A decentralized smart-contract application for crowdfunding the release of intellectual property under open licences.
What's it worth to me?
Projects providing public goods usually suffer from the free-rider problem, where people hold back hoping others will contribute enough. But with the Blind Crowdsale Protocol, you can't see how much others are contributing, so you can't free-ride without risking failure of the crowdsale. If you really want what's on offer, you have to contribute in line with the value it will add in your work and life.
Meet me half-way.
As a creator, setting a low offer price gives the best chance of success, and because the overshoot is shared, you don't miss out on higher contributions.
The more the merrier.
Overchute-sharing turns contributors into marketers. As a contributor, you'll want to refer the crowdsale to other potential contributors, to increase the chance of success and the size of the overshoot, which reduces your own net contribution.
DFINITY Developer Grant Program
Documentaries, videos and podcasts
December 14, 2021
- BlockchainA blockchain is an append-only digital ledger storing a set of time-ordered transactions grouped in blocks that are linked together using cryptographic hashes.
- Dfinity FoundationDfinity is a Switzerland-based non-profit developing a decentralized computing network utilizing blockchain technology and algorithmic governance.
- Smart contract (blockchain)A smart contract (self-executing contract, blockchain contract) is an agreement between parties that is enforced by a program encoded onto a blockchain which executes code exactly as originally written.