CoinFunder is excited to announce a new section called Initiatives.
What is a CoinFunder Initiative?A CoinFunder Initiative is a crowdfunding campaign where Bitcoiners can show interest in organizations that do not currently accept Bitcoin. CoinFunder allows for a centralized location where an organization can see how much support there is from the Bitcoin community to adopt Bitcoin.
How does an Initiative work?Anyone can create an Initiative for any organization that is not currently accepting Bitcoin. Other users can pledge Bitcoins if they would like to see the organization accept Bitcoin for their goods or services. No Bitcoins are collected until the organization starts accepting Bitcoin, and the initiative claim has been verified by CoinFunder.
What happens after I make a Bitcoin Pledge?Once an Initiative has been claimed and verified by CoinFunder, an email will be sent out to everyone who has made a pledge for that initiative directing them to fund their initiative. The first 5% of the funds goes to CoinFunder, the remaining 95% is directed directly to the Bitcoin address that the organization enters.
What incentive is there for the funder who makes a Bitcoin Pledge?Your Bitcoin pledge does not promise any sort of service or product in return, but instead the pledge is used as a monetary incentive for Bitcoin acceptance. We all win as Bitcoin spreads. We hope to work with the organization that claims the Initiative to provide some sort of reward to funders, but there is no gurantee of any type of reward.
What fees does CoinFunder charge for Initiatives?CoinFunder charges a flat 5% fee for each successful initiative - 2% of that fee goes to the person who starts and promotes the initiative.
If you know an organization that is not currently accepting Bitcoin,
start your own initiative now and
start pledging!