# Web3 Crowdfunding platform

**URL:** <https://discourse.uma.xyz/t/web3-crowdfunding-platform/1782>\
**Category:** Ideas Bank\
**Created:** [July 28, 2022, 1:18pm UTC](https://discourse.uma.xyz/t/web3-crowdfunding-platform/1782 "2022-07-28T13:18:42Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![Mhairi](https://yyz2.discourse-cdn.com/flex032/user_avatar/discourse.uma.xyz/mhairi/32/48_2.png) [@Mhairi](https://discourse.uma.xyz/u/Mhairi)\
**Post date:** [July 28, 2022, 1:18pm UTC](https://discourse.uma.xyz/t/web3-crowdfunding-platform/1782/1 "2022-07-28T13:18:42Z")

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Outcome Finance’s KPI options allow funds to be released if a goal is met. One example of this kind of use for raising charitale donations was [OneTree](https://twitter.com/UMAprotocol/status/1503828527099088904) where funds were released depending on the number of retweets that a tweet received.

The same principle could be developed into a crowdfunding platform, where people minted options tokens and sent the longs to the charity and kept the shorts, with the settlement determined by whether a particular goal was met. Settlement could be binary (was the goal met or not?), stepped (were subgoals met) or linear (what %age of the goal was met)

This hackathon project idea would not require solidity skills as the LSP contract that would create the is relatively simple to customise. A team that were interested in working on this hackathon idea would primarily require front end skills to build the UI and interface with UMA’s contracts.