The Initial Creator Fund
To incentivize creators to join the Pledgecamp platform, 5% of the initial Token Allocation, or 500,000,000 PLG, will fund the Initial Creator Bonus. #TokenTuesday
This initiative to recruit initial projects to the early platform will take two forms. First, creators who run a successful Pledgecamp campaign will earn the following bonus:
C = PB * 0.2
- C is the Creator’s Compensation
- P is the median pledge amount in PLG
- B is the number of individual backers
This amounts to an approximate 20% bonus added to the pledge of each backer. The cumulative bonus amount must be spent on services in the Market Network, to ensure that funds are used directly on their projects. This article describes the Market Network in more detail:
This will also attract early vendors who can receive these funds. Any campaign suspended by Moderators is not eligible for this bonus. In addition, portfolio companies of eligible startup incubators and accelerators will be awarded up to 50,000 PLG per company that runs a crowdfunding campaign on Pledgecamp. This incentive is to encourage companies to run their projects on our nascent platform. If the Initial Creator Fund is not depleted after 36 months, the remainder will be allocated to the Platform Fund.
In closing, the benefits of joining the Pledgecamp platform at an early stage are clear. We ask that anyone who may be looking to crowdfund with a novel platform and #BackerInsurance reach out to hello@pledgecamp.com with details about your project and the amount you’re looking to raise.
For more details about the Pledgecamp platform, refer to our white paper accessible at https://pledgecamp.com/whitepaper.
This post may contain forward-looking statements about the future functionality of the platform. The platform is currently in development, and we reserve the right to make changes to the design, names, or functionality of features in the interests of making the platform successful. For full risk factors, see white paper.
