Compared with the traditional financing methods, crowdfunding model mainly has which characteristics

It is a mode of raising funds for a project from netizens in the form of group purchase + pre-purchase. Crowdfunding utilizes the characteristics of the Internet and SNS communication to allow small businesses, artists or individuals to show their creativity to the public, to gain attention and support, and then to obtain the required financial assistance.

Modern crowdfunding refers to posting fundraising projects and raising funds through the Internet. Compared with traditional financing methods, crowdfunding is more open, and whether it can obtain funds is no longer by the commercial value of the project as the only criterion. As long as the netizens like the project, can be crowdfunding way to get the first funds for the project startup, for more small business or creative people to provide unlimited possibilities.