A non-profit, decentralized, open-source equity crowdfunding platform built on Ethereum
Token symbol
Smart contract blockchain
Team:
Nick Dodson - Founder and Lead Developer
Expert Review
WeiFund is a toolkit for running crowdfunding campaigns on the Ethereum blockchain. The very idea of crowdfinding is not new at all, in this sphere there are already many successful projects that perfectly perform their functions. Projects that do the same on blockchain also already exist, including several quite successful ones. What do the authors of the WeiFund project suggest? Let's quote their White Paper - "The WeiFund platform is not running on magic". But judging by the fact that information on technological solutions could not be found, as well as of course any prototype, there is a suspicion that the main technology of the project is magic. It is hardly worth investing in it.
The website is still under construction, some of the information is not available yet.
By the way, I can't find the fee schedule. Or, did I just miss it? Is there anyone know how much they charge for using their platform for crowdfunding?
Weifund is a crowdfunding platform
pros
the platform intend to offer low cost and better service compare to other crowfunding platform. it is very easy to use and very secure. weifund have team member with good background knowledge of settingup crowdfunding platform with relevant working experience. easy access to subscription and offer bounty campaign.
cons
response to questions are relatively slow
To quote: "Our purpose is to make crowdfunding user-friendly, thoroughly-tested, and interoperable." I find it quite unfortunate choice of purpose as there are already many well established and already tried out crowdfunding sites that actually are all of these traits above. What is the point of doing once again what is already done and is working pretty good.
The only advantage I would see is the sole fact of crowdfunding being taken on blockchain technology, but apart from this it's nothing new or worth investing.
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