Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people.
The crowdfunding model is fueled by three types of actors: the project initiator who proposes the idea and/or project to be funded; individuals or groups who support the idea; and a moderating organization (the "platform") that brings the parties together to launch the idea.
Types of crowdfunding : The two primary types of crowdfunding:
1) Reward-based crowdfunding: entrepreneurs pre-sell a product or service to launch a business concept without incurring debt or sacrificing equity/shares.
2) Equity-based crowdfunding: the backer receives unlisted shares of a company, usually in its early stages, in exchange for the money pledged. The company's success is determined by how successfully it can demonstrate its viability
We will be the platform (Mediator) for both the Initiator and the group who support the Crowdfunding Idea.