OpenFund is a decentralized fundraising platform that enables investors to discover and invest early in promising projects while providing fundraisers with a transparent way to raise capital.

Fundraisers submit project details to OpenFund (off-chain) for review. The platform carefully verifies each project before listing it on-chain for fundraising, ensuring security and trust. Once approved, the fundraising process is fully decentralized.

Investors can invest in projects using USDT. Each investor can contribute up to 10 units, with 1 unit equal to 100 USDT. The number of project tokens received is calculated based on the token price. Tokens are distributed right after investing successfully.

After the funding period ends, there are 3 days investors voting on fund distribution. If more than 50% investment amount request a refund, the project is marked as 'Funding Failed' and in 1 day after that, any token holder seeking a refund can reclaim 100% of their invested funds by returning their tokens to the contract. Otherwise, the full amount is released to the fundraiser. This mechanism reduces the risk of funding projects that fail to develop.

Yes, OpenFund charges fundraiser a 5% fee, but only for successfully funded projects.