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https://warpcast.com/~/channel/pledge
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thepencil.eth ⌐◨-◨ 🎩 pfp
thepencil.eth ⌐◨-◨ 🎩
@thepencil.eth
How plEDGE Works Welcome to decentralized crowdfunding, powered by smart contracts on Base. Here’s how we keep it trustless:
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thepencil.eth ⌐◨-◨ 🎩
@thepencil.eth
1️⃣ Creators launch a campaign with funding thresholds + deadlines.
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thepencil.eth ⌐◨-◨ 🎩
@thepencil.eth
2️⃣ A dedicated escrow smart contract is deployed per campaign.
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thepencil.eth ⌐◨-◨ 🎩
@thepencil.eth
3️⃣ Backers pledge in crypto — funds are locked.
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thepencil.eth ⌐◨-◨ 🎩
@thepencil.eth
4️⃣ If the goal is hit on time 👉 funds are auto-released to the creator.
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thepencil.eth ⌐◨-◨ 🎩
@thepencil.eth
5️⃣ If not met 👉 backers are auto-refunded.
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thepencil.eth ⌐◨-◨ 🎩
@thepencil.eth
⚡ Built on @base L2 for speed, low fees, and full EVM compatibility.
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thepencil.eth ⌐◨-◨ 🎩
@thepencil.eth
No middlemen. Just verifiable, automated outcomes. That’s crowdfunding with an EDGE.
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Cool Beans 🌞
@coolbeans1r.eth
So it's retroactive funding?
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thepencil.eth ⌐◨-◨ 🎩 pfp
thepencil.eth ⌐◨-◨ 🎩
@thepencil.eth
It’s not retroactive—it’s like Kickstarter, but Web3. You pitch your idea, set a funding goal + deadline, and people pledge crypto. If you hit the goal, funds get released via smart contract. If not, everyone gets their money back. No DAO votes, just let the market decide. Example: want to make a short film about traveling cross country to find the perfect hotdog? 🌭 You write up your plan, estimate the cost, and offer rewards like early screenings or digital copies to backers. Boom—seed funding from the crowd. Works for all kinds of projects: Art, Comics, Crafts, Dance, Design, Fashion, Film, Food, Games, Journalism, Music, NFTs, Photography, Publishing, Technology, Theater, Causes. It’s mostly for future work, but retro funding could happen if folks really vibe with something already made.
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