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| Type of business | Private company |
|---|---|
Type of site | Crowdfunding[1] |
| Available in | German, English, Spanish, French, Portuguese, Russian. |
| Headquarters | Tallinn[2], Estonia |
| Founder(s) | Oleg Rodionov[3] |
| Industry | Financial services Internet |
| URL | https://www.ufandao.com/ |
| Launched | February 2022[4] |
| Current status | Live |
UFANDAO is a decentralized crowdfunding platform launched in 2022, with its headquarters located in Tallinn, Estonia.[5] The platform is accessible to users worldwide.[6][7]
History
editUFANDAO was founded in February 2022, by Estonian entrepreneur Oleg Rodionov.[8]
The platform was created to enable users to raise funds for any type of dream, ranging from personal items to startups and innovative ideas.[9] According to Rodionov, "Our mission is to empower people to unite around the needs that matter and fulfill their wishes. The platform offers each subscriber a wide range of opportunities to fulfill big or little dreams."[10]
In November 2023, UFANDAO participated in Web Summit 2023 in Lisbon, Portugal, under the "Social Platforms" category.[11][12][13]
Key Features
editThe platform operates using a DAO (Decentralized Autonomous Organization) model, which eliminates the need for intermediaries between donors and fundraisers.[14] All transactions are conducted directly between users, allowing participants to run their campaigns entirely independently from start to finish.[15]
Donations on UFANDAO are made in real-time.[16] The platform avoids holding or accumulating donations and does not charge any fees for fundraising or transactions.[17] The minimum donation amount is 25 euro.[18]
UFANDAO offers users two main options: creating a personal fundraising campaign or voluntarily donating to any existing campaign on the platform. Users can start a campaign for any purpose by outlining its goal and specifying the target fundraising amount. Each campaign must be illustrated and appropriately categorized. While campaigns on UFANDAO have no time limits, there is a funding cap of 5,000 euro per campaign.[16][19]
The platform is built on the principle of mutual assistance, or a "win-win" model. To initiate a fundraising campaign, users must specify their preferred donation receipt method and make a minimum contribution to any campaign of their choice on the platform.[20]
Available donation receipt methods include bank transfers, card-to-card transfers, e-wallets (such as PayPal, Payoneer, Wise, etc.), and cryptocurrency.[14][16]
UFANDAO provides 24/7 support in six languages: German, English, Spanish, French, Portuguese, and Russian.[21]
References
edit- ^ Rivera, Daniel (2024-09-12). "How Decentralization Creates the Ideal Landscape for Fundraising". CryptoFingers.com.
- ^ "UFANDAO". Trustpilot.
- ^ "UFANDAO". qwoted.com.
- ^ "Domain information". WHOIS.
- ^ "Ufandao company profile". Tracxn. 2022-11-18.
- ^ "UFANDAO". Great Nonprofits.
- ^ Akhalaya, Helen (3 May 2024). "5 Best Fundraising Platforms for Your Cause". Metatalks.
- ^ "UFANDAO expands internationally and becomes multilingual". KLFY.com. 2023-01-24.
- ^ "UFANDAO: Empowering Dreams With Decentralized Fundraising". Daily Company News. 24 May 2023.
- ^ "Meet UFANDAO: the decentralized fundraising platform to fulfill your financial needs and dreams". UK Herald Tribune. 2022-11-10.
- ^ "UFANDAO's Presented Its Platform at Web Summit 2023 With Innovative Fundraising Approach". The Western Tribune. 2023-12-11.
- ^ "UFANDAO's Triumph at Web Summit 2023: A Journey of Innovation and Inspiration". medium.com. 2023-11-24.
- ^ "UFANDAO Success at Web Summit 2023 with Innovative Fundraising Approach". ktalnews.com. 2023-12-13.
- ^ a b "UFANDAO, a Decentralized Fundraising Platform, is Launched to Power Next-Gen of Fundraising Market". Fort Wayne`s. 2022-11-18.
- ^ "How decentralization brings transparency, fairness and security to a next-gen fundraising". Chicago Tribune. 2024-05-03.
- ^ a b c Goldenberg, Kristina (2022-11-23). "UFANDAO announced the launch of its innovative decentralized fundraising platform". American Financial Tribune.
- ^ Popova, Ekaterina (2023-06-08). "UFANDAO Introduces Fundraising 3.0". nbc4i.com.
- ^ "UFANDAO". CrowdSpace.
- ^ Volk, Katy (2024-02-23). "UFANDAO Introduces Innovative Fundraising Platform, Transforming the Fundraising Landscape". EIN Presswire.
- ^ "UFANDAO: Transforming Dreams into Reality in the Spirit of Innovation". WFLA News Channel 8. 2024-03-08.
- ^ "UFANDAO Launches New Languages on its Decentralized Fundraising Platform". wjbf.com. 2023-12-30.
External links
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