunding without reward. Donations are usually voluntary acts, made in an altruistic and non-binding manner for the recipient. This model is most often used in social, political, and medical projects.

๐Ÿ”น Non-financial reward . The main feature of this model is the receipt of sponsors in return for their support of non-financial rewards. A special case of a non-financial reward scheme is the โ€œPreorder modelโ€. The reward can be the financed product itself.

๐Ÿ”น Financial reward (Crowdinvesting). Its main characteristic and distinguishing feature from other forms is the presence of a financial reward, which the sponsor (in this case, the investor) receives in exchange for his support.

๐Ÿ”— BARTER SMARTPLACE Crowdfunding Campaign

โœ”๏ธ BARTER SMARTPLACE is a confidential digital asset exchange platform based on a legal smart contract. As the main element of the platform ecosystem, a service of tokenization of a real valuable asset is provided, which can then be placed on the smartplace.

โœ”๏ธ BARTER will conduct a crowdfunding campaign at the IEO stage, distributing 10% of tokens at a cost of $0.3 per token.

Learn more about BARTER on our website: http://barter.company

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Join our community: t.me/barterteam
Telegram-wallet: t.me/barterwalletbot

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