Crypto Kickstarter

• Status: In developement
• Url: private
• Launch: TBC

Why?

Kickstarter is riddled with scammers and sadly investors lose confidence in parting ways with their hard earned money after they have been taken for a ride.

Crypto Kickstarter makes use of the ethereum blockchain's smart contracts to enable investors to have a more hands on approach in the investements they make.

What?

When an investor invests in a campaign on Crypto Kickstarter, their investment is deposited into the balance of the campaign's smart contract (effectively an escrow account ) and they become whats known as a contributor.

• A contributor who meets the minimum contribution automatically becomes an approver.
• Campaign owners or 'managers' (users who create a campaign) are able to make requests to withdraw funds by providing a description of what the funds are to be used for and to whom they should be transfered to.
• Once a request has been made on a campaign, an approver is able to approve that request.

Here's the cool bit:

• A request must be approved by over 50% of the approvers for the request funds to be 'finalized' and released to designated account.

Investors have more involvement in their investments and campaign creators can offer more security to their invertors.