Smart Crowdfunding-Implementing Price-Triggered Transactions for Enhanced Decentralized Fundraising on Ethereum

Abstract

Crowd-funding, also known as crowd financing or crowd-sourcing of funds, has emerged as a popular alternative method for raising capital in recent years. In the dynamic realm of cryptocurrencies, this paper introduces a groundbreaking transaction system tailored to give users the autonomy to establish and maintain personalized price conditions for Ethereum (ETH) transactions. In response to the inherent volatility of cryptocurrency markets, the core objective of this system is to ensure the legitimacy of funds conveyed to campaign fundraisers. Users are endowed with the authority to stipulate the quantity of ETH they intend to transmit, define the initial USD valuation of ETH at the transaction's inception, and set a predetermined timeframe within which the transaction is slated for execution. This comprehensive approach yields a transparent and secure mechanism, ensuring the precision of transaction processing even amidst the market's capricious fluctuations. In scenarios where market conditions deviate from the user's predefined price, the system adeptly redirects funds to the campaign raiser, integrating the value of ETH at the user-designated moment, thereby fostering heightened reliability in cryptocurrency transactions.