If you want to raise a reader, be a reader. If you want to raise a good kid, be a good father. And if you want to raise money, research shows one of the best ways you can make that happen is to have great appeal that grabs donors' attention and inspires them to give.
Instead of turning to traditional investment institutions, we can bypass venture capitalists and angel investors to raise money for new ideas and businesses through crowdfunding platform. It's also an opportunity for people to back others to succeed by being part of a business ownership, revenue sharing and an opportunity for a better return than placing money elsewhere.
Crowdfunding is a new way to improve life quality & community wellbeing. But the problem with crowdfunding is that finding someone worth backing with your money is a difficult process. So even if the idea is solid, they might not all get funded.
There is also problems with current crowdsourcing platform like; scams, fraud, and deceit. Remember the Zano case? one of highest-grossing Kickstarter campaign of all time, declared bankcruptcy less than a year after it raised millions of funding. With more and more cases like this, questions were raised over whether backers would ever see the fruits of their donation.
Whirl.com is building a new model of crowdfunding to embrace the "power of good". Instead of one-way donation from an individual to the campaign creators, participants can only start a fundraising campaign after they have donated to other's campaign first. In other words, you need to help others before you can ask for help for yourself.
Too often, "people try to make withdrawals before they've made any deposits". They ask before they give anything. It's not a healthy relationship. If you come and help others afterwards everything is great. That's what the community is for a lot of people.
Whirl's platform is not just a crowdfunding platform but about developing a community. And encouraging the members of the community to interact and help each other.
When you donate to a campaign on Whirl.com, you will earn "Karma", a point for every dollar you give to any particular campaign (7 Karma points per $1 donation). The more karma you have, the more money you can raise. For example, if you earned 7,000 Karma points after donating $1,000 then you will be able to raise up to $7,000 goal on your campaign, if you started one.
This way we can eliminate the possibility that the campaign would not meet its schedule or harm the backers interest, like what happened with Zano failure. Since any campaign creators need to "pay it forward" or donate almost as much as what he/she is going to raise.
But the uniqueness of Whirl is that it is built on the blockchain technology. Providing a high-security level and independence on any intermediaries and central authorities, Whirl utilizes the technology to reduce platform fees and banking restrictions. This means anyone from anywhere can use the platform.
There are still countries that have restrictions on trade and movement of capital and goods. For example US restrictions on fundraising across state borders, discriminates against groups located outside of the state. Not to mention other country's restrictions on fund transfer. Whirl believes in equal opportunities for all, that we can prosper with people from diverse ethnic groups by living and working together. That's why Whirl accepts all major cryptocurrencies, like Bitcoin and Ethereum including Whirl's native token "WRL". In an effort to create the world without borders.
By becoming a borderless community, Whirl can help end humanity's suffering, allowing global community to prosper under any condition.
username: stoneo
