Crowdfunding made easy
Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people. The Burst crowdfunding feature allows you to create a decentralized crowdfund in a few clicks, and to donate just as easily. Creating a crowdfund is a child’s play; the next step is finding people willing to pay for it.
The crowdfund system is a nice and useful addition to the Burst ecosystem and emphasizes the community spirit that drives all Burst users. Successful crowdfunds have already been organized by Burst 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 there is an audience and market for their project. In the case of an unsuccessful campaign, it provides good market feedback.
- Audience engagement : crowdfunding can create a forum where project initiators can engage with their audiences. Audience can engage in the production process by following progress and sharing feedback.