What is the meaning of crowdfunding

Crowdfunding, or crowdfunding, is the act of raising funds from the public to support an individual or organization. Crowdfunding is generally done through an online platform that connects sponsors and sponsors. Crowd funding has been used to support a variety of activities, including disaster recovery, private fundraising, election campaigns, entrepreneurial fundraising, artistic creation, free software, design and invention, scientific research, and public **** projects.

1. Low Threshold: Regardless of status, position, occupation, age, or gender, as long as you have an idea and the ability to create it, you can launch a project.

2, diversity: The direction of crowdfunding has diversity, in the domestic crowdfunding website project categories include design, technology, music, film and television, food, comics, publishing, games, photography and so on.

3. Rely on the power of the public: Backers are usually ordinary grassroots people, not companies, enterprises or venture capitalists.

4, focus on creativity: the initiator must first of all their own ideas (design drawings, finished products, planning, etc.) to the degree that can be demonstrated in order to pass the platform's audit, not just a concept or an idea, to be operable.

Initiator: someone who has the ability to create but lacks the funds;

Supporter: someone who is interested in the fundraiser's story and the rewards, and who has the ability to support it;

Platform:

Platform. an internet terminal that connects fundraisers and supporters.