About CrowdLink
CrowdLink is a platform designed to maximize the effectiveness of your donations. Unlike other crowdfunding platforms, where money can disappear into the void without making a tangible impact, CrowdLink uses conditional donations to ensure that every dollar you contribute is as effective as possible.
This means that your donation contributes to a meaningful outcome, rather than being lost in a sea of unmet goals. By addressing the need for assurance, CrowdLink removes uncertainty and makes it easier to give confidently, knowing that every dollar you pledge is part of an effort to drive real change and achieve a lasting impact.
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Frequently Asked Questions
How does CrowdLink differ from traditional crowdfunding platforms?
Unlike traditional platforms where money is collected regardless of the total amount raised, CrowdLink only charges donors when a cause reaches its predetermined threshold. This approach ensures that donations are only used when they can make a meaningful impact.
Why does CrowdLink use this conditional donation model?
CrowdLink uses this model to address common issues in donation platforms, such as the assurance problem (knowing others will also contribute) and the threshold public goods problem (ensuring enough is raised to make a meaningful impact).
What are thresholds in CrowdLink?
Thresholds are funding goals set by causes or charities on CrowdLink. They represent the minimum amount needed to achieve a specific objective. Donors can choose which threshold they want to support for each cause.
How do I make a pledge on CrowdLink?
To make a pledge, you select a cause, choose one of its established thresholds, and then enter the amount you wish to pledge. Your pledge is only charged if the selected threshold is met or exceeded.
What happens if a threshold isn't met?
If a threshold isn't met, your pledge isn't charged, and the money remains in your account. This ensures that your donation only goes towards projects that have raised enough funds to be effective.
What is an escrow account on CrowdLink?
An escrow account is where your pledged funds are held until a cause reaches its threshold. It's a way to ensure that you have the funds available when a pledge becomes due.
Can I pledge more than what's in my escrow account?
No, you can only pledge amounts that are actually available in your escrow account. This helps prevent overcommitment and ensures all pledges can be fulfilled if thresholds are met.
Can I withdraw my funds or cancel a pledge?
Yes! You can withdraw your funds and cancel a pledge at any time until the goal is met. This provides you with flexibility and control over your contributions.
Is my donation refundable if the threshold isn't met?
Your donation isn't charged unless the threshold is met, so there's no need for refunds. Your pledged amount simply remains in your escrow account for future use.
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