Janasangrah

Janasangrah

Your Support, Their Success!

Janasangrah

Janasangrah

Your Support, Their Success!

The problem Janasangrah solves

Numerous crowdfunding platforms exist, but many lack trustworthiness due to numerous reported fraud cases, leading to financial losses for investors. Additionally, genuine project creators often struggle to find adequate support. We addressed these and other challenges by creating Janasangrah on web 3.0 (blockchain) and harnessing its capabilities such as Voting and Escrow. The process involves creators presenting their project idea with detailed stages, backers investing through polygon matic, and Escrow releasing funds for each project stage. The creator updates progress at each stage's end, and backers vote on whether to continue or withdraw their funds. This stage-by-stage fund release system using blockchain-based escrow significantly reduces fraudulent activities. Moreover, we maintain a snapshot of investment ratios, allowing equitable fund distribution in case backers withdraw or the campaign is canceled midway.

Challenges we ran into

One significant challenge encountered while developing this application was the size limitation imposed on Ethereum contracts as a security precaution. Given the application's complexity, it frequently exceeded this limit. However, through extensive research into smart contract best practices and efficient programming techniques, we successfully overcame this issue.

Tracks Applied (3)

Defi

Our project deals with exchanging crypto for investment purpose

Blockchain & Cryptocurrencies

Our project aims to use cryptos to help one to get crowdfunding for their project based on the proof and votes they get.

Comunity

It is a crowdfunding platform

Discussion