DeFi Global Crowdfunding

DeFi Global crowdfunding platform is designed to provide a transparent, efficient, and automated method for raising funds. The platform leverages smart contracts to ensure security, eliminate intermediaries, and maintain trust among contributors and project creators.

  1. Background

    These contracts let people create and join crowdfunding campaigns on the blockchain which is decentralized.The core architecture revolves around the following key areas.

  2. Campaign Creators

    Set a funding goal and deadline.

  3. Contributors/Investors

    Donate money (ETH/USDT).

  4. Funds are locked

    Until approved by voting.

  5. If something goes wrong,

    Supporters can report issues and get refunds.

  6. How It Works

    When creating a Campaign,a factory contract (like a vending machine) creates new crowdfunding campaigns.During a campaign creation the following is required:

  7. Donating to a Campaign

    You send crypto (ETH/USDT) to the campaign, Your donation is recorded, and you get voting power on how funds are spent.

  8. Spending the Money

    The campaign admin (creator) can request payments (e.g., "Pay $5,000 to a supplier").Supporters vote on whether to approve the payment.If enough people vote YES, the money is sent.

  9. Fraud Protection:

    If many supporters report a problem, the campaign can be frozen.A super admin (like a moderator) can step in if needed.

  10. Refunds:

    If the goal isn’t met or the campaign is frozen, supporters get their money back.

    • Fees

      A small fee of 7% is taken from payments.This fee is split between: Platform (for maintenance and affiliates (people who helped promote the campaign)

    • Why DeFi Global Crowdfunding Platform?

      • No middleman

        No company, No Banks, No Borders, everything is decentralized leading to Infinite Possibilities.

      • Transparent

        All votes and payments are on the blockchain.

      • Secure

        Funds can’t be stolen unless voters approve.

      • Fair

        Supporters have a say in how money is spent.

    • Who Controls It?

      The campaign platform is controlled by the following three key parties.

    • Campaign Creator

      Sets up the campaign and makes spending requests.

    • Contributors/Investors

      Vote on payments and can trigger refunds.

    • Super Admin

      Emergency control (only used if something goes wrong).

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