FAQs

    FunDeSci is a decentralized marketplace that facilitates NFT-based fundraising for early-career researchers seeking to finance innovative scientific initiatives. Our organization leverages blockchain technology to eliminate financial barriers that impede the funding of promising projects. Our platform aims to provide funding opportunities for researchers and foster collaboration and knowledge exchange, thereby enhancing scientific progress and contributing to societal advancement. Moreover, it would facilitate corporations in identifying and engaging with appropriate researchers who can address their challenges and receive grants as incentives.

    FunDeSci is an innovative platform that allows researchers to showcase their scientific projects and seek funding from investors. Using either auction or crowdfunding, researchers can create non-fungible tokens (NFTs) to represent their projects and put them up for sale on the platform. When investors purchase these NFTs with cryptocurrency, they not only support scientific research but also receive a unique digital asset that represents their contribution. The funds raised from the sale of these NFTs are then used to advance scientific research.

    In addition to NFT-based fundraising, FunDeSci also provides an avenue for eligible scientists to apply for grants offered by organizations that are passionate about scientific research. By connecting researchers with potential investors and grant providers, FunDeSci aims to promote and support the growth of scientific research.

    FunDeSci is a platform that anybody interested in funding scientific research may utilize. FunDeSci allows researchers to present their studies and seek money via auction or crowdsourcing. Funders interested in scientific research may use cryptocurrencies to acquire non-fungible tokens (NFTs) representing these initiatives. Furthermore, organizations that are enthusiastic about scientific research may post awards on the site. FunDeSci strives to encourage and support the progress of scientific research by offering a platform that unites researchers, investors, and grant givers.

    NFT-Fundraising is a kind of fundraising in which non-fungible tokens (NFTs) are used to promote different causes. NFT-Fundraising in the framework of FunDeSci enables researchers to generate and mint their own NFTs to represent their scientific initiatives, which can subsequently be acquired by investors using cryptocurrency. The revenues from the sale of these NFTs will go toward funding the research endeavor. NFT-Fundraising provides a novel option for investors to fund scientific research while also obtaining a collectable object that reflects their donation by utilizing NFTs to represent scientific initiatives.

    Although there are many wallets available in the market, currently MetaMask is used as the most famous wallet on this platform. A complete guide to using MetaMask is presented at Cryptocurrency Prices, Charts, and Crypto Market Cap | CoinGecko , for more information refer to How to blockchain wallet FAQs | MetaMask

    A Complete Beginner’s Guide to Using MetaMask

    Our main effort is to reduce social inequalities in the distribution of research funds in the scientific community, regardless of nationality, seniority, race, or gender. This platform has made it possible to define a wide range of research projects such as life sciences and biotechnology, engineering and applied sciences, computer sciences, open-source software, etc., and attract financial support for the immediate development and diffusion of knowledge.

    Auction-based fundraising entails issuing a restricted number of NFTs for a specific research project, which investors can then acquire via a bidding procedure. Investors may bid on these NFTs until the auction finishes, at which time the top bidders will be able to acquire them. When there are a limited number of NFTs available for a certain research endeavor, this strategy allows for a competitive bidding procedure.

    If a project does not reach its financial objective, the profits from the sale of NFTs will still be used to enhance scientific research. However, the initiative will not obtain the entire financing objective that they had hoped for. Non-fungible tokens (NFTs) cannot be erased after they have been coined and are present on the blockchain. While cryptocurrencies cannot be refunded, the NFT may still be bought or sold on other exchanges. It is crucial to remember that all auction and crowdfunding events on FunDeSci have a time restriction, after which the event will conclude and the NFTs will no longer be available for purchase.

    At FunDeSci, we believe that every funder should have access to the details they need to make an informed decision. That is why we give extensive information about each project and grant accessible on our site, such as the researcher’s history and credentials, the study’s aims and objectives, and a budget and timeframe breakdown. We urge people to thoroughly consider this material before making a purchasing decision. Furthermore, before putting money into any project, participants should assess their particular financing goals and risk tolerance.

    We take the safety and security of your money extremely seriously at FunDeSci. Our platform is based on blockchain technology, which offers an immutable and transparent ledger. The usage of non-fungible tokens (NFTs) with cryptocurrency payments improves platform security by removing the possibility of fraudulent actions connected with conventional payment methods. Furthermore, we use industry-standard security methods to protect user data and prevent unwanted access. We aspire to create a secure and trustworthy platform for financing for scientific research by utilizing the potential of blockchain and implementing comprehensive security measures.

    Our platform is open to a wide variety of scientific projects, ranging from pure research to applied science and technology. We welcome projects from both academic and industry researchers, as well as those initiated by private individuals or groups.

    Simply link your digital money to the site and explore the various projects or grants to get started with financing initiatives on FunDeSci. You may use cryptocurrencies for funding a project or grant that interests you. Your contribution will be turned into an NFT and safely kept on the blockchain.

    If you are a researcher seeking a grant, you have to create a profile on the website and give the necessary information. Once your profile is complete, you may search for available grants and apply for them.

    To establish a grant on FunDeSci, you must first create an organization account and fill out all of the required information. After you’ve established an account, go to your dashboard’s “Grants” page and click “Create Grant.” You will be asked to give grant details, such as the award amount, eligibility criteria, and application date. The award will be displayed on the site once it is launched, and qualified scientists may submit applications for consideration. You may then review the submissions and choose the most worthy scientist for funding.

    FunDeSci charges a service fee of 2.5 percent for utilizing our website to finance projects and apply for grants. This charge is usually a percentage of the total amount received and goes toward covering the expenses of maintaining and growing the platform. It’s also worth noting that there may be blockchain transaction charges connected with financing projects, which are dependent on current blockchain network congestion and may change at any moment. However, we make every effort to keep our costs as low as possible while still offering a safe and dependable platform for scientific funding.