WHIRL is a blockchain-based crowdfunding platform.

WHIRL is connecting people with one-another in mutual self-support, regardless of what they need money for, where they’re from, or who they are. WHIRL only allows a limited number of campaigns to raise money at once, ensuring that everyone gets to share equally in the limelight.

WHIRL is ideal for people who don’t have the contacts, skills, or funds to campaign in other ways. By joining the WHIRL community, you can back people with similar dreams, and get their backing in return. WHIRL is not a typical crowdfunding platform tacked onto the blockchain; it offers a number of key improvements and innovations over legacy crowdfunding platforms.

WHIRL can be used to finance anything (within reason), from scientific endeavours and new business ventures to personal goals or medical bills. The really exciting part of it is that our unique approach ensures that every active campaign gets the funding it needs! By incentivising our community with internal Karma points and our native currency, the WRL token, we can guarantee that every project that comes to the front of the transparent queue of campaigns is a success.

How WHIRL Works

Karma points

Backing a campaign on WHIRL earns the backer Karma for every dollar they contribute. Different sums of Karma can be earned depending on

-The cryptocurrency used to support a campaign and.

-Whether that campaign is for a non-profit organization, in which case it offers a Karma bonus.

Karma is required to create a fundraising campaign on WHIRL (500 required) and determines when a campaign can go live and how much it can raise. Karma is not a cryptocurrency; it is an internal accounting system that cannot be bought, sold, or transferred. Once a member completes a fundraise on WHIRL, their Karma balance resets to 0 and they pay forward the benefits they’ve received to help others and build Karma once again in pursuit of another campaign.

Nonprofit initiative

WHIRL works closely with leading nonprofits around the world to help them access a new source of capital. WHIRL educates them on the ins-and-outs of cryptocurrency, waives all platform fees, helps them set up their campaign, fast-tracks their campaign, gives it special visibility on the site, and then incentivize backers with bonus Karma.Giving economy. WHIRL’s core innovation is that you can only create a crowdfunding campaign after you’ve contributed to others. And the amount you’ve contributed determines how quickly your campaign goes live and how much it can raise. All of this is managed by an internal points system called “karma,” which creates a pay it forward, giving economy that will inspire a whirlwind of good across the globe.

100% success rate. Second, while crowdfunding success rates have precipitously declined over the last few years, WHIRL guarantees a 100% success rate. This is made possible by WHIRL’s karma economy and the fact that WHIRL brings the entire community’s attention on only a few active campaigns at once. When combined with karma limitations and incentives, WHIRL ensures a 100% campaign success rate.

Truly global. Because it’s built on the blockchain and accepts cryptocurrency, anyone can participate without worrying about the banking restrictions inherent to legacy crowdfunding platforms. WHIRL does not segment its audience by region, enabling campaign creators to connect with an audience of international backers.

First major blockchain-based crowdfunding platform. Unlike other blockchain projects, WHIRL isn’t empty, future hype. The platform is working today after more than a year of development, and portions of its technology have been in development for three years. WHIRL lets anyone back campaigns with a dozen major cryptocurrencies, infusing a new source of capital into crowdfunding.

Socially driven. WHIRL works with leading nonprofits around the world and gives them featured placement, white glove support, waived platform fees, and bonus backer incentives. WHIRL will also prioritize campaigns that relate to urgent humanitarian crises, helping drive fundraising to people with desperate, short-term needs. WHIRL understands that the most effective way to improve the world is by helping those who are already improving the world.

About WHIRL

WHIRL is a socially driven, “pay it forward”-style crowdfunding platform that’s built on the blockchain. On WHIRL, you can only submit a fundraising campaign after you’ve donated to others, creating a positive feedback loop of generosity. WHIRL is inspired by historic community giving funds, but uses blockchain technology to enable anyone to participate, regardless of currency or geography. WHIRL is reinventing philanthropy by helping global nonprofits and charitable organizations access a new source of capital.

WHIRL is improving the lives of people around the world by giving them a new, better way to raise money for their projects, passions, and obligations, without having to ship rewards, ask friends and family for donations, or take out expensive loans. WHIRL is connecting people with one-another in mutual self-support, regardless of what they need money for, where they’re from, or who they are.

WHIRL is the only crowdfunding platform that’s built on mutual self-support. Fundraisers raise money without shipping rewards or asking friends and family for charity. Backers earn karma points, which enable them to create their own fundraising campaigns later and determine their campaign’s position in WHIRL’s launch queue. WHIRL only allows a limited number of campaigns to raise money at once, ensuring that everyone gets to share equally in the limelight. Active campaigns get chosen by a fair and transparent queue. This system solves one of the biggest problems facing crowdfunding today: declining success rate. (In the beginning, WHIRL will only list one project a time, but as the community grows that number will ramp-up proportionally.) WHIRL is a socially-driven platform that gives special attention and platform benefits to campaigns by confirmed charitable organizations.

Features

The solution is designed for global non-profit and charitable organizations. WHIRL participants will only be able to start a crowdfunding campaign after they have donated to other users. WHIRL backers can earn karma points that will allow them to run their own fundraising campaigns. WHIRL will limit the number of campaigns that can be launched at once. Active campaigns are supposed to be selected by a transparent queue. WHIRL will support both fiat and cryptocurrencies. The team is issuing an ERC20 WRL token. The developers might replace Ethereum with EOS blockchain later.

On WHIRL, you can only submit a fundraising campaign after you’ve donated to others, inspiring a positive feedback loop of generosity. WHIRL only allows a limited number of campaigns to raise money at once, ensuring that everyone gets to share equally in the limelight. Active campaigns get chosen by a fair and transparent queue. This system solves one of the biggest problems facing crowdfunding today: declining success rate. Because WHIRL is built on the blockchain, it’s truly global and facilitates payments with cryptocurrency in addition to fiat and fees are far lower than traditional crowdfunding platforms.

You can use WHIRL to get funding for just about anything, as long as it’s legal. Your dream could be a startup сompany, a charitable project, a gift, a holiday or even a new car. All you back someone else’s campaign before you seek backing for your own. WHIRL is ideal for people who don’t have the contacts, skills, or funds to campaign in other ways. By joining the WHIRL community, you can back people with similar dreams, and get their backing in return. WHIRL is not a typical crowdfunding platform tacked onto the blockchain; it offers a number of key improvements and innovations over legacy crowdfunding platforms.

WRL token

WRL is WHIRL’s platform cryptocurrency. Backing a standard campaign with WRL yields 10 Karma per dollar instead of 7 Karma per dollar. Unlike Karma, WRL is a cryptocurrency and can be bought, sold, or transferred.

Active campaign slots

In the beginning, WHIRL will list only 1 active fundraising campaign at a time. This is to ensure that every campaign meets their funding goal. Over time, WHIRL will expand the number of active slots but will keep the count small. WHIRL also has special campaign slots devoted to nonprofit organizations. In the beginning, there will be 2 such slots, though that number will expand as the community grows.

Fair & transparent queue

After a campaign is created, it enters WHIRL’s queue in the last position. The queue is comprised of a series of rows with two slots in each row. Once a campaign leaves the queue and launches on WHIRL, its spot in the queue becomes empty. The two campaigns immediately below it compete for the empty slot. The winner is determined depending on (1) which campaign creator has the most Karma or (2) how many times has the campaign been overtaken. At any moment, any member may inspect the queue to see what campaigns are forthcoming. WHIRL will fast-track campaigns that relate to an urgent humanitarian crisis.

Platform fee

WHIRL charges a 5% platform fee. All fees earned in WRL are burned. This fee is waived for verified nonprofit organizations and will be reduced to 3% once the platform reaches a sufcient scale.