UFANDAO
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Type of site | Crowdfunding |
|---|---|
| Available in | English |
| Website | ufandao |
| Launched | 2022 |
UFANDAO is an Estonian-based decentralized crowdfunding platform for online fundraising that that allows people to raise money for any cause or dream, ranging from personal wishlist items to educational and business matters[1][2][3].The platform was launched in 2022 and is available to users worldwide[4].
History[edit]
UFANDAO was founded on February 19, 2022, by Oleg Rodionov, the entrepreneur and has a head office in Tallinn, Estonia[2]. The platform was created to allow users to fundraise for any dream, from personal use items to nonprofits, startups, and ideas[4]. The platform’s mission is to empower individuals to come together around causes and needs that are pivotal, and to transform their wishes into reality[3].
In November 2023, the UFANDAO platform participated at Web Summit in Lisbon, Portugal. It was selected by the Committee as a showcase startup in the social networks category.
Business Model[edit]
The platform operates on a decentralized model, avoiding the accumulation of donations and refraining from imposing any fundraising fees[5][6]. Consequently, the fundraising process operates on a peer-to-peer basis, which excludes any third-party or mediator between donors and fundraisers[2][6]. UFANDAO has seamlessly integrated gamified mechanics into the fundraising process, incorporating a rewards system.
UFANDAO provides two options for users: creating a personal campaign to raise funds and voluntarily donating to any campaign on the platform. Users can initiate a campaign for any cause by outlining its purpose and specifying the desired fundraising goal. Each campaign should be illustrateded and categorized accordingly.
To start fundraising, users should specify their preferred deposit method and make a contribution with a fixed donation amount to any campaign on the platform. This condition is based on the platform’s principle of mutual assistance. UFANDAO has integrated PayPal’s wallet function, which allows users to make direct donations instantly.
Users are allowed to share their campaign’s page through integrated social network links or via email and contribute to other campaigns through shares, likes and comments.
The fundraising management tools and analytics are accessible by subscribing to the platform’s software provider, ImRix.com.[3]
References[edit]
- ↑ Newswire. "UFANDAO, a Decentralized Fundraising Platform, is Launched to Power Next-Gen of Fundraising Market". Benzinga. Retrieved 2023-11-30.
- ↑ 2.0 2.1 2.2 "UFANDAO announced the launch of its innovative decentralized fundraising platform". www.americanfinancialtribune.com. Retrieved 2023-11-30.
- ↑ 3.0 3.1 3.2 "How decentralization brings transparency, fairness and security to a next-gen fundraising". Chicago Tribune. Retrieved 2023-11-30.
- ↑ 4.0 4.1 "MarketMinute | Real Time Stock News". fwnbc.marketminute.com. Retrieved 2023-11-30.
- ↑ "UFANDAO, a decentralized fundraising platform, is launched to power next-gen of fundraising market". AP News. 2022-11-18. Retrieved 2023-11-30.
- ↑ 6.0 6.1 "Meet UFANDAO: the decentralized fundraising platform to fulfill your financial needs and dreams". www.businesstimesjournal.com. Retrieved 2023-11-30.
External links[edit]
References[edit]
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