A refundable project conditions the payment of the funds raised to the project initiator to the success of the campaign.
A refundable project bears the following tag: You can be refunded without charge if the project does not reach its target.
When the fundraising ends and the target is reached, all the funds thus collected in donors’ or investors’ wallets are paid into the wallet of the project initiator’s wallet, to whom this is then available.
On the other hand, if the project does not reach the minimum amount requested on the fundraising end date, the donor is offered a repayment if he/she so wishes.
The project initiator decides on the rewards it will offer in exchange for contributions from donors or investors and ensures these are delivered when the fundraising is successful.
Therefore, it is only at the end of fundraising, and if the targets are actually met, that the funds are made available by MONACO CROWDFUNDING. As the money has already been collected from the donors or investors, the project initiator is thus assured of the availability of the funds promised by the donors or investors throughout the crowdfunding campaign.
The projects proposed by MONACO CROWDFUNDING must reach at least 100% of the target set in order to receive the contributions from internet users. This is an important guarantee for the donor or investor, ensuring that the project to which he/she has contributed makes sense to a sufficiently large community of internet users.
The project initiator has the option of extending the campaign duration once if it believes the target can be reached and that donors have expressed a desire for this. In this case, the donors not wishing to continue supporting the project may be refunded without charge.