Problem & Outcome
Campaign creators paid 12-15% of raised funds in platform fees, significantly reducing the actual capital available for their projects.
Backers had no way to verify that funds were being used as promised, leading to distrust and lower participation in legitimate campaigns.
Payment processing took 5-10 days to complete, creating cash flow problems for campaign owners who needed to begin work immediately.
Reduced platform fees to 3% by eliminating middlemen through blockchain
Smart contract escrow releases funds only when verified milestones are met
Instant settlements eliminate payment delays and provide full transaction transparency