Crowdfunding and support of copyright projects

Anyone can offer an idea or project that requires a certain amount of money. People asses the idea and if they like it they donate. If the required amount is collected till specific date, then the collected money is transferred to the author of the idea, and he proceeds to the implementation of the plan.

In the near future we will start working on Crowndfunding system and will try to help raise funds to finance talented authors.

It is important to pay attention to several features:

First of all, the money is transferred to the author of the idea only in case of successful collection of the entire necessary amount. For example if the required amount is 5000$ but the collected amount is only 4000$ then all the collected money are returned back to donators. The project did not receive the required public support. But most of the time the situation is opposite; if the project is interesting it collects much more than is required. For example, a strap project that turns an iPod into a watch has collected almost a million dollars.

Secondly, the author of a project or an idea does not just collect money, but offers something in return for donators

 

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