There is fully distributed way to crowdfund using the blockchain and a distributed exchange:
Given you have a good idea which can interest the crowds - mint your distributed kickstarter coin (infos on
Masterchain.info), publish on your site the list of benefits there are for donors (rebate, free products, wall of fame, shares, whatever), and fire your campaign.
To collect the funds just create sell offers of your tokens like:
https://masterchain.info/index.html?filter=sell¤cy=GRZAny donor could buy your campaign tokens directly on the blockchain, and even continue trading them after the campaign is over using the distributed exchange.
The whole crowdfunding procedure is totally distributed on the blockchain and using a mastercoin based protocol (
Mint2B protocol), where you hold the exodus address, so you depend on no one. Bitcoins are exchanged against your tokens.
Donors that want to claim later the benefits will be required to send those tokens to an address of yours.
Otherwise, they can keep selling those token on the free market with distributed exchange, and potentially make gains.
In the following example (which is not crowdfunding, but could be used as one):
https://masterchain.info/index.html?filter=sell¤cy=GRZthere are few sell offers:
4000 coin for 0.02 BTC/coin
2000 coin for 0.03 BTC/coin
4000 coin for 0.04 BTC/coin
0.1 coin for 0.07 BTC/coin
Donors that paid 0.02 BTC could already make gains selling their tokens once the first batch is sold.
If your product/service is cool enough - this can become a hot market!
This dynamic live method may attract more donors than the static existing ones.
So what do you guys think about it?
[Remark: the original purpose of masterchain.info was a more general one, but I was contacted by few entrepreneurs asking about usage of masterchain.info for crowd-funding, and I thought it could be good to publish it here as a service]