Web3 Blockchain-Based Crowdfunding Platform link
This project is a decentralized crowdfunding platform built on blockchain technology, designed to enable individuals and organizations to raise funds for their campaigns by a specified deadline. Utilizing Web3 technology and smart contracts, this platform provides a transparent, secure, and efficient method for raising capital, while eliminating intermediaries and enhancing user control.
- Decentralized Fundraising: Direct interaction between creators and backers, removing the need for third-party intermediaries.
- Smart Contracts: Automates fundraising processes, ensuring secure and transparent management of funds.
- Campaign Deadlines: Creators can set deadlines for their campaigns to motivate timely contributions.
- Multi-Currency Support: Contributions can be made using a variety of cryptocurrencies, increasing accessibility.
- Immutable Ledger: All transactions are recorded on the blockchain, providing a tamper-proof, transparent history.
- Community Governance: Decentralized decision-making enables the community to participate in platform governance.
- Validation Mechanism: Campaigns must be validated by registered validators to ensure legitimacy. Campaigns need a set number of validations to be considered active.
- Validator Rewards: Validators earn rewards in ether for each validation they perform, incentivizing them to participate in the platform's governance.
- Prevention of Multiple Validations: Validators are restricted from validating the same campaign more than once, ensuring fair participation.
- User-Friendly Interface: A seamless and intuitive user experience for both creators and backers.
- Blockchain: Ethereum or any compatible EVM-based blockchain
- Smart Contracts: Solidity for smart contract development
- Frontend: React.js integrated with Web3.js or Ethers.js for blockchain interaction
- Backend: Decentralized storage or services such as IPFS for storing campaign metadata
- Wallet Integration: MetaMask or other Web3 wallets for seamless user interaction
- Validators: Validators are participants who review and validate campaigns. Each validator is tracked by the number of campaigns they’ve validated and the rewards they've earned.
- Validation Threshold: Each campaign must be validated by at least two validators before it is marked as active. This ensures the legitimacy of campaigns before donations are accepted.
- Reward System: Validators are rewarded with 0.0001 ether per validation. This creates an incentive for validators to participate in ensuring the credibility of campaigns.
- Validation Tracking: Validators can only validate a campaign once, and all validations are securely recorded on the blockchain to ensure transparency and prevent fraud.