Important Details About Whirl
WHIRLis basically a socially driven, “pay it forward”-style crowd funding platform. This particular platform is built on the blockchain technology. On WHIRL, you can submit a fundraising campaign once you donate to others and thus, create a positive feedback loop of generosity. WHIRLis known to be inspired by historic community giving funds. However, it makes use of blockchain technology in order to enable users to participate, regardless of geography or currency. WHIRL is known to reinvent philanthropy by helping global charitable and non-profit organizations to access a new source of capital.
Why Whirl?
WHIRLis basically the only crowd funding platform that has been developed on mutual self-support. Fundraisers are known to raise money without shipping rewards or asking family and friends for charity. Backers earn karma points, which enable them to create their own fundraising campaigns. WHIRL only allows a limited number of campaigns to raise money at a time. This ensures that everyone gets to share equally in the limelight.Active campaigns are selected by a fair and transparent queue. This system solves one of the main problems that is faced by crowd funding today and that is declining success rate.
This socially-driven platform gives special attention and benefits to campaigns by confirmed charitable organizations. The fact that WHIRLS is developed on the blockchain; it’s truly global and thus, facilitates payment with the help of crypto currency and fiat. This reduces the risk of fake donors, chargebacks, or banking friction. Not only is that, but even the fees lower in comparison to the traditional crowd funding platforms.
How does it work?
WHIRLis aimed towards improving the lives of people all around the world. This is made possible by giving them a new and better way to raise money for their projects, passions, and obligations and that too without having to ship rewards, ask friends and family for donations or take out expensive loans. WHIRL is trying to connect people with one another in mutual self-support, regardless of what they need money for, where they’re from, or who they are.
The solution is mainly designed for global non-profit and charitable organizations.WHIRL participants will only be able to start a crowdfunding campaign after they have donated to other users. Backers will earn karma points with the help of which they will be able to run their own fundraising campaigns.
Tokenization
The main means of payment on the platform will be served by WRL. These WRL tokens will be accepted as payment on partner projects. One thing that users should know is that WRL tokens do not provide any additional rights to owners and there fore, it should not be treated as investments or securities. You can read more about WRL token sale on the internet. The sale of the token will be conducted by Whirl TGE limited.
Conclusion
Thus,from the above discussion, it is clear that Whirl is one of the unique and innovative platforms that has been developed for the users. If you want to read more about the same then you can visit its official site and go through the whitepaper of the project.
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