Elix — Blockchain Crowdfunding

Over the past week, we’ve been working on our crowdfunding platform. As with every aspect of our mobile application and the platforms we are building, including payments and lending, our vision was to create a simple and easy experience for both our crowdfunding project creators and crowdfunding project supporters. With the Elixir crowdfunding platform, we developed our smart contracts in mind to fulfill every crowdfunding project possible and ensure that we can provide the complete set of tools a group or person would need to leverage crowdfunding with our smart contracts. All users will have the ability to set up crowdfunding projects on the Elixir platform; however, to ensure that the project proposals remain of the highest quality, we will require that each proposal be verified by ourselves.

Below, we have provided some visualizations of how this platform will look. We’ve nicknamed this crowdfunding platform “Boost” for the time being. In the first image, you can see that we have the view split into an “Explore” tab, in which users may discover and look at projects that are trending within the platform, and the “Search” tab, where users can select a category to see the projects available within that realm, or to search a specific project/use tags. Tapping on one of the cards after searching or on the “Explore” page takes you to the detailed project information page. In the top right, users will be able to save projects so that they may track them and return to them later. In order to ensure that project creators know exactly how their project will look, we have provided a WYSIWYG (What You See Is What You Get) editor for a real-time reflection of what they can expect the platform user’s will see as well. Please note that the images below do no represent the final product, and that the design and information may change between now and the time of our MVP’s release.

The crowdfunding smart contracts can handle any Ethereum token. On our platform, we’re most likely to use ELIX to drive demand for our token. In addition, if desired a minimum and maximum goal can be set for each crowdfunding event — where the minimum goal is a sufficient lower threshold that needs to be reached, while the maximum goal is the most that can be raised. The contracts can also be used to set one specific crowdfunding goal, as shown in the demo screenshots above. On a blockchain level, a creator can specify a “host,” and a “host cut,” which are the Ethereum address of the entity hosting the crowdfunding event and the percentage cut of the funds that host will take. This means other developers will be able to build their own crowdfunding events with our smart contracts. The creator also specifies the duration of the crowdfunding event, and the host endorses this information by accepting the proposal from a creator.

We’re also working on expanding our team — at this time our first priority is hiring an additional software engineer. This is an ongoing process, but we’ll be meeting with several engineers over the next few weeks. We’re going to be as thorough as possible and speak to as many of our connections and contacts as possible before making a final decision.

Be sure to checkout our website as well as connect to our social media on Reddit, Twitter, Discord, and Telegram. If you have any questions, let us know and we’d be glad to help clear things up!

Elix — Blockchain Crowdfunding was originally published in Startups & Venture Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.