MULTIPLE ROUND CROWDFUNDING

A software tool provides multiple round crowdfunding, maintaining investable amounts of investors within wallets, and projects having fundable amounts. The tool adds projects to a queue, and begins the multiple round process. In a round, the tool receives pledged amounts of the wallets towards the f...

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Main Authors Wafer John A, Keough Mary M, Muller Michael, Rooney John W, Ratchford Tristan J, Abuelsaad Tamer E, Geyer Werner, Soule Todd S
Format Patent
LanguageEnglish
Published 22.06.2017
Subjects
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Summary:A software tool provides multiple round crowdfunding, maintaining investable amounts of investors within wallets, and projects having fundable amounts. The tool adds projects to a queue, and begins the multiple round process. In a round, the tool receives pledged amounts of the wallets towards the fundable projects within the queue. The tool moves each successfully funded project to a fully funded queue. After ending the round, the tool removes from the queue each fundable project for which the pledged amounts is less than its fundable amount and also less than a threshold for the project to advance to a next round, as determined by the tool. The tool ends the process when it determines that the maximum number of rounds has been reached, that the smallest fundable amount of any project remaining in the queue is greater than a remaining total of the wallets, or that the queue is empty.
Bibliography:Application Number: US201514972487