Crowdfunding platform "Co-fi" allows creative professionals to raise money for projects from many individual investors. It acts as an intermediary between creators and investors, regulating the legal aspects of transactions. To reduce risk, Co-fi requires creators to pledge their intellectual property like videos or books, which are already earning money, rather than physical assets. This ensures creators have compensation to repay investors if the project loses money. The platform minimizes human biases by allowing anyone to view and invest in projects they find promising without extensive vetting of the creator. An example given is two Russian social media personalities raising 150,000 rubles ahead of schedule to promote a song using Co-fi.
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Crowdfunding platform "Co-fi" allows creative professionals to raise money for projects from many individual investors. It acts as an intermediary between creators and investors, regulating the legal aspects of transactions. To reduce risk, Co-fi requires creators to pledge their intellectual property like videos or books, which are already earning money, rather than physical assets. This ensures creators have compensation to repay investors if the project loses money. The platform minimizes human biases by allowing anyone to view and invest in projects they find promising without extensive vetting of the creator. An example given is two Russian social media personalities raising 150,000 rubles ahead of schedule to promote a song using Co-fi.
Crowdfunding platform "Co-fi" allows creative professionals to raise money for projects from many individual investors. It acts as an intermediary between creators and investors, regulating the legal aspects of transactions. To reduce risk, Co-fi requires creators to pledge their intellectual property like videos or books, which are already earning money, rather than physical assets. This ensures creators have compensation to repay investors if the project loses money. The platform minimizes human biases by allowing anyone to view and invest in projects they find promising without extensive vetting of the creator. An example given is two Russian social media personalities raising 150,000 rubles ahead of schedule to promote a song using Co-fi.
Crowdfunding platform "Co-fi" allows creative professionals to raise money for projects from many individual investors. It acts as an intermediary between creators and investors, regulating the legal aspects of transactions. To reduce risk, Co-fi requires creators to pledge their intellectual property like videos or books, which are already earning money, rather than physical assets. This ensures creators have compensation to repay investors if the project loses money. The platform minimizes human biases by allowing anyone to view and invest in projects they find promising without extensive vetting of the creator. An example given is two Russian social media personalities raising 150,000 rubles ahead of schedule to promote a song using Co-fi.
creative project? Can you make money on bloggers and musicians? How did the idea of creation «Co-fi» appear? Not everyone is able to get a bank loan. Banks give money only to reliable borrowers and evaluate it according to the regularity of the salary received, information about property and financial well-being. But not everyone fits these standards. What to do for those whose salaries are calculated not by the time spent in the office, but by the amount of content and effort? For those who do not receive a stable salary because they participate in the creative race? «Co-fi» was created for them What is crowdfunding and how does it work? Crowdfunding is raising money for a project with the help of investments of a large number of people. This term appeared a long time ago, but it is really becoming popular now with the advent of crowdfunding platforms. «Co-fi» is one such platform that acts as an intermediary in the transaction between the creator and the investor, a third party that regulates the legal side. What makes «Co-fi» unique?
To keep itself and customers safe, «Co-fi»
requires creators to bail their intellectual property rather than physical property. It is important that intellectual property (video on YouTube, book, film) should already bring some money to its author. Thus, it is win win. If the borrower loses money, investors can be assured that they will receive compensation in return. Why is it advantageous? To find money for your project, you do not need to fill out a lot of documents, come somewhere in person and worry that you may be considered as an unreliable borrower for one of the bankers. «Co-fi» minimized the human factor by allowing everyone to decide whether a project is reliable or not. All you have to do is post a description of your idea on the site and that's it. Someone will pass by, but someone may like the project, and he will invest his money, regardless of those who did not like the project. This is the same as flipping through the feed on Instagram. Example
NikoLife (TikTok and insta blogger with a
total of 3.9M people) and MIRAVI (artist, blogger with a total of 1.5M people) managed to raise 150,000 rubles ahead of schedule to promote their track «Nutella» thanks «Co-fi».
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