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How it works

What is Karolina Fund? is a crowdsourcing and crowdfunding community currently in alpha development. The platform is a work in progress and we still have a long way to go to reach our desired destination. We have now opened our platform with only the core functions availible for use because we want to learn from our users while we develop. Here you can read about how it all works (for now), that is how do the currently availible features on the platform work.

Check out the future vision of Karolina fund.

How does Karolina Fund work?

Anyone with a great idea for a creative project can post his idea on the Karolina Fund platform (keep in mind that for now we are only publishing a limited number of projects, if you are interested then please drop us a line at Project creators can promote their projects through the platform in text, pictures, to do lists and/or videos. Each project has a funding goal and a specific time limit set by the creator. In return for pledges to projects, creators offer rewards. If people like a project and/or the rewards offered they pledge to the project. If the funding goal is reached or exceeded the funds are transfered to the creator when the funding time expires. However if the funding goal is not reached before the time limit runs out all pledges are refunded.

Fees and charges

  • If a project is successfully funded Karolina Fund deducts a 5% success fee from total funds collected.
  • A processing fee of 3% is charged and other payment options might also include a transaction fee. The payment transaction fees are charged from the receiver of the payment (the creator).
  • If the project is not successfully funded all pledges will be fully refunded.
  • Manual bank transfer charges are paid by pledgers, including manual bank transfer refunds from Karolina Fund. Please inform yourself of your bank‘s charges.

    Creator responsibility

    Project creators are solely responsible for finishing their projects and distributing the rewards. Karolina Fund can not guarantee that projects will be carried out as promised.