Satoshi Nakamoto Blog

Category : Crowdfunding

Crowdfunding is the practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the Internet. Crowdfunding is a form of crowdsourcing and alternative finance. In 2015, over US$34 billion was raised worldwide by crowdfunding.

Although similar concepts can also be executed through mail-order subscriptions, benefit events, and other methods, the term crowdfunding refers to Internet-mediated registries. This modern crowdfunding model is generally based on three types of actors: the project initiator who proposes the idea 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.

Crowdfunding has been used to fund a wide range of for-profit, entrepreneurial ventures such as artistic and creative projects, medical expenses, travel, and community-oriented social entrepreneurship projects. Its use has also been criticised for funding quackery, especially costly and fraudulent cancer treatments

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Chip raises UK’s ‘largest’ lockdown equity crowdfund on Crowdcube – FinTech Futures

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Chip, a UK-based auto-saving app, says it has raised the UK’s largest equity crowdfund since the lockdown began on Crowdcube. Despite the economic uncertainty of...
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UK trading app Freetrade to launch sixth crowdfunding campaign – FinTech Futures

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Freetrade, the UK-based trading and investment app, is set to launch its sixth crowdfunding round next month, AltFi reports. Despite coronavirus, the fintech will return...
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Freebitco.in Gaming Site Launches Covid-19 Relief Fund – Donating 20% House Edge to Healthcare Efforts

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The owners of the website Freebitco.in have announced a coronavirus relief fund following the myriad of other crypto companies donating funds to help fight the...
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Australian neobank Xinja launches $33m Series D with customer buy in opportunity – FinTech Futures

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Xinja Bank, the Australian challenger which accumulated $300 million in deposits just seven weeks after the launch of its 2.25% Stash savings account, has announced...
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Flipstarter Reveals Eatbch and BCH Development Funding Goals – Blog Post Receives $2k in Tips

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On Sunday, developers of the Flipstarter.cash project announced the start of private testing for the platform’s BCH assurance contracts and the team also revealed the...