WHIRL, a wholly unique crowdfunding platform
WHIRL, a wholly unique crowdfunding platform:
On WHIRL, you can only create a fundraising campaign after you’ve already contributed to others, inspiring a positive feedback loop of generosity. WHIRL is not a typical crowdfunding platform tacked onto the blockchain; it offers key improvements and innovations over legacy crowdfunding platforms.
WHIRL’s vision is a world that’s inspired to support one-another in an endless loop of giving and generosity. It is to make an impactful difference on a massive scale in how people’s dreams, projects, passions, and necessities get funded, removing the need to take out expensive and often never-ending loans from banks, ship rewards to backers, or beg friends and family for donations. It is to usher in the next generation of crowdfunding platforms with a product that’s truly global, blockchain-based, and dramatically increases campaign funding success stories. It is to be at all times socially driven, with an emphasis on helping nonprofits access a game-changing source of new capital. Ultimately, WHIRL’s vision is to create a whirlwind of good.
Whirl is ideal for people who don’t have the contacts, skills, or funds to campaign in other ways. By joining the WHIRL community, you can back people with similar dreams, and get their backing in return. WHIRL is not a typical crowdfunding platform tacked onto the blockchain; it offers a number of key improvements and innovations over legacy crowdfunding platforms.
WHIRL brings the entire community’s attention on your campaign. Crowdfunding success rates have plummeted over the last few years; WHIRL’s limited placements, the unique karma points incentive system, and global blockchain architecture, all flip the script and guarantee a successful raise.
Today You, Tomorrow Me
When you contribute to a campaign, you instantly receive karma points. When your turn comes to create a campaign, your karma points determine how quickly it moves through the queue and how much you can raise.
Powered By Blockchain
WHIRL accepts all major cryptocurrencies, infusing a substantial new source of capital into crowdfunding while reducing platform fees and doing away with global banking restrictions.
In keeping with its broader mission of inspiring a whirlwind of change, WHIRL works closely with leading nonprofits and charities around the world, waiving fees, offering white glove support, and providing featured placement and backer bonus incentives.
Market Problems WHIRL Seeks To Solve:
Most Campaigns Fail:
Nearly two-thirds of all crowdfunding campaigns end up unsuccessfully and the number keeps growing by the day. With too many campaigns in the market, it is difficult to track each of them, leading to missed deadlines and false promises.
Impractical For The Average Person:
Most people find crowdfunding impractical. For those who run rewards-based campaigns, they have to spend all of their time on distracting tasks such as making a video, designing a t-shirt, and coming up with stretch goals. For those running donation-based campaigns, they have to beg friends and family for donations.
Crowdfunding is highly restricted by geography; different countries have their own platforms where they transact in fiat currencies with global banking restrictions. This fragmentation prevents quality backers from investing in quality campaigns.
The Rich Get Richer:
It is hard for the average citizen to get noticed on mega-platforms. The greater majority of press and funding attention goes to the top 1% of projects, which usually have insider connections or corporate resources behind them.
How WHIRL Works:
Backing a campaign on WHIRL earns the backer Karma for every dollar they contribute. Different sums of Karma can be earned depending on (1) the cryptocurrency used to support a campaign and (2) whether that campaign is for a non-profit organization, in which case it offers a Karma bonus. Karma is required to create a fundraising campaign on WHIRL (500 required) and determines when a campaign can go live and how much it can raise. Karma is not a cryptocurrency; it is an internal accounting system that cannot be bought, sold, or transferred. Once a member completes a fundraise on WHIRL, their Karma balance resets to 0 and they pay forward the benefits they’ve received to help others and build Karma once again in pursuit of another campaign.
WRL is WHIRL’s platform cryptocurrency. Backing a standard campaign with WRL yields 10 Karma per dollar instead of 7 Karma per dollar. Unlike Karma, WRL is a cryptocurrency and can be bought, sold, or transferred.
Active campaign slots:
In the beginning, WHIRL will list only 1 active fundraising campaign at a time. This is to ensure that every campaign meets their funding goal. Over time, WHIRL will expand the number of active slots but will keep the count small. WHIRL also has special campaign slots devoted to nonprofit organizations. In the beginning, there will be 2 such slots, though that number will expand as the community grows.
Fair & transparent queue:
After a campaign is created, it enters WHIRL’s queue in the last position. The queue is comprised of a series of rows with two slots in each row. Once a campaign leaves the queue and launches on WHIRL, its spot in the queue becomes empty. The two campaigns immediately below it compete for the empty slot. The winner is determined depending on (1) which campaign creator has the most Karma or (2) how many times has the campaign been overtaken. At any moment, any member may inspect the queue to see what campaigns are forthcoming. WHIRL will fast-track campaigns that relate to an urgent humanitarian crisis.
WHIRL charges a 5% platform fee. All fees earned in WRL are burned. This fee is waived for verified nonprofit organizations and will be reduced to 3% once the platform reaches a sufcient scale.
WHIRL has very strict rules on the types of campaigns that can raise money on WHIRL. For example, illegal or adult content is prohibited. To maintain these rules, every campaign on WHIRL is vetted by a moderator before it’s allowed to list.
WHIRL works closely with leading nonprofits around the world to help them access a new source of capital. WHIRL educates them on the ins-and-outs of cryptocurrency, waives all platform fees, helps them set up their campaign, fast-tracks their campaign, gives it special visibility on the site, and then incentivize backers with bonus Karma.
WHIRL WRL Token ICO Details
Parameters Of The ICO
Token Symbol: WRL
Token Price: $0.0001 USD
Accepted Payment Method: BTC (Bitcoin), ETH (Ethereum), KICK (KickCoin), ADA (Cardano), BCH (Bitcoin Cash ABC), DASH (Dash), EOS (EOS), LTC (Litecoin), USDT (Tether), XML (Stellar), XRP (Ripple)
Total Supply: 40 billion
Token Standard: ERC20
Soft Cap: $5 million
Hard Cap: $30 million
For more information about the project please visit the Following Links:
Bounty0x username; hassan500