Idea: Something akin to Patreon but with fixed upper limits so that the donation amount per person can be automatically reduced if enough donors exist.
In other words: Crowdfunding with automatically decreasing cost per funder once enough funders exist and further funders join.
Intended purpose: Eliminate / Decrease donor effort (manual adjustments / long-term cost) to increase the incentive to donate at all.
Side effect: A project is automatically only given the money that it “deserves” in each individual donor’s opinion.
Potential for abuse: Of course this doesn’t prevent misrepresentation of a project’s costs or flat-out scams.
Purpose of this topic: This is just for discussion, to gather related ideas or opinions; I myself have no intent to implement something like this (because I couldn’t atm ^^).
Perhaps someone knows of an existing platform that implements this kind of system?
This idea doesn’t exactly need the SAFE Network, but due to the ongoing discussions about incentives in https://safenetforum.org/t/poll-should-maidsafe-implement-ptp-pay-the-producer/5805 I thought why not just bring this little idea up here.
So let’s say we have a producer who needs funding to continue working on whatever™.
This producer uses the funding platform to present the work and to specify how much currency is required for whatever™, per time unit (e.g. per month).
Once a consumer decides to become a donor, at least the following has to be specified by this person:
- Individual setting (aka “donation-limit”): The maximum amount per time unit that the donor is willing to pay to the producer.
- Individual setting (aka “donation-target”): The maximum amount per time unit of total donations the donor is willing to support - i.e. by default this would be what the producer has specified for whatever™ at that point in time.
Just for the sake of the example’s clarity let’s say every donor has chosen the same settings.
Now let’s say more people continue to join as donors and the total donations combined (per time unit) surpass the donation-target (setting nr. 2).
From now on the amount that every donor pays is automatically reduced so that the cost of the donation-target (setting nr. 2) is shared among donors.
This could lead to ever more people joining in as donors (since the individual donations will likely decrease, and can never go above the selected individual donation-limit),
which in turn gives the producer a more stable income basis to stand on.
Outside of this example many donors would choose different settings and change them over time, the producer’s needs could change, and possibly more complex systems could be introduced (e.g. donor settings across multiple projects).
Poll: Would you like such a crowdfunding system & do you think it would be overall beneficial?
- Undecided: I am not sure.
- Undecided: Idea description is too unclear for me.