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System and Process for Rating Crowdfunding Campaigns and funding Campaigns by Crowdfunding websites with or without the help of user generated Ratings Scores
System and Process for Rating Crowdfunding Campaigns and funding Campaigns by Crowdfunding websites with or without the help of user generated Ratings Scores
The invention is based on a business process operation for a crowdfunding portal or website creating a new funding process and an online community where a pool of funds is been created by a percentage of donation activities on its portal, is used to fund automated selected campaigns on the crowdfunding portal, based on an algorithmic calculated score generated by users activity for each campaign. This pool of funds is governed by selected members of the portal. An advertising model is created to cater to the needs of project creators and a third party fundraiser commission payment model is created to encourage users to share various campaigns of crowdfunding portal. Invention creates a fundraising community of several activities carried out by interested parties with the common goal to raise funds for crowdfunding projects.
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