ENG FUNDS
EngFunds - A Fully Decentralized Crowdfunding Platform
Created on 22nd February 2023
•
ENG FUNDS
EngFunds - A Fully Decentralized Crowdfunding Platform
The problem ENG FUNDS solves
EngFunds allows creators to post their campaigns and solicit funds from a community of interested people. Once the funding is successful, it returns the backers with campaign-specific NFT. All these multiple transactions are accounted for and tracked by blockchain, an immutable distributed ledger; thus, it is impossible to forge. Blockchain also eliminates the influence and manipulation of centralized crowdfunding platforms with more than required access to the campaigns running on their platform.
Challenges I ran into
One major challenge was ensuring the platform's security and preventing fraudulent activities. Since blockchain is decentralized and operates on a trustless system, developing a robust and secure smart contract is important to handle transactions and ensure that only legitimate projects receive funding.
Cheer Project
Cheering for a project means supporting a project you like with as little as 0.0025 ETH. Right now, you can Cheer using ETH on Arbitrum, Optimism and Base.