What is it?
One Liners
- Unlock the power of community funding: Quadratic Funding makes your contributions count, no matter how big or small.
- The broader the support, the bigger the match.
- Allocate funding with more weight on number of supporters than size of donations.
- Show your support for the projects you care about.
- Amplify every donation so that a project with a large number of backers will benefit the most.
- Leverage the wisdom of the crowd to fund shared needs.
- QF works to amplify and distribute a pool of funds with crowdfunding.
Long Description:
QF works to amplify and distribute a pool of funds with crowdfunding. It invites community members to make donations that act as votes on where to allocate available funds. With QF, a project receives a portion of the funds based the number of unique supporters it has over the amount of total money raised. Meaning, the broader the support for a project, the bigger the portion of matching funds it receives.
- Quadratic Funding optimizes grant funds by prioritizing projects based on the number of unique people who contributed financially, not just the size of the financial contribution. This way, funds meant to benefit the public go towards projects that really benefit a broad public, instead of things that only have a few wealthy backers.
Core Functionality: What does it do?
- Amplifies and distribute a pool of funds with crowdfunding.
- Uses a unique mathematical formula to distribute funds that rewards both the size of donations and the number of people who have donated.
- Pushes power to the edges of a network and creates incentives for contributors with fewer resources to participate.
- Better captures the wants and needs of the public (i.e. the people voting).