Crowdfunding Based On Actions

  • Published: Jan 23, 2014
  • Earliest Priority: Jul 19 2012
  • Family: 1
  • Cited Works: 1
  • Cited by: 41
  • Cites: 1
  • Additional Info: Full text
Abstract

A crowdfunding platform can receive an indication that an entity has completed an action. Examples of an entity include a funder, a campaign account owner, a third party and a combination thereof. Examples of actions include making a purchase, subscribing to a service, joining an entity's social network, etc. Upon receiving the indication, an account (e.g., a crowdfund account such as a funder and/or campaign account) can be credited with a value that can correspond to the completion of the action. Value can be transferred from an external account (such as travel rewards program, an external virtual currency account, etc.) to a crowdfund account and vice versa. If the transferor account is denominated in a different unit of value than the transferee account, an exchange rate can be determined and applied to the transaction.


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Document History
  • Publication: Jan 23, 2014
  • Application: Jul 19, 2012
    US US 201213552688 A
  • Priority: Jul 19, 2012
    US US 201213552688 A

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