
What is Crowdfunding?
Crowdfunding is a method of raising capital through the collective effort of friends, family, customers, and individual investors. It uses the easy accessibility of vast networks of people through social media and crowdfunding websites to bring Contributors and Fundraisers together, with the potential to increase successful fundraising by expanding the pool of Contributors/Investors beyond the traditional circle of friends and relatives.
SOUL Campaign is a typical Reward-based Crowdfunding, which means the money the Supporters paid to purchase the gift card to help the restaurants will come with a return of 10% more value.
As with the COVID-19 situation being still unpredictable, the return as well as the face amount value of the gift card is not guaranteed.
Aside from the Credit Card fees that the processing company charges (2.9%+0.30), 100% of the proceeds from the gift card purchase will go towards the restaurants.
Any and all support is extremely appreciated.