XIN Feature Crowdfunding Infinity Foundation May, 2017, v1 Content: 1. Crowdfunding Overview 2. Crowdfunding Usage Examples 1. Crowdfunding Overview Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large number of people. Crowdfunding is a form of crowdsourcing and of alternative finance. Crowdfunding is generally based on three types of actors: the project initiator who proposes the idea and/or project to be funded, individuals or groups who support the idea, and a moderating organization (the "platform") that brings the parties together to launch the idea. During 2013 $5.1 billion USD was raised by millions of individuals! However the biggest disincentive to using websites such as Kickstarter is their fees. Kickstarter demands 5% of the money raised as a fee, and payment processing fees are another 5%, which in the era of blockchain technology is a little difficult to justify. Based on the built-in currency feature XIN offers this 'platform' as a fully automatic decentralized solution for simple, fast and affordable crowdfunding. Crowdfunding can been used to fund a wide range for-profit entrepreneurial ventures such as artistic and creative projects, medical expenses, travel, or community-oriented social entrepreneurship and charity projects. 2. Crowdfunding Usage Examples All kinds of entrepreneurial ventures, profit and non-profit.