What is Widen Crowdfunding and how does it work?

Crowdfunding is a way of raising money from a large number of people, which removes the financial obstacle in front of people who want to bring their ideas or projects to life. Crowdfunding enables investors to contribute to the realization of projects they like and see potential. Crowdfunding, which is a way for project owners to fund their ideas, provides a large amount of capital by bringing together small amounts of investments from investors, and at the end of the funding, the capital required for the project to come to life is collected. On the other hand, investors can get a certain amount of share from the future earnings of the project, which is realized with the capital collected. Thus, both the project owner and the investors win. You can think of crowdfunding as a big snowball made up of small snowflakes.

Show your potential to investors

With the development of the internet, the Web 1.0 era, in which internet users assumed the role of a passive audience, came to an end and in Web 2.0, where the internet became a social medium and users could interact, crowdfunding became possible over the internet as well. Thus, projects were able to reach more investors and be funded more quickly. The diversity of projects participating in crowdfunding, which has become easier with the development of the Internet, has also increased. Thus, the most important thing in funding a project was that the project owners were able to show the potential of their projects to the investors.

Rise with Widen Crowdfunding

Today, we are in an era where the internet can be used decentralized and is supported by blockchain; Web3. Now think about how crowdfunding could be with blockchain infrastructure. Widen lets the Wideners get funding and marketing support from backers when they need it and in return, share their revenues when their projects carry out. So basically, Widen connects Wideners with backers to fund projects.

There are 2 types of crowdfunding for Widen

Concrete crowdfunding based on deadline

You can think of it with Kickstarter logic. It includes products and services that have a tangible basis and those can be provided to investors physically or digitally at the end of the project in the light of this basis. To explain it with a simple example, an author who wants to publish his book can get it through crowdfunding and send his book or NFTs to contributing backers. If the project is successfully funded, the funds committed funds will be debited directly from your backers’ locked stakes. There is a 20 days window following your project’s deadline where we will be collecting and processing the pledges. After 20 days have passed, payment will be initiated and the funds will be automatically transferred directly to Wideners’ wallet.

Imagination-based abstract crowdfunding with no deadlines

It is the type where more abstract concepts are funded with blockchain technology. A Widener who thinks he will be a good footballer in the future, a doctor who thinks he can cure an incurable disease by discovering a drug in the future, an entrepreneur who thinks that he can disrupt the industry thanks to his new venture and many Widener crowdfunding.

The most fundamental issue here is whether the promises will come true when the project is successful. As Widen, we sign detailed and special contracts with the owners of the projects for all crowdfunding projects that will not make the investors suffer. We believe in Wideners before investors.

Thanks to these contracts, Widener is not paid all of the funds raised and Widen’s liquidation guarantee is provided against any eventuality. By this means, in both types, in cases where Widener realizes the promised project and does not pay the backers, Widen returns the rewards to the paying investors along with the rewards that the investors have achieved so far.

Why Widen Crowdfunding

Widen brings crowdfunding to the blockchain world for the first time. Removing the limitations of crowdfunding as a system that only funds startups and projects, Widen makes it possible for investors to invest in people or their projects they see as potential and earn when they succeed; so it’s a complete win-win situation. Crowdfunding is based on trust between investors and stakeholders. With Widen bringing crowdfunding to the blockchain world, crowdfunding becomes a unique, independent system that keeps transactions between parties transparent. Widen’s building of this trust between the two parties with 100% transparency enables Wideners to attract large funds from investors. The main advantages of blockchain, “transparency and immutable information”, meet with Widen in crowdfunding, reducing the uncertainty between the parties. Entries placed on a blockchain are incredibly reliable and cannot be altered or manipulated, thereby removing doubts in the minds of both Wideners and investors.

About Widen

Widen is a Web3 blockchain platform in which everyone can create their own independent digital economies by using blockchain. Widen allows people to take advantage of their own potential by creating the best environment for people to enjoy the benefits of Web3.

Stay in Touch

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