The most important part in crowdfunding in the — presence of a good idea. However in order to be successful in fundraising this idea needs to be clearly described in detail.
Definition of purpose¶
Purposes, timeframe and the required sum for the project realization need to be clearly formulated for any crowdfunding project. If you have already implemented similar projects, don’t forget to mention them.
It is important at the start of the project creation to define right away how much funding is needed to achieve the set goals. It is important not to forget, that the author will most likely need some resources to implement products that will be used as remuneration to the project sponsors and also their delivery cost. It is reasonable to plan these expenses in advance.
The earliest possible date to finish a project is after 30 days. An author should be extremely careful in setting up a particular date for project finish, since after the project start and the acceptance of the first contribution this date cannot be altered. On this date the Administration will check on the successful fundraising campaign and the project status will be changed accordingly.
Partial fundraising on a crowdfunding project is not permitted. If the project has not gathered the necessary amount within the given timeframe, all contributions will be automatically returned to investors (to their internal Funding service account with the possibility to make a transfer to WebMoney purse).
If the project has collected the necessary amount or more these means will be automatically deposited to the author’s internal Funding service account with the possibility to make a transfer to WebMoney purse.