Contribution Process

This involves decision-making on products/services, funds contribution, distribution, and refunds.

  • Users sign up to the platform, creating a wallet during registration.

  • They vote on product/service polls or join Sub-Coop groups matching their interests or location.

  • After funding their wallets, they can contribute to any crowdfund of their choice to acquire products, receiving Slots as proof of ownership.

  • Slots can be sold on the Fayhr Marketplace or sent to friends and family who use the platform.

  • If the soft cap is exceeded before the end of the crowdfunding period or the hard cap is reached before the period ends, contractors can withdraw the total floor price and delivery dividend to acquire the products/services.

  • If the soft cap is not exceeded after the crowdfunding period, or contractors cancel the crowdfund, users can claim contributions equivalent to their Slot holdings.

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