Crowdfunding is the practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the Internet. Crowdfunding is a form of crowdsourcing and alternative finance. In 2015, a worldwide estimate totaling over US$34 billion was raised by crowdfunding. Although similar concepts can also be executed through mail-order subscriptions, benefit events, and other methods, the term crowdfunding refers to Internet-mediated registries. This modern crowdfunding model is generally based on three types of actors: the project initiator who proposes the idea or project to be funded, individuals or groups who support the idea, and a moderating organization (the “platform”) that brings the parties together to launch the idea.
WHIRL” is empowering individuals to fund each other dreams and makes a community of like-minded people utilizing mutual self-support to launch a worldwide liberality circle. WHIRL is a blockchain-based, a social vision and is the first socially-determined Pay-It-Forward Crowdfunding Platform that is centered around private goals and dreams, helping people to collect the money they require without owing anything, to anybody.
Human beings can not be left to the audience. Many social responsibility projects appear every day to gain the attention of the owners. However, these social responsibility projects are local and do not attract the attention of the public. Besides, there is a common currency problem in the funding of social responsibility projects. People are having big problems turning their currencies into the currency of the fund they will help. Users are waiting days for money transfers. This, in turn, leads to the loss of the interest of the less helpful benefactor.
Whirl team who want to find solutions to these problems and problems in social responsibility projects have decided to implement their own projects. Whirl is a successful funding platform that brings together social responsibility projects. Whirl platform brings together charities and charities, and by removing the obstacles between people, it enables everyone to participate in charity campaigns without cost.
With the security benefits of a blockchain system, your funds are very secure on WHIRL. On top of that, WHIRL takes some extra security measures to make the platform even more secure. For instance only a minimum of crypto is stored online, most is kept in cold storage wallets.
One of the big advantages of a blockchain is transparency. This makes it almost impossible to do fraudulent activities. That’s because all user actions that are taking place are saved on the blockchain. WHIRL stores their data on 2 separate systems. The sensitive data from users are stored on a private database and not on the ethereum blockchain to ensure your privacy. Because everything that is stored on the blockchain is public accessible.
WHIRL has a democratic system of karma points to decide what projects get the most funding. This is very unique and makes it stand out from other regular crowdfunding platforms. The karma system of WHIRL is one of the most fair ways to do crowdfunding. When you didn’t get a chance to get crowdfunded on other crowdfunding platforms you can try WHIRL because a fundraising is guaranteed.
Anyone can use WHIRL, it doesn’t matter where you are from, what official currency you use or what the purpose of your fundraising is. (as long if it’s not something illegal) You don’t even need a bank account since transactions are done by cryptocurrency. It’s free to make an account on WHIRL and also free to use the crowdfunding platform. When you get crowdfunded there are no obligations, you can use the money on your own project just as you like.
For more information about the project please visit below links:
Bounty0x ID: bitcoinevi