What is crowdfunding?

What is trending crowdfunding? You must have heard that people are raising millions of rupes on the internet for any treatment or help. Actually, it’s called Crowdfunding. Crowdfunding means when many people together collect small quantities for a person or project. Crowdfunding is mainly based on 3 types of basic-based, reward-based and donations. Each has their own way and purpose. In share funding, people buy the company shares instead of money. It allows them to share in the ownership of that business. In reward -based crowdfunding, people pay money at the beginning of a project and in return they get the product or service of the business. Donation -based crowdfunding is completely based on social assistance. In this, people pay money for help without expecting profits. Crowdfunding provides financing to startups. It also seems to be useful for any major illness, natural disaster or social work. This method is very easy on online platforms because everything can be managed in one place. However, fraud cases have also increased in donation -based crowdfunding. Therefore, it is necessary to get complete information before donation. Click here Life & Style Click for more stories Click here