The "all or nothing" principle

Every project on the crowdfunding platform e must be completely financed within a defined period of time (we call this the financing phase) for the money donated to be passed on to the project initiators for the implementation of the project.

The underlying reason is that the money collected on the crowdfunding platform should flow to projects whose implementation has a high probability of success.

Projects that do not achieve the target budget would frequently fail. That would mean that we pass on money to projects whose implementation is uncertain or improbable. We do not want to do that, instead we want to make projects possible that are a concrete contribution to the improvement of the world.

Besides those projects with a goal budget and a goal date, long term projects are conducted by well established project initiators. They need to fulfill high quality requirements and pay a higher handling fee. The "all or nothing" principle is not valid for long term projects.