Project Creation Questions

To create a project on CrowdFundPi, you need to meet the following requirements:

• You must be at least 18 years old
• Have a valid Pi wallet
• Provide real identity information (only for verification, will not be made public)
• Your project must comply with our platform rules and terms
• Prepare project descriptions, images, videos, and rewards settings
• Pay 31.4 Pi for project listing fee

Soft Cap is the minimum funding goal that the project must reach. If the project fails to reach the soft cap before the crowdfunding period ends, all funds will be returned to backers, and the project is considered unsuccessful.

Hard Cap is the maximum funding amount the project can accept. Once the hard cap is reached, the crowdfunding automatically ends and no longer accepts new supporters.

Setting reasonable soft and hard caps is crucial for project success:

• The soft cap should be the minimum amount needed to achieve the basic project goals
• The hard cap should consider the maximum amount of funds you can effectively manage

After submitting your project, our review team typically completes the review within 1-3 business days. During the review, we check:

• Whether the project complies with platform rules and legal requirements
• Whether the project description is clear and accurate
• Whether the project goals and plans are feasible
• Whether the creator's identity has been verified

If the project needs modifications, we will notify you of specific suggestions by email. The revised project will re-enter the review queue.

On the CrowdFundPi platform, we charge the following fees:

• Platform Service Fee: 10% of successfully raised funds (only charged when the project reaches its soft cap)
• Early Ending Fee: An additional 5% (total 15%, applicable to cases where crowdfunding ends early)

Fee calculation examples:

• Normal Ending: Raise 1000 Pi, platform charges 10% (100 Pi), creator receives 900 Pi
• Early Ending: Raise 1000 Pi, platform charges 15% (150 Pi), creator receives 850 Pi

These fees are used for:

• Platform maintenance and operations
• Project review and support services
• Community building and ecosystem development

Key factors for increasing crowdfunding project success rate include:

• Careful Preparation: Provide detailed, clear project descriptions and high-quality images/videos
• Reasonable Pricing: Set realistic funding goals and attractive reward returns
• Community Building: Build a community of supporters before launch and maintain communication
• Marketing: Use social media and other channels to promote your project
• Transparency: Clearly explain how funds will be used and project timeline
• Regular Updates: Maintain communication with backers during the crowdfunding period and share progress

Our data shows that projects with good preparation and marketing plans can increase success rates by over 70%.