One of the causes of the upsurge was the fact that bitcoin, the cryptocurrency that started it all back in 2008, experienced an unprecedented price inflation.
The going price of $998 at the start of 2017, rose to $13,412 by January 2018.
While the price of bitcoin has subsided significantly since then (it is sitting at about $7000 at the moment of writing), the blockchain technology that made it possible in the first place has been used to create numerous offshoot cryptocurrencies.
It consists of entries called blocks, which are linked together into a chain using cryptography.
A blockchain is not stored on a single server, but is distributed across a large number of nodes.
These days, the entrepreneurship is more popular than ever and it’s not gonna change in the near future for sure.
Most of the young people out there prefer to own an entrepreneurship themselves, than choosing to work in a 9 to 5 job!
It helps the important and interesting projects come to fruition.
Crowdfunding over the blockchain allows people to access investment opportunities.
Are Cryptocurrency and Crowdfunding a perfect match?
Crowdfunding has become a popular way to get funding for a new project or startup business.. Crowdfunding is where you find a lots of people to invest in your business. Everyone chips in achieve the ultimate goal. But while you can ask each kick in some cash, you don’t want to ask 500 people to write you a cheque or hand you 20 bucks. At Some point, it can be awkward. And it is also time consuming. Mainly three crowdfunding types: donation-based Crowdfunding, reward-based crowdfunding and equity Crowdfunding.
Reward-based crowdfunding works if the amount being raised is less than $50,000.
If you’re looking to start your own crowdfunding a business. here are the major platforms in the market.
- Kickstarter.
- Indiegogo.
- Patreon.
- GoFundMe.
- Crowdrise.
- SecondMerket
- Razoo.
- RocketHub.
- Crowdfunder.
- Give.
Kickstarter : Kickstarter is the most well known name in crowdfunding and arguably the most active platform, raising over $2 billion since its launch in 2009. Kickstarter has criteria for funding All or nothing. So, if you are planning for a new venture like it with your own expanded features you can get your Kickstarter clone Script from NCrypted Websites.
Indiegogo : Indiegogo was the first major fundraising platform, It is a global crowdfunding platform that democratizes the people raise funds for many project such as creative, entrepreneurial, or cause-related. Indiegogo has no disallowances against cause-related and compassionate activities, and it likewise offers an “adaptable subsidizing” alternative that enables you to gather every one of your gifts regardless of whether you don’t achieve your objective. Indiegogo clone Script by NCrypted, is a social fundraising tool. On the off chance that your undertaking doesn’t achieve goal, even it can keep all fund-raised.
GoFundMe : The most casual amongst crowdfunding sites, it adopts an informal tone for generally small-scale, personal or charity projects, It takes a very easy and soft approach for goals and deadlines. Lets you start a crowdfunding platform like gofundme clone that helps people in raising money for their personal projects like educational , medical emergencies, charities or any other non-profit initiatives.
SecondMarket : SecondMarket Clone is a Fundraising Software by NCrypted Websites, where you can invite fundraisers and donors to help and fund member’s projects. SecondMarket PHP Clone hosts creative projects. Features of SecondMarket Clone:
How crowdfunding can help you Researching studies abroad We have all indirectly supported these incredible Instagrams of people on Erasmus who take gondolas through Venice or consume wine under the Eiffel Tower and we can't help, but we want to participate.
Crowdfunding websites for a student projects
Crowdfunding on Kickstarter or Indiegogo is sure a good way to raise funding for your project, but, it’s not cheap.
Find out How Much Does it Cost to Run a Crowdfunding Campaign on Kickstarter and Indiegogo?
