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RE: A new era of crowdfunding starts with Fundition
Probably putting the details on how much amount have been funded to each project on a regular basis will show the power of the platform ?
And all the funds are given in steem only ?
@sanmi you collect funds by publishing updates to your project. Then you receive upvotes. So you get some in STEEM or SBD and some in SP.
Unless you receive a donations from Backers. Then you will receive funds in STEEM or SBD for your wallet.
What about when the donations are Bitcoin, Litecoin, etc or Dollars via Paypal?
Are those converted to Steem and sent to their Steem Wallet? Or held as Bitcoin, Litecoin, dollars, etc until they choose to cash out?
I am really glad to see that you now have these options of donating available!
All donations are converted to STEEM and sent to your STEEM wallet.
Ah! Okay. That is good to know. Thanks.
Thank you see-it-feel-it! Who can better explain how Fundition works than one of the Founder on Fundition...And A Fundition Ambassador !! Your answer will definitely be useful to lots of potential users !
At your service. ;)
Hello Sanmi! Very interesting suggestion...but for each project it will be a little bit complicated as we have around 165 Projects right now, but we can definitely give some general numbers!
Yes all the funds are given in Steem.
-Greetings Miemie from the Fundition team.
Ok, if that is the case, then probably I just wanted to let you know that there is a platform which I saw recently where people can convert steem / sbd to any currency ( Paypal account). The site is https://mysteemx.com/
May be you can also advise how people can convert steem to their currency to utilize the funds for their project. I am no way associated with the site, just wanted to give one example. There could be other similar sites as well.
Ow I had no idea about that! Thanks for the tips :) I will talk to the Architect of Fundition to see! Thanks a lot!