Burstcoin crowdfunding, fundraising for causes and projects
Burstcoin implements a crowdfunding system which allows every Burstcoin user to set up a crowdfunding campaign.
Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people. The Burstcoin crowdfunding feature allows you to create a decentralized crowdfund in a few clicks, and to donate just as easily. Creating a crowdfund is simple.
The crowdfund system is a nice and useful addition to the Burst ecosystem and emphasizes the community spirit that drives all Burstcoin users. Successful crowdfunds have already been organized by Burstcoin developers and users alike.
Crowdfunding also provides the producer with a number of non-financial benefits:
Profile: a compelling project can raise a producer’s profile and provide a boost to their reputation.
Marketing: Project initiators can show that there is an audience and a market for their project. If a campaign is unsuccessful, valuable feedback can be provided.
Audience engagement: crowdfunding can create a forum where project initiators can engage with their audience. The audience can engage in the production process by following progress and sharing feedback.